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Business / The Economic Times

Union Budget 2026: Will GST 2.0 consumption boost help Nirmala Sitharaman adhere to fiscal glide path?

India's economy is ending the fiscal year strongly. Landmark tax reforms and firm fiscal discipline are key drivers. Finance Minister Nirmala Sitharaman is preparing Budget 2026. This budget will focus on strategic spending and economic stability. Global challenges are present. GST collections remain steady after rate cuts. This indicates ongoing economic activity and better compliance.

4 Dec 2025 1:43 am
ET Graphics: As Rupee breaches 90, a look at who loses and who gains

The Indian rupee has hit a historic low against the dollar. This slide raises concerns about import costs and stock market stability. However, the economy shows resilience with strong growth and low inflation. Experts are examining who is affected by this currency movement and who might benefit from it.

4 Dec 2025 1:02 am
More than rupee level, its non-volatility is key: Bajaj

Sanjiv Bajaj, the chairman of Bajaj Finserv, expressed confidence in the rupee's fair value while emphasizing the need to manage its volatility. He downplayed concerns about the rupee potentially reaching 90 against the dollar, highlighting that a low-interest rate climate is conducive to growth in India's manufacturing and infrastructure sectors.

4 Dec 2025 12:46 am
'8th Economic Census to be held in 2027': Statistics Secretary Saurabh Garg

India will conduct its eighth Economic Census in 2027. This census will follow the population census. Data from the Economic Census will establish a statistical business register. This register will map all enterprises across states. It will track their operational status. The Economic Census provides vital information for policy decisions. The population census is scheduled for 2026 and 2027.

4 Dec 2025 12:43 am
'Reduce dependence on any single geography for long-term resilience': Piyush Goyal

Commerce Minister Piyush Goyal has urged Indian industry to identify weaknesses and innovate for future growth. He stressed reducing reliance on any single country due to the weaponization of trade. Goyal highlighted India's strong economic performance with 8.2% growth and low inflation. He emphasized self-sufficiency in critical products and strengthening domestic supply chains.

4 Dec 2025 12:39 am
'Draft Atomic Energy Bill in advanced stage, taking in all ministry inputs': Jitendra Singh

India's Atomic Energy Bill 2025 is in its final stages. The government is incorporating suggestions and legal reviews. Discussions with Russia's Rosatom are progressing on nuclear energy cooperation. This includes developing both large and small nuclear power plants. Focus is also on localizing equipment production. Small modular reactors are a key area of discussion.

4 Dec 2025 12:32 am
CII president Rajiv Memani bats for fresh manufacturing reforms, sovereign wealth fund

India must implement new measures to boost manufacturing and supply chain strength. A sovereign wealth fund is proposed to support advanced manufacturing and critical minerals. The Confederation of Indian Industry suggests using disinvestment funds for long-term transformation. This plan aims to reduce import dependence and foster local production, creating significant economic value.

4 Dec 2025 12:30 am
Higher pharma, chemicals exports to Russia bloc on agenda to trim deficit

India is negotiating a trade deal with the Eurasian Economic Union to increase exports of pharmaceuticals, chemicals, and engineering goods. The agreement aims to reduce India's trade deficit with Russia. Discussions focus on product categories and potential restrictions. This move comes ahead of Russian President Vladimir Putin's visit. The EAEU market presents significant opportunities for Indian businesses.

4 Dec 2025 12:29 am
Strong political push to seal India-EU FTA by 2025-end, says EU Ambassador

The EU and India are committed to finalizing their Free Trade Agreement by the end of 2025, with 11 out of 23 chapters already closed. Key areas like market access for cars and services remain under negotiation. This strategic partnership, representing 25% of global GDP and population, aims to boost bilateral trade, currently at $136 billion.

3 Dec 2025 10:44 pm
Debt gap rises to 50-year high in developing countries: World Bank

Developing nations face a severe debt crisis. The gap between debt repayments and new financing has reached a 50-year peak. External debt for these countries hit a record high in 2024. India's external debt also saw an increase. However, India benefited from bond index inclusions and increased lending. South Asia experienced significant net inflows, largely directed to India.

3 Dec 2025 10:13 pm
Budget 2026: A look into how Indias manufacturing & services sector is performing before Feb 1 announcements

India's business activity remains strong despite global headwinds, with services sector accelerating while manufacturing moderates. US tariffs and waning festive demand impacted factory output, yet robust domestic demand fueled services growth. Despite a dip in export orders and overall business optimism, the economy shows resilience, with upcoming budget decisions crucial for future growth.

3 Dec 2025 10:09 pm
NCLAT says Committee of Creditors has right to appoint liquidator for debt-ridden firm, not NCLT

The National Company Law Appellate Tribunal (NCLAT) ruled that only the Committee of Creditors (CoC) can appoint a liquidator for a company undergoing insolvency if the Resolution Professional (RP) hasn't provided written consent. The NCLAT set aside NCLT's appointments, stating the tribunal can only replace an RP, not appoint a liquidator independently of the CoC's choice.

3 Dec 2025 9:33 pm
Ahead of Market: 10 things that will decide stock market action on Thursday

Indian markets extended their slide for a fourth session as investors remained cautious near record highs ahead of the RBI's interest-rate decision. The Sensex and Nifty edged lower, with the rupee hitting an all-time low due to persistent foreign outflows and trade uncertainties.

3 Dec 2025 9:29 pm
Budget 2026: How Indias inflation evolved over the past year

Budget 2026: A comprehensive look at Indias inflation trajectory over the last year ahead of Budget 2026, shows that India's economic narrative is shaped by a disinflationary trend, with both retail and wholesale price indices softening significantly. This shift allows the Finance Minister to focus on growth support in the upcoming Budget 2026, as inflation settles comfortably within the RBI's tolerance band.

3 Dec 2025 9:20 pm
Exports record healthy growth in November: Piyush Goyal

The commerce ministry will release the export and import data for November on December 15.

3 Dec 2025 9:07 pm
American Bitcoin steadies after share lock-up expiry sparks near 40% plunge

Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in premarket trading on Wednesday, a day after slumping nearly 40% following the expiry of a share lock-up.

3 Dec 2025 8:50 pm
Rupee crosses psychologically important 90/$1 mark for the first time

The rupee briefly crossed ninety against the dollar as trade imbalances, foreign investor exits and delays in a US trade deal pressured the currency. Despite limited RBI intervention, expectations of further weakening persist, with rising hedging costs and continued portfolio outflows.

3 Dec 2025 8:48 pm
World Bank warns developing world 'not out of danger' as debt costs hit record

In its annual International Debt Report, the Washington-based lender also found that overall interest payments had hit a fresh record of $415.4 billion in 2024 despite some relief from falling global interest rates.

3 Dec 2025 8:39 pm
Piyush Goyal asks industry to lower dependence on single geography amid trade weaponisation

Commerce and Industry Minister Piyush Goyal urged industries to identify vulnerabilities, innovate, and diversify supply chains to ensure long-term resilience, citing the weaponization of trade. He highlighted India's strong economic growth of 8.2% and robust foreign exchange reserves, emphasizing the need for self-sufficiency in critical sectors and deeper global integration.

3 Dec 2025 8:38 pm
Market Trading Guide: Buy Anupam Rasayan & Infosys on Thursday for up to 10% gains

Benchmark indices fell for a third straight session, pressured by banks and financials ahead of the RBI policy. Technical indicators show weakening momentum, with Nifty slipping below the 21EMA. Analysts expect a bearish-to-sideways trend, while Anupam Rasayan and Infosys emerged as top buy ideas.

3 Dec 2025 8:34 pm
NephroPlus announces IPO launch on December 10. Check key details

Nephrocare Health Services IPO opens December 10 with a fresh issue and OFS totaling significant funds. Proceeds will support new dialysis clinics, debt repayment, and expansion. Indias largest dialysis network, NephroPlus operates 519 clinics globally and reported strong financial growth in FY25.

3 Dec 2025 8:32 pm
US stocks open lower as investors assess data, Microsoft falls

Wall Street's main indexes opened lower on Wednesday, as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said the tech giant lowered its sales growth targets for certain artificial intelligence products.

3 Dec 2025 8:09 pm
RBIs MPC starts three-day meet; key rate decision on Friday

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. Markets expect a rate cut, but some experts believe the RBI might hold rates steady. Inflation is falling, and economic growth is strong. The committee's decision will be announced on Friday.

3 Dec 2025 7:29 pm
Bank of Maharashtra OFS oversubscribed, govt mops up Rs 2,492 cr

With the oversubscription of the offer-for-sale (OFS) of state-owned Bank of Maharashtra, the government is expected to realise about Rs 2,492 crore by diluting its 6 per cent stake in the bank.

3 Dec 2025 7:25 pm
Not losing sleep over falling rupee against dollar, expects improvement next year: CEA

India's Chief Economic Adviser V Anantha Nageswaran remains optimistic despite the rupee's decline against the US dollar, projecting a rebound in the coming year. The government is poised for a significant surge in foreign direct investment, aiming to exceed $100 billion this year.

3 Dec 2025 6:35 pm
Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on sin goods

New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobacco items. A health and national security cess will apply to pan masala. This ensures high taxation on these goods continues. The government aims to repay loans and end the compensation cess soon.

3 Dec 2025 6:17 pm
India to update national accounts base year to 202223; new data effective from February 2627, says Nirmala Sitharaman

India is updating its economic data framework. The base year for national accounts will change from 2011-12 to 2022-23. This revision will happen next year. The move aims to better reflect the current economy. It addresses concerns raised by an international report. The new base year will provide more relevant economic statistics for the nation.

3 Dec 2025 6:06 pm
Russia's Sberbank seeks to boost imports, labour migration from India after Putin's visit

Russia's Sberbank is boosting trade with India, focusing on imports and skilled workers. The bank is facilitating deals with over 6,000 Indian firms new to Russian trade. Payments are being made in national currencies, bypassing sanctions. Russia seeks to increase bilateral trade to $100 billion. India's IT, pharma, and machine-building sectors are highlighted.

3 Dec 2025 5:58 pm
Cupid among 5 stocks hit 52-week highs; gains up to 51% in a month

Five small-cap stocks, including Cupid, surged to new 52-week highs despite a muted market, posting strong monthly gains of up to 51%.

3 Dec 2025 5:30 pm
Despite tax short-fall, Govt on track to meet fiscal deficit and CAPEX targets: PwC India

India's government is set to achieve its fiscal deficit and capital expenditure goals. Strong non-tax revenues and early spending are supporting this. Nominal GDP growth may be slightly lower than predicted. Private investment is still cautious due to global and domestic uncertainties. Upcoming GST data will reveal consumption trends.

3 Dec 2025 5:18 pm
Gainers & Losers: Indian Bank, Infosys among 5 stocks in spotlight on Wednesday

D-Street extended their losing streak as banks, autos and FMCG stocks fell under pressure on rupees record slide. Indian Bank, Angel One and key auto stocks declined, whereas Infosys and DOMS saw strong buying interest.

3 Dec 2025 5:14 pm
India's smartphone export to US triples to $1.47 bn in Oct

India's smartphone exports to the US have surged over threefold to $1.47 billion in October, defying global challenges. Cumulatively, exports to the US reached $10.78 billion from April to October, a significant jump from the previous year. This robust growth, despite tariff uncertainties, highlights India's strategic advantages and increasing integration into global supply chains.

3 Dec 2025 5:09 pm
NephroPlus set to launch IPO open on Dec 10; eyes Rs 353-cr via fresh issue

Dialysis services provider Nephrocare Health Services Ltd, known for its brand NephroPlus, is set to launch its initial public offering, comprising fresh issue of shares worth a little over Rs 353 crore, on December 10.

3 Dec 2025 5:08 pm
Rupee's destiny is to depreciate and 90/US dollar is new normal: Nilesh Shah

The destiny of the rupee is to depreciate further, and the 90-per-dollar mark breached on Wednesday is the new normal for the Indian currency, a senior financial services executive said on Wednesday.

3 Dec 2025 5:04 pm
Manipal Hospitals said to file $1 billion India IPO in January

Manipal Health Enterprises is preparing to file for a $1 billion IPO in January, aiming for a valuation of up to $13 billion, which could make it Indias most valuable hospital chain. Backed by Temasek, the company has grown rapidly through acquisitions and is working with major banks to launch the countrys biggest hospital-sector listing.

3 Dec 2025 5:01 pm
Pine Labs Q2 Results: Co swings to black, logs profit of Rs 6 crore, revenue jumps 18%

Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period.

3 Dec 2025 5:00 pm
Vidya Wires IPO subscribed 2.3 times on Day 1 so far. Check GMP & other key details

Vidya Wires Rs 300-crore IPO received strong investor interest on Day 1, getting subscribed more than 2 times, driven by robust retail and NII demand. Shares of the company were seen trading at a GMP of nearly 13, as per the latest update. Competitively priced versus peers, the companys strong financials and sector demand make it an attractive long-term consideration.

3 Dec 2025 4:47 pm
Address Maker ties up with AI Growth for Rs 200-cr funding to expand business

Realty firm Address Maker has tied up with AI Growth for Rs 200 crore capital to expand its business.

3 Dec 2025 4:33 pm
NSE empanels Tradetron: A big step in Indias evolving algo trading landscape

The National Stock Exchange has authorized Tradetron for algo-trading technology. This move supports India's growing systematic trading. Algorithmic trading is becoming accessible to retail investors. SEBI is ensuring transparency and supervision for automated strategies. This development levels the playing field between retail traders and institutions. It promotes disciplined and systematic trading practices.

3 Dec 2025 4:28 pm
Gold imports drive India's CAD to 1.3% in Q2 FY26: Analysts

According to assessments by Crisil, ICICI Bank Research and Emkay Global, the merchandise deficit expanded as gold imports surged nearly 150% quarter-on-quarter, touching USD 19 billion in Q2, while goods exports declined on a sequential basis following the rollout of higher US tariffs on Indian shipments.

3 Dec 2025 4:08 pm
Market Wrap: Sensex slips 31 pts, Nifty below 26,000 as D-St falls for 4th day; rupee sinks to fresh record low

Indian stocks extended their decline for a fourth consecutive session on Wednesday as investors booked profits near record highs. Sentiment remained cautious ahead of the Reserve Bank of India's policy decision, while ongoing foreign outflows pressured the rupee to a new all-time low.

3 Dec 2025 3:48 pm
Migsun Group to invest Rs 250 cr to build commercial project on Yamuna Expressway corridor

Realty firm Migsun Group will invest Rs 250 crore to develop a commercial project in Yamuna Expressway region.

3 Dec 2025 3:40 pm
Meesho IPO: Strong anchor book signals global confidence; CEO says free cash flow to stay in focus

Meeshos top leadership outlines strong anchor investor interest, growth plans, and the roadmap to profitability ahead of its IPO. CEO Vidit Aatrey and CFO Dhiresh Bansal discuss user growth, monetisation levers, logistics efficiency, ad revenue expansion, and future acquisitions aimed at deepening India-wide e-commerce penetration. The company emphasises free cash flow, capital-light operations, and long-term value creation.

3 Dec 2025 3:40 pm
Govt to extend social security benefits to 100 core workers by March 2026 as against 94 crore now: Mansukh Mandaviya

Speaking at the IndiaEdge 2025, organised by the Confederation of Indian Industry (CII), on Wednesday, labour and employment minister Mansukh Mandaviya said Indias social security coverage has increased from 19% in 2015 to 64.3% in 2025, an unprecedented 45 percentage point surge over the past decade. The target is to extend social security benefits to 100 crore by the end of 2025-26, second only to China which provides social security to 107 crore workers, he said.

3 Dec 2025 3:25 pm
PSU bank stocks plunge up to 7% after govt denies FDI limit hike. Indian Bank, PNB fall most

PSU bank stocks fell sharply on Wednesday after the government denied any move to hike FDI limits in public sector banks. The Nifty PSU Bank index fell over 3%, with Indian Bank and PNB declining the most as rupee weakness, profit-taking, and reduced rate-cut expectations intensified selling pressure across the sector.

3 Dec 2025 3:14 pm
Aequs IPO Day 1: Issue subscribed over 2 times, strong GMP buzz. Should you consider applying?

Aequs Rs 921.81 crore IPO saw strong Day 1 traction, getting subscribed over 2 times, led by a sevenfold retail response. With a GMP indicating a 37% premium and analysts citing strong integration in aerospace manufacturing, early sentiment remains upbeat ahead of allotment on December 8 and listing on December 10.

3 Dec 2025 3:01 pm
Uday Kotak urges Indian firms to step up as rupee crosses 90 and foreign investors dominate markets

The Indian Rupee is nearing 90 against the US Dollar. Foreign investors are selling Indian stocks, impacting market performance. Domestic investors are buying, but foreign selling is currently dominant. This situation calls for Indian businesses to adapt. Export-oriented sectors may benefit from the weaker Rupee, while import-dependent sectors face increased costs.

3 Dec 2025 2:47 pm
Capri Global targets 50,000-crore AUM as gold loans, affordable housing drive next phase of growth

Capri Global expects sustained 30% growth driven by gold loans, affordable housing demand and co-lending partnerships, says MD Rajesh Sharma. With branch expansion, improving MSME asset quality, and falling cost of funds due to rating upgrades and lower MCLR resets, the NBFC targets a 50,000 crore AUM and stronger profitability over the next two years.

3 Dec 2025 2:34 pm
Labour codes likely to be fully operational from April 1, govt to pre-publish draft rules soon

The four labour codes - Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - were notified on November 21.

3 Dec 2025 2:29 pm