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The Economic Times wishes you and your loved ones a very happy and prosperous Diwali 2026
Videocon's Venugopal Dhoot declared bankrupt over Rs 12,668-cr SBI dues
The National Company Law Tribunal (NCLT) has declared former Videocon Industries promoter Venugopal Dhoot bankrupt, admitting State Bank of India's petition for Rs 12,668 crore in dues. A Bankruptcy Trustee has been appointed to manage the process and invite claims from creditors.
Actor Johnny Depp has owned several expensive properties across the world, and his real estate investments have often drawn attention from people interested in his life. Over the years, the superstar has bought homes in different locations globally. The list includes luxury homes in Hollywood, estates in Europe and a private island in the Caribbean.
Auto Sector Reports Strong Dhanteras Deliveries, Expects Diwali Boost
India's auto sector has reported robust vehicle deliveries during Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai India experiencing significant growth across two-wheeler, passenger vehicle, and commercial vehicle segments. This strong momentum is expected to continue through Diwali, driven by positive market sentiment and high demand, even in the pre-owned car market.
EU's 2030 move puts single-use sachets in focus
Now, over 70 years since they were invented, single-serve tomato ketchup sachets are slated to become contraband from 2030 under the European Union's Packaging and Packaging Waste Regulation. Maybe in the future, secret stashes of them will find their way on to the dark web (or its future equivalent) to be picked up for a fortune by collectors and hoarded away in airtight vaults. Even further in the future, they will be unearthed as 20th century material culture.A newly rekindled romance with Europe has seen the current Labour-led British government there become willin', Barkis-like, to adopt rules that routinely used to make their Conservative predecessors see red. And that has now led to talk of an outrageous assault on a familiar and beloved table accessory in countless British pubs and eateries: sachets of not only single-serve ketchup but also mayonnaise, mustard and vinegar, usually reposing in a convenient bowl.Also Read: Why best leaders don't try to save the worldNo doubt back in 1955, Messrs Harold Ross and Yale Kaplan did yeoman service to the food trade by apportioning the right amount of condiment and ensconcing it in a sachet that required less energy to open and dispense than bottles or jars. Bigger receptacles were messy and wasteful it was believed, and sachets offered a clean and ordered - read, pre-measured - alternative that required no thought. Clearly, they had read the average convenience junkie's mind perfectly.Of course, the primary beneficiary of these prepackaged condiments were eateries themselves. Which business would not want to obviate the chance of wasteful or butter-fingered customers dispensing more from bottles than necessary? The extra packing cost per unit of ketchup is recouped by lower wastage even though the sachets are offered free. Not many such sachets go waste anyway, even if a few brazen types grab handfuls of each to go with their fish and chips.Few humans can resist the allure of those sauce packets in our current stage of evolution. This writer included. When any of those come in my standard airline meal, I sagely tuck them into my bag rather than hand them back unopened along with my empty tray to the cabin crew. Ditto for wet tissue sachets, sugar packets, miniature jam and butter tubs and small water bottles. Is that wastage or thriftiness on my part? All my travel bags have a few tucked away from last time...Single-use sachets have become all pervasive in India, from pickles to shampoo, biscuits to spices, ointments to detergents. Speaking anecdotally, though, pan masala and gutka sachets appear to be the most pernicious. Those shiny, empty sachets find their way into every nook and cranny; most disturbingly they turn up even in the garden soil when I am repotting a plant. Millions of thoughtlessly chucked sachets now clog up our water bodies, forests and farmlands.Our planet would be better off without all sachets, but this EU regulation exempts takeaway food. So those ubiquitous oregano and chilli flakes sachets that arrive with pizza and burger orders will still be available for stockpiling by human packrats after 2030. Hospitals and nursing homes will also be exempt, on grounds of hygiene and safety. EU being EU, alternatives are also helpfully listed: refillable sauce dispensers, small bowls for jam and jugs for creamers.The EU regulation is aimed only at establishments that provide these to those who dine in. But there is a case to draw a line under this brilliant 20th century invention - for the sake of future centuries. Pre-portioned packaging really underestimates humans: we can go to the moon and deep space but cannot use a squeezy jar or a bottle at a fast-food restaurant or at home for ketchup or mustard? Single-use plastics are the most dispensable of inventions, pun intended.
Federal Reserve officials are weighing the inflationary risks from strong economic activity and the rapid expansion of artificial intelligence infrastructure, even as they signal the need for more data before determining the next steps on interest rates, Bloomberg reported.For live updates on US Markets, click here New York Fed President John Williams said inflation remained too high, although other indicators were not yet pointing to broader concerns. Speaking at an event hosted by the European Central Bank in Frankfurt on Friday, he backed the Fed's position that policymakers should gather more information before deciding the appropriate course for monetary policy.Inflation is absolutely too high, Williams said, while noting that wage growth remained consistent with the central bank's 2% inflation target and inflation expectations were well anchored.Fed weighs inflation against economic resilienceWilliams said monetary policy had an important role in preventing temporary price shocks from spreading into broader or more persistent inflation.Also Read: Federal Reserve rate hike bets strengthen as US jobs growth beats estimatesOur FOMC statement last meeting, I think, captures correctly that this is an appropriate time to accumulate more information to help us determine what the appropriate stance of policy is to make make sure we achieve a timely return to our 2% target, he said, according to the Bloomberg report.The Fed held interest rates steady at its previous meeting after raising its benchmark rate by 25 basis points in September to a range of 3.75%-4%. Policymakers have since emphasised the need for additional information while keeping the possibility of further rate increases open, Bloomberg reported.The central bank's preferred inflation gauge, the personal consumption expenditures price index, rose 3.6% in September from a year earlier. Underlying inflation measures that exclude food and energy also increased. Meanwhile, the US economy expanded at its fastest pace in a year in the quarter ended September.AI infrastructure raises fresh inflation concernsSeparately, St. Louis Fed President Alberto Musalem warned that the rapid build-out of AI infrastructure could add to near-term inflationary pressures, Bloomberg reported.When I look at inflation, excess inflation today, its coming both from negative supply shocks related to the Middle East and demand forces coming related to the AI build, Musalem said.While acknowledging AI's potential to improve productivity over time, he cautioned against shaping current monetary policy around benefits that may take years to materialise.We need to make monetary policy for the economy of the day, he said. We cannot make monetary policy for the economy as it may be five years from now.(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)
Dhanteras: Gold Sales Up 15-20% by Value, Volumes Flat
Indian jewellers reported robust demand for gold and silver on Dhanteras, with gold sales by value estimated to increase by 15-20 per cent to approximately Rs 60,000 crore, driven by a recent drop in prices. However, volumes are expected to remain flat compared to last year due to overall higher price levels.
Nearly 30 Indian investors reportedly lost more than 100 crore after their Stockal Securities accounts were allegedly accessed without authorization. How to file a complain.
A Chandigarh consumer commission directed UCO Bank to pay 15,000 to a widow after finding that its delay in revising her family pension amounted to deficiency in service. The commission said later payment of arrears did not erase the hardship and mental harassment caused.
A bench comprising Justice BV Nagarathna and Justice R Mahadevan was hearing a case arising from claims by government employees against the Punjab government over pending payments.
Netflix has unveiled plans for a live action prequel series titled Other Worlds: A Stranger Things Adventure, which will delve into various characters and supernatural tales set in the 1950s. Spearheaded by co-creator Kate Trefry and director Joe Wright, this project seeks to broaden the beloved Stranger Things universe. With production slated for New Mexico, fans can anticipate its premiere in 2028 while enjoying older seasons.
The appliance has separate storage for flour and water, along with a glass container for the sourdough starter. Users load flour and water into their respective compartments and keep their starter in the glass crock. The measured quantities of flour and water are automatically dispensed by the machine. The ingredients are mixed into the starter according to the selected feeding schedule.
NBFC credit to gold jewellery, consumer durables grows over 50 pc in Sep: RBI data
In September 2026, non-banking finance companies' credit to gold jewellery and consumer durables surged significantly. Credit for gold jewellery rose by 66.1 per cent to Rs 3.74 lakh crore compared to the previous year. Consumer durables also saw a 54.4 per cent increase in credit, reaching Rs 77,896 crore. Overall, credit growth for NBFCs stood at 15.4 per cent, totaling Rs 61.69 lakh crore.
The commission found that the developer had violated the terms of the agreement by selling the same property to another buyer despite having already accepted money from the original purchasers.
Govt to re-launch Bharat rice as prices rise, asks stakeholders to declare stock
The agencies have also been directed to explore all possible distribution channels to ensure wider reach and easy accessibility of Bharat Rice to consumers, the Food Ministry said in a statement
Air India weighs returning two office towers as cost-saving drive widens
Work-from-home policy being developed for affected staff; airline also trims international services
Central government employees GPF savings are distributed under rules governing nominations and eligible family members. Here's who can claim the funds if no nominee exists.
Jakarta's economy grows 5.87 percent in Q3, beats national average
Tea Board puts revised factory licensing guidelines on hold
businessline had reported that tea manufacturers in Coonoor had protested against the Boards notification restricting fresh applications for setting up new tea factories
Auto sector sees strong Dhanteras deliveries, expects momentum to continue till Diwali
Automakers and dealerships reported strong Dhanteras deliveries following robust Navratri sales, with Maruti Suzuki expecting over 30,000 deliveries and Tata Motors targeting 12,000 units. Hyundai anticipates nearly 14% growth in festive deliveries. Dealers reported healthy demand across vehicle segments, while the pre-owned car market also witnessed a significant sales uptick.
Paras Defence, BroadPak Partner For Advanced Chip Packaging In India
An Indian defence engineering company, Paras Defence and Space Technologies, has partnered with US-based BroadPak Corporation to accelerate the development of advanced semiconductor packaging capabilities in India. This collaboration aims to establish a facility for heterogeneous integration and 3D packaging, focusing on critical technologies for AI, high-performance computing, and defence applications.
India's Forex Reserves Drop to $717 Billion
India's foreign exchange reserves saw a decline of $2.691 billion, settling at $717.056 billion for the week ending October 30, according to the Reserve Bank of India (RBI). This marks a continued reduction from the all-time high recorded in September.
Heavy rain, flood forecast for New York
India's AI Focus: Application Capital Of The World
Union IT Minister Ashwini Vaishnaw reiterated India's commitment to becoming the world's artificial intelligence (AI) application capital. This focus comes amidst a global downturn in AI stocks, with Vaishnaw acknowledging the industry's rapidly changing environment. India aims to deploy AI across various sectors for large-scale transformation.
Govt working on telecom PLI with focus on higher local value addition
The Ministry of Communications is preparing to propose a second edition of the telecom production-linked incentive scheme. This new scheme will emphasize design-led higher value addition in the telecom sector. The first edition of the telecom PLI scheme attracted significant investments and involved approvals from numerous companies. Additionally, incentives under design-led manufacturing have been applied for by several firms. The proposal will undergo inter-ministerial consultation before seeking Union Cabinet approval.
Foreign institutional investors (FIIs) stepped up their buying in Indian equities on Friday, November 6, pumping in a net Rs 13,750 crore and extending their buying streak to 14 trading sessions. With the latest purchase, cumulative FII investments since October 16 have reached Rs 53,154 crore, according to the exchange data.Friday's buying followed another massive investment of Rs 14,975 crore on Thursday, November 5, marking the biggest single-day FII purchase in Indian equities in more than a year.The pace of foreign buying has accelerated in recent sessions, with FIIs investing a net Rs 34,584 crore over the past five trading sessions alone. The latest inflows mark a sharp turnaround from the prolonged selling witnessed earlier this year, when overseas investors withdrew billions of dollars from Indian equities.The foreign buying came even as domestic institutional investors (DIIs) continued to sell. DIIs offloaded shares worth a net Rs 5,969 crore on Friday, following net sales of Rs 10,445 crore in the previous session. Their combined net selling over the two sessions stood at Rs 16,414 crore.The return of foreign buying follows months of sustained selling amid elevated crude oil prices, geopolitical tensions in West Asia, a weakening rupee and concerns over corporate earnings.Foreign selling intensified in September and October as oil prices climbed and global investors reduced their exposure to emerging markets. The outflows had pushed foreign ownership of Indian equities to historic lows.Global brokerage Nomura said Indian equities could become more attractive to foreign investors as earnings improve and valuations remain below their post-pandemic averages. It also noted that the correction in artificial intelligence-related stocks in international markets could encourage investors to redirect capital towards other markets, including India.Expectations of a possible reduction in long-term capital gains tax for foreign investors have also added to optimism, although any such change remains uncertain.ALSO READ: $5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this DiwaliSensex, Nifty climb higherIndian equities defied a global sell-off on Friday, extending their winning streak as investors turned to domestic markets as a relative safe haven amid turmoil across global markets. The Nifty 50 surged 494 points, or 2.01%, to settle at 25,030, while the BSE Sensex advanced 1,718 points, or 2.17%, to close at 81,028.The broader markets, however, came under pressure. The Nifty Smallcap 250 declined 0.85%, while the Nifty Midcap 100 ended marginally lower, signalling continued weakness beyond the benchmark indices.Among sectoral indices, the Nifty Private Bank index led the gains, rallying more than 3%, while the Nifty Financial Services index advanced over 2.5%. The Nifty Consumer Durables index also gained around 2%.Despite the sharp gains in benchmark indices, market volatility remained elevated. The India VIX, which gauges expected market volatility, surged more than 13% to trade near the 18 mark.Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their relative(s) (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
FDA suspends 105 food business licences, Blinkit, Zepto among them; orders closure of 7 outlets
Maharashtra FDA has suspended the licences of 105 food outlets, including those linked to Blinkit and Zepto, and ordered seven establishments to shut following inspections ahead of Diwali. The two-day drive uncovered hygiene and food safety violations, leading to the seizure of 39,485 kg of food articles worth Rs 1.35 crore.
India to become worlds second largest RE growth market by 2031: IEA
Chinas declining share of global renewables capacity growth is shifting market focus to India, says IEA
Airlines seek Civil Aviation Ministry help for restoration of Mumbai airport slots
The latest representation follows Mumbai airports decision to deny summer schedule slots to foreign airlines
Sugar output jumps to nearly 13 lakh tonnes so far in 2026-27 market year: ISMA
Indian Sugar & Bio-Energy Manufacturers Association (ISMA), in a statement on Friday, said the 184 sugar mills have commenced crushing operations across the country as of November 5, 2026, compared to 154 mills during the corresponding period of the preceding year.
Dead animals, rat poison found at Ohio farm
CBSE announces Class 10, 12 board exam dates
Govt eases direct overseas listing norms for Indian companies
The Indian government has amended direct overseas listing norms, allowing companies to list convertible debentures and preference shares, in addition to equity shares, on international exchanges in the GIFT IFSC. Unlisted public companies and those with negative net worth can also list, subject to conditions.
Weather in next 15-20 days crucial for Rabi sowing to narrow deficit
The weather is very dynamic and the district wise contingency plan for the Rabi season is also constantly getting updated, said M L Jat, director general of ICAR
Air India starts using Iraq airspace to save fuel
West Asia conflict brings together India, EU to enhance wind energy trade
While India provides manufacturing scale and cost effectiveness, EU brings in the technology know-how
States' capital outlay may rise 10-12% to 8.5 trillion in FY27: Crisil
Higher central support under the SASCI scheme and improved fiscal headroom are expected to boost states' capital spending, with urban infrastructure driving growth in H2FY27
Dasgupta says there is enough land available at present in the State to take care of the initial demand for the next two to three years
Pressure on rupee continues in Samvat 2082; 10-year bond yields harden
The rupee depreciated 6.37 per cent against the dollar in Samvat 2082 amid FPI outflows and global uncertainty, while the benchmark 10-year bond yield rose 69 basis points
ADNOC inks 10-year LNG supply and purchase agreement with Gujarat Energy
This would be ADNOCs fifth long-term LNG supply agreement with India.
U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate held steady at 4.2%. U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
Cane crushing to gain momentum in Karnataka with farmers ending protest
Belagavi mills agree to 3,600 per tonne for 2026-27 season; protesting growers demand 4,500 and a State Advised Price
Premium Kashmiri apples find growing demand in southern markets amid Iran supply disruptions
The demand has been particularly strong in markets in Chennai and Kerala, where consumers have a preference for high-quality apples, traders said
Government focuses on scientific research into solutions for coastal communities: MoES Secretary
Highlighting key initiatives of the Ministry, Kumar said the Deep Ocean Mission focuses on exploring the deep sea, developing indigenous technologies and strengthening ocean observation services
A loan guarantor may be responsible for a borrowers debt, interest and penalties after default. Before signing, one should consider certain risks and know when to decline the arrangement.
Indias first dedicated Green Methanol Bunkering hub nears commercial launch at VOC Port
VOC Port is completing port-readiness processes, statutory requirements and trial bunkering ahead of its targeted commercial launch by the end of November 2026
Stranger Things fans are buzzing with anticipation for November 6, aka Stranger Things Day. Recent teasers from Millie Bobby Brown and Ross Duffer have fueled hopes of exciting new content. Although Netflix has confirmed a blooper reel from Season 5 as part of the festivities, fans are still speculating about future projects, including a potential live-action spin-off and an animated series.
Voltas names Noel Tata chairman emeritus
Govt opens TRQ applications for British vehicle imports for CY 2027
Importers have until November 21 to apply for preferential duty allocations under the India-UK free trade agreement.
Australia likely to join Indias pigeonpea supply chain
Farmers Down Under are keen to grow tur for the Indian market and could emerge a key supplier as in chickpeas and lentils
Yara India launches its first own biostimulant under YaraAmplix brand
It has been designed with over 50 years of formulation knowledge and over 10 years of research and development in biostimulants
India's Union Minister G Kishan Reddy announced plans to boost steel production significantly by 2047. The goal is to reach 300 million tonnes by 2030 and 500 million tonnes by 2047. Steel is essential for construction, linking to the aspirations of people for housing. The government also aims to increase iron ore production and improve raw material availability for the steel industry.
Retail inflation may breach 6% in October amid rising food prices
Statistics Ministry will formally release the retail inflation data on November 12
Katy Perry's former home rents for $275K/month
Rich countries benefitted more from COVID-19 vaccine's return on investment than poor ones: Study
COVID-19 vaccines generated economic benefits worth USD 60 to USD 809 for every dollar invested in their development and distribution, a global study of 173 countries has found. However, high-income countries gained more due to earlier access and faster rollouts, while delayed vaccine availability limited benefits in poorer nations.
Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.
Microfinance portfolio shrinks 5% YoY to Rs 3.28 trillion in September
On a sequential basis, the portfolio contracted 1.4 per cent, while active loans and the live customer base fell 6.5 per cent and 3.9 per cent, respectively.
NBFC gold loans rise 66% to 3.74 trillion as retail lending picks up pace
Outstanding gold loans at NBFCs rose 66.1 per cent year-on-year in September, outpacing other retail segments, while concerns emerged over lending to borrowers with overdue loans
Cybercrime networks shift to smaller, mobile scam operations amid enforcement pressure: FATF
In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.
NIVARA 101: Rattha Realtys new residential project takes shape on Nelson Manickam Road, Chennai
NIVARA 101 is a 21-storey residential development located on Nelson Manickam Road in Chennai. It features signature 3 and 4 BHK residences, ranging from 2,280 to 3,714 sq. ft. Alongside the residences, four floors of lifestyle amenities enhance the residential experience for residents. The development caters not only to local buyers but also to NRIs seeking a home in Chennai.
Trump's Midterm Defeat: What Changes for India, China and the World? | The Morning Brief Decode
DGFT seeks applications from importers to allocate quota for certain goods under India-UK FTA
DGFT invites fresh TRQ applications for 2027 under the CETA as India wraps up 2026 quota allocations for UK-origin auto imports
'Our elections are so crooked...': Trump blasts DSA midterm Winners, shows off his veto weapon
A new era of LPG convenience with Indane XtraLite Now and Indane Chhotu
IndianOil is revolutionizing the LPG market with the introduction of Indane XtraLite Now and Indane Chhotu tailored for contemporary consumers. The 10-kg Indane XtraLite Now features a lightweight and durable design, perfect for stylish kitchens. Meanwhile, the 5-kg Indane Chhotu is ideal for individuals or small households, catering to their modest gas needs.
'I was jumping up & down': Ontario Premier Doug Ford brutally mocks Trump after midterm elections
Delhi: GRAP 3 kicks in; check what's banned
Old-economy, banking and finance stocks dominate in Deepavali picks by brokerages
Despite deep corrections, analysts not keen on Infy, TCS, Wipro; Reliance, Jio Platforms also do not generate interest
Centre earns Rs 970 crore from scrap disposal
Vice-President Radhakrishnan to be chief guest at Ayodhya Deepotsav
Ayodhya is preparing for a record diya-lighting event on Saturday, with foreign tourists and cultural troupes arriving as officials step up security and crowd management measures.
The consumer court ruled that the landlord could not withhold the security deposit without producing evidence of damage to the property or establishing any outstanding rent, utility bills or other dues
Rupee hits six-month high of 93.91 against dollar on oil price decline
The rupee gained 0.60 per cent to close at 93.91 against the dollar on Friday, its highest level since April 22, supported by falling crude oil prices and foreign equity inflows
ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields
ONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating with Venezuela's PDVSA to take operational control of the San Cristobal and PetroCarabobo projects. This move is expected to enhance ONGC's ability to recover historical dividends and improve cash flow management. Discussions with relevant parties have progressed, and new agreements are anticipated soon.
Inward FDI to ODI ratio narrows to 4.2 times in FY26 from 5.5 times: RBI
The RBI's annual census shows a narrowing gap between inward FDI and overseas direct investment, with the US emerging as the largest source of outstanding FDI in India.
Paddy procurement to infuse 16,000 cr into Uttar Pradesh's rural economy
State aims to procure 6.5 million tonnes of paddy by February 2027, with payments to farmers promised within 48 hours
Dolly Parton free books: How parents can sign up
States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges.
'Continue my policy, else': Trumps blunt warning to Texas Gov-Elect Hinojosa on border security
Silver prices reversed their recent upward trend on Dhanteras. Check how much silver costs in Chennai today.
Government plans to empower TRAI to penalise telecom operators flouting rules
The government is addressing issues related to Trai's authority to penalise telecom operators for violating rules. Complaints about pesky calls and SMS have surged, reaching over 20.75 lakh in just the first half of this year. Although complaints have increased significantly, disconnections of telecom resources misused for such communications have decreased. Meanwhile, the number of blacklisted entities involved in this issue has risen continuously over the last few years.
India's foreign exchange reserves drop by $2.69 billion to $717 billion
India's forex reserves dropped by USD 2.691 billion to USD 717.056 billion during the week ended October 30, the RBI said on Friday. In the previous week, the forex kitty had reduced by USD 1.269 billion to USD 719.748 billion. The reserves had touched an all-time high of USD 785.706 billion during the week ended September 4, driven by a heavy flow of currency as part of a special concessional swap for deposits from the diaspora through which banks raised a record USD 133 billion, but have been on a decline ever since. Experts attribute this decline to the deployment of the FCNR(B) resources and also to currency defence put up by RBI through dollar sales. During the week ended October 30, foreign currency assets, a major component of reserves, decreased by USD 2.088 billion to USD 591.118 billion, according to the data released by Reserve Bank of India (RBI). Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, suc
UPI merchant charges: Can NPCI legally impose fees on businesses?
NPCI says merchant charges are important to sustain UPI, but the Supreme Court will analyse the legal basis of the levy, its validity and its impact on businesses
A Delhi consumer commission ordered Kia dealer Jayanti Motors and its managing director to refund 1.08 lakh with 9% annual interest, pay 1 lakh compensation and 25,000 in legal costs for failing to deliver a booked Kia Carnival.
Electric vehicle sales in India experienced significant growth in October, reaching 354,625 units. E-two-wheeler sales contributed most, totaling 224,064 units this year. There was also a notable increase in e-passenger vehicles, with volumes rising to 37,049 units. Electric three-wheelers grew to 88,570 units, continuing the overall upward trend in the EV market. The report indicates that demand continues to exceed supply due to rising fuel prices.
Sugar production rises to 12.85 lakh tonnes, 184 mills begin operations: ISMA
Sugar production during the current season has reached 12.85 lakh tonnes, against 3.20 lakh tonnes produced by the corresponding date last year.
Cybertruck production ends: Musk faces new setback
Premji Invest pumps $35 million into Hical Tech
Real estate stock ends session higher as company's revenue rises over 2-fold, check details
Shares of realty firm Signature Global Ltd ended today's trading session in the green amid a rally in the stock market and strong quarterly results. The stock ended the session at Rs 742.65, up Rs...
Mitti Labs receives over 97,000 rice methane certificates for its South India projects
Rice farming alone emits around 1 billion tonnes of carbon dioxide equivalent every year, as much as the global aviation industry
Airtel reclaims No. 2 spot as Indias most valuable co
