Rupee outlook: Currency slips to 89.53 against US dollar; manufacturing and industrial growth slow

Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At […]

Black Friday boost: Online sales in India jump 27%; FMCG, beauty & personal care leads growth

NEW DELHI: Black Friday sales in India recorded a strong rise this year, with overall order volumes growing 27% compared to 2024, according to an analysis by e-commerce enablement platform Unicommerce. The surge was driven largely by healthy food products, beauty and personal care, and home categories.The findings highlight the increasing popularity of the global […]

India’s GST Collections Rise to Rs 1.70 Lakh Crore in November Amid Rate Cuts and Import Growth, ETCFO

India’s Goods and Services Tax (GST) mop-up in November posted a modest rise, with gross collections touching Rs 1.70 lakh crore, a 0.7 percent increase over the same month last year. Despite the impact of rate rationalisation and softer domestic demand, GST inflows held steady, supported by import-linked revenue and ongoing policy reforms.NET REVENUE EDGES […]

Stock market today: Nifty50 above 26,250; BSE Sensex near 86,000 as 8.2% GDP growth lifts sentiment

With strengthening expectations of global rate cuts and India’s growth prospects validated by robust GDP figures, market experts indicate a favourable medium-term market outlook. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday on the back of strong domestic fundamentals and better-than-expected GDP growth numbers. […]

‘Incredible potential’: British Airways eyeing expansion in India, says COO; cites rising demand, growth of local carriers

British Airways is preparing to expand its India operations to tap into the country’s fast-growing aviation market and rising outbound travel demand, a senior airline executive said, citing the country’s “incredible potential”.The carrier, which has been flying to India for more than a century, currently operates 56 weekly flights from Indian cities to London — […]

Economy

High growth rate brings difference in opinions on rate cut by Monetary Policy Committee

Much higher headline growth number than expectation has caused differences among economists on policy interest rate. Interestingly both sides use lower inflation and higher growth rate for making their case for pause or rate cut. The Monetary Policy Committee (MPC) will meet for 5th time during the current fiscal year between December 3 and 5 […]

REIT market poised for five-fold expansion: Rs 10.8 trillion growth opportunity in office, retail; top 7 cities to drive growth

India’s Real Estate Investment Trust (REIT) market is set for a significant upturn, with an estimated Rs 10.8 trillion growth opportunity emerging across office and retail segments over the next four years, according to a report by JLL, a real estate and investment management company.“The REIT sector [is] positioned for an additional Rs 10.8 trillion […]

‘Continue to see relentless growth’: Piyush Goyal on India’s GDP after 8.2% Q2 surge; credits reforms and ease-of-business push

File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal on Saturday said India’s stronger-than-expected 8.2% GDP expansion in the July–September quarter reflects the government’s sustained reform drive and measures to make business operations smoother. Speaking during a national padyatra in Gujarat, he said the numbers […]