Economy News ( English version)

ICICI Bank reports that the RBI's decision to maintain higher risk buffers will strengthen its balance sheet and support India's macroeconomic fundamentals, especially with benign global oil prices. The RBI's balance sheet grew by 8.2% in FY25, driven by domestic securities and gold holdings, which surged by 52%.

Kumar Mangalam Birla expressed optimism about India-US trade relations following Howard Lutnick's positive remarks on the partnership. Lutnick highlighted the strong friendship between Prime Minister Modi and President Trump, anticipating a trade deal soon. Usha Vance also recalled her fond visit to India, emphasizing the deepening ties between the two […]

US Commerce Secretary Howard Lutnick expressed optimism about an impending trade agreement between the United States and India, aiming to avert potential tariffs threatened by President Trump. Lutnick highlighted concerns regarding India's tariff practices and its military procurement from Russia, but noted that the Indian government is actively address […]

Pune's onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals. Despite increased production and storage, onions are becoming more expensive. Trade sources anticipate further price increases, potentially fueled by upcoming government onion procurement.

India's manufacturing sector experienced a slight slowdown in May, with the PMI falling to a three-month low of 57.6 due to rising inflation and geopolitical tensions. Despite this dip, new export orders surged, leading to increased employment and improved supply chain performance. Input costs also rose, prompting manufacturers to increase selling price […]