[ad_1] New Delhi: Abound, the financial super-app designed for Indians in the US, has raised $14 million in seed funding to accelerate its goal of creating a seamless financial bridge between the non-resident Indians (NRIs) and India.Led by NEAR Foundation, with participation from Circle Ventures, Times Internet and others, this round marks Abound’s first external…
[ad_1] Mumbai: For investors on Dalal Street, financial year 2025 was a tale of two halves.During the first half, till Sept, the sensex and Nifty were sprinting away and it looked difficult to stop them. But the sudden end to the rally began in Oct, as foreign funds started pulling out money from Indian stocks,…
[ad_1] Mumbai: India’s current account deficit (CAD) slightly widened to $11.5 billion, or 1.1% of GDP, in Q3 FY2025 from $10.4 billion (1.1% of GDP) a year earlier. However, it moderated from $16.7 billion, or 1.8% of GDP, in Q2 FY2025. The merchandise trade deficit rose to $79.2 billion in Q3 FY2025 from $71.6 billion…
[ad_1] Mumbai: The Reserve Bank of India (RBI) Friday raised by ₹2 the ceiling on the fee lenders can charge customers for ATM cash withdrawals to Rs 23. This maximum fee is applicable from May 1.“Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction,” the RBI said…
[ad_1] New Delhi: The output of eight key infrastructure sectors slowed down to a five-month low of 2.9% in Feb as against 7.1% growth registered a year ago, according to official data released on Friday. On monthly basis, the production growth of the core sectors was lower than 5.1% expansion recorded in Jan.The previous low…
[ad_1] File photo – Piyush Goyal Commerce and Industry Minister Piyush Goyal announced on Saturday that a German chemical company will invest USD 1.5 billion in India, with a state already having identified land for the project. While the minister did not disclose the name of the company or the state involved, he mentioned that…
[ad_1] Foreign Institutional Investors (FIIs) were net sellers in FY2025, offloading domestic equities worth Rs 1,27,401 crore. However, the intensity of selling eased considerably in March, with FIIs selling shares worth Rs 3,972.61 crore. Meanwhile, Domestic Institutional Investors (DIIs) remained consistent buyers throughout the year, purchasing stocks worth Rs 6,06,368 crore, with March seeing buying…
[ad_1] India US talks (Photo-IANS) India and the United States have decided to hold sector-specific talks in the coming weeks to finalize the structure of the proposed bilateral trade agreement (BTA). This decision comes after four days of discussions between senior officials from both countries, which concluded on Saturday. The talks take place in the…
[ad_1] File photo- Pralhad Joshi Union Minister for New and Renewable Energy, Pralhad Joshi, announced on Saturday that India’s solar photovoltaic (PV) module manufacturing capacity will grow from 80 gigawatts (GW) to 125 GW by 2030. The country’s solar cell manufacturing capacity is also expected to rise from 25 GW to 40 GW soon. The…
[ad_1] Global brokerage firm Goldman Sachs has reduced its price targets on Indian IT stocks by 3% to 32%, citing lower revenue growth forecasts driven by macroeconomic uncertainty in the US. According to an ET report, the brokerage noted that the US accounts for around 60% of India’s IT revenues, and the downgrade in GDP…
