Economy National
India’s retail inflation has fallen below the Reserve Bank of India’s (RBI) target for three straight months, triggering widespread anticipation of interest rate cuts. With consumer inflation easing to 3.16% in April 2025—its lowest in six years—economists forecast a series of repo rate reductions aimed at reviving domestic demand and investment. Inflation Trends and
Business Industry
The Reserve Bank of India (RBI) has launched a detailed review of digital wallets tied to app-based services, following the sudden collapse of BluSmart, an all-electric taxi service. The move comes in response to mounting complaints from users who were left unable to recover funds stored in BluSmart’s internal wallet system. BluSmart’s Sudden Shutdown BluSmart […]
Business
Reliance Industries Ltd. (RIL), headed by Mukesh Ambani, has secured a landmark $2.9 billion dual-currency offshore loan, making it the largest such transaction by an Indian firm in over a year and the most significant syndicated loan deal in Asia so far in 2025. Reliance Offshore Loan Finalized on May 9, the loan features two […]