NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as of 10 January, according to data from the Reserve Bank of India (RBI). This marks a decline of $8.72 billion against the previous week, continuing the slump from the all-time high of $704.89 billion…
NEW DELHI: A recent survey conducted by the Confederation of Indian Industry (CII) reveals an optimistic outlook for the Indian economy, with 75 per cent of the companies believing the present environment is conducive to private investments. This positive sentiment persists despite continuous challenges posed by geopolitical uncertainties and disrupted supply chains. With 70 per…
India’s current economic environment is conducive for private investments with the country emerging as a “bright spot” amid the challenging global environment, according to a CII survey. The pan-India survey is an ongoing initiative, which would be completed for 500 firms by the first week of February. The interim results are based on a sample…
Last Updated:January 19, 2025, 09:55 IST An individual can invest a certain amount of money at a predefined interest rate for a predetermined period of time, which can range from seven days to 10 years, using a fixed deposit (FD). Customers should compare the FD interest rates that various banks are offering for the appropriate…
HYDERABAD: Electric bus manufacturer Olectra Greentech Limited (OGL), part of Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL), on Saturday rolled out its new e-bus models equipped with the innovative blade battery technology at the ongoing Bharat Mobility Global Expo 2025 in New Delhi.The company showcased its new blade battery chassis, a redesigned 12-metre blade battery…
The Indian mobility industry is projected to surpass $600 billion by 2030, according to the Think Mobility report released by Google and Boston Consulting Group (BCG) at the Bharat Mobility Auto Expo.The report highlights India’s unique trajectory in the mobility sector, with traditional and emerging revenue streams shaping a departure from global trends.The report reveals…
NEW DELHI: Commerce and industry minister Piyush Goyal will hold discussions in Brussels with Commissioner of European Commission for Trade and Economic Security Maros Sefcovic from Jan 18-20 on the proposed free trade agreement between the two. Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay…
BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on…
BENGALURU: Wipro’s revenue dropped 0.7% year-on-year in constant currency in the Dec quarter, while it grew 0.1% sequentially, coming at the upper end of the guidance. It forecast a sequential revenue growth of -2% to 0% in constant currency in the Dec quarter. “2024 was marked by macro-economic challenges. 2025 looks more hopeful and resilient….
MUMBAI: The country is poised for an economic rebound, driven by a resurgence in domestic demand and strong agricultural prospects, and the time is ripe to take steps to rekindle demand and investment, RBI’s latest ‘state of the economy’ report said. The report has been released less than a fortnight before the Budget amid growing…
