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Michael Patra | Photo Credit: Corporate investments are the missing links in the Indian economy which had a three-year average annual growth rate of 8.1% in fiscal 2024, according to former RBI deputy governor and economist Michael Patra. India spends among the lowest per capita on physical infrastructure ($90), Dr. Patra said. “We need to…
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India’s current account deficit (CAD) narrowed to $2.4 billion (0.2% of GDP) in the April-June quarter (Q1FY26) from $ 8.6 billion (0.9% of GDP) in the year ago period and against a surplus of $13.5 billion (1.3% of GDP) in Q4:FY25, according to data released by the Reserve Bank of India (RBI) on Monday (September…
Maruti Suzuki India Ltd. reported a more than 7% fall in domestic sales at 1,44,145 units from 1,55,779 units sold in August 2024. | Photo Credit: Reuters Top passenger car companies witnessed reduced sales in August 2025 possibly due to buyers deferring purchase decisions to pay lower goods and services tax (GST) as and when…
Deutsche’s retail banking revenue in India in the financial year to March 2025 stood at $278.3 million, its disclosures show. File. | Photo Credit: Reuters Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it…
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BHEL faces fines for noncompliance with SEBI regulations by not appointing required independent directors, seeks waiver. File | Photo Credit: The Hindu State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Monday (September 1, 2025) said the bourses BSE and NSE have imposed a fine of ₹5,36,900 each for not appointing independent directors as required…
Union Minister Ashwini Vaishnaw. File | Photo Credit: The Hindu Seeking to address concerns of the industry mired in uncertainties since the passing of the online gaming legislation, Union Minister Ashwini Vaishnaw and officials of the Ministry of Electronics and Information Technology (MeitY) met industry representatives on Monday (September 1, 2025), according to government sources…
Foreign Institutional Investors offloaded equities worth ₹8,312.66 crore on August 29, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated 10 paise to close at an all-time low of 88.19 (provisional) against the U.S. dollar on Monday (September 1, 2025) amid Indo-U.S. trade deal uncertainties and higher dollar demand from importers. …
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A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: Reuters Benchmark BSE Sensex on Monday (September 1, 2025) rebounded by nearly 555 points on value buying in IT, auto and banking shares after three straight days of losses and strong macro data. The 30-share Sensex jumped 554.84 points or 0.70% to…
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