Business

New Delhi: Leading hyperscale data centre specialist AirTrunk plans to invest more than Rs 3 lakh crore in India by 2030 in support of digital infrastructure capacity, positioning the country as a cornerstone of global growth strategy. Prime Minister Narendra Modi Friday announced the investment...

Visakhapatnam: India and the US are moving towards closing all the open ends of the interim trade agreement, and both sides are likely to execute the "very, very vibrant" first phase of the pact by the middle of next month, Commerce and Industry Minister Piyush...

New Delhi: India's economy grew at a higher pace of 7.7 per cent during 2025-26 as compared to 7.1 per cent in 2024-25, according to government data released Friday. In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated...

Mumbai: Benchmark indices Sensex and Nifty ended lower Friday amid profit-taking after the RBI lowered its growth expectations for the current fiscal year and forecast inflation to rise to 5.1 per cent. Also adding to the bearish trend in equities were foreign fund outflows, geopolitical...

Mumbai: Reserve Bank Governor Sanjay Malhotra Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly...

Mumbai: Reserve Bank Friday projected the retail inflation for 2026-27 at 5.1 per cent, higher from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel....

Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual...

Mumbai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from economists. The Standing Deposit Facility (SDF) rate was set at 5 per cent, while...

New Delhi: In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities through an Ordinance issued Friday. The Ordinance has brought changes in the Income Tax Act to provide...

Mumbai: The Reserve Bank Friday lowered its GDP forecast for FY2026-27 to 6.6 per cent from the 6.9 per cent estimated in April, citing elevated energy and other commodity prices as well as continued supply disruptions arising from the conflict in West Asia, which are...