The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.
The Indian rupee depreciated by 52 paise to settle at 93.35 against the US dollar, driven by failed US-Iran peace talks, surging crude oil prices due to a potential US blockade of Iranian ports, and a global flight to the greenback. This geopolitical uncertainty is also leading to foreign capital withdrawal from domestic equities.
Indian equity benchmark indices Sensex and Nifty surged significantly in early trade, mirroring a global market rally and a drop in crude oil prices below USD 100 per barrel, driven by renewed hopes of diplomatic engagement between the US and Iran.
Aviation stocks experienced a significant surge following the announcement of a two-week ceasefire between the US and Iran, which led to a sharp decline in crude oil prices. This development has positively impacted stock markets and the broader economic outlook for India.
The scholarships are expected to support both merit- and need-based categories, including students from non-metro regions and those enrolling in high-demand disciplines such as AI and other STEM fields.
The Indian rupee appreciated by 23 paise to settle at 92.91 against the US dollar, driven by a weakening American currency, retreating crude oil prices, and renewed foreign institutional investor (FII) inflows amid increasing hopes of easing geopolitical tensions.
Despite ongoing tensions in West Asia, the successful arrival of the LPG carrier 'Nanda Devi' in Gujarat ensures a steady supply of liquefied petroleum gas to India, highlighting the country's efforts to secure its energy needs.
Defending champions India U20 will face Bhutan in the semi-finals of the SAFF U20 Championship, while Nepal will play Bangladesh in the other semi-final. India topped Group B after a win against Pakistan and a draw against Bangladesh. Coach Mahesh Gawli has praised his players' performance but stressed the need for more clinical finishing and defensive focus.
The Congress party in Haryana boycotted a special session of the state assembly, accusing the ruling BJP of using the platform for political propaganda related to a defeated Constitution amendment bill on women's reservation. The BJP criticised the Congress's move as anti-women.
India has launched its first repository of data on major psychiatric disorders, CALM-Brain, in Bengaluru. This initiative aims to systematically document details of patients with mental illness to improve diagnosis and treatment.
BJP's Panihati candidate Ratna Debnath faced protests by TMC workers when she visited a booth in the assembly constituency in West Bengal's North 24 Parganas district where polling was underway. She also accused the ruling party activists of preventing her from leaving the booth premises, following an altercation with them over an allegation of influencing voters.
Elevated global crude oil and natural gas prices, driven by geopolitical developments in West Asia, could significantly influence the Government of India's fiscal position for 2026-27, according to a report by ratings agency Icra.
Between now and 2030, four new models will be designed and assembled in India, including 100 per cent electric and full-hybrid cars.
Several incidents of post-poll violence have been reported across West Bengal, with tension escalating in various districts following the recent assembly elections. Clashes between political party supporters have led to injuries, arrests, and heightened security measures.
BMW India has outpaced rival Mercedes-Benz India in luxury car registrations for the first quarter of calendar year 2026, driven by new product launches and a growing electric vehicle segment, even as the overall luxury car market remains largely flat.
The Indian government has launched the Urban Challenge Fund (UCF) with a total outlay of Rs 1 lakh crore, aiming to leverage private and market finance for urban infrastructure projects by providing state support in capacity building and credit guarantees.
Industry experts and the India Energy Storage Alliance (IESA) advocate for a unified framework to address the significant supply gap in domestic cell manufacturing, crucial for enhancing India's energy storage capabilities and reducing reliance on imports.
India contributes roughly 10 per cent of Samsung Electronics' global revenue and hosts over 10,000 engineers across its R&D centres.
Indian equities on Dalal Street saw volatility as global market trends and oil price hike impacted investor sentiment. Track Sensex, Nifty50 movement and key market drivers for Apr 23, 2026.
'We want to become India's topmost integrated studio, working in different languages.'
Major Indian banks, including Axis Bank, HDFC Bank, and RBL Bank, have reported a decline in employee headcount in FY26, attributing the reductions to significant investments in technology and automation yielding productivity gains across operations.
West Bengal Governor RN Ravi has called for collective efforts to restore the state's past glory, highlighting concerns over economic and educational indicators. His remarks coincided with Chief Minister Mamata Banerjee criticising him for allegedly 'abusing' her instead of extending New Year greetings.
Bihar MP Rajesh Ranjan, also known as Pappu Yadav, has faced criticism for his controversial remarks regarding women's reservation in Parliament, with his comments sparking outrage and prompting a notice from the Bihar Women's Commission.
West Bengal Chief Minister Mamata Banerjee has criticised Prime Minister Narendra Modi, accusing him of spreading falsehoods and offering no relief to the poor through his speeches. She made these remarks at a rally in Bhangar, South 24 Parganas district, ahead of Modi's address to the nation.
Prime Minister Narendra Modi has accused opposition parties of obstructing the passage of the women's reservation bill in Parliament, alleging they have crushed the dreams of women and prioritised selfish politics over national progress.
A new report indicates that India's textile recycling market is projected to reach USD 3.5 billion by 2030, potentially creating one lakh green jobs. The report highlights the current state of textile waste management and opportunities for circularity in the Indian textile industry.
While the introduction of branded generics is likely to accelerate volumes for GLP-1 agonists, value growth may moderate because of price erosion.
The Tecno Spark 50 5G is priced from 16,999 for the 4 GB RAM with 128GB storage version, whereas the 6 GB RAM and 128 GB variant costs 18,999. Sales kick off on 3April through both digital platforms and physical stores, with interest-free EMI plans available for up to eight months.
Base revisions are technical exercises, but history shows they can significantly reshape the narrative around India's growth performance.
India's auto retail sector achieved record-breaking sales of 2,96,71,064 units in FY26, a 13.3% increase, primarily driven by the implementation of GST 2.0 which reduced the tax burden on mass-segment vehicles, according to the Federation of Automobile Dealers Associations (FADA).
Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.
Indian benchmark indices Sensex and Nifty surged over 1 per cent, with the Sensex jumping 918.60 points, driven by strong buying in banking and financial counters and a positive trend in global equities, fuelled by hopes of easing West Asia tensions.
A new western disturbance brought thunderstorms and rain to parts of northern India, with hailstorms and snow reported in several regions. The weather caused flooding in Jammu and Kashmir and prompted a yellow alert in Delhi.
Despite initial pressure from the West Asia conflict, analysts are optimistic about the Indian hospital sector's outlook, citing strong demand drivers and ongoing expansion plans that are expected to fuel significant revenue growth over the next few years.
From leafy greens to popular fruits, testing has shown varying levels of pesticide residues, raising concerns about routine exposure. Simple steps like washing, soaking, peeling and careful handling can help reduce potential risks.
A new report by Google and Deloitte projects India's e-commerce market will nearly triple to USD 250 billion by 2030, driven by Gen Z shoppers, quick commerce expansion, and AI.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
The Vanniyar vote can tip the balance in 70 to 75 assembly constituencies of the 234 in the state, mainly in the Ranipet, Vellore, Thiruppathur, Krishnagiri, Dharmapuri, Tiruvannamalai, Arani, Villupuram and Kallakurichi districts.
West Bengal Chief Minister Mamata Banerjee criticised Prime Minister Narendra Modi's purchase of 'jhalmuri' during a campaign stop, alleging it was a staged event for cameras. She also accused the BJP of aiding Independents from the minority community and criticised the Election Commission over voter roll revisions.
'It is a tradeoff between convenience and fraud prevention.'
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