The Indian Rupee is likely to weaken further to 88.5 per U.S. dollar following the imposition of fresh tariffs by U.S. President Donald Trump, according to a report by ICICI Bank.
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President Trump’s administration is implementing new tariffs on numerous countries, impacting the global economy. While some major trading partners like the EU and Japan have reached agreements, they still face higher duties. Countries without deals, including Canada and India, face…
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ICRA projects affordable housing finance companies’ assets to surge to ₹2.5 lakh crore by FY28, fueled by home loan demand and limited unsecured credit. NBFCs and AHFCs mortgage loans are expected to grow significantly, driven by self-employed borrowers and smaller…
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India’s manufacturing sector gained momentum in July, with the seasonally adjusted HSBC India Manufacturing PMI climbing to 59.1, up from 58.4 in June, marking a 16-month high. The improvement was fuelled by strong growth in new orders and output, supported…
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Securities and Exchange Board of India, Sebi, suggested revisions for big Initial Public Offerings. The proposal includes increasing the allocation limit for institutional buyers. It also suggests reducing the share reserved for retail investors. For IPOs exceeding ₹5,000 crore, retail…
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Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged `17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of…
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