The reduction in US government debt holdings has partly been offset by a rise in gold reserves. (AI image) As the Reserve Bank of India (RBI) continues its forex diversification strategy, India’s holdings of US Treasury securities are down to almost a six year low. As per US Federal Reserve data, India’s exposure to US…
India has poked holes in US’s plans to impose another tariff series linked to alleged forced labour, arguing that its own approach is inconsistent and the issue be dealt with through bilateral trade negotiations instead of unilateral action. Speaking before a panel of the US Trade Representative (USTR) earlier on Wednesday, Brij Mohan Mishra, joint…
After a brief spell of calm, global oil markets are once again facing chaos. Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was “over.” At the same time, fresh US military strikes…
NEW DELHI: The International Monetary Fund (IMF) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India’s growth projections for the current financial year.IMF’s latest World Economic Outlook pegged India’s growth for 2026-27 at 6.4%, as against 6.5%…
Tata Sons Chairman N Chandrasekaran MUMBAI: Tata Group has set a target of $100 billion in automotive revenue by FY2031, chairman N Chandrasekaran said Wednesday, laying out an ambitious growth path for the conglomerate’s largest business vertical.The automotive portfolio spans Tata’s two listed vehicle makers-commercial and passenger-alongside its privately-held components unit.Jaguar Land Rover, the group’s…
MUMBAI: Even as IPO-bound startups are pitching their high growth models to investors to seek higher valuations, the latter are in no rush to buy into their proposals. In fact, investors are increasingly becoming choosy on the valuation front, said bankers, a dampener for startups such as Zepto which had been targeting a valuation of…
NEW DELHI: Truecaller on Wednesday said users are blocking four lakh calls originating from 140-series and over 1.2 lakh calls from 1,600-series numbers everyday as it lobbied against whitelisting (verified number system).Since Oct, users have recorded 7.4 crore blocking actions on the two number series, while nearly four out of five calls from them are…
MUMBAI: Banks are increasingly issuing multiple credit cards to existing customers rather than onboarding new borrowers, a shift that has resulted in just 5.2 crore unique cardholders against 10.7 crore cards in circulation as of March 2026.According to the report ‘Beyond the Swipe’ by TransUnion Cibil, the Indian credit card market has shifted fundamentally over…
NEW DELHI: A scorching summer has spurred demand for seasonal appliances, putting India’s consumer durables sector on track to post a robust double-digit growth in the first quarter this fiscal year, one of its strongest quarterly performances in recent years. Analysts expect the sector to report over 20% year-on-year revenue growth in the June quarter,…
Logos of BMW and Mercedes NEW DELHI: India’s luxury car market remained resilient in first half of 2026, with Mercedes-Benz and BMW Group reporting highest-ever Jan-June sales, driven by strong demand for electric vehicles (EVs), premium SUVs and top-end luxury models.Market leader Mercedes-Benz retailed 9,768 cars in first six months of the year, up 9%…