Prime Minister Narendra Modi recently emphasized the need to reduce dependency on petrol and diesel, advocating for sustainable practices and increased adoption of work-from-home models. He also suggested that consumers reconsider discretionary purchases, including gold, in the near term. Following the speech, the stock market reacted sharply. Shares

May 11: Prime Minister Narendra Modi has called on companies to adopt work-from-home policies and reduce unnecessary travel as the Iran war continues to affect global fuel supplies and economic stability. Following the Prime Minister’s appeal, IT employee body NITES has written to the labour ministry seeking an official advisory for remote work in the IT and IT-enabled services sector. The request

A life of service over ownership JRD Tata’s legacy offers a striking contrast to modern perceptions of wealth and leadership. As one of India’s most influential industrialists, he led the Tata Group for over five decades, yet chose to live in a rented residence rather than accumulate personal assets. His approach reflected a philosophy that prioritized responsibility, ethics, and long-term impact over visible displays of success. Leadership that expanded an industrial empire Under JRD Tata’s leadership, the Tata Group evolved into one of India’s most significant industrial conglomerates, spanning sectors such as steel, aviation, power, and chemicals. His tenure marked a period of sustained growth and modernization, contributing to the country’s economic development. Rather than focusing on personal gain, he emphasized institutional strength, innovation, and employee welfare, setting standards that influenced corporate governance across industries. Simplicity as a leadership principle JRD Tata’s personal lifestyle remained notably modest despite his professional stature. He lived in a rented bungalow in Mumbai for decades, demonstrating that leadership did not require material excess. His daily life reflected discipline and humility, reinforcing the idea that influence comes from actions and values rather than possessions. This approach continues to resonate in discussions about ethical leadership and sustainable success. Impact measured beyond wealth The scale of JRD Tata’s impact is reflected not only in business expansion but also in the opportunities created for thousands of employees and communities. His leadership helped build institutions that continue to operate globally, shaping industries and contributing to economic stability. For many observers, his legacy represents a model where success is defined by contribution rather than ownership. A lasting example for global audiences For audiences in the United States and beyond, JRD Taa’s story provides a broader perspective on leadership in a global context. His life underscores the importance of purpose-driven decision-making and challenges assumptions about the relationship between wealth and success. In an era where corporate influence is closely examined, his example remains relevant as a benchmark for integrity and long-term vision.

The Reserve Bank of India (RBI) is expected to introduce incentives for Non-Resident Indian (NRI) deposits in its upcoming April monetary policy review to help stabilize the Indian Rupee. Experts suggest that the RBI may revive the foreign currency non-resident (FCNR B) deposit scheme to attract foreign deposits and address the rupee's volatility. Currently, the UAE accounts for over 40% of FCNR (B) deposits, showing a heavy reliance on the Gulf region. NRI deposit inflows have seen

The Indian rupee slipped past the 95 mark against the US dollar on March 30, 2026, hitting an all-time low of 95.20 per dollar, a decline of 0.3% for the day. This drop occurred despite the Reserve Bank of India's (RBI) recent intervention aimed at curbing currency volatility. The currency has been under pressure from a mix of global factors, sustained foreign outflows, and rising oil prices. The RBI had introduced measures to support the rupee by tightening limits on banks' foreign exchange positions. As of late Friday, the central bank directed banks to cap their net open rupee positions in the foreign exchange market at $100 million by the end of each business day, with compliance required by April 10. While this move offered temporary relief, the impact was limited as analysts pointed out that underlying factors, such as persistent foreign outflows and high crude oil prices, continued to weigh on the rupee. Foreign portfolio outflows have been one of the major contributors to the rupee's weakness. These outflows, coupled with high global oil prices, have put pressure on India’s current account deficit, thus exerting more pressure on the currency. The rising oil prices are linked to geopolitical tensions, such as the ongoing conflict in Iran, which has exacerbated market volatility. Additionally, the wider spread between the onshore and non-deliverable forward (NDF) markets, due to increasing volatility, has contributed to the rupee’s decline. Despite the RBI’s directive, the rupee continued its downward spiral, reflecting broader economic challenges. The currency has fallen over 4% in March alone, marking its worst monthly performance in over seven years. The Nifty 50 index also reflected the market's overall weakness, dropping by about 2% on Monday, with a looming risk of its worst monthly decline since March 2020. In this uncertain climate, analysts predict that unless there is a significant drop in oil prices or a reversal in foreign fund flows, the pressure on the rupee is likely to persist. The continued outflows from emerging markets and heightened global uncertainty have created a negative sentiment surrounding India’s economic outlook, which, in turn, has kept the rupee under significant pressure.

Global crude oil prices have surged past $110 per barrel as escalating tensions in the Gulf region shake energy markets worldwide. The sharp increase has triggered concerns about potential supply disruptions, particularly through the Strait of Hormuz, one of the most critical oil transit routes globally. The sudden spike represents the biggest jump in crude prices since 2020 and has raised fears about its possible ripple effects on economies that depend heavily on imported oil. Desp

United States President Donald Trump on Wednesday expressed strong optimism about the future of India–US trade relations, indicating that discussions between the two countries were moving in a positive direction. Speaking about the ongoing trade negotiations, Trump highlighted his confidence that both sides would be able to arrive at a mutually beneficial agreement, underlining the importance of c

India has been elevated to major power status in the Asia Power Index 2025, marking a significant milestone in New Delhi’s expanding global profile. The latest edition of the Index places India third in its overall ranking, behind only the United States and China, reflecting a steady enhancement of the country’s economic strength, military capability and regional influence. The ranking signals a turning point for India, which has long sought to consolidate its role as a central player in

Mukesh Ambani has once again secured the top spot on the Hurun India Rich List 2025, reaffirming his position as the wealthiest Indian with a net worth of Rs 9.55 lakh crore. The report, released as the 14th edition of the M3M Hurun India Rich List, also saw Bollywood megastar Shah Rukh Khan make history by entering the billionaire club for the first time with a personal fortune of Rs 12,490 crore. This milestone marks a rare crossover of fame and fortune, cem

Restrictions on H-1B visas in the United States are expected to have a relatively small impact on the flow of remittances from overseas Indians back to India. According to a recent research study, the total losses are unlikely to exceed five billion dollars out of an eighty three billion dollar total inflow. This means that while there will be a direct effect on some families and professionals, the broader picture for India’s economy remains resilient.

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Indian markets rallied on Monday following Prime Minister Narendra Modi’s announcement of sweeping tax reforms aimed at boosting domestic consumption and supporting growth. The Nifty 50 index climbed by 1%, while the BSE Sensex advanced 0.84%. The rupee also gained strength as the US dollar fell 0.18% against it. The rally reflected optimism that the tax overhaul would provide relief to households and industries at a time when India faces steep tariffs fr

Gold prices in India have soared to unprecedented levels, marking a historic high of Rs 1,02,191 per 10 grams on August 8, as global trade tensions, tariff escalations, and monetary policy uncertainties continue to unsettle markets. The surge reflects the precious metal’s longstanding status as a safe-haven asset, attracting investors during times of geopolitical strain and economic unpredictability. The rally i

Andhra Pradesh experienced a significant economic downturn between 2019 and 2024 under the YS Jagan Mohan Reddy-led YSRCP government. Several major companies, including Lulu Group and Renew Energy, withdrew from the state, citing administrative hurdles and lack of cooperation. The period was marked by stalled projects, declining investor confidence, and policy paralysis that hindered growth and job creation. Following a

Anant and Akash Ambani have emerged as the richest Indians in 2025, commanding a combined net worth of ₹3.59 lakh crore. The sons of Mukesh Ambani have overtaken other corporate heavyweights, securing the top spot on the newly released 360 ONE Wealth Creators List 2025, prepared in collaboration with CRISIL. This inaugural list features a total of 2,013 Indian entrepreneurs, investors, professionals, and heirs, collectively holding ₹100 trillion approximat

In a bold and direct message during his speech in Bhuj, Gujarat, Prime Minister Narendra Modi delivered a powerful warning to Pakistan, urging its people to reject terrorism or face dire consequences. His comments, laced with strong nationalistic sentiment, emphasized India’s firm stance against terrorism and highlighted the contrasting trajectories of India and Pakistan in terms of development and global standing. “Live a peaceful life, eat your roti... or else, my bull

Prime Minister Narendra Modi, addressing the inaugural session of the Rising North East Summit 2025 at Bharat Mandapam in New Delhi, declared the Northeast region of India as the most diverse and dynamic contributor to the nation’s development. Highlighting its multifaceted significance, he stated that from trade and tradition to textiles and tourism, Northeast India exemplifies true diversity and strength within the country. The two-day summit, held on May 23rd and 24th, aims

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal

The Indian Rupee weakened by 13 paise, hitting a new record low of 84.86 against the US Dollar during trading on Tuesday. The currency had opened lower at 84.79, weakening by 6 paise from the previous day’s close of 84.73. This marks a sharp dip despite a recent positive momentum for the rupee last week, when the Reserve Bank of India (RBI) held interest rates steady and announced measures to improve financial market liquidity. Monday’s announcement of Sanjay Malhotra as