
Rupee opens strong at 83.90, up 59 paise against USD
Mumbai, May 2 (UNI) The Rupee on Friday rallied further by 59 paise at 83.90
against USD in early trade on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market informed.
The domestic unit today remained firm owing to weak Dollar against other world currencies amid rebounding equity market in early trade.
The Rupee recorded intra days high and low at 83.85 and 85.96 respectively, dealer added.
UNI NV GNK

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Gazette
37 minutes ago
- India Gazette
India poised to become 3rd largest manufacturing hub: Union Minister Pralhad Joshi
Dharwad (Karnataka) [India], June 8 (ANI): Union Minister for Consumer Affairs and Renewable Energy Pralhad Joshi on Sunday expressed strong confidence that India is on track to transform into a global manufacturing hub, citing the country's supportive environment, abundant resources, and dynamic youth. Speaking at the inauguration of the 3rd Greenfield Unit and Sri Rama Temple built by Hodek Vibration Technologies Private Limited in Belur Industrial Area in Dharwad, Joshi highlighted India's unprecedented growth in manufacturing under Prime Minister Narendra Modi's leadership and its emergence as a self-reliant nation across sectors and its potential to become the world's third-largest producer, surpassing challenges faced in 2014. 'India will transform into a global manufacturing hub in the future, as it has a supportive environment, resources and an empowered youth that is required for the manufacturing sector,' the Union Minister stated. 'Under the leadership of Prime Minister Narendra Modi, India is achieving unprecedented growth in the manufacturing sector today. India today is self-reliant in everything from industry, jobs, education, information technology, transport, and electricity. The import situation that existed in 2014 is no longer there. It is developing as the largest exporting country in the world. Until now, China and Vietnam were the only leading producing countries in the world. Now, India has also joined that list and will emerge as the 3rd largest producer,' he added. Joshi noted the global demand for Indian talent, particularly in Germany, as the country leverages its vibrant youth and resources. 'Today, there is a high demand for Indian youth all over the world, including Germany. Due to the shortage of loyal, educationally qualified employees and technicians, foreign countries are turning to India. India has amazing opportunities in every way, including its vibrant and dynamic youth, resources, and environment, and locals should also take advantage of this,' he stated. Abhijit Khanvilkar, Director of Hodek Vibration Technologies Private Limited, highlighted local opportunities, stating, 'Skilled human resources were available in Dharwad, but not enough job opportunities were available. We initially set up a unit in Dharwad, which has grown to three units, creating job opportunities for up to 500 persons.' Following the inauguration of the greenfield unit, Joshi also inaugurated the Lord Sri Rama Temple there. Earlier, NITI Aayog CEO BVR Subrahmanyam had said that India's manufacturing sector must grow 15 per cent annually to contribute at least 25 per cent to the country's GDP (or USD 7.5 trillion) through Viksit Bharat 2047. According to Joshi, the greenfield unit would help boost industrial growth in the region of North Karnataka and contribute to local employment generation and economic growth. In a post on X, Johsi added that Hodek Vibration Technologies Private Limited was committed to sustainability and has inaugurated a 155 kWp rooftop solar power plant at its Pune unit, aimed at reducing the company's carbon footprint. He noted that the Dharwad unit had also adopted eco-friendly measures. 'Moments from the inauguration of the Lord Sri Ram Temple and its third greenfield unit built by Hodek Vibration Technologies Private Limited at Belur Industrial Area, Dharwad, today. This greenfield unit in Dharwad will boost industrial growth in North Karnataka. It will contribute to local employment generation and economic growth. Hodek Vibration Technologies Private Limited is committed to sustainability and has inaugurated a 155 kWp rooftop solar power plant at its Pune unit. This will promote the use of renewable energy with the aim of reducing the company's carbon footprint. The Dharwad unit has also adopted such eco-friendly measures and has ISO 14001 Environmental Management Certification,' Joshi stated in a post on X. The Union Minister was accompanied by former MLA Amrut Desai, former MLC Nagaraj Chhabbi and Abhijeet Khanwilkar, Director of Hodek Vibration Technologies Private Limited, among others. (ANI)


India.com
an hour ago
- India.com
10 richest countries in the world are..., US is at 9th position, India, Pakistan are at...
10 richest countries in the world are…, US is at 9th position, India, Pakistan are at… 10 Richest Countries In The World: There are over 190 countries in the world, and each country, big or small, has its unique traditions and culture. Some are famous for picturesque scenery, and some are known for their delicious food and one-of-a-kind traditions. Have you ever wondered, out of these 193 countries, which are the richest ones? And let us tell you that having the largest GDP does not necessarily mean being the richest country. There are many other parameters for this. In such a situation, check out the list of the 10 richest countries in the world released by World Atlas. Listing the top 10 richest countries requires considering several parameters. Here is the list of the 10 richest countries in the world released by World Atlas. Singapore Known for its beautiful scenery, Singapore is the richest country in the world, as per It has a high-income economy, projected to have the highest GDP/capita (PPP) on the globe by 2025. The country is also famous for its business-friendly environment and major investments in infrastructure, education, healthcare, and public services. Luxembourg Luxembourg holds the second position in the list. It is known for its strong banking and finance sectors. By 2025, the country is going to rank second in the world in GDP (PPP) per capita. Ireland Ireland's economy underwent a period of rapid expansion between 1995 and 2007, transforming it from one of Europe's poorest nations to its third wealthiest globally, a phenomenon known as the 'Celtic Tiger.' Queue Middle East country – Qatar ranked fourth on the richest country list. The country's economy can be judged from the fact that it owns most of the expensive areas of London. Notably, Qatar's economy has witnessed significant growth and stability due to its major petroleum and natural gas reserves. Government revenue, GDP, and export earnings are heavily dependent on these natural resources, comprising over 70 percent, 60 percent, and 85 percent. Norway One of the most beautiful European countries, Norway is the fifth richest country in the world. It is rich in sectors like – petroleum and natural gas, with a highly developed mixed economy. As of 2025, Norway's GDP is USD 504.28 billion, with a GDP per capita of USD 89,690. Sectors like – Agriculture (1.6percent), industry (34.7percent), and services (63.5percent) play a major role in its economy. It maintains very low unemployment rate and a high standard of living as compared to other European countries. Switzerland Switzerland, ranking sixth globally in wealth, boasts a high standard of living. Its economic strength is evident in its substantial millionaire population (800,000) and disproportionately large share of the world's wealthiest individuals (1.7%), despite comprising only 0.1% of the global population. Brunei Brunei is the seventh richest country in the world. Its economy is heavily dependent on the petroleum and natural gas sectors. These sectors contributes majorly in Brunei's GDP. In 2025, its GDP is projected to be USD16 billion. Guyana Ranked as the eighth richest country in the world, Guyana's economy has undergone a remarkable transformation since the discovery of significant offshore oil reserves in 2015. By 2025, the country's GDP per capita is expected to reach USD94,258 (PPP). United States US is the ninth richest country in the world and also the only country with the largest economy by GDP in 2025. A major component of America's economy is its service sector, which accounts for 80.2percent of GDP. Other sectors such as industry (18.9percent) and agriculture (0.9percent) also plays a major role. Denmark Denmark, a high-income, advanced economy, ranks among the world's ten wealthiest nations. Its economy is largely service-based (80 percent of employment), with manufacturing contributing approximately 11 percent. Denmark's projected GDP for 2025 is USD449 billion.


Time of India
3 hours ago
- Time of India
Mike Johnson downplays Musk's influence, says Republicans will pass Trump's tax, budget bill
With an uncharacteristically feistiness, Speaker Mike Johnson took clear sides Sunday in President Donald Trump 's breakup with mega-billionaire Elon Musk . The Republican House leader and staunch Trump ally said Musk's criticism of the GOP's massive tax and budget policy bill will not derail the measure, and he downplayed Musk's influence over the GOP-controlled Congress. "I didn't go out to craft a piece of legislation to please the richest man in the world," Johnson said on ABC's "This Week." "What we're trying to do is help hardworking Americans who are trying to provide for their families and make ends meet," Johnson insisted. Johnson said he has exchanged text messages with Musk since the former chief of Trump 's Department of Government Efficiency came out against the GOP bill. Musk called it an "abomination" that would add to US debts and threaten economic stability. He urged voters to flood Capitol Hill with calls to vote against the measure, which is pending in the Senate after clearing the House. His criticism sparked an angry social media back-and-forth with Trump, who told reporters over the weekend that he has no desire to repair his relationship with Musk. Live Events The speaker was dismissive of Musk's threats to finance opponents - even Democrats - of Republican members who back Trump's bill. "We've got almost no calls to the offices, any Republican member of Congress," Johnson said. "And I think that indicates that people are taking a wait and see attitude. Some who may be convinced by some of his arguments, but the rest understand: this is a very exciting piece of legislation." Johnson argued that Musk still believes "that our policies are better for human flourishing. They're better for the US economy. They're better for everything that he's involved in with his innovation and job creation and entrepreneurship." The speaker and other Republicans, including Trump's White House budget chief, continued their push back Sunday against forecasts that their tax and budget plans will add to annual deficits and thus balloon a national debt already climbing toward USD 40 trillion. Johnson insisted that Musk has bad information, and the speaker disputed the forecasts of the nonpartisan Congressional Budget Office that scores budget legislation. The bill would extend the 2017 Trump tax cuts, cut spending and reduce some other levies but also leave some 10.9 million more people without health insurance and spike deficits by USD 2.4 trillion over the decade, according to the CBO's analysis. The speaker countered with arguments Republicans have made for decades: That lower taxes and spending cuts would spur economic growth that ensure deficits fall. Russell Vought, who leads the White House Office of Budget and Management, said on Fox News Sunday that CBO analysts base their models of "artificial baselines." Because the 2017 tax law set the lower rates to expire, CBO's cost estimates, Vought argued, presuming a return to the higher rates before that law went into effect. Vought acknowledged CBO's charge from Congress is to analyze legislation and current law as it is written. But he said the office could issue additional analyses, implying it would be friendlier to GOP goals. Asked whether the White House would ask for alternative estimates, Vought again put the burden on CBO, repeating that congressional rules allow the office to publish more analysis. Other Republicans, meanwhile, approached the Trump-Musk battle cautiously. "As a former professional fighter, I learned a long time ago, don't get between two fighters," said Oklahoma Sen. Markwayne Mullin on CNN's "State of the Union." He even compared the two billionaire businessmen to a married couple. "President Trump is a friend of mine but I don't need to get, I can have friends that have disagreements," Mullin said. "My wife and I dearly love each other and every now and then, well actually quite often, sometimes she disagrees with me, but that doesn't mean that we can't stay focused on what's best for our family. Right now, there may be a disagreement but we're laser focused on what is best for the American people."