Economy

Seoul: The South Korean central bank is widely expected to lower its policy rate by 0.25 percentage point next week in an effort to prop up the economy, a poll showed on Friday. According to a survey conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, 20 out of 21 local analysts

Mumbai:  The domestic benchmark indices were trading nearly flat in the morning trade on Friday amid mixed global cues, as automobile stocks weighed on the sectoral indices. ICICI Bank, Infosys, Kotak Mahindra Bank, Tata Motors and Reliance Industries share prices dragged the benchmark indices in early trade. As of 9.34 a.m., the Sensex was hovering

Kochi: On the opening day of the Invest Kerala Global Summit (IKGS) 2025, which got underway here on Friday, the fast nearing completion of Vizhinjam Port — being built by the Adani Ports — was the key point of discussion by the participants who pointed out that the upcoming seaport will turn Kerala into a

New Delhi: Stronger policy frameworks and robust macro fundamentals remain the key to resilience and fostering overall macroeconomic stability, according to RBI Governor Sanjay Malhotra. In the Monetary Policy Committee (MPC) meeting held earlier this month, the minutes of which were released by the central bank on Friday, Malhotra said that domestically too, there is

New Delhi:  In a bid to boost trade partnerships between India and Taiwan, non-profit EPIC Foundation on Thursday signed a memorandum of cooperation (MOC) with Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA). Through this, EPIC Foundation aims to facilitate seamless investments by Taiwanese companies in India, while promoting global electronic value chain (GVC) autonomy to

New Delhi: The revenue growth of the Indian auto component industry is projected to expand by 8-10 per cent in FY26, according to a report on Thursday. Credit rating agency ICRA expects operating margins to remain range-bound and hover at 11-12 per cent in FY25 and FY26, supported by benefits from operating leverage, higher content

Mumbai: High frequency indicators point towards a sequential pick-up in momentum of India’s economic activity during the second half of 2024-25, which is likely to sustain moving forward, according to the latest RBI monthly bulletin. In a challenging and increasingly uncertain global environment, the Indian economy is poised to sustain its position as the fastest

Mumbai:  The flow of funds from Indians working overseas into non-resident Indian (NRI) bank accounts has shot up by 42.8 per cent to $13.33 billion between April and December 2024, compared to $9.33 billion during the same period in 2023, according to the latest figures compiled by the Reserve Bank of India (RBI). The total

New Delhi: India is set to transform into a high-income country with a projected GDP of $23–$35 trillion by 2047, driven by sustained annual growth of 8-10 per cent, according to a report on Thursday. This will be powered by India’s demographic dividend, technological innovation, and sectoral transformation, according to the report by Bain &

Mumbai: The Indian benchmark indices opened lower on Thursday amid mixed global cues, as selling was seen in the auto, pharma and FMCG sectors in the early trade. At around 9.37 am, Sensex was trading 219.70 points or 0.29 per cent down at 75,719.48 while the Nifty declined 45.75 points or 0.20 per cent at