Business

On the reforms front, the central government and the RBI’s focus on boosting consumption over the last one year is commendable. (AI image) By Gautam DuggadAs India gears up for its Union Budget in February 2026, the crucial question is whether the upcoming fiscal blueprint will focus solely on fiscal consolidation amid weak revenue growth…

PM Modi on Tuesday highlighted India’s economic growth and said that the country is poised to become the third largest economy. Speaking at the India-Jordan Business meet, PM Modi further added that this economic momentum provides a range of opportunities for global partners. “You all know that India is moving towards becoming the world’s third-largest…

​Based on the HSBC Flash India Composite Output Index, the private sector saw robust business activity. (AI image) Business activity in India moderated in December, with the HSBC PMI Composite Index that measures India’s manufacturing and service sectors’ combined output, came in at 58.9, dropping from November’s 59.7. Despite this reduction, the index remained significantly…

Mumbai: Lending through credit cards has come under sharper scrutiny as banks turn cautious amid signs of stress in the segment along with two-wheelers, commercial vehicles and micro loans against property. However, overall retail asset quality remains stable, TransUnion Cibil’s credit data for the Sept quarter showed.“In recent quarters, credit card originations declined while delinquencies…

Rupee hit an all-time low on Tuesday, breaching the 91 level against the US dollar for the first time. With this fall, the currency extended its losing streak, repeatedly plunging to fresh record lows amid sustained foreign fund outflows and ongoing trade-related uncertainty.In the last 10 trading sessions, the currency has weakened from the 90-per-dollar…

Mumbai: SBI plans to double its mobile banking customer base to 20 crore over the next two years from 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor…

Asian markets fell sharply on Tuesday, following Wall Street’s losses, as investors remained cautious ahead of the release of key US employment and inflation figures. Concerns over a potential tech bubble added to the cautious mood.Hong Kong’s HSI was trading at 25,139, down 489 or 1.91%. Nikkei also trimmed 673 points or 1.34% to 49,494….

Market experts indicate that trading is likely to remain range-bound with increased volatility. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday on weak global cues. While Nifty50 went below 26,000, BSE Sensex was down over 300 points. At 9:16 AM, Nifty50 was trading at…

Rupee extended its downward rally on Tuesday, slipping to a record low of 90.83 against the US dollar. The currency began trading on a weak note, opening 0.1% lower at 90.79 against Monday’s close of 90.73, as continued foreign fund outflows and trade-related uncertainty weighed on the domestic currency.The muted opening follows a sharp sell-off…

Ford has redrawn its electric vehicle roadmap, announcing that it will pull back from large EVs as the US carmaker transitions towards hybrids, petrol-powered trucks and a new battery storage venture. The auto giant also predicted profits to take a hit of almost $19.5 billion in the next few years.The US automaker, on Monday, said…