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Economy

US dollar drops as mixed data keeps Fed on track to cut rates mid-year

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell for a second straight session on Thursday after a mixed batch of data showed that the U.S. economy remained on solid footing, but is

Gold gains as US dollar, yields slip after softer economic data

By Anushree Ashish Mukherjee (Reuters) - Gold prices gained on Thursday after softer U.S. economic data pushed U.S. dollar and Treasury yields lower, while market focus shifted to commentary from

RBI asks Visa to stop unauthorised arrangement for commercial payments

Mumbai, Feb 15 (PTI) The Reserve Bank on Thursday asked card network Visa to stop making payments through intermediaries to entities which do...

Rupee falls 3 paise against US dollar

Mumbai, Feb 15 (PTI) The rupee consolidated in a narrow range and depreciated by 3 paise to close at 83.05 against the US dollar...

Rupee falls 3 paise against US dollar

Mumbai, Feb 15 (PTI) The rupee consolidated in a narrow range and depreciated by 3 paise to close at 83.05 against the US dollar...

India hikes windfall tax on petroleum crude, diesel

(Reuters) - The Indian government is increasing the windfall tax on petroleum crude to 3,300 rupees ($39.76) a metric ton from 3,200 rupees with effect from Feb. 16, according to a notification

India’s Tata Group mulls battery business spinoff – Bloomberg News

BENGALURU (Reuters) - Indian salt-to-software conglomerate Tata Group is considering spinning off its battery business in a bid to expand its presence in the country's renewable energy and electric

US dollar falls after retail sales data

NEW YORK (Reuters) - The dollar extended losses against a basket of currencies on Thursday after data showed U.S. retail sales dropped more than expected last month, reinforcing expectations of

RBI asks a card network to halt unauthorised commercial payment arrangement

Mumbai, Feb 15 (PTI) The Reserve Bank on Thursday restrained a card network which enabled businesses to make card payments through certain intermediaries to...

Journey of Electoral Bonds: Arun Jaitley defended anonymity

New Delhi, Feb 15 (PTI) Years before the Supreme Court struck down as 'unconstitutional' an opaque political funding tool that allowed individuals and companies...

On Camera

Imtiaz Ali obsesses over vulgarity, misses Chamkila’s cultural resistance against purity

Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India and Japan hold 10th round of consultations on disarmament, non-proliferation, and export control

The two sides also discussed ways to strengthen cooperation in outer space security, conventional weapons, and export control

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.