Tag: india

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Posted in Economy

India’s central bank withdraws over 6 trillion rupees of bank liquidity after record spike

MUMBAI: The Indian central bank absorbed more than 6 trillion rupees ($63.53 billion) through cash withdrawal operations on Monday, a day after banking liquidity surged…

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Posted in Economy

India’s economy shatters a 35-year barrier to enter A-rated club

Japan Credit Rating Agency’s decision on Wednesday to raise India’s sovereign rating from BBB+ to A- has put an ‘A’ back on India’s credit scorecard…

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The QR code is the visual signature of Unified Payments Interface, or UPI, a platform that celebrated its tenth birthday on August 25th and which has revolutionised how money moves in India. (Unsplash)
Posted in Business

India’s payments system is ten. It must start paying for itself

IT SITS ATOP coconuts on Mumbai beach carts, alongside samosas in Delhi snack shops and among Navy Cuts at Kolkata cigarette stalls. It is displayed…

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Posted in Economy

India becomes key petrol supplier to Russia as refinery attacks bite

New Delhi: India has emerged as a key supplier of gasoline (petrol) to Russia amid a surge in Russian fuel imports triggered by Ukrainian drone…

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Posted in Economy

India is growing at 7%. It may still be too slow for Viksit Bharat

India likely grew at more than 7% last quarter, a pace most major economies would envy. Yet, that may still be too slow to deliver…

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Posted in Economy

S&P affirms India ratings at ‘BBB/A-2’ with ‘stable’ outlook

Global ratings agency S&P on Thursday affirmed India’s sovereign ratings at ‘BBB/A-2’ with a stable outlook, saying the economy’s strong fundamentals would help it withstand…

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Posted in Economy

Hoping to work towards further expanding scope of India-Japan trade pact: Piyush Goyal

Ngoya: Commerce and Industry Minister Piyush Goyal on Wednesday said he discussed reviewing the current trade pact with his Japanese counterpart, and both hope to…

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Union finance ministr Nirmala Sitharaman delivers the keynote address during an interaction with business community members of the Indian diaspora, in Toronto, Canada (@FinMinIndia via PTI)
Posted in Business

India against economy’s weaponisation, says Sitharaman in Toronto; seeks investment

Global growth will be led by countries like India, which does not pose any concentration risk as it is against the weaponisation of the economy,…

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Posted in Economy

Four India-based companies engulfed in Trump’s economic offensive against Iran

The US has widened its Iran sanctions campaign to four India-based companies and three Indian nationals, putting Indian businesses dealing with Tehran under greater scrutiny…

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Posted in Economy

India’s August private sector growth recovers slightly from over four-year low, PMI shows

BENGALURU: India‘s private sector activity edged slightly higher in August from an over four-year low as a rebound in services growth offset the weakest expansion…

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