Economy

Mumbai: Indian benchmark indices began the week higher on Monday, led by gains in the PSU bank stocks. The BSE Sensex advanced 122 points or 0.15 per cent to 79,980 while the Nifty 50 inched up to 24,405, up 42 points or 0.17 per cent. The Nifty Bank rose 0.34 per cent to 55,194. Broader

New Delhi: Elon Musk-run electric car-maker Tesla was all set to enter the national capital on Monday with opening its second showroom in India. The US automaker was set to inaugurate its showroom in the upscale Worldmark 3 complex at Aerocity in the national capital. It will cater to customers in the national capital region

New Delhi: The reciprocal tariffs imposed by US President Donald Trump are a “slow burn” for Wall Street, as they rarely trigger an immediate crisis – but over time, they warp markets, squeeze consumers, and invite retaliation, according to a new report. Investors and policymakers alike would do well to remember that just because the

New Delhi:  Former G20 Sherpa Amitabh Kant on Saturday urged the need to strengthen the country’s tourism sector to earn big on exports, as well as tackle tariffs, imposed by US President Donald Trump. His remarks came amid concerns over the Trump’s escalation of tariff to 50 per cent on Indian goods. “India’s biggest export

New Delhi: Elon Musk-run electric car maker Tesla is all set to inaugurate its second showroom in India — in Delhi on August 11 — after it opened the Mumbai showroom last month. In a post on social media platform X, Tesla posted, “Arriving in Delhi – stay tuned,” along with a graphic showcasing its

New Delhi: Imposition of 25 per cent penalty on goods trade with India, with a proposition of additional 25 per cent on the world’s largest democracy, can be a bad policy decision for the US and its people, an SBI Research report said on Friday. On the other hand, India — strategically protecting its sovereignty

Mumbai:  SEBI Chairman Tuhin Kanta Pandey on Wednesday termed media reports about curbing weekly expiries as “speculative”. “I am not aware of any such communication. Media reports are speculative, what we have been saying is out in the open,” the SEBI Chairman said. He added that reforms are needed, but the nature of those reforms

Mumbai: Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the US tariff hike will not have any major impact on the Indian economy unless there is a retaliatory tariff. Speaking at a press conference after the monetary policy announcement, the RBI Governor said, “There might not be a major impact of the

New Delhi:  RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC (Know Your Customer) updates, as the government’s flagship financial inclusion scheme completed 10 years. Consequently, public sector banks are organising camps for re-KYC of Jan Dhan scheme accountholders at the

New Delhi:  The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5 per cent, while sticking to the “neutral” monetary policy stance, RBI Governor Sanjay Malhotra said on Wednesday. The RBI Governor said the decision was taken unanimously by the MPC after a detailed assessment