The latest increase comes ahead of the peak festive shopping period. Consumers could face higher prices for air conditioners, washing machines, refrigerators and LED TVs this festive season, with leading appliance and consumer electronics makers planning price hikes of up to 8% from October 1 as rising commodity and freight costs squeeze margins.The latest increase…
MUMBAI: Mehli Mistry, M Pallonji Group director and confidant of the late Ratan Tata, will not seek re-election as Tata Medical Centre Trust (TMCT) trustee when his term expires Sept 30. This will make it his sixth exit from an institution linked to the late industrialist since his death in Oct 2024. Mehli sent an…
GIFT Nifty breaks the $23 billion mark GIFT Nifty’s expansion since its full-scale launch in July 2023 has taken the international platform to another trading milestone, with turnover, volume and open interest all hitting fresh highs on September 25.The platform’s cumulative turnover reached $3.52 trillion as of September 25, 2026, while more than 76.19 million…
Where is rupee headed in near term? After suffering multiple lows over the year, rupee may now see some stability against the US dollar. The currency is likely to remain in the Rs 94.5-96 per dollar range in the near term, despite sizeable dollar inflows through FCNR deposits and external commercial borrowings (ECBs), according to…
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein Foreign investors may continue to remain cautious on Indian stocks even after the artificial intelligence (AI) trade peaks, brokerage Bernstein said. It said foreign investors are unlikely to return in large numbers unless India is able to build industries and companies…
Crude prices climbed as prolonged Iran tensions and disrupted Strait of Hormuz flows heightened concerns over Middle East oil supplies and refined-fuel availability. Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports…
New Delhi: Most urban travellers opt for hotels, guesthouses or house rentals for their stay for an overnight domestic trip, while dharamshalas remain the top place of stay for those from rural India.A part of the reason may have to do with the fact that over three-fourths of Indians who travelled in the past year…
Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
NEW DELHI: Govt will raise nearly Rs 7.9 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by Rs 1,20,494 crore despite global headwinds.The reduction in total borrowing indicates govt’s commitment to fiscal prudence.A senior finance ministry official said the reduction is mainly…
BENGALURU: The festive bonus is no longer always one big cheque at the end of a busy month. For workers packing orders, staffing stores or delivering parcels, the extra money can now come through a higher rate on a busy day, an attendance reward after a week, a productivity payout or a bonus for staying…
