While many parts of India swelter under summer heatwaves, hopes for the Reserve Bank of India (RBI) slashing key interest rates have cooled off as well. The scorching conditions across the nation are likely to push up food prices, as per a recent report by the Bank of Baroda, underscoring the pivotal role of the upcoming monsoon season. The Indian Meteorological Department (IMD) has forecasted an above-normal monsoon for the year, crucial for the agriculture sector, especially for crops reliant

India, forex reserves, Reserve Bank of India, economy, foreign currency assets, gold reserves, Special Drawing Rights, International Monetary Fund, rupee, market stability India's foreign exchange reserves saw a healthy boost, climbing by USD3.66 billion to hit USD641.59 billion by May 3, rebounding from a recent slump. The Reserve Bank of India's latest data, released on Friday, revealed this positive trend. Earlier, there had been a decline in forex reserves by USD2.41 billion to USD63

According to a leading consultancy firm, the Reserve Bank of India's (RBI) potential changes to project financing could increase borrowing costs for renewable energy projects in India by up to 1 percentage point. This could lead to a rise in prices for wind and solar power in the country. The draft proposal from the RBI suggests that lenders will be required to allocate up to 5% of the capital they lend to infrastructure projects under construction. This is a significant increase from the cu

In an update shared on social media platform X, Finance Minister Nirmala Sitharaman highlighted the thriving state of state-run companies under Prime Minister Narendra Modi's guidance. She emphasized the government's emphasis on capital spending and infrastructure development as key factors behind the significant growth in these companies' stock performance. Sitharaman noted a substantial rise in the share prices of public sector undertakings (PSUs) over the past three years, attribu

Tesla is stepping up its job cuts in China as it grapples with a slowdown in sales, sources familiar with the matter revealed. The electric car giant initiated further layoffs earlier this week, building on reductions made in mid-April as part of its plan to trim global staff by over 10%. The latest round of cuts impacts various departments at Tesla's Shanghai facility, which produces more than half of the company's global output, including customer service, engineering, production, and

Adani Green, Sri Lanka, wind power, renewable energy, Gautam Adani, investment, partnership, stock market Adani Green, the renewable energy arm of Indian tycoon Gautam Adani's empire, has struck a deal with the Sri Lankan government to set up wind power stations in the island nation. The agreement, approved by Sri Lanka's government on Tuesday, paves the way for Adani Green Energy to establish wind power facilities in Mannar and Poonerin, Sri Lanka. To assess the project proposal submitt

Embassy Office Parks REIT is gearing up for a substantial investment of Rs 3,800 crore over the next four years to finalize the construction of 61 lakh square feet of office space. As the demand for high-quality workspaces remains robust, the REIT, marking its position as India's first publicly listed Real Estate Investment Trust, aims to bolster its rental portfolio. Currently boasting 36.5 million square feet of completed office spaces across Bengaluru, Mumbai, Pune, and Delhi-NCR, the com