Rupee weakens against US dollar on Tuesday

Indian rupee weakened against the US dollar on Tuesday tracking muted domestic equities and rising crude oil prices, even as S&P Global Ratings maintained India's growth forecast at 6.8% and expected the Reserve Bank of India (RBI) might cut interest rates in October. However, some falls were limited by foreign fund inflows into Indian capital … Read more

S&P Global Ratings retains India`s GDP growth at 6.8 pc for FY25, cuts China`s forecast

 S&P Global Ratings on Tuesday retained India's growth forecast at 6.8 per cent for the fiscal 2024-25, while reducing China's economic growth by 0.2 per cent to 4.6 per cent in the calendar year 2024.  In its quarterly economic outlook for the Asia-Pacific region, the global rating agency said, "In India, GDP growth moderated in … Read more

Adani Energy, Adani Green join Utilities for Net Zero Alliance to aid India`s Net Zero goal

Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions.  AGEL in the renewable energy sector and AESL in transmission and distribution … Read more

Indian firms now hiring global talent in AI to expand into new markets

As Indian firms embrace artificial intelligence (AI) to redefine operations, they are increasingly recognising the benefits of hiring global talent to expand into new geographies, a report showed on Tuesday.  About 88 per cent of organisations are open to global hiring which includes 96 per cent among C-suite roles, 98 per cent among seed/start-up businesses … Read more

India`s organised retail apparel sector to clock 8-10 pc growth this fiscal

The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday.  Retailers in the country are adjusting business strategies, enhancing supply chain … Read more

India-UAE bilateral trade set to surpass $100 billion target before 2030

 The bilateral trade between India and the United Arab Emirates (UAE) is on track to surpass the $100 billion target well before 2030, underscored by a notable 12.7 per cent (year-on-year) increase, according to a report on Tuesday.  The UAE remains India's third-largest trading partner and second-largest export destination (FY2022-23). According to a report by … Read more