Global trends, macroeconomic data, and the outcome of the U.S. Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the U.S. Indian inflation is expected … Read more
Reserve Bank Governor Shaktikanta Das has said that the Central Bank Digital Currency (CBDC), which is being promoted by the central bank, can play an important role in cross-border payments without much difficulty. The Reserve Bank, he said, has undertaken pilot projects with regard to promotion of the CBDC and the results have been ‘excellent’. … Read more
In a departure from global trends, India has recorded a substantial 76% drop in solar module imports from China during the first half of 2023 which reflects New Delhi’s resolute shift towards self-sufficiency in solar manufacturing, a new report said on Thursday. Year-on-year, India’s solar module imports from China plummeted from 9.8 GW in the … Read more