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The mining and quarrying sector grew 6% in August 2025, a 14-month high, snapping a four-month streak of contractions. File | Photo Credit: The Hindu Growth in industrial activity in India slowed to 4% in August 2025 from its 6-month high growth of 4.3% in July. Growth was dragged down by the consumer durables and…
Falling for the seventh consecutive session, the 50-share NSE Nifty slipped 19.80 points or 0.08% to 24,634.90. Nifty has dropped more than 3% in the seven straight sessions due to selling by foreign investors. File. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday (September…
Union Minister of Commerce and Industry Piyush Goyal in the U.S. | Photo Credit: PTI India is negotiating free trade agreements (FTAs) with a number of countries including the U.S., New Zealand, Oman, Peru, Chile, and the European Union, Commerce and Industry Minister Piyush Goyal said on Monday (September 29, 2025). He said that Qatar…
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At the interbank foreign exchange, the rupee opened at 88.69 against the U.S. dollar, and finally settled for the day with a loss of 7 paise at 88.79 (provisional), its lowest-ever closing level so far. File. | Photo Credit: Reuters Rupee consolidated in a narrow range and settled for the day lower by 7 paise…
Read More “Rupee falls 7 paise to all-time closing low of 88.79 against U.S. dollar” »
Image used for representation purpose only. | Photo Credit: Reuters Moody’s Ratings on Monday (September 29, 2025) affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3 with a ‘Stable’ outlook on the back of robust economic growth and sound external position. The global rating agency also affirmed India’s…
Read More “Moody’s retains India rating at ‘Baa3’, maintains stable outlook” »
“The partnership will also take advantage of UST’s digital engineering, AI-driven process improvements, and real-time data analysis,” a UST in a statement | Photo Credit: Getty Images/iStockPhoto UST, an AI and technology transformation solutions firm, announced a strategic investment in Kaynes Semicon, an Indian semiconductor manufacturer to set up a ₹3,330 crore Semiconductor Manufacturing facility…
File photo of Consumer Affairs Secretary Nidhi Khare. Consumer Affairs Secretary Nidhi Khare on Monday (September 29, 2025) said the government’s National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. “We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board…
Representational image of the Reserve Bank of India (RBI) logo pictured outside its head office | Photo Credit: Reuters The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. The Appointments Committee of the Cabinet approved his appointment on Monday (September 29, 2025). Mr. Murmu’s…
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Lufthansa planes stand parked as Frankfurt airport. | Photo Credit: Reuters German airline Lufthansa said on Monday (September 29, 2025) it would slash 4,000 jobs, mainly in Germany, by 2030 in a bid to cut costs after a fall in earnings. Europe’s biggest airline group said the move would essentially target administrative posts and not…
Read More “Germany’s Lufthansa says will slash 4,000 jobs by 2030” »
The government has signed agreements with 26 overseas and domestic firms during the ‘World Food India’ summit for investments worth ₹1.02 lakh crore in India’s food processing sector. The summit, organised by the Ministry of Food Processing Industries, was held at Bharat Mandapam in the national capital from September 25 to 28. In an official…