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Tariff shock indicates 25bps rate cut, RBI stance may turn ‘accommodative’: Report

Apr 8, 2025

New Delhi, April 8 (IANS) The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to “accommodative" to give directional easing bias, a report showed on Tuesday.The Central Bank began its three-day…

India ranks 3rd highest-funded fintech startup ecosystem globally in Q1 2025

Apr 8, 2025

Bengaluru, April 8 (IANS) India secured the third position globally in terms of funding raised for the fintech sector in Q1 2025, following the US and the UK, a report showed on Tuesday.A majority of the funding in this space has been seen…

Business

South Korea logs current account surplus for 22nd month in Feb

Apr 8, 2025

Seoul, April 8 (IANS) South Korea logged a current account surplus for the 22nd consecutive month in February on rising exports, central bank data showed on Tuesday.The country's current account surplus reached US$7.18 billion in February,…

Business

US tariffs: India’s tech hardware sector likely to gain over China, Vietnam

Apr 8, 2025

New Delhi, April 8 (IANS) With China facing a 34 per cent US tariff and Vietnam 46 per cent, India's relatively lower tariff of 27 per cent may shift supply chain dynamics, helping the domestic tech hardware sector grow further, according…

Business

Sensex opens over 1,000 points up amid heightened global uncertainty

Apr 8, 2025

Mumbai, April 8 (IANS) Indian frontline indices opened in the green on Tuesday as heavyweights like Titan, Tata Steel and Adani Ports lifted the market sentiment despite global uncertainty amid US tariffs.As of 9:21 am, Sensex was up 1,169…

Business

Local tug manufacturing a symbol of India’s growing green maritime capabilities: Minister

Apr 8, 2025

New Delhi, April 8 (IANS) The indigenous development of hybrid and electric propulsion tugs is not only a technological advancement but also a symbol of India’s growing capability to lead the global green maritime movement, Union Minister…

Business

BEL bags Rs 2,385 crore deal to supply electronic warfare suites for IAF choppers

Apr 7, 2025

New Delhi, April 7 (IANS) The Ministry of Defence has signed a Rs 2,385.36 crore contract with Bharat Electronics Limited for the acquisition of Electronic Warfare (EW) Suites and aircraft modification kits as well as their installation on…

Business

Some nations like China may devaluate their currencies: Neelkanth Mishra on US tariffs

Apr 7, 2025

New Delhi, April 7 (IANS) As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some countries like China will have no option but to devalue their currencies in the current…

Business

Sensex, Nifty tank over 3 pc as global trade war fear rises

Apr 7, 2025

Mumbai, April 7 (IANS) In a bloodbath on the Dalal Street, the stock markets plunged on Monday morning following the global sell-off, as the trade war fear increased amid impending US reciprocal tariffs. As of 9:55 am, Sensex was…

Business

RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report

Apr 7, 2025

Mumbai, April 7 (IANS) As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7-April 9) here, SBI Research on Monday said it expects a 25-basis point rate cut in the policy and cumulative rate cut…

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