News for 'Dollar'

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

2.56 Lakh Crore: Why FIIs Are Selling Indian Stocks

Rediff.com31 Jan 2025

'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

Rediff.com1 Jan 2025

The liquidity deficit in the banking system crossed Rs 2 trillion again on Monday, despite the second instalment of cash reserve ratio (CRR) reduction coming into effect from December 28.

Sensex May Hit 105,000 by Dec 2025

Sensex May Hit 105,000 by Dec 2025

Rediff.com12 Mar 2025

The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.

Goyal's Comment Sparks Startup Uproar

Goyal's Comment Sparks Startup Uproar

Rediff.com5 Apr 2025

'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

Rediff.com14 Jan 2025

In the shadows of a sliding rupee, India's knitwear hub Tiruppur is weaving a success story. While the domestic currency edges closer to the 86 mark against the US dollar, triggering concerns for many sectors, this textile town in Tamil Nadu is finding opportunity in adversity: Between April and December alone, Tiruppur's exports reached Rs 26,000 crore, almost eclipsing last financial year's total of Rs 30,690 crore.

'I Want To Forget The Horror Of This War'

'I Want To Forget The Horror Of This War'

Rediff.com22 Apr 2025

'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'

How Weak Rupee Affects Your Travel Plans

How Weak Rupee Affects Your Travel Plans

Rediff.com22 Jan 2025

Many travellers are now opting for domestic destinations like Goa, Kerala, Rajasthan, Lakshadweep, Himachal Pradesh, and the North East.

What 'Trump's Gaza' will look like after US takeover

What 'Trump's Gaza' will look like after US takeover

Rediff.com26 Feb 2025

US President Donald Trump has shared an AI-generated video on social media depicting a war-torn Gaza transformed into a luxurious riviera town, featuring himself vacationing with Israeli Prime Minister Benjamin Netanyahu. The video, which has gone viral, has sparked widespread criticism and backlash, with many users expressing their disgust and disappointment. The video, set to a catchy song, showcases a utopian vision of Gaza with luxurious amenities, including SpaceX CEO Elon Musk enjoying meals in the new town, belly dancers, party scenes, and luxurious cars. The video also portrays Trump and Netanyahu enjoying the beach, while children chase after falling dollars. The post has been met with outrage, with many users stating that they voted for Trump to focus on the American economy, not for this type of project. Others criticized the lack of respect and seriousness in the video. Trump recently announced that the US will take over the Gaza Strip, own it, and undertake economic development to create jobs and housing. He envisions a diverse population, including Palestinians, living in the rebuilt Gaza Strip, which has been met with rejection from key Arab allies like Egypt, Jordan, and Saudi Arabia.

Trump Announces F-35 Jet Deal, Billions in Military Sales To India

Trump Announces F-35 Jet Deal, Billions in Military Sales To India

Rediff.com14 Feb 2025

India and the United States have agreed to deepen their strategic partnership in several key areas, with President Donald Trump announcing plans to provide India with F-35 fighter jets and billions of dollars in military supplies. The two leaders also discussed energy cooperation, critical technologies, connectivity, and countering terrorism. They agreed to work together on the India-Middle East-Europe Economic Corridor, and Trump noted India's reforms to welcome US nuclear technologies. Prime Minister Modi said the two countries can shape a better world through their cooperation. Both leaders also addressed the Russia-Ukraine conflict, with Modi stressing India's commitment to peace.

Gold Hits Rs 90K, Jewellery Demand Takes A Hit

Gold Hits Rs 90K, Jewellery Demand Takes A Hit

Rediff.com17 Mar 2025

The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.

'Consumers should not pay higher taxes for clean technologies'

'Consumers should not pay higher taxes for clean technologies'

Rediff.com7 Apr 2025

'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'

'We Are Fixated By White Skin In India'

'We Are Fixated By White Skin In India'

Rediff.com3 Apr 2025

'Not just women, but even men are judged by the colour of their skin and have to fight prejudice every day.'

Elon Musk-led DOGE cancels aid for 'voter turnout in India'

Elon Musk-led DOGE cancels aid for 'voter turnout in India'

Rediff.com16 Feb 2025

The United States Department of Government Efficiency (DOGE), led by Elon Musk has announced cancelling a $22 million funding intended for 'voter turnout in India' on Saturday (Local Time).

IT stocks bleed: Nifty IT at 9-mth low

IT stocks bleed: Nifty IT at 9-mth low

Rediff.com13 Mar 2025

Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.

Now, Trump says $21 million went to 'my friend Modi' for voter turnout

Now, Trump says $21 million went to 'my friend Modi' for voter turnout

Rediff.com22 Feb 2025

United States President Donald Trump for the fourth time in recent days claimed that the Biden administration allocated $21 million funding to India for 'voter turnout', evoking a sharp response from the Congress which urged Prime Minister Narendra Modi to 'talk to his friend' and strongly refute the allegation.

India's forex reserves decline by $1.88 bn to $623.98 bn

India's forex reserves decline by $1.88 bn to $623.98 bn

Rediff.com24 Jan 2025

India's forex reserves dropped by $1.88 billion to $623.98 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by $8.71 billion to $625.87 billion in the week ended January 10, the Reserve Bank of India said.

Kharge's 'thousands' killed in Kumbh stampede remark sparks row in Parl

Kharge's 'thousands' killed in Kumbh stampede remark sparks row in Parl

Rediff.com3 Feb 2025

RS Chairman Dhankhar called Kharge making the claim a "very sad moment" and asked him to withdraw his statement, the Leader of Opposition insisted the government give the correct figures and continued with his speech.

Million Dollar Starc Justifies Price Tag

Million Dollar Starc Justifies Price Tag

Rediff.com27 May 2024

Mitchell Starc, the costliest cricketer in IPL history -- with a $2.98 million price tag -- was named Player of the Match after taking 2 for 14, including bowling SRH opener Abhishek Sharma with an unplayable delivery that pundits judged the tournament's best ball.

Why Sensex And Nifty Are Falling

Why Sensex And Nifty Are Falling

Rediff.com6 Jan 2025

'Retail investors have to stick to their asset allocation plans and continuously do portfolio reviews.'

Rupee Declines. Add Gold To Portfolio

Rupee Declines. Add Gold To Portfolio

Rediff.com4 Dec 2024

New investors should gradually build a 5 to 10 per cent allocation to gold.

Did US meddle in Indian elections? Trump drops big hint

Did US meddle in Indian elections? Trump drops big hint

Rediff.com20 Feb 2025

Trump further pointed out India's strong economic position and high tariffs on US goods, stating, "They got a lot of money. They're one of the highest taxing countries in the world in terms of us. We can hardly get in there because their tariffs are so high."

India has lower exposure to US tariffs than APAC peers: Moody's

India has lower exposure to US tariffs than APAC peers: Moody's

Rediff.com25 Feb 2025

Moody's Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market.

Rest In Peace, Voice Of America

Rest In Peace, Voice Of America

Rediff.com4 Apr 2025

What despots and dictators, jammers and competitors, had not managed to do in 83 years -- what the Soviet Union had failed to counter during the Cold War; what China had failed to crush during the Tiananmen Square uprising -- a US President had succeeded with his own hand, notes Krishna Prasad.

India to be 3rd largest economy by 2028: Morgan Stanley

India to be 3rd largest economy by 2028: Morgan Stanley

Rediff.com13 Mar 2025

India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.

Review: Dupahiya Is Lotsa Fun

Review: Dupahiya Is Lotsa Fun

Rediff.com7 Mar 2025

Such a collection of amiable characters were last seen in Panchayat. There are greedy dowry seekers, criminals, misogynists and the like, but the collective goodness of the others keep violence and male chauvinism in check, notes Deepa Gahlot.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com22 Dec 2024

Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.

ChatGPT Vs DeepSeek: The Plot Thickens

ChatGPT Vs DeepSeek: The Plot Thickens

Rediff.com18 Feb 2025

The tech community, which was getting ready to use the ChatGPT fever and raise unlimited capital for their businesses, is going to face tougher obstacles now, predicts Ajit Balakrishnan.

Rs 50K cr shares to unlock soon; sellers may sweat

Rs 50K cr shares to unlock soon; sellers may sweat

Rediff.com25 Feb 2025

Shares worth over Rs 50,000 crore (or approximately $6 billion) are set to become freely tradable between now and April 10. Historically, such substantial volumes have been absorbed by a buoyant block-deal market.

Will Renuka Shahane Enter Politics?

Will Renuka Shahane Enter Politics?

Rediff.com3 Apr 2025

'On the governmental level, we are saying all the right things, like beti bachao, beti padhao. Yet, a High Court judge in Prayagraj, who is highly educated, has studied the Constitution and its laws, says breaking the naada of a pyjama or touching the breasts of a minor girl is not part of the reform process. Just giving lip service is not enough, the general mindset has to change.'

Adani baiter Hindenburg Research shuts down

Adani baiter Hindenburg Research shuts down

Rediff.com16 Jan 2025

The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.

Adani issue national matter, not personal: Rahul Gandhi

Adani issue national matter, not personal: Rahul Gandhi

Rediff.com21 Feb 2025

Congress leader Rahul Gandhi criticized Prime Minister Narendra Modi for his response to questions about the Adani Group controversy during his US visit. Gandhi alleged that Modi downplayed the issue as a 'personal matter' and did not raise it with US President Donald Trump. Gandhi argued that the controversy is a 'matter of the country' and should not be ignored by the Prime Minister.

Indian markets can rise 15% in a year: Chris Wood

Indian markets can rise 15% in a year: Chris Wood

Rediff.com28 Feb 2025

India's stock markets corrected recently but foreign money is likely to chase China rather than India in the short-to-medium term, said Chris Wood, global head of equity strategy at Jefferies, on Thursday. Wood told the Business Standard Manthan Summit in New Delhi he is bullish about Indian equities from a long-term perspective, but for the short term he is cautious given the quantum of foreign investor (FII) outflows and valuation woes.

How the markets will fare this week

How the markets will fare this week

Rediff.com9 Feb 2025

Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets.

DeepSeek: China's AI Guerilla War On US

DeepSeek: China's AI Guerilla War On US

Rediff.com6 Feb 2025

DeepSeek is a case in point on how economic interdependence between nations are utilised for geopolitical ambitions and global domination efforts, observes China expert Srikanth Kondapalli.

India's forex reserves drop by $8.71 bn to $625.87 bn

India's forex reserves drop by $8.71 bn to $625.87 bn

Rediff.com17 Jan 2025

India's forex reserves dropped by $8.71 billion to $625.87 billion in the week ended January 10, the RBI said on Friday. Earlier, the overall kitty dropped by $5.693 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said.

'India can emerge as key player in global supply chain'

'India can emerge as key player in global supply chain'

Rediff.com15 Feb 2025

'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'

Why Microsoft plans to invest $3 bn in India

Why Microsoft plans to invest $3 bn in India

Rediff.com7 Jan 2025

IT major Microsoft will invest $3 billion in India for the expansion of cloud and AI infrastructure in the country, the company's chairman and CEO Satya Nadella said on Tuesday. There is a fantastic momentum in India where people are pushing for a multi-agent kind of deployment.

Why Nifty tanked over 14% from its record peak

Why Nifty tanked over 14% from its record peak

Rediff.com26 Feb 2025

Equity benchmark indices are facing massive corrections, with the NSE Nifty declining over 14 per cent from its lifetime high hit in September last year due to several negative triggers like stretched valuations, foreign fund exodus, disappointing quarterly earnings and rising global trade tensions dragging markets lower. The BSE benchmark Sensex hit its record peak of 85,978.25 on September 27 last year, and the Nifty also reached a lifetime high of 26,277.35 on the same day.

'MRF is now world's 11th largest tyre company'

'MRF is now world's 11th largest tyre company'

Rediff.com31 Jan 2025

'The favourable rupee-dollar exchange rate, there are opportunities we can tap.'

Trump posts 'reciprocal tariffs' ahead of meeting with Modi

Trump posts 'reciprocal tariffs' ahead of meeting with Modi

Rediff.com13 Feb 2025

US President Donald Trump said on Thursday that a news conference on reciprocal tariffs will be made later on Thursday.