US inflation data for October is now unavailable due to a federal shutdown, creating significant uncertainty for the Federal Reserve’s upcoming policy meeting. This data gap, alongside a postponed jobs report, leaves policymakers without crucial insights into inflation and labor market trends as they weigh rate decisions amidst tariff pressures and economic slowdown fears.
Tata Power will acquire a 40% stake in Bhutan’s 1,125 MW Dorjilung Hydroelectric Power Project for approximately Rs 1,572 crore. This significant public-private partnership, set to be Bhutan’s second-largest hydropower project, will supply 80% of its clean energy to India. The project, scheduled for commissioning in September 2031, aims to bolster both domestic energy needs…
India’s UPI is set to connect with Europe’s instant payment system, TIPS, a significant step towards cheaper and faster cross-border remittances. This collaboration between RBI and the European Central Bank aims to create a direct digital payment channel between India and the Euro Area, enhancing accessibility and transparency as per G20 goals. Technical integration is…
India’s foreign exchange reserves saw a significant jump of over five billion dollars. This surge, ending November 14, pushed total reserves to nearly 700 billion dollars. The Reserve Bank of India reported that increased gold valuations were the primary driver. Foreign currency assets also saw a modest rise. This marks a strong recovery after a…
The Indian rupee experienced its sharpest single-day decline in over three months on Friday, falling past the 89-per-dollar mark for the first time. This significant drop occurred amidst a weak sentiment in both domestic and global equity markets. The currency’s fall was influenced by global cues and a flat growth in the country’s core infrastructure…
The Congressional Budget Office has revised its deficit reduction forecast for President Trump’s tariffs, now projecting $3 trillion over a decade, down from $4 trillion. This adjustment stems from updated data and recent tariff changes. While critics argue consumers bear tariff costs, the White House maintains foreign exporters pay, generating significant revenue.
Navi UPI has joined forces with ONDC to bring QR-based metro ticketing to commuters in Delhi, Mumbai, and Bengaluru via its app. This integration allows users to plan routes, book tickets, and pay seamlessly, aiming to digitize a significant portion of daily metro travel and reduce reliance on cash. The service is set to expand…
Sebi chairman Tuhin Kanta Pandey clarified that the regulator is not developing new frameworks for digital gold, emphasizing that only existing, regulated options like gold ETFs and tradable gold securities are under its purview. He also discussed Sebi’s efforts to enhance the market for REITs and InvITs, including their classification for mutual funds.
India is seeking to deepen collaboration with Israeli startups in areas like cybersecurity, medical devices, and mobility to bolster its innovation ecosystem. Commerce and Industry Minister Piyush Goyal highlighted that technology-driven cooperation will be a key element of a proposed bilateral trade agreement, aiming to leverage Israel’s frontier innovation and India’s market scale.
