Economy News ( English version)

Housed under the group’s cement unit UltraTech, the new business, named UltraVolt, aims to become one of India’s top two wires and cables players within five years, according to group chair Kumar Mangalam Birla.

The lawsuits were filed following 2025 price increases for PlayStation 5 and Xbox consoles. Consumers allege the increases were linked to tariffs imposed by the US government and argue that they should receive refunds after the US Supreme Court ruled that the tariffs were illegal.

Ultravolt, which is preparing for a nationwide rollout across more than 100,000 retailers, aims to become India’s second-largest player in the wires segment within five years.

The company did not disclose the exact number of jobs affected. HCA said the cuts come as hospitals across the US face changes in healthcare policy, rising costs and an increase in uninsured patients.

Arcil has identified collections-as-a-service as a new business vertical in its draft red herring prospectus for its IPO

India aims for one trillion dollars in exports this year, seeking automotive industry growth. The government encourages companies to increase local production and pursue international markets. Automakers must reduce import dependence and strengthen domestic supply chains for critical components. New trade agreements and global partnerships will help expand t […]

Higher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a four-year high. Economists anticipate the RBI will deploy additional tools to absorb surplus funds. These measures may include variable rate reverse repo operations and incremental CRR hikes. Forex reserves have reach […]

India's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial costs for the Reserve Bank of India. The RBI agreed to shield banks from currency risks on these foreign deposits. These operations could cost up to 1.2 trillion rupees over five years. The central bank aims to manage th […]

India and Belgium agreed to expand defense cooperation and signed several pacts. Key drivers for bolstering ties include trade, critical minerals, and high technologies. The two nations inked five agreements, aiming to double bilateral trade within five years. They also established a mechanism to promote Belgian investments in India. Cooperation will strengt […]

Indian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of India. Banking system liquidity reached a record high following foreign currency deposits. The central bank has several tools to manage liquidity effectively. Lenders urged the RBI to avoid impacting bank margins with ot […]