MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The…
NEW DELHI: For decades, a state’s growth was measured by relying only on the production approach, or by gauging what factories, farms, and services within its borders produced. That model is now set for an overhaul, as the statistics ministry unveiled a new manual to compute state GDP via expenditure approach — by tracking household…
BENGALURU: Commerce and industry minister Piyush Goyal said on Friday that talks with US for a trade deal were progressing steadily and the two sides were working on the fine print, while asserting that tighter access to H-1B visas can benefit India by encouraging skilled professionals to stay back, bringing more tech work to the…
MUMBAI: With Brent crude prices spiking again to over $105 per barrel, US Treasury bond yields rising to a more than two-decade high and the rupee at close to 96.8/$, strong foreign fund selling pulled the markets sharply down on Thursday. Reliance Industries, HDFC Bank and Bharti Airtel led the slide as sensex lost 1,045…
FM Nirmala Sitharaman chairs the 57th meeting of GST Council. Rate changes will now be an annual feature, says Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Thursday announced a faceless system for 2 lakh central GST payers operating in multiple states, following up on rate rationalisation and process reforms undertaken by the Centre and…
The court pointed out that she had been allowed to continue working until the age of 62 and had received all other retirement benefits admissible to her. You work several years in an educational institution and are denied gratuity on the grounds that you worked beyond the retirement age. What do you do? In one…
MUMBAI: The rollout of merchant discount rate (MDR) on select UPI transactions is expected to be postponed to Jan 2027 against the earlier date of Oct 15 with an announcement expected over the next couple of days.The move follows representations from trade bodies which were apprehensive that the introduction of the fees may impact festival…
India joins US, 13 economies in joint statement to address global excess capacity after G20 meeting NEW DELHI: India has joined US and a dozen other economies, including Canada, EU, Japan, South Korea, Mexico, France, Germany and UK, on structural excess capacity in five categories – autos and EVs, batteries, chemicals, foundational semiconductors and solar…
An often-overlooked aspect of credit card payments is that their value is not limited to rewards. The author is CEO of PaisabazaarWhen it comes to choosing between UPI and credit cards, consumers should look at the overall value that they can derive from each payment method rather than the immediate cost of the transaction. While…
Top stocks to buy or sell today on October 9, 2026 Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, 2026 by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. Meanwhile, Dixon is a sell call according to…
