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Indian markets saw a strong rally on Thursday, with the Nifty 50 surpassing 25,600, driven by domestic earnings recovery optimism and positive global cues. Key companies like RIL, Infosys, and Wipro reported their second-quarter results, influencing trading activity. Analysts suggest a “buy on dips” strategy amidst sectoral rotation.
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India’s Ministry of External Affairs has refuted US President Donald Trump’s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India’s consistent priority to safeguard consumer interests in volatile energy markets.
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Sanjay Malhotra, the chief of India’s Reserve Bank, is on a mission to enhance global access to digital platforms that serve the public good. He brought attention to MOSIP, India’s innovative open-source digital identity solution, gaining traction in 27 countries. The RBI is also integrating India’s UPI with payment systems from various nations to streamline...
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