The Indian rupee is depreciating against the US dollar. The dollar index is strengthening. Experts believe the rupee may depreciate to 84.50 against the US dollar. The Reserve Bank of India may intervene if the rupee depreciates beyond this level.…
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Mitsubishi Electric’s subsidiary, Climaveneta, is investing over Rs 400 crore to expand its manufacturing plant in India. The expanded facility will be the country’s largest chiller manufacturing plant, aiming to double annual order intake within five years. The company also…
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While many EM Asian countries have been hard hit, India’s position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.
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Foreign portfolio investors withdrew a near-record $3.1 billion from Indian financial stocks in October, leading to a 6% decline in major indices. This selloff, driven by slowing loan growth and reduced bank margins, contributed to a record $11.2 billion overall…
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Swiggy CEO Rohit Kapoor expressed confidence in the company’s growth within the quick commerce market despite increasing competition. He emphasized that success in this sector requires more than just capital, citing Swiggy’s deep understanding of the Indian consumer and agile…
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The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump’s policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign…
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