Overseas Remittances by Indians Drop 29% in February: RBI
According to the latest data from the Reserve Bank of India (RBI), overseas remittances by Indians under the Liberalised Remittance Scheme (LRS) fell sharply by 29% in February 2025, totaling $1.96 billion. This marks one of the steepest monthly drops in recent years, raising questions about changing investment behavior among Indian residents. What Is LRS?…
Apple Rules Out India-Made iPads, MacBooks for Now
Despite its growing presence in India, Apple has clarified that it currently has no immediate plans to manufacture MacBooks and iPads in the country. This announcement comes as a surprise to many, especially with the company’s expanding iPhone production operations in India. Why No MacBooks or iPads? Apple’s decision is based on several practical challenges….
GIFT Nifty Up 130 Points; Axis, TechM in Focus
Indian markets are set for a strong start today, with GIFT Nifty futures rising 130 points, signaling positive momentum. The upbeat sentiment follows global market cues and investor optimism around earnings season, with several key stocks in focus. GIFT Nifty Hints at Green Start The GIFT Nifty, traded on the Gujarat International Finance Tec-City (GIFT…
ED Raids 3 Gensol Offices Amid BluSmart Probe
In a major development tied to the ongoing BluSmart controversy, the Enforcement Directorate (ED) conducted raids at three offices of Gensol Engineering in Delhi, Gurugram, and Ahmedabad. The raids were carried out under the Foreign Exchange Management Act (FEMA). What’s Happening? The ED is investigating alleged financial irregularities linked to BluSmart, the electric mobility startup…
Ather Energy’s ₹3,000 Cr IPO to Launch on April 28
Ather Energy, one of India’s leading electric scooter manufacturers, is set to launch its much-anticipated ₹3,000 crore Initial Public Offering (IPO) on April 28, 2025. The public issue marks a major milestone not only for the Bengaluru-based company but also for India’s fast-growing electric vehicle (EV) sector. This IPO also ends a quiet phase in…
Bitcoin Surpasses Amazon with $1.857 Trillion Market Cap
Bitcoin has reached a major milestone in the world of finance. Its market capitalization has soared to $1.857 trillion, officially overtaking Amazon to become the sixth most valuable asset globally. This marks a significant shift in investor sentiment and shows how far the cryptocurrency world has come in gaining mainstream attention. A New Giant in…
UBS Sells India Wealth Business to 360 ONE for $36 Million
Swiss banking giant UBS has agreed to sell its India-based wealth management business to 360 ONE Wealth (formerly IIFL Wealth) for ₹3.07 billion (around $36 million). As part of the deal, UBS will also take a 4.95% equity stake in 360 ONE, marking the start of a long-term strategic partnership between the two financial firms….
IMF Trims India’s 2025 Growth on Global Pressures
The International Monetary Fund (IMF) has revised India’s GDP growth forecast for 2025, lowering it from 6.5% to 6.2%. This adjustment comes amid rising global trade uncertainties, including tensions driven by U.S. tariff policies. While India’s domestic demand remains strong, external challenges are beginning to weigh on the country’s growth prospects. What’s Behind the Downgrade?…
Amazon, Walmart Push U.S. to Open Indian Market Access
India is under increasing pressure from the United States to grant full market access to American e-commerce giants Amazon and Walmart. This issue has become a focal point in ongoing trade negotiations between the two countries. U.S. Push for Market Access The U.S. administration is advocating for the removal of existing restrictions that limit foreign…
India Slaps 12% Tariff to Shield Local Steel Industry
India has introduced a 12% safeguard tariff on specific steel imports to shield domestic manufacturers from a sudden surge in low-cost steel, particularly from China. This new duty will be in effect for 200 days, giving local producers a much-needed breather. The move follows concerns from Indian steel companies that rising imports were putting pressure…
- 1
- 2
