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Economy / IBTimes

India's forex, money markets have doubled in last 4 years: RBI Governor

India's financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnight money markets surging from about Rs 3 lakh crore to over Rs 5.4 lakh in this four-year period, according to RBI Governor Sanjay Malhotra.

20 Apr 2025 7:44 pm
Payments via mobile phones clocked 41 pc jump in July-Dec 2024

Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024.

11 Apr 2025 11:44 am
Adani's Vizhinjam Port welcomes arrival of largest-ever container ship in Indian waters

In a landmark event for India's maritime industry, Vizhinjam International Seaport, developed and operated by Adani Ports and SEZ Ltd, on Wednesday received MSC Turkiye, one of the world's largest and most sustainable container vessels.

9 Apr 2025 7:41 pm
South Korea's Presidential Election: Crossroads of Politics and Economy

South Korea is set to hold a snap presidential election on June 3, 2025, following the impeachment and removal of President Yoon Suk Yeol. This election, prompted by Yoon's brief declaration of martial law in December 2024, marks a pivotal moment in South Korea's political landscape.

9 Apr 2025 1:57 pm
India poised to lead South Asia in AI adoption with 1.25 mn professionals: Report

India is emerging as a leader in artificial intelligence (AI) adoption in South Asia, with a talent pool of 1.25 million professionals in the emerging technology, a report said on Thursday.

3 Apr 2025 7:40 pm
PM Modi meets Thai counterpart as India and Thailand set to elevate ties to StrategicPartnership

The reciprocal tariffs imposed by the US will undoubtedly hit all countries but Indian exporters may emerge stronger as rivals, mainly, China faces steeper duties as high as 65 per cent and even beyond.

3 Apr 2025 7:38 pm
NE tea planters' body urge Centre, Assam govt to allow oil palm trees planting in tea gardens

Leading tea planters' body, the North Eastern Tea Association (NETA) on Thursday urged both Central and state governments to extend the National Mission on Edible Oils Oil Palm (NMEO-OP) scheme in the tea estates of Assam for the cultivation of oil palm trees.

3 Apr 2025 7:35 pm
Revised RBI's priority sector lending norms to further boost economy: SBI report

The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.

26 Mar 2025 10:37 am
Global capability centres steer real estate absorption, surpassing pre-Covid level

Driven by the country's skilled talent pool and operational cost advantages, global capability centres (GCCs) are leading real estate absorption in India which have surpassed pre-Covid levels amid a resilient economy.

22 Mar 2025 12:24 pm
Replying to Trump, Democrats warn US friendships fraying, trade war threatening economy

In the customary rebuttal to the President's address to Congress, the Democrats have warned that US friendships with allies are fraying, while the trade war is threatening the economy.

5 Mar 2025 3:34 pm
Telangana BJP MP slaps real estate agent for 'exploiting' poor

BJP MP Eatala Rajender slapped a real estate agent in the Medchal-Malkajgiri district on Tuesday for exploiting the poor people by encroaching on their lands.

21 Jan 2025 6:39 pm
Greatest economist who shaped nation's economy: K'taka Cong pays tributes to ex-PM Singh

The Karnataka Pradesh Congress Committee (KPCC) on Friday paid tributes to former Prime Minister Manmohan Singh at a condolence meeting organised at the CPED grounds in his honour.

27 Dec 2024 4:29 pm