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India-Maldives currency swap: RBI’s $400 million support lifts FX reserves; Fitch cites easing of liquidity strain in rating note
India has welcomed the Maldives' improved foreign exchange reserves, acknowledging the significant role of the $400 million currency swap between the RBI and MMA in easing liquidity pressures. Fitch Ratings recognized India's critical support in bolstering the Maldives' reserves, alongside strong tourism and new forex regulations. Despite this, the Maldives faces ongoing fiscal and external challenges.
‘Best deal India has ever offered’: India-UK trade pact seen as landmark win in UK Parliament; deal hailed for boosting GDP
UK Business and Trade Secretary Jonathan Reynolds highlighted the Free Trade Agreement with India as a significant economic victory, potentially boosting bilateral trade by GBP 25.5 billion annually. Reynolds emphasized the competitive advantage for the UK in advanced manufacturing sectors like automotive and machinery.
Great news for waitlisted passengers! Indian Railways starts trial for train charts; get to know status of your ticket 24 hours before departure
Indian Railways is piloting a new initiative to release train ticket confirmation status 24 hours before departure, replacing the current 4-hour window. This aims to reduce uncertainty for waitlisted passengers, allowing for better travel planning, especially for those traveling longer distances.
GCC boom fuels US demand, US firms drive one-third of office demand in top Indian cities; Bengaluru leads office space race among top 7 cities
US companies are the biggest drivers of India's office space demand, leasing over 64 million sq ft between 2022 and 2024. Approximately 70% of this space is for Global Capability Centres (GCCs), particularly in Bengaluru. Technology and BFSI firms are leading this trend, drawn by India's skilled talent and favorable business environment.
Buffett’s BYD bet outshines Tesla slump, Berkshire’s China play defies EV price war and hype, value over volatility drives EV future
Warren Buffett's strategic investment in BYD, made in 2008, is proving remarkably successful, contrasting sharply with his avoidance of Tesla. BYD has surpassed Tesla in quarterly automotive revenue and total new energy vehicle sales, driven by its cost-efficient models and global expansion. Buffett's foresight, championed by Charlie Munger, highlights the power of value investing in the evolving EV market.
Dharan Infra pivots to green energy; sets up solar-focused subsidiary; aims end-to-end presence in renewables
Dharan Infra–EPC Ltd has ventured into the renewable energy sector by launching Dharan Infra Solar Pvt Ltd, a wholly-owned subsidiary. This new entity will focus on solar power and hybrid energy systems, offering comprehensive solutions from module manufacturing to project deployment. This strategic move aligns with Dharan Infra's shift towards green infrastructure and capitalizes on India's growing clean energy emphasis.
Compliance review: Sun Pharma’s Halol plant gets 8 USFDA observations; company vows remedial steps after inspection
Sun Pharmaceutical Industries faces scrutiny. The USFDA issued a Form 483. This follows an inspection of its Halol manufacturing plant in Gujarat. The inspection occurred between June 2 and June 13, 2025. Eight observations were noted regarding Good Manufacturing Practices. Sun Pharma is expected to respond. They will submit a remediation plan to address the concerns.
India-based GCCs lead global shift in tax operations, says Deloitte whitepaper; 76% already handling cross-border functions
Deloitte India's whitepaper reveals that India-based Global Capability Centres (GCCs) are now vital for multinational companies managing global tax operations. These GCCs, evolving beyond back-office roles, offer high-value tax expertise and drive digital transformation. With 76% already running global tax processes, India's GCC ecosystem is booming, projected to reach $105 billion by 2030.
RBI may cut rates further after brief pause; more liquidity requirement in second half of FY26: Report
The Reserve Bank of India (RBI) is likely to cut interest rates further after a temporary pause, potentially injecting more liquidity in the latter half of fiscal year 2025-26, according to an Angel One report. With the FY26 inflation forecast lowered to 3.7 per cent and May's CPI inflation dropping to 2.
Bank loan: Retail loan stress may reverse NPA gains, CareEdge warns of unsecured segment risks in H1FY26
CareEdge Ratings anticipates a slight increase in Indian banks' NPAs by FY26's first half, driven by rising stress in retail loans, particularly unsecured personal and microfinance. Despite overall asset quality improvements in recent years, private banks face higher slippages due to unsecured lending. Increased retail lending amid subdued corporate credit demand poses potential risks to asset quality.
FPI sentiment sees uplift: Foreign investors inject Rs 3,346 crore into Indian equity markets; driven by RBI rate cut
Foreign portfolio investors (FPIs) injected Rs 3,346.94 crore into Indian equity markets this week, boosted by the RBI's interest rate reduction. However, escalating geopolitical tensions between Israel and Iran led to a significant withdrawal of Rs 3,275.76 crore on Friday.
From golf to crypto: Trump declares over $600 million income, $1.6 billion in total assets, claims report
Donald Trump's recent financial disclosure reveals earnings exceeding $600 million from diverse ventures, including significant cryptocurrency investments. The report, covering the 2024 calendar year, indicates substantial income from golf resorts, licensing agreements, and digital assets. Trump's total assets are estimated at $1.6 billion. Notably, meme coin $TRUMP$ generated $320 million, while World Liberty Financial contributed over $400 million.
India among key investment hubs for land and development sites; retains spot among top 10 global markets: Report
India ranks seventh globally, attracting $735 million in cross-border capital for land and development in Q1 2025, a Colliers report reveals. While APAC dominates with 80% of investments, China leads significantly. Despite a slight dip, India surpasses its five-year average, signaling sustained investor confidence. European investors are increasingly eyeing APAC markets, including India, despite overall low investment volumes across regions.
Nippon Steel–US Steel deal approved: Trump signs executive order; contingent on compliance with security agreement
Donald Trump has approved Nippon Steel's US Steel acquisition, contingent on a national security agreement. The deal includes $11 billion in investments by 2028 and a "golden share" for the US government to safeguard national security. US Steel's shares rose after hours.
Trump-Musk feud continues? White House orders review of SpaceX contracts after fallout: Report
Following escalating tensions between President Trump and Elon Musk, the White House has directed the Defense Department and Nasa to scrutinize SpaceX's multi-billion dollar contracts. This review, prompted by Musk's criticisms of Trump, raises concerns about political influence on government spending and national security, particularly regarding SpaceX's role in the "Golden Dome" missile defense system.
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Israel warns 'Tehran will burn' after Iran retaliates with drones, missiles
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‘Ace’ OTT release: When and where to watch
Vijay Sethupathi's 'Ace,' a romantic crime comedy, is now streaming on Amazon Prime Video after a...
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