Indian Business

The ministry of Housing and Urban Affairs on Tuesday issued a detailed advisory to repurpose the Special Purpose Vehicles (SPVs) created under the Smart Cities Mission, aiming to leverage their institutional capacity for long-term urban transformation even after the scheme’s closure on March 31. The advisory encourages states and Union Territories to identify pressing urban…

Both countries have agreed to maintain negotiations to swiftly conclude the first phase of the BTA. (AI image) India-US trade deal soon? During week-long discussions on the proposed bilateral trade agreement, Indian and American teams deliberated on various aspects including market access, digital commerce, and customs facilitation procedures.To progress towards finalising a comprehensive BTA, a…

The United States has been unsuccessful for over ten years in establishing an alternative source to China’s provision of specific rare earth materials. (AI image) China’s monopoly and stringent control on rare earth minerals is causing a major military problem for the US, and it doesn’t seem that this vulnerability is going to be addressed…

The Indian rupee appreciated by 9 paise to settle at 85.57 against the US dollar on Monday, buoyed by strong foreign institutional investor (FII) inflows. Further gains were capped by rising global crude oil prices, a stronger US dollar, and mixed cues from domestic equities, forex traders said.At the interbank foreign exchange, the local currency…

Global growth will slow sharply this year as trade disruptions triggered by sweeping US tariffs increase uncertainty and fragment markets, the World Bank warned in its latest economic outlook released Tuesday.The multilateral lender cut its 2025 global GDP growth forecast to 2.3%, down from the 2.7% estimated in January, citing a weakening trade environment and…

Investors are watching China-US trade talks in London that could have a huge impact on the global economy as early trading on Wall Street was mostly flat.The S&P 500 edged up 0.1% in early trading Tuesday. The Dow Jones Industrial Average was flat and the Nasdaq composite rose 0.2%. Stocks have roared higher since dropping…

Corporate India is expected to maintain a steady pace of hiring during the July–September 2025 quarter, with strong employer confidence in sectors such as IT, energy, and financial services helping offset global trade headwinds, according to the ManpowerGroup Employment Outlook Survey released on Tuesday.The report pegs India’s Net Employment Outlook (NEO) at 42%, the second…

The sovereign green bonds (SGrBs) worth Rs 5000 crore will be re-issued as part of the upcoming government securities (G-Secs) auction scheduled for June 13, 2025, the Central bank RBI announced the re-issue ofThe total notified amount for sale is Rs 30,000 crore, which includes Rs 5,000 crore of 6.98 per cent SGrBs maturing in…

HDFC Bank, one of India’s leading private sector lenders, has revised interest rates on its fixed deposits (FDs) and savings accounts following the Reserve Bank of India’s (RBI) recent move to cut the repo rate by 50 basis points—from 6% to 5.5%.The bank has reduced FD rates by up to 25 basis points across select…

With no tax benefit available, the home loan should be prepaid as soon as possible. (AI image) The 50 basis point repo rate cut by the RBI has raised hopes that home loan rates will also come down. In the past three months, the RBI has trimmed its key repo rate by 100 basis points,…