India’s GDP grew 7.8% in Q1 FY27, up from a revised 6.9% a year earlier, driven by strong consumption, exports and government capital spending. Growth beat the 7.3% forecast in an Economic Times poll and the RBI’s 7% estimate.
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India’s central bank supported the rupee on Monday after oil prices surged. Rising U.S. interest rate expectations also pressured the Indian currency. The Reserve Bank of India’s intervention helped the rupee recover its value. This sustained presence insulated the rupee…
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India’s Commerce Ministry will meet industry leaders on September 1 regarding trade performance. This meeting precedes Minister Piyush Goyal’s US visit for G-20 talks. Discussions will focus on recent trade trends and sector-wise performance. Negotiations for a bilateral trade agreement…
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Allcargo Terminals announced Pranav Choudhary will be its new Managing Director. He will assume the role effective September 1, succeeding Suresh Kumar Ramiah. Choudhary’s experience will bolster the company’s expansion and customer value proposition. The Founder and Chairman highlighted his…
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Hyundai Capital Services has begun financial operations in India, a significant automotive market. The company obtained a Non-banking Financial Company license from the Reserve Bank of India. Initially, Hyundai Capital India will focus on wholesale financing for local automotive dealers.…
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India’s central bank supported the rupee on Monday after oil prices surged. Rising expectations of a US interest-rate hike also pressured the local currency. The Reserve Bank of India’s intervention helped the rupee recover from its lows. This sustained presence…
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