Business

Hyundai Motor India Limited (HMIL), a top automobile manufacturer, marked 25 years of exports from India, solidifying its leading position in the sector. Having started in 1999, the company has exported over 3.7 million vehicles worldwide. This reflects India’s endeavor for competitive automobile manufacturing. Hyundai has now reached over 150 countries with its car exports.…

The Indian stock market crashed today, with Sensex and Nifty both dropping nearly 1%. Sensex fell over 610 points to 75,525, and Nifty decreased by 230 points to 22,800, attributed to concerns about US President Donald Trump’s tariff policy and ongoing foreign investor outflows. Investor confidence wavered due to Trump’s vow to impose reciprocal tariffs,…

Boeing’s supply chain in India exports Rs 10,000 crore worth of aerospace components annually, establishing the company as the leading foreign manufacturer in the country, according to Boeing India President Salil Gupte. Gupte refuted claims that high-tech aviation manufacturing was not taking place in India, noting the significant opportunities present now compared to a decade…

Coinbase, a top US crypto exchange, aims to restart operations in India after a year. The company is discussing with Indian authorities, including FIU, as reported by TechCrunch. This decision follows Binance’s return in August post registration with the FIU after a regulatory halt. Coinbase’s initial foray into the Indian market in April 2022 was…

Apple is considering iPhone production in Indonesia following a sales ban on the iPhone 16. This ban was imposed as Apple failed to meet investment commitments in October 2024. Despite Apple’s efforts with investment proposals and development center expansions, all offers have been rejected so far. Apple initially committed $110 million to Indonesia but only…

The Indian rupee surged over 1% on February 11 to the 87 mark against the US dollar, its strongest rally in two years, potentially aided by the Reserve Bank of India. Opening at 87.35, it then strengthened to 87.0750. This increase, the largest since November 2022, positioned the rupee as the top performer in Asia…

RBI Governor Sanjay Malhotra announced a 25 basis point cut in the repo rate, reducing it from 6.5% to 6.25%. This is the first rate cut since May 2020 by the Monetary Policy Committee (MPC), which sets the repo rate for RBI’s lending to commercial banks. The repo rate was cut by 25bps, and adjustments…

Amazon plans to invest over $100 billion in AI this year, with most going to enhance AWS, as announced by the CEO Andy Jassy during the Q4 earnings call. This decision contrasts with anticipated AI budget cuts in the tech industry. In 2024, Jassy highlighted a fourth-quarter capex of $26.3 billion, suggesting a yearly investment…