The Indian rupee dropped to a lifetime low on Monday, with unfavourable trade and portfolio flows and the lack of a U.S.-India trade deal overshadowing the boost from stellar growth. The rupee declined to 89.59 against the U.S. dollar, dipping past its previous record low of 89.49 hit about two weeks ago. (Bloomberg) The rupee […]
India’s trade deficit widened to a record in October 2025 as imports rose due to higher domestic demand after a cut in consumption tax, while exports fell due to US tariffs on the world’s fourth largest economy. India’s exports fell 11.8% year-on-year to $34.38 billion in October, while imports stood at $76.06 billion, rising 16.6% […]
India’s retail inflation rate fell to its lowest on record in October 2025 due to a sharp drop in food inflation and GST rate cuts. Vegetable prices declined 27.57% after a 21.38% fall a month ago. (ANI) The consumer price index — a measure of India’s retail inflation — rose 0.25% from a year earlier, […]
Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.’s wireless carrier. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, […]
Builders continue to ‘brazenly’ exploit homebuyers with project delays, fund mismanagement, and repeated violations of agreements, often under the watch of RERA authorities. The Supreme Court has repeatedly flagged such lapses, noting that despite having wide powers to investigate, penalize, and issue binding orders under the RERA Act, many authorities remain ‘passive spectators’. This raises […]
Mumbai’s real estate market in 2025 continues to mirror the city’s stark economic divide, where record-breaking luxury deals stand in sharp contrast to shrinking affordability. Earlier this year, a sea-facing apartment in Worli made headlines with a staggering price tag of over ₹600 crore, equivalent to nearly ₹3 lakh per square foot. At the other […]
Gold prices fell by ₹2,400 to ₹1,32,400 per 10 grams in Delhi on Saturday, retreating from record highs even as buyers thronged jewellery stores on the occasion of Dhanteras, marking the beginning of the Diwali festival season. Gold and silver jewellery, utensils, kitchenware, vehicles, clothing, electronics, and more witness substantial sales during Dhanteras. (ANI) According […]
Maruti Suzuki India Ltd. is on track to deliver a record-setting 50,000 cars on Dhanteras, according to a company official, underscoring the resurgence in demand for cars following GST reforms. The Maruti Suzuki Victoris, the latest offering from India’s largest carmaker. (HT) “We have already done 38,500 deliveries today and expect to reach 41,000,” Partho […]
Gold prices are skyrocketing amid the ongoing festive season, with premiums in India hitting another record high at ₹1,32,953 on Saturday, on the occasion of Dhanteras. On Saturday, 24-carat gold stood at ₹1,32,953 per 10 grams, up by ₹3,350, while the 22-carat gold rate was priced at ₹1,21,883 per 10 grams. (PTI) People are willing […]
Nestle India Ltd. clocked record sales in the second quarter of the ongoing fiscal, on improving urban demand for its Maggi noodles to Nescafe coffee. Nestle India’s quarterly results came on a day when the Nescafe maker announced plans to cut 16,000 jobs globally over the next two years. (Reuters) Standalone net profit of the […]
