News for 'Economic Times'

Pak gets $1 bn IMF loan despite India's strong objection

Pak gets $1 bn IMF loan despite India's strong objection

Rediff.com10 May 2025

India registered its protest at the board of IMF, which met on Friday to review the EFF lending programme for Pakistan.

'Trump Has No Enemies. He Has No Friends'

'Trump Has No Enemies. He Has No Friends'

Rediff.com17 May 2025

'In the Indian government there are no illusions about the United States reliability or the possibility of having any kind of preferential treatment from Washington when it comes to trade.'

Can MFN Pricing Reshape India-US Pharma Equation?

Can MFN Pricing Reshape India-US Pharma Equation?

Rediff.com5 Jun 2025

US accounts for a large part of revenue for top Indian pharma companies like Gland Pharma (54 percent), Dr Reddy's (53 per cent), and Aurobindo Pharma (48 per cent).

'Scope for a further rate cut in this cycle itself, if...'

'Scope for a further rate cut in this cycle itself, if...'

Rediff.com4 Jul 2025

'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'

Tariffs are integral to Trump's vision for US economy

Tariffs are integral to Trump's vision for US economy

Rediff.com23 Apr 2025

Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional, asserts T T Ram Mohan.

Change of stance to neutral doesn't mean pause on rate cut: Economists

Change of stance to neutral doesn't mean pause on rate cut: Economists

Rediff.com18 Jun 2025

The change in stance to neutral from accommodative in the June monetary policy meeting does not necessarily signal that the Reserve Bank of India's (RBI's) rate setting body - monetary policy committee (MPC) - will go on a prolonged pause on rate cuts going forward, believe experts.

Kerala: The Puzzled Book Of Questions

Kerala: The Puzzled Book Of Questions

Rediff.com11 Jun 2025

Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.

Rupee steady versus dollar, but loses ground against euro, pound in 2025

Rupee steady versus dollar, but loses ground against euro, pound in 2025

Rediff.com19 May 2025

The rupee has held its ground against the US dollar in the 2025 calendar year so far, but depreciated significantly against the euro and pound. It fell by 6.83 per cent, and 5.44 per cent against the euro and pound respectively, as the two currencies strengthened significantly against the greenback during the period.

2024 Economics Nobel awarded to Daron Acemoglu, Simon Johnson, and James A Robinson

2024 Economics Nobel awarded to Daron Acemoglu, Simon Johnson, and James A Robinson

Rediff.com14 Oct 2024

The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A. Robinson "for studies of how institutions are formed and affect prosperity."

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Rediff.com20 Jun 2025

Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.

50 Years Of Emergency: Banality Of Evil, And A Warning

50 Years Of Emergency: Banality Of Evil, And A Warning

Rediff.com26 Jun 2025

While India today is vastly different from the India of 1975, the need for vigilance against authoritarianism remains the same, asserts Utkarsh Mishra.

GST revenue hits record high of Rs 2.37 lakh cr in April

GST revenue hits record high of Rs 2.37 lakh cr in April

Rediff.com1 May 2025

Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. The gross GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017. The net mop-up was Rs 1.92 lakh crore.

India a bright spot for growth: Chandrasekaran

India a bright spot for growth: Chandrasekaran

Rediff.com27 May 2025

N Chandrasekaran, chairman of Tata Consumer Products, has said in the company's annual report for FY25 that India remains one of the bright spots of economic growth amid a volatile global environment. He said India's long-term growth was underpinned by strong demographic and economic fundamentals as well as structural reforms.

'Operation Sindoor Was A Dream Operation'

'Operation Sindoor Was A Dream Operation'

Rediff.com23 May 2025

'The precision strikes were well planned and excellently executed. The world will be studying this operation.'

SA captain Bavuma on responsibility of being a black leader

SA captain Bavuma on responsibility of being a black leader

Rediff.com10 Jun 2025

Bavuma, in his Test journey of over a decade, as the first black batter for South Africa, has faced a lot of ups and downs. A magnificent century against England in Cape Town back in 2016 attached to him plenty of expectations.

Modi arrives in Canada for G7 Summit amid Israel-Iran conflict

Modi arrives in Canada for G7 Summit amid Israel-Iran conflict

Rediff.com17 Jun 2025

The Kananaskis gathering on June 16-17 is the Prime Minister's 6th consecutive participation in the G7 Summit.

Pak ministry posts plea for aid; account hacked, says govt

Pak ministry posts plea for aid; account hacked, says govt

Rediff.com9 May 2025

Pakistan's Ministry of Economic Affairs X account was hacked and a fake appeal was posted, calling for more international loans to help defuse tensions with India following the Pahalgam terror attack. The post urged the international community to help de-escalate the situation and requested more loans to address "heavy losses" caused by the tensions. The hacking incident occurred during a crucial meeting of the IMF executive board to decide on the next installment of a USD 7 billion loan for Pakistan.

Iran shutting Hormuz Strait will impact Indian economy: Experts

Iran shutting Hormuz Strait will impact Indian economy: Experts

Rediff.com22 Jun 2025

The Israel-Iran conflict has entered a 'decisive phase' after the United States bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington, DC's 'responsibility' to not get involved in the military standoff.

Lesson from 2009: Early Monsoon, Not Always Good

Lesson from 2009: Early Monsoon, Not Always Good

Rediff.com2 Jun 2025

The last time the southwest monsoon arrived earlier than in 2025 -- that is, back in 2009 -- the rains lost steam after the early onset and ended the season with almost 23 per cent deficient rainfall, which was the lowest recorded average rainfall in several decades over India.

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Amitabh Kant resigns as G20 Sherpa, to begin new chapter

Rediff.com16 Jun 2025

Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.

Home loan rates may fall to 8%: Realty experts

Home loan rates may fall to 8%: Realty experts

Rediff.com7 Jun 2025

Housing demand should improve nationwide after the Reserve Bank of India (RBI) cut the repo rate by a larger-than-expected 50 basis points (bps) on Friday, said real estate industry executives. The rate cut comes after housing sales in top Indian cities in the first quarter of 2025 dipped 28 per cent due to skyrocketing residential property prices and geopolitical headwinds, according to Anarock.

'The one who really scares me is Bumrah'

'The one who really scares me is Bumrah'

Rediff.com27 May 2025

'I don't know who's my favourite, but the one who really scares me is Bumrah, I mean, you know, probably the best bowler in the world.'

Strait of Hormuz closure: How it will impact India

Strait of Hormuz closure: How it will impact India

Rediff.com22 Jun 2025

US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.

Beyond US, Canada, UK: Indian Students Now Prefer...

Beyond US, Canada, UK: Indian Students Now Prefer...

Rediff.com23 May 2025

Rediff reports on the reasons behind this dramatic shift.

In a letter to PM, Rahul flags delay in scholarships

In a letter to PM, Rahul flags delay in scholarships

Rediff.com11 Jun 2025

Leader of Opposition in the Lok Sabha Rahul Gandhi has written to Prime Minister Narendra Modi flagging the 'deplorable' conditions in residential hostels for Dalit, ST, EBC, OBC and minority students and the delay in post-matric scholarships for those from marginalised communities.

TCS CEO Krithivasan's compensation rises 4.6% to Rs 26.52 cr in FY25

TCS CEO Krithivasan's compensation rises 4.6% to Rs 26.52 cr in FY25

Rediff.com28 May 2025

K Krithivasan, the chief executive and managing director of India's largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25.

Those daring to wipe off our sisters' sindoor...: Modi

Those daring to wipe off our sisters' sindoor...: Modi

Rediff.com26 May 2025

'The country that came into existence after Partition lives on hatred for India. It only wants to harm Bharat. However, India's goals are to remove poverty, bring about economic development and become a developed nation'

The Lady Who Bought Husain Painting For Rs 118 Cr

The Lady Who Bought Husain Painting For Rs 118 Cr

Rediff.com21 Mar 2025

Meet Kiran Nadar, bridge champion, art collector, do gooder.

'By hosting 2036 Olympics, India will make a statement'

'By hosting 2036 Olympics, India will make a statement'

Rediff.com17 Jun 2025

India's bid to host the 2036 Olympics is not merely an attempt to make a statement internationally but also a well thought out plan to create world-class infrastructure, said Minister of State for Sports Raksha Khadse.

'Terror Hasn't Gone Away, But We Have Raised The Cost And Consequences For Pakistan'

'Terror Hasn't Gone Away, But We Have Raised The Cost And Consequences For Pakistan'

Rediff.com23 May 2025

'War is not an answer. War is not a solution.' 'Deterrence is a solution. We should have the stick with us with which we can beat Pakistan.'

Mithi river 'scam': ED raids Dino Morea's residence

Mithi river 'scam': ED raids Dino Morea's residence

Rediff.com6 Jun 2025

The fraud is alleged to have caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC).

Trump expresses 'keen interest' in trade pact with Pak, hails army chief

Trump expresses 'keen interest' in trade pact with Pak, hails army chief

Rediff.com19 Jun 2025

In a statement after a meeting between Trump and Pakistan Army chief Asim Munir at the White House on Wednesday, the Inter-Services Public Relations -- the media wing of the Pakistan Army -- said they also discussed joint counterterrorism efforts.

How Adani Plans To Fund $20 Billion Expansion

How Adani Plans To Fund $20 Billion Expansion

Rediff.com19 Jun 2025

'About $8.5 billion in free cash, about $3 billion as annual debt refinancing, and $3 billion-4 billion in fresh borrowing. An additional $1.6 billion-1.8 billion will come from development profits in 2025-26.'

DU's Love Lessons Course For GenZ: Will You Enrol?

DU's Love Lessons Course For GenZ: Will You Enrol?

Rediff.com11 Jun 2025

In a first-of-its-kind move, Delhi University's course for Gen Z students promises to unpack the emotional landmines of dating in the age of Instagram, Tinder and instant swipes,

GST rates will come down further: Sitharaman

GST rates will come down further: Sitharaman

Rediff.com8 Mar 2025

Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale". She said that the revenue neutral rate (RNR) has come down from 15.8 per cent at the time of the launch of GST on July 1, 2017, to 11.4 per cent in 2023.

'India's Response Will Be Big'

'India's Response Will Be Big'

Rediff.com28 Apr 2025

'Diplomatic and economic responses are first announced and then implemented. A military response is announced only after it is done.'

'India may become biggest natural diamond market'

'India may become biggest natural diamond market'

Rediff.com4 Jun 2025

'That combination of a rising economy, a growing middle class, and a deepening love of diamonds and jewellery is what we see really doubling the market for diamonds over the next five years.'

Centre To Boost States' Heatwave Plans

Centre To Boost States' Heatwave Plans

Rediff.com9 Jun 2025

About 57 per cent of Indian districts, home to 76 per cent of the country's population, are currently at high to very high risk from extreme heat.

RBI cuts CRR to unlock Rs 2.5 lakh crore liquidity for banks

RBI cuts CRR to unlock Rs 2.5 lakh crore liquidity for banks

Rediff.com6 Jun 2025

Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent.

HUL MD's salary rises 3.7% to Rs 23 cr in FY25

HUL MD's salary rises 3.7% to Rs 23 cr in FY25

Rediff.com30 May 2025

HUL managing director Rohit Jawa's total remuneration in FY25 has witnessed an increase of 3.75 per cent to Rs 23.23 crore, according to the latest annual report of the FMCG major. Jawa's annual package included a salary of Rs 3.65 crore, allowances of Rs 11.45 crore, a bonus of Rs 3.78 crore and a perquisite long-term incentives of Rs 2.76 crore.