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Posted in Economy

India growth outlook dims as oil tops $100, gas crisis deepens

A war raging thousands of miles away is tightening its grip on India’s economy, as surging oil prices and acute gas shortages ripple from kitchens…

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Posted in Economy

What’s key to India’s forex defence? Patra suggests it’s $1 trillion buffer

India needs a foreign exchange reserve buffer of at least $1 trillion to ensure it has enough firepower to intervene in currency markets, according to…

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Biz chamber seeks RBI relief for exporters hit by West Asia disruptions

Kolkata: The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics…

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Erietta Latsi and Parnassos crude oil tankers sit anchored as the traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran (REUTERS)
Posted in Business

The Iran war is roiling commodities far beyond oil| Business News

SINCE THE third Gulf war began three weeks ago, one number has captured the world’s attention: the price of crude. On March 16th Brent, the…

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The Renault Duster retails at a starting price of  ₹10.49 lakh.
Posted in Business

Renault bets on Duster revival to power India turnaround| Business News

Renault India is doubling down on its most iconic nameplate to reclaim market share in the world’s third-largest auto market. The Renault Duster retails at…

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India underreported rice, wheat price support: US, others to WTO

The US, Australia, Paraguay and Ukraine have raised objections to the market price support given by India to certain agricultural goods in a submission to…

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Telecom startup Velmenni raises Rs 30 crore led by Pi Ventures
Posted in Startups

Telecom startup Velmenni raises Rs 30 crore led by Pi Ventures

Delhi-based telecom startup Velmenni has raised Rs 30 crore led by Pi ventures, with participation from investors like Mount Tech Growth Fund Kavachh and Apekso….

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Reliance Industries Chairman Mukesh Ambani. (Bloomberg)
Posted in Business

Reliance, Samsung sign $3-billion contract for green ammonia supply| Business News

Reliance Industries Ltd. has secured a landmark $3 billion deal with South Korea’s Samsung C&T Corp. to supply green ammonia, marking a significant milestone in…

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Venture Catalysts exits hygiene startup Pee Safe with 9.6x return after OrbiMed-led $32 million round
Posted in Startups

Venture Catalysts exits hygiene startup Pee Safe with 9.6x return after OrbiMed-led $32 million round

Early stage investment fund Venture Catalysts has fully exited women’s hygiene and wellness brand Pee Safe, generating a 9.6x return on its investment. The exit…

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The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint)
Posted in Business

Sensex, Nifty open little changed as investors stay wary of crude oil prices| Business News

India’s stock market opened little changed today, with investors remaining wary of the impact of elevated crude oil prices amid a prolonged Iran war. The…

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