India’s 1991 gold pledge remains one of the clearest examples of how a financial crisis reshaped the country’s economic direction. The episode matters again in 2026 as India holds larger foreign exchange and gold reserves, signaling preparation rather than panic. India’s 1991 gold pledge and the Gulf shock India’s balance-of-payments crisis deepened after Iraq invaded Kuwait on Thursday, August 2, 1990, triggering a Gulf crisis that added pressur

Royal Enfield is preparing for its next major growth phase with a proposed Rs 2,500 crore investment in a new greenfield manufacturing facility in Andhra Pradesh. The Chennai-based motorcycle maker has announced plans to acquire land in Tada, near Tirupati, as it looks to expand production capacity and strengthen its manufacturing base in southern India. The investment is subject to approval from the board of Eicher Motors, Royal Enfield’s parent company, and the project is expected to be deve