RBI may prioritise closing dollar shorts with FCNR(B) inflow
The central bank may prioritise closing its $137 billion open short forward dollar positions , with the FCNR(B) deposits received , according to experts and industry...
Economy
Japanese credit rating agency JCR upgrades India to A-, Finance Ministry welcomes move
The Japan Credit Rating Agency (JCR) has upgraded India’s credit rating by one notch from BBB+’ to ‘A-, it announced on Wednesday, on the back of...
RBI’s forex swap facility draws over $136 billion; more than $127 billion mobilised via FCNR (B) deposits
The foreign exchange inflows — via via Foreign Currency Non-Resident (Bank) FCNR (B) Deposits, Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs) — under Reserve Bank of...
India’s data centre boom is colliding with its climate reality
⚡ Key Highlights & Quick Takeaways India is in the middle of a data centre gold rush. Global tech giants — Google, Meta, Amazon, Microsoft —...
Commercial LPG prices hiked by around ₹10 per cylinder, aviation fuel by ₹6.28/litre
⚡ Key Highlights & Quick Takeaways In Mumbai, they cost ₹2,701 per cylinder following a similar hike. In Mumbai, they cost ₹2,701 per cylinder following a ₹9.5...
India’s CAD widens to $4.2 billion in Q1FY27
India’s current account deficit (CAD) widened to $4.2 billion, or 0.5% of GDP, in the first quarter of 2026-27, compared with $3.4 billion, or 0.4% of...
GST revenue grows 14.8% in August 2026 to nearly ₹2 lakh crore
India’s Gross Goods and Services Tax (GST) collections grew nearly 15% to about ₹2 lakh crore in August 2026, official data released on Tuesday (September 1,...
Tax cuts for FIIs would be ‘asking govt to fund their under-performance’: Elara Capital MD & CEO
⚡ Key Highlights & Quick Takeaways Kumar said that pushing for tax cuts for FIIs is “asking the government to fund their underperformance”.“The FII amount is...
Eco-Friendly Innovations Drive Growth: Mushroom Materials Market
Mycelium-based or mushroom materials are environmentally friendly substitutes for conventional polymers. These biodegradable polymers, which are derived from mushroom roots (mycelium), may be formed into a...