MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The report finds evidence of “symmetric…
The Indian mobility industry is projected to surpass $600 billion by 2030, according to the Think Mobility report released by Google and Boston Consulting Group (BCG) at the Bharat Mobility Auto Expo.The report highlights India’s unique trajectory in the mobility sector, with traditional and emerging revenue streams shaping a departure from global trends.The report reveals…
BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on…
NEW DELHI: Commerce and industry minister Piyush Goyal will hold discussions in Brussels with Commissioner of European Commission for Trade and Economic Security Maros Sefcovic from Jan 18-20 on the proposed free trade agreement between the two. Saif Ali Khan Health Update Source link
NEW DELHI: India’s automobile industry will be number one in the world in the next five years, Union Minister Nitin Gadkari said on Saturday, highlighting that the industry has created 4.5 crore jobs till now, the highest in the country. Addressing a Federation of Automobile Dealers Association (FADA) event, the road transport and highways minister…
