Economy

New Delhi: India’s services sector activity remained steady in September, with the HSBC India Services Purchasing Managers’ Index (PMI) standing at 60.9, according to data released by S&P Global on Monday. Pranjul Bhandari, Chief…
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New Delhi:  Tesla and SpaceX CEO Elon Musk has become the world’s first person ever to reach a net worth of $500 billion, followed by Oracle’s Larry Ellison at a distant second. According to Forbes' billionaires index, Musk’s net worth…
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Mumbai: The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals. The central bank has decided to allow banks to finance acquisitions by Indian…
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Mumbai: The RBI has raised its projection of India’s GDP growth rate to 6.8 per cent for 2025-26 from 6.5 per cent earlier, as the implementation of several growth-inducing structural reforms, including streamlining of GST, is expected to…
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New Delhi: HDFC Bank has informed that its branch in Dubai International Financial Centre, namely ‘DIFC branch’, has received a decision notice from the Dubai Financial Services Authority (DFSA), restricting it from onboarding or soliciting…
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Mumbai: A well-developed financial system will be crucial as India embarks on its journey towards Viksit Bharat at 2047, SBI Chairman CS Setty has said. Addressing the capital market leaders here, he said a well-developed financial…
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New Delhi: India's primary market experienced its most active month this September in almost 28 years, as 25 companies went public on the mainboard, marking the highest number of listings since January 1997, when 28 were recorded. The…
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New Delhi:  US President Donald Trump's current stand on India, which involves a sharp hike in tariffs on goods imported from the world's fastest-growing large economy, "is strategically flawed and economically counterproductive", according…
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Mumbai:  The Indian equities closed sharply lower this week, as initial optimism in markets faded due to ongoing selling pressure from FII outflows amid US tariff concerns. Benchmark indices Nifty and Sensex ended the week with a loss of…
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New Delhi: As India’s Indian textile and apparel industry braces for US tariff impact in the coming months, mitigating factors include India’s strong presence in the cotton-based textile value chain, especially in the home textile segment,…
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