 "Udhayanidhi Stalin rises as Deputy CM amid a cabinet reshuffle, while V Senthil Balaji returns post-bail from a money laundering case.")
In a significant cabinet reshuffle in Tamil Nadu, Chief Minister M K Stalin’s recommendations have been approved by Governor R N Ravi. Udhayanidhi Stalin, the Chief Minister’s son, has been elevated to the position of Deputy Chief Minister, while V Senthil Balaji returns to the ministry after being granted bail in a money laundering case. ...
 "Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.")
The Indian rupee appreciated by 6 paise, reaching 83.70 against the US dollar in early trade on Thursday. This boost came following the US Federal Reserve’s decision to cut interest rates, which positively influenced investor sentiment. Additional support for the rupee was provided by declining crude oil prices, strong performance in domestic equity markets, and ...
 "Household savings decline as borrowing rises, with a dramatic shift from deposits to diverse financial assets in India.")
A recent report by BCG reveals significant shifts in household finances in India over the past decade. While household deposits as a percentage of GDP dropped from 6.1% to 4.1% in 2023, borrowing increased from 3.3% to 5.8%. This trend shows that unsecured lending in India is now comparable to that in the United States. ...
 "India’s Bond Market Set to Shift as RBI Eyes Rate Cuts and Demand Rises")
ICICI Prudential Life Insurance is set to increase its investments in longer-duration federal government bonds, including the benchmark 10-year bonds, due to a favorable demand-supply scenario. Ketan Parikh, the head of fixed income investments, noted that the company’s long-term focus aligns well with investing in these longer-term bonds. As India’s fiscal deficit drives borrowing, the ...
India has made significant strides in global research, ranking among the top five countries in 45 out of 64 critical technologies in 2023, a substantial increase from 37 the previous year. The Critical Technology Tracker report reveals that India now holds the second position in key areas such as biological manufacturing and distributed ledger technology, ...
Bitcoin is on the rise once again as traders eagerly anticipate the release of U.S. inflation data. The leading cryptocurrency, BTC-USD, is experiencing a steady increase in value as Market analysts keep a close eye on the upcoming economic report. Stay tuned for more updates on Bitcoin’s price movements and its impact on the digital ...
