New Delhi, July 16 (IANS) Information technology (IT) services sector revenue growth in India is set to stay muted this fiscal (FY27) and the next (FY28), as artificial intelligence (AI)-driven disruptions, weak discretionary spending and continuing geopolitical uncertainties deepen a four-year slowdown, a report showed on Thursday.Mid-tier IT companies could prove to be nimble in this environment. For the broader industry, the key test will be how quickly companies reinvent business models, ada…
Latest currency News & Updates
New Delhi, July 12 (IANS) Beijing has started asking African countries to shift their debt repayments to China from the US dollar to the yuan as part of its strategy to strengthen its own currency and dent the dominance of the American currency in the global payment system as per a media report.Kenya’s decision to restructure part of its Chinese debt and shift repayment from United States dollars into Chinese yuan “is increasingly being interpreted as an early signal of a wider reconfiguration i…
Mumbai, April 20 (IANS) The Reserve Bank of India (RBI) on Monday announced a partial rollback of restrictions imposed earlier this month on certain rupee derivative trades — signalling a shift towards normalising market activity after emergency measures to stabilise the currency.The central bank had introduced a series of curbs on April 1 to contain heightened volatility in the rupee, which had slipped to record lows past the 95 mark in late March.These measures included barring banks from off…
Mumbai, April 17 (IANS) As India approaches Akshaya Tritiya — traditionally seen as an auspicious occasion for buying gold — investors are weighing their options as the yellow metal navigates global uncertainty, with prices rising nearly 10 per cent so far in 2026, a report has said.According to a report by Motilal Oswal Financial Services Ltd (MOFSL), despite the festive tailwinds, gold’s journey this year has remained volatile, marked by sharp swings amid a complex global backdrop and rema…
Seoul, April 10 (IANS) South Korea’s central bank kept its benchmark rate unchanged on Friday, as uncertainty in the Middle East prompted a cautious stance amid risks of inflation, currency weakness and slower growth.In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its latest rate-setting meeting in Seoul, reports Yonhap news agency.It marked the seventh consecutive on-hold decision, even as the central bank remains…
Mumbai, March 14 (IANS) The Bombay Stock Exchange (BSE) conducted a mock trading session on Saturday across multiple market segments as part of its periodic system testing.The exercise covers the equity, commodity, currency, electronic gold receipt (EGR) and equity derivatives segments. Trading members can log in from 9:15 am to 10:00 am to participate in the mock trading session.The exercise allows them to test systems and connectivity with the exchanges and aims to ensure that its trading syst…
New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
New Delhi, Feb 24 (IANS) Customs officials at Delhi’s Indira Gandhi International (IGI) Airport have filed a case against a US passport holder following the recovery of a large haul of undeclared foreign-origin goods and currencies. The passenger arrived from Hong Kong on Flight No CX-695 and was intercepted as part of routine spot profiling carried out by Customs officers.Officials said that the passenger’s baggage underwent X-ray screening, followed by a detailed physical examination in line…
Mumbai, Feb 16 (IANS) Currency in circulation (CiC) in India reached an all‑time high of about Rs 40 lakh crore by January 2026 end, with year‑on‑year growth accelerating to 11.1 per cent from 5.3 per cent last year, a report said on Monday.The report from SBI Research said on an incremental basis (YTD), the currency with public (CWP), accounting for 97.6 per cent of the circulated currency, reached an all time high of around Rs 39 lakh crore. Meanwhile, CiC surged Rs 2.76 lakh crore or 3….
Seoul, Jan 15 (IANS) South Korea’s central bank again left its benchmark interest rate unchanged on Thursday as a weakened won and rising inflation concerns limited room for further easing.In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate at 2.5 per cent at its rate-setting meeting in Seoul, marking the fifth consecutive on-hold decision since July, reports Yonhap news agency.”Inflation is expected to gradually decline, though the elevated exch…