In a recent address to business leaders from India and Japan, Union Minister Piyush Goyal highlighted India’s robust domestic market and its increasing integration into the global economy. He noted that India has actively pursued international trade relations, having signed
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State-supported energy companies are actively participating in the spot liquefied natural gas (LNG) market, resulting in increased pricing. This strategic move comes as the government aims to provide assistance to fertilizer manufacturers that rely on natural gas for their production
SoftBank Divests Stake in Lenskart for ₹2,888 Crore SoftBank Group Corp., the Japanese multinational holding company, has sold a 2.6% stake in Indian eyewear retailer Lenskart, amounting to a total value of ₹2,888 crore (approximately $347 million). The sale was
Representatives from Indias sugar industry have stated that the domestic market is currently not facing any sugar shortages. The recent rise in retail sugar prices has been linked to speculation surrounding stockpiling and adverse weather conditions that have affected production
Irans currency, the rial, has hit an all-time low in response to anticipated new economic sanctions from the United States. This decline follows a series of existing restrictions and a naval blockade that have significantly strained Irans economy. Despite the
India’s Unified Payments Interface (UPI) is currently processing approximately 660 million transactions per day, showcasing its significant impact on the nation’s financial landscape. Since its introduction in 2016, UPI has experienced remarkable growth, with its transaction volume increasing by an
On Monday, the yield on the 10-year U.S. Treasury note declined to 4.70%, down from 4.74% recorded at the market close on Friday. This decrease brought the yield back below the level observed late last Tuesday, prior to the U.S.
Infosys Limited announced a consolidated net profit of ₹7,769 crore for the April-June quarter, reflecting a 12% increase compared to the same period last year. Despite this growth in profit, the company has revised its revenue growth guidance for the
The Trump administration announced on Monday its implementation of new sanctions aimed at significantly cutting off Irans revenue streams. The sanctions are part of a broader strategy to pressure the Iranian government, particularly in response to its nuclear program and
