economy

The rupee had come under immense pressure since February 28 when the US and Israel launched a joint military operation against Iran, triggering a full-scale war.

Experts expect investor sentiment to improve across asset classes, with India likely to see a recovery after recent underperformance.

The insurance giant currently holds nearly 60 per cent of the life insurance market and manages assets worth more than Rs 57 lakh crore. In addition, it owns real estate assets valued at approximately Rs 60,000 crore.

The companies that received notices include Emami Healthy & Tasty, Health Aid, Troovy, The Healthy Factory, Healthy Master, Healthy Choice, Plan B, and Neuherbs. The food regulator disclosed the action through its official social media platforms.

On June 11, the government prohibited industrial, commercial and institutional consumers from buying diesel at retail fuel stations and capped sales at petrol pumps to 200 litres per customer or vehicle per day.

The Trade Promotion Council of India also announced the formation of a dedicated Bio-Energy Committee aimed at bringing together key stakeholders, encouraging dialogue on policy and regulatory issues, and developing recommendations to speed up adoption and attract greater investment into the sector.

The roots of this inflation are directly linked to the Strait of Hormuz. To retaliate against the US and Israel, Iran has been blocking traffic through the critical waterway since the start of the war, hindering global oil and energy supplies.

RBI plans simpler cross-border payment approvals under Payments Vision 2028 to ease trade for MSMEs and exporters, says an EY report.

India’s productivity gap with China has widened despite strong GDP growth, with manufacturing transformation still missing, says a report.

Inflation could rise to 5% in FY27, prompting 50-75 basis points of rate hikes as food and fuel risks intensify, an ICICI report said.

Nestlé India has rejected social media allegations over Maggi infestation, saying lab tests confirm the product meets all safety standards.

World Bank warns the 2020s could become a “lost decade” for developing economies due to weak growth, rising debt and slowing investment.