The trade deficit reduced to $24.6 billion, reaching its lowest point since June, as imports declined by 2% to $62.7 billion. (AI image) Defying pressure from Donald Trump’s 50% tariffs, India’s exports rose in November and the trade deficit shrunk to a five-month low. Exports moved up to $38.1 billion in November – an increase…
Based on the HSBC Flash India Composite Output Index, the private sector saw robust business activity. (AI image) Business activity in India moderated in December, with the HSBC PMI Composite Index that measures India’s manufacturing and service sectors’ combined output, came in at 58.9, dropping from November’s 59.7. Despite this reduction, the index remained significantly…
PM Modi on Tuesday highlighted India’s economic growth and said that the country is poised to become the third largest economy. Speaking at the India-Jordan Business meet, PM Modi further added that this economic momentum provides a range of opportunities for global partners. “You all know that India is moving towards becoming the world’s third-largest…
On the reforms front, the central government and the RBI’s focus on boosting consumption over the last one year is commendable. (AI image) By Gautam DuggadAs India gears up for its Union Budget in February 2026, the crucial question is whether the upcoming fiscal blueprint will focus solely on fiscal consolidation amid weak revenue growth…
Rupee hit an all-time low on Tuesday, breaching the 91 level against the US dollar for the first time. With this fall, the currency extended its losing streak, repeatedly plunging to fresh record lows amid sustained foreign fund outflows and ongoing trade-related uncertainty.In the last 10 trading sessions, the currency has weakened from the 90-per-dollar…
MUMBAI: Balaji Wafers plans to IPO the business in about five years or so as it gears up to get General Atlantic on board as an investor, said founder and MD Chandubhai Virani.The American private equity (PE) firm is acquiring a 7% stake in the Rajkot-based snacks company, valuing it at around Rs 35,000 crore,…
MUMBAI: It has been nearly three months since the new GST rates have kicked in but the fast-moving consumer goods (FMCG) sector is yet to see the full impact of the benefits of the tax cuts that drove down prices of a host of essentials.Consumers first rushed to buy durables and cars, where the cuts…
Mumbai: Lending through credit cards has come under sharper scrutiny as banks turn cautious amid signs of stress in the segment along with two-wheelers, commercial vehicles and micro loans against property. However, overall retail asset quality remains stable, TransUnion Cibil’s credit data for the Sept quarter showed.“In recent quarters, credit card originations declined while delinquencies…
Asian markets fell sharply on Tuesday, following Wall Street’s losses, as investors remained cautious ahead of the release of key US employment and inflation figures. Concerns over a potential tech bubble added to the cautious mood.Hong Kong’s HSI was trading at 25,139, down 489 or 1.91%. Nikkei also trimmed 673 points or 1.34% to 49,494….
Rupee extended its downward rally on Tuesday, slipping to a record low of 90.83 against the US dollar. The currency began trading on a weak note, opening 0.1% lower at 90.79 against Monday’s close of 90.73, as continued foreign fund outflows and trade-related uncertainty weighed on the domestic currency.The muted opening follows a sharp sell-off…
