The rupee is doing well. The currency has broken over the psychologically significant 84/$ levels and is up almost 1% daily. These levels were last observed in June 2024. With Donald Trump’s victory in the November 2024 US presidential election, the currency has now erased all losses. Strong dollar inflows and short-covering are being cited…
The rupee has reached a peak of 84.78 to the dollar. New geopolitical concerns and rising demand for the US dollar combined to put pressure on the local currency, causing it to reach its highest level since the start of 2025. According to forex traders, the rupee’s decline is the result of a risk-off mentality…
In India, purchasing gold on Akshaya Tritiya is a long-standing custom that combines good fortune and faith. With an estimated 24,000 tonnes of gold, Indian families are the greatest single owners of the precious metal worldwide. Today’s gold rate in India is Rs 95,500, reaching an all-time high of Rs 1 lakh on April 22….
Mahindra & Mahindra (M&M) stated on Monday that the SML Isuzu acquisition is strategically intended to increase market share in the truck and bus segments while simultaneously attaining higher cost reductions in the tractor segment. The plan to purchase a 59% share in SML Isuzu for a total of Rs 555 crore was accepted by…
A Rs 25,000-crore Maritime Development Fund (MDF) for the shipping industry is anticipated to be approved shortly by the Union Cabinet, according to sources. The final plan was submitted to the Cabinet for approval by the Ministry of Shipping. The MDF was established to support India’s maritime industry, as the Finance Minister had previously stated…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
With only a few weeks remaining in the harvest season, mills’ sugar production for the current 2024–25 season (October–September) has topped 25.59 million tonne (MT). According to the Indian Sugar & Bio-Energy Manufacturers Association (ISMA), the production of sweeteners for the entire season is expected to be about 26.4 million tonne MT, excluding 3.5 MT…
With the recent award win of a 378 MW wind energy project, Suzlon Energy Ltd. announced on Wednesday that it has expanded its largest partnership with NTPC Green Energy Ltd (NGEL) to 1,544 MW. The company claimed in a regulatory filing that the victory reaffirms Suzlon’s unchallenged market leadership and dedication to long-term, significant growth….
The earnings season for the fiscal fourth quarter has begun, with major IT services companies already announcing their Q4 results. This week, the auto sector will start reporting its figures. On April 25 (Friday), Maruti Suzuki India is set to release its Q4FY25 figures. Brokerage firms indicate that volume growth in Q4 will likely be…
According to a survey by Crisil Intelligence, the cement sector is anticipated to see a demand growth of 6.5–7.5% this fiscal year. It also stated that this will be fueled by a roughly 10% increase in funding for ministries responsible for essential infrastructure and the hope that an above-average monsoon will increase agricultural profitability, which…
