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BUSINESS

RBI may raise repo rate to 5.75-6 pc in H2 FY27: Report
BUSINESS

RBI may raise repo rate to 5.75-6 pc in H2 FY27: Report

New Delhi, Sep 4 — The Reserve Bank of India could raise its key repo rate to 5.75-6 per cent in the second half of FY27 as it seeks to contain excess banking liquidity and rising inflation amid strong economic growth, according to a report.A report by Union Bank of India said it is expected to see…

FM Sitharaman invites global CEOs to invest in India
NATIONAL

FM Sitharaman invites global CEOs to invest in India

New Delhi, Sep 4 — Finance Minister Nirmala Sitharaman held a series of discussions with CEOs of global companies in New York on the new investment opportunities in digital infrastructure opening up in India’s fast growing economy, according to an official statement posted on X on Friday.In a…

India's non‑tech job demand in GCCs likely to hit 5 lakh by 2028
BUSINESS

India's non‑tech job demand in GCCs likely to hit 5 lakh by 2028

New Delhi, Sep 4 — The non‑tech Global Capability Centre (GCC) roles in India are likely to reach about five lakh by 2028 with digitally enabled business functions emerging as an important growth engine, a report said on Friday.The report from workforce solutions firm Quess Corp said sales…

S. Korean won climbs to fresh 14-month high
BUSINESS

S. Korean won climbs to fresh 14-month high

Seoul, Sep 4 — The South Korean won advanced to a fresh 14-month high against the US dollar on Friday, correlated with a recent strong gain of the Japanese yen.The won was quoted at 1,350.4 won per dollar at 3:30 pm (local time), up 8.9 won from the close of the previous stock trading session,…

US eyes 65-billion-barrel Venezuela reserve
WORLD

US eyes 65-billion-barrel Venezuela reserve

Washington, Sep 4 — The United States is seeking to create what Vice-President J.D. Vance described as an effective 65-billion-barrel oil reserve through a new arrangement with Venezuela, with American companies expected to develop production and US taxpayers receiving part of the royalties.Vance…

Data centre boom to add 0.13 pc to India’s GDP: Report
BUSINESS

Data centre boom to add 0.13 pc to India’s GDP: Report

New Delhi, Sep 4 — The surge in data‑centre investment in India is likely to make a modest direct contribution to gross domestic product (GDP), adding 0.13 per cent to it, a new report has said.The report from Moody’s Ratings estimated that data‑centre capital expenditure will add nearly 0.10…

India’s space quest soars higher: Union Ministers on ISRO launch
NATIONAL

India’s space quest soars higher: Union Ministers on ISRO launch

New Delhi, Sep 4 — Union Ministers on Friday hailed the successful launch of India’s first imaging satellite from Geosynchronous Orbit, saying the feat reinforces India's capabilities across the entire space sector.The Indian Space Research Organisation (ISRO) successfully launched its advanced…

Sensex, Nifty post notable gains in early trade led by IT stocks
BUSINESS

Sensex, Nifty post notable gains in early trade led by IT stocks

Mumbai, Sep 4 — The Indian equity markets posted notable gains early on Friday driven by gains in IT stocks and positive data on the domestic economy.Sensex added 515 points, or 0.68 per cent, in early trade to reach 76,668 and Nifty gained 51 points, or 0.22 per cent to reach 23,925.Main broad-cap…

Seoul stocks trade higher over risk appetite
BUSINESS

Seoul stocks trade higher over risk appetite

Seoul, Sep 4 — Seoul stocks were trading higher late on Friday morning as remarks from a US Federal Reserve governor eased concerns over further rate hikes.The benchmark Korea Composite Stock Price Index (KOSPI) was trading up 81.74 points, or 1.24 percent, to 6,661.22, as of 11:20 am, reports…