Author: NNI Editor

To meet the durable liquidity needs of the system, the Reserve Bank of India has decided to inject Rupee liquidity for longer duration through long-term USD-INR Buy/Sell swap auction. | Photo Credit: FRANCIS MASCARENHAS To meet the durable liquidity needs of the system, the Reserve Bank of India (RBI) has decided to inject Rupee liquidity for longer duration through long-term USD-INR Buy/Sell swap auction.Accordingly, the RBI will conduct a USD-INR Buy/Sell swap auction of $10 billion for a tenor of three years.The auction time has been fixed from 10.30 am to 11.30 am on February 28, 2025. The spot date is March 4,…

India is the second largest AI talent in the world, but only less than 30% of these people have hands-on experience in AI, said Lalitha Indrakanti, CEO, Jaguar Land Rover Technology and Business Services in India. “India certainly has the second largest AI talent pool, but if you look at it in a broader sense, only less than 30% of them have hands-on experience. To reimagine our talent landscape, we have to make learning the core aspect of growth, explore and unleash the productivity of humans,” she told The Hindu.She said it is common knowledge that whatever skills and jobs that exist…

Adani Foundation has unveiled the ‘Butterfly Effect’ Framework for empowering women. Ahead of the upcoming International Women’s Day next month, the Foundation hosted the first national-level roundtable consultation recently in New Delhi to address the evolving needs of women through every stage of their lives. “The ‘Butterfly Effect framework embodies this holistic approach by positioning women at the center of all interventions. The framework has been designed to support women across different stages, promoting their growth, self-reliance, and overall well-being,” the foundation said in a statement.On the occasion, Abhishek Lakhtakia, Chief Executive Officer, Adani Foundation, said, “Our interventions are designed to ensure…

Supporting growth through monetary easing was the prime motivation of the six-member Monetary Policy Committee (MPC) behind their unanimous decision to vote for a rate cut, the minutes of the February 5-7, 2025 MPC meeting revealed.“Domestically, there is a need to preserve the high growth momentum, while maintaining price stability, necessitating monetary policy to use various policy instruments to maintain the inflation-growth balance,” RBI Governor and MPC member Sanjay Malhotra said in a statement.“The food inflation outlook is turning decisively positive. Moreover, the Budget proposals on agriculture and the commitment to fiscal consolidation, among others, are positive for price stability and would…

Textile Commissioner Roop Rashi visited a stall at the Global Textile Technology and Engineering Show in Mumbai on February 21, 2025 | Photo Credit: Special Arrangement Investments in the textile sector that were sluggish for the last couple of years have revived, said Textile Commissioner Roop Rashi here on Friday. Ms. Rashi told The Hindu on the sidelines of the inauguration of the three-day Global Textile Technology and Engineering Show (GTTES) here, several textile and apparel companies that had taken part in the recently-concluded Bharat Tex in New Delhi said they were making investments. Indian textile machinery manufacturers should leverage…

Surat-based Premier Looms will start local production of ‘air jet’ weaving looms in a year, said A.K. Bidiwala, who heads sales and marketing at the company. The company launched its high speed rapier (500 rpm) and high speed ‘water jet’ looms at the Global Textile Technology Engineering Show here. Mr. Bidiwala told The Hindu that the company currently imported ‘air-jet’ looms and assembled them in India. It will start local production in a year. Premier is looking to almost double its annual turnover to ₹300 crore in FY26 from the current ₹160 crore. It had invested ₹250 crore so far…

Saris at Chaasmi | Photo Credit: Special Arrangement If you are keen to know about the art, craft, culture and cuisine of erstwhile Indian royal families, this event brings a range of products crafted within palace studios. The Artisanal Tale, an event by design platform Royal Fables in association with Federation of Indian Chambers of Commerce & Industry Ladies Organization (FICCI-FLO) Chennai, brings together 12 royals who will present everything from automotive art, bespoke textiles, jewellery and heritage weaves.  Vidita Singh’s painting of a Delahaye at a polo match | Photo Credit: Special Arrangement Vidita Singh of Barwani will be in…

Judging from the twelve designers who showcased their work on Day one alone, there is going to be plenty to pick from for your wardrobe this year, from gender fluid palazzos to edgy street wear. Sustainability was a theme that ran through the collection, with designers emphasising on the value of slow fashion, and the importance of creating clothes that last.The event was held in Jaipur’s graceful old Diggi palace, which dates back to the 19th century. Now a heritage hotel, it continues to be a home to the family that has always owned it. With expansive lawns and intriguing…

RBI’s Deputy Governor Rajeshwar Rao said that financial sector entities must shoulder some responsibilities to educate the investor despite the RBI’s “progressive steps” to do the same. File | Photo Credit: Abhijith Financial entities must see that their customers fully understand the risks of leveraged products and speculative investing, said Reserve Bank of India’s Deputy Governor Rajeshwar Rao, highlighting the vulnerabilities that come from “reckless financialisation.”Mr. Rao acknowledged the role of technology in financial inclusion but warned that it could also increase the risk of exposure and over-leveraging. He cautioned that it may increase the vulnerabilities of individual investors and…

Moody’s Analytics said India’s growth will slow to 6.4% in 2025, from 6.6% in 2024, as new U.S. tariffs and softening global demand weigh on exports. File | Photo Credit: V. V. Krishnan The rupee pared initial gains and settled 7 paise lower at 86.71 (provisional) against the U.S. dollar on Friday (February 21, 2025), weighed down by sustained foreign fund outflows and a recovery in the American currency index.Forex traders said the Indian rupee declined on Friday (February 21, 2025) on weak domestic markets and a recovery in the U.S. dollar index. However, weak crude oil prices cushioned the…