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AI Boom Drives Global Trade Growth, Boosting China and India, IMF Says

By Uniquetimesorg October 13, 2026 0

The growing demand for artificial intelligence (AI) has strengthened economic growth in China, India and other Asian countries, while driving global trade beyond its overall growth rate, the International Monetary Fund’s chief economist, Silvana Tenreyro, said on Tuesday. Speaking at the IMF and World Bank annual meetings in Bangkok, she noted that global trade would Continue Reading

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India Delays UPI Payment Fee Rollout Until After Diwali

By Uniquetimesorg October 13, 2026 0

India has postponed the introduction of a fee on large transactions made through the Unified Payments Interface (UPI) until after the Diwali festival, the National Payments Corporation of India (NPCI) announced on Tuesday. The proposed 0.4% charge on merchant transactions exceeding ₹2,000 was originally scheduled to take effect on October 15. NPCI said the delay […]Continue Reading

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Indian IT Stocks Rise on Accenture Outlook

By Uniquetimesorg October 5, 2026 0

Indian IT stocks gained on Monday after global technology services firm Accenture forecast stronger-than-expected annual revenue growth. The Nifty IT Index initially rose around 1.6%, boosting investor sentiment and easing concerns that artificial intelligence could weaken technology spending. Persistent Systems, Mphasis, Wipro and Tata Consultancy Services were among the Continue Reading

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India Weighs Mandatory Imported Coal Blending at Power Plants

By Uniquetimesorg September 26, 2026 0

India is considering requiring power plants to blend imported coal with domestic supplies for the first time since 2024, according to three government sources cited by Reuters. Under the proposal being discussed by the power ministry, thermal power plants could be required to blend up to 5% imported coal with domestic coal as falling inventories […]Continue Reading

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Amazon Plans $3 Billion Investment in India’s Quick-Commerce Business

By Uniquetimesorg September 24, 2026 0

Amazon plans to invest $3 billion in India’s quick-commerce business by 2030, according to two people familiar with the plans. The company is expected to spend $1 billion by the end of 2027 and another $2 billion by 2030 as it seeks to expand its Amazon Now service and compete in India’s rapidly growing instant-delivery […]Continue Reading

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India’s August Trade Deficit Narrows as Gold Imports Plunge

By Uniquetimesorg September 16, 2026 0

India’s goods trade deficit unexpectedly narrowed to $26.86 billion in August, down from $31.98 billion in July, government data showed. The decline came mainly from a sharp fall in imports, particularly gold, even as merchandise exports slipped slightly from the previous month. Gold imports nearly halved to $2.3 billion from $4.16 billion in July, helping […]Continue Reading

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India Consults Banks on Possible Fees for Large UPI Payments

By Uniquetimesorg September 15, 2026 0

India’s payments authorities are consulting banks and payment companies over plans to introduce charges on large transactions through the Unified Payments Interface (UPI), according to sources familiar with the discussions. The consultations follow a change in Indian payments legislation that allows fees to be charged on UPI transactions above ₹2,000. UPI payments have so Continue Reading

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RBI Steps Up Rupee Support as Dollar Sales Reach at Least $8 Billion

By Uniquetimesorg September 8, 2026 0

India’s central bank, the Reserve Bank of India (RBI), significantly increased its foreign exchange intervention last week, selling an estimated $8 billion to $15 billion to support the rupee, according to six bankers. The intervention helped the currency strengthen to 94.2850 per dollar on September 3, its strongest level in more than two months. The […]Continue Reading

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India’s Services Growth Improves in August, but Demand Remains Weak

By Uniquetimesorg September 3, 2026 0

India’s dominant services sector recorded a modest improvement in August, but overall activity remained close to its weakest level in more than four years, according to the HSBC India Services Purchasing Managers’ Index (PMI). The index rose to 54.1 in August from 53.3 in July, although it was slightly below the preliminary estimate of 54.5. […]Continue Reading

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ICICI Bank Mobilises $17.9 Billion Through RBI Foreign Currency Deposit Scheme

By Uniquetimesorg September 2, 2026 0

India’s ICICI Bank has mobilised around $17.88 billion through the Reserve Bank of India’s foreign currency non-resident deposit scheme as of August 31, 2026. The initiative is aimed at attracting overseas foreign-currency inflows and strengthening India’s foreign exchange position. Of the deposits raised, about $9 billion has been used for loans provided Continue Reading