Business Standard
Market selloff on FPI exodus erases ~16 trn mcap in a week
Indian equities declined on Friday, with the benchmark Nifty posting its worst weekly fall since September, as foreign investor sentiment remained weak amid tepid earnings growth and little progress on the Indiaus trade front. The Sensex ended the...
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Record $32 bn raised in 2025 via overseas syndicated loans
Indian companies, including lenders, raised a record $32.5 billion overseas through syndicated loans last year, which were largely on account of sponsor financing, demand from financial firms, increased activities in the mid-market, and large...
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Sensex EPS growth at its lowest in nearly 5 years
The current earnings season has been the weakest for the BSE Sensex companies in the past five years. The benchmark index trailing earnings per share (EPS) of the BSE Sensex was up just 1.3 per cent year-on-year (Y-O-Y) so far — the lowest since April...
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Greenland standoff pushes mkts into red
Domestic equity benchmarks logged their steepest single-day decline in eight months on Tuesday, as an escalating standoff between the US and Europe over Greenland compounded investor unease. Sluggish corporate earnings and the absence of progress on...
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Early-bird results show worst earnings growth in 17 quarters
The results of early-bird companies in October-december 2025 (Q3FY26) have shown just single-digit growth in revenue despite gains from cuts in goods and services tax (GST) rates. They also clocked a sharp deceleration in earnings growth. Reliance...
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Nominal GDP growth for FY27 seen at 10-10.5%
The upcoming Union Budget, to be presented on February 1, is likely to assume nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for the financial year 2026-2027 (FY27), a Business Standard poll of economists showed. The first...
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India’s top 20 startups dominated valuations, fundraising in 2025
India’s top 20 startups by valuation accounted for over half of the combined valuation of $69.3 billion of the top 100 startups in calendar year 2025 (CY25), according to an analysis of Tracxn data. The valuation of the top 20 startups stood at $35.7...
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Tiger Global liable to pay tax on gains from 2018 Flipkart deal: SC
Capital gains arising from American investment firm Tiger Global’s Mauritius-based entities leaving ecommerce player Flipkart in 2018 are taxable in India because the nature of their transactions did not permit payment avoidance, the Supreme Court held...
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FinMin in talks with Sebi, RBI on crypto exchanges
The Ministry of Finance (Finmin) is in discussions with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) ahead of the Union Budget 2026-27 to firm up a regulatory framework for crypto exchanges, official sources...
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Unlisted firms’ debt burden at 35-yr low
Unlisted Indian companies have lower borrowings relative to their size and operations than at any point since liberalisation. The debt-to-equity ratio is 1.01 for 2024-25 (FY25), according to data from the Centre for Monitoring Indian Economy...
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India may face 500% US tariff over purchase of Russian oil
India faces the risk of a tariff of at least 500 per cent on its export of goods and services to the United States (US), with President Donald Trump backing a bipartisan Bill aimed at punishing countries that buy cheap crude oil from Russia. The...
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Leading steelmakers colluded to fix prices, finds antitrust probe
An investigation by the Competition Commission of India (CCI) has found that Tata Steel, JSW Steel and the state-owned Steel Authority of India Ltd (SAIL), along with several other steelmakers, allegedly entered into anti-competitive agreements to...
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Trump warns India of even higher tariffs over Russia oil
United States President Donald Trump has warned that Washington could raise further tariffs on Indian exports if New Delhi does not stop buying Russian oil, adding fresh uncertainty to efforts to strike a trade deal between the two countries. “They...
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South India back on aviation runway
In the early 1990s, when India opened its skies to the private sector, the first airline to become operational was Thiruvananthapuram-based East-west Airlines. Over the years, South India witnessed the rise and fade-out of several carriers — including...
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Govt rolls out ~7.3K cr schemes to boost MSME financing
The government on Friday launched two measures — on interest subvention and collateral support — with an allocation of ~7,295 crore for a six-year period (FY26-31) to give small exporters better access to trade finance. The scheme titled “Interest...
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Weakness in ~, broader equity market shrinks India’s billionaire club in 2025
India’s billionaire promoters’ club shrank in 2025 for the first time in three years, as a selloff in mid and smallcap stocks eroded market capitalisations and a weaker rupee reduced dollar-denominated wealth. The number of dollar billionaire promoters...
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When India chose direct action over deterrence
“Policymakers told us last year that South Asia — historically defined by conflict — had become more stable than Europe, where the long postsecond World War peace was broken by the war in Ukraine. I wonder how they view that assessment now,” a European...
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How energy flowed between hiccups and hope
The year 2025 will go down as a period defined by hiccups and hope for India’s energy sector. This trend played out with surprising similarity for renewable energy, oil imports, and climate change, among other areas, with possible ramifications for...
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Centre may set 54.5-55% debt-to-gdp goal for FY27
The central government is likely to target a reduction in the debt-to-gdp (gross domestic product) ratio to 54.555 per cent for FY27 in the forthcoming Union Budget, down from the 56.1 per cent budgeted for FY26, an official said. “The government is...
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The economy sailed through, but the waters are uncertain
The Indian economy has weathered the onslaught of adverse external developments, such as US President Donald Trump’s tariffs, this year, but the immediate future could be bumpy. Few would have expected the economy to grow in the 7.4–8.2 per cent range...
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The great trade balancing act
Hours before his scheduled bilateral meeting with Prime Minister Narendra Modi in Washington in February, newly elected US President Donald Trump stunned trade partners by announcing plans to impose sweeping “reciprocal tariffs”, including on...
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The year the world wobbled, and India adjusted
World events dominated, like never before, the front pages of newspapers in 2025: From the wars in Gaza and Ukraine to Donald Trump’s tariffs and the turmoil in Bangladesh. So did the Pahalgam terror attack on April 22 and the subsequent Operation...
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0% duty on 100% exports: India secures NZ trade deal
India and New Zealand on Monday announced the conclusion of talks on a free-trade agreement (FTA), under which Wellington will grant zero-duty access to 100 per cent of Indian exports and commit $20 billion in foreign direct investment (FDI) over the...
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~ may trade around 90 vs $ by Dec-end
After depreciating 4.1 per cent against the US dollar so far in the current calendar year (CY25), the rupee is expected to settle around 90 per dollar by year-end, according to a majority of respondents in a Business Standard poll. However, the poll...
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Tejas Networks’ direct-to-mobile tech gaining ground
Tejas Networks, a telecom gear maker backed by the Tata group, is in talks with international players for providing its direct-to-mobile (D2M) technology, which it has built in-house, even as it looks to commercially launch the service with Prasar...
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Sebi overhauls MF cost framework, stockbroking rules
The Securities and Exchange Board of India (Sebi) on Wednesday overhauled the cost framework for the ~80 trillion domestic mutual fund (MF) industry, introducing a simplified structure aimed at improving transparency for investors while balancing the...
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₹ slips past 91/$ amid FPI outflows, riskoff trade
The rupee breached the 91-per-dollar mark to hit a fresh low of 91.09 on Tuesday, pressured by persistent foreign outflow, riskoff trade in global markets, and delay in India-us trade agreement, dealers said. It strengthened marginally towards the end...
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States may shoulder 40% of rural job plan funding
The Union government has decided to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the flagship social-welfare scheme, 20 years after it was enacted, providing for a piece of legislation with a higher number of mandatory...
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Banks asked to offer basic services at all branches
Commercial banks have been asked to offer basic services to customers from all branches, and not just home branches, said a senior banker aware of the development. Also, the lenders have been prodded to cut service charges levied by them and maintain...
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Cabinet okays Bill for pvt foray in N-power
The Union Cabinet chaired by Prime Minister Narendra Modi on Friday approved the nuclear energy Bill that seeks to introduce legislative amendments for opening up the civil nuclear power sector for private participation, according to sources. The Bill...
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Mexico slaps up to 50% tariff on imports from India, China
Mexico on Thursday imposed a tariff of up to 50 per cent on imports from its non-preferential trade partners, including India, a move that might hit New Delhi’s annual $5.75 billion shipments to its third-largest car export market. The escalation by...
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$70 bn and rising: Amazon’s $35 bn bet lifts India’s AI tide
In 2014, a year after Amazon had commercially launched its online marketplace business in India, the image of founder and then CEO Jeff Bezos posing in a sherwani hanging out of a truck in Bengaluru, holding a $2 billion cheque to symbolise the Seattle...
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AI, LLM training: DPIIT proposes govt-fixed royalty rates for content creators
The government has proposed that technology companies using content creators’ data to train their artificial intelligence (AI) and large language models (LLMS) pay royalties to these creators at a rate set by the government or a court. The new...
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Not possible to pinpoint disruption cause: Indigo
As the Indigo crisis entered its seventh day with hundreds of flights grounded, the impact was felt beyond just the airports. In Parliament, Civil Aviation Minister Ram Mohan Naidu said on Monday that the government would take ‘’strict’’ action in the...
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Indigo board steps in, forms crisis mgmt group
The board of directors of Interglobe Aviation Limited, which operates Indigo, has set up a crisis management group (CMG) to help normalise operations and ensure refunds for the large number of flight cancellations over the past several days, the...
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RBI’S MPC delivers again, takes 2025 rate cut tally to 125 bps
With the conviction that headline inflation will stay benign for the next six to nine months, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to lower the policy repo rate by another 25 basis points...
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SBI seeks tax break extension for GIFT City unit
State Bank of India (SBI), the country’s largest lender, has approached the Centre, seeking an extension of its 10-year tax holiday for its GIFT City unit, according to people familiar with the development. The tax holiday ends next year. SBI was...
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₹ breaches 90/$, down 5% this yr
The rupee slipped through the psychological and technical barrier of 90 per dollar on Wednesday, pressured by steady capital outflows, persistent uncertainty over trade negotiations with the US and firm dollar demand through the past week, amid what...
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Sanchar Saathi can be deleted, says govt; OEMS still reluctant
Telecom Minister Jyotiraditya Scindia on Tuesday sought to allay mounting concerns around the government’s Sanchar Saathi app, saying users will be free to delete it and insisting there will be no surveillance or monitoring of devices. His comments...
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Revenues take a hit in 1st full month of GST 2.0
Net revenues from the goods and services tax (GST) crawled up 1.3 per cent year-on-year in November to ~1.52 trillion, without factoring in GST compensation cess receipts, marking a sharp sequential moderation in revenues from the indirect tax in the...
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MPC likely to hold steady on rate, keep neutral stance
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India is expected to maintain the status quo on its stance at the December policy meeting, scheduled for December 3-5, according to a Business Standard poll of economists from 12...
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Manufacturing muscle lifts Q2 GDP growth to 6-qtr high of 8.2%
India’s economy expanded at its fastest pace in six quarters, growing 8.2 per cent during the July-september period of FY26, outstripping both official and private forecasts by a signifiant margin. Data released by the statistics ministry on Friday...
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Sensex, Nifty scale fresh highs, but end flat on profit booking
Indian equity benchmarks on Thursday hit new highs after 14 months, but ended the day flat amid profit booking. The benchmark Sensex rose to 86,056 to hit a record high, but ended the session at 85,720, a gain of 111 points or 0.1 per cent. The Nifty...
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Rate-cut hopes lift benchmark indices to near peak levels
The benchmark equity indices staged their strongest single-session rally in five months on Wednesday, powered by a resurgence in expectations that both US Federal Reserve and Reserve Bank of India (RBI) could cut interest rates as early as next...
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State-run firms taper debt fundraise on rate-cut hopes
Small Industries Development Bank of India (Sidbi), PFC, Axis Bank, and Sundaram Finance together raised ~14,735 crore in the domestic debt capital market on Tuesday, well below the roughly ~25,000 crore that had been expected, after issuers including...
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India, Canada to reboot trade deal talks after 2 yrs
After a gap of more than two years amid a tumultuous bilateral relationship, India and Canada have finalised a broad framework and agreed to restart negotiations for a Comprehensive Economic Partnership Agreement (Cepa). Prime Minister Narendra Modi...
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~ may drop to 90 vs $ by Dec-end, regain by Mar
After declining almost 4.5 per cent this year, the rupee is expected to touch 90 a dollar in the coming weeks before regaining some ground to settle around 88.50 by the end of December on the back of a possible trade deal with the United States (US),...
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TCS loses valuation premium to peers after 14 years on top
After being the industry bellwether for more than a decade, information-technology (IT) major Tata Consultancy Services’ (TCS’) equity valuation has slipped below that of peers such as Infosys and HCLTECH. TCS is trading at a trailing...
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Trump says deal near; no need for more talks: India
Hours after United States (US) President Donald Trump said Washington and New Delhi were “pretty close” to reaching a fair trade deal, a senior Indian official on Tuesday echoed the optimism, indicating that another round of negotiations might not be...
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No consensus on CAFE relief, Siam tells BEE
The Society of Indian Automobile Manufacturers (Siam) submitted its final comments to the Bureau of Energy Efficiency (BEE) last weekend on the draft CAFE-III and CAFE-IV norms, acknowledging that its members could not reach a consensus on a proposed...
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Telcos ask govt for entire 6GHZ band
Telecom operators Reliance Jio, Airtel, and Vodafone Idea, and the Cellular Operators Association of India have made a pitch to the government, demanding that the entire 6GHZ band, with 1200MHZ of spectrum, be allocated through auction for mobile...
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Indian cinema shines brighter at box office Down Under
Over the last three years, Indian films have outperformed Australian ones at the Australian box office. They are expected to end 2025 with Australian dollar (A$) 39 million, or ~224 crore, in gross box-office revenues, compared with A$13 million (~75...
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SBI greenlights 6% stake sale in mutual fund arm via IPO
The country’s largest lender, State Bank of India (SBI), on Thursday announced a divestment of its stake in SBI Funds Management (SBIFM) through an initial public offering (IPO) in 2026, a move that will further boost its capital position and support...
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MF equity buying in Oct lowest in 6 mths
Equity market deployment by mutual funds (MFS) fell to a six-month low in October, indicating a slowdown in fresh inflows into equity MF schemes as the market recovers. MFS deployed a net ~17,778 crore in equities last month (as on October 30),...
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Billionaire who became synonymous with India’s rise on global stage
London-based billionaire Gopichand Parmanand Hinduja, one of the principal patriarchs of the Hinduja group and a central architect of its global expansion, has passed away following a prolonged illness. He was 85. Known universally as GP, the second...
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Women’s World Cup glory opens ‘brand’ new innings
When the winning catch nestled into captain Harmanpreet Kaur’s palms around Sunday midnight, the ball wasn’t just a piece of stitched leather anymore. It became part of history — the moment India’s women cricketers claimed their maiden ODI World Cup...
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Lamborghini family’s next Italian export: Luxury homes in India
In what could mark a new era in India’s branded residences landscape, an Italian touch may soon grace the country’s skylines, with the iconic Lamborghini family set to announce its first project. According to sources close to the development, Tonino...
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Building foresight capability to anticipate risks a priority: Pandey
The three-day Business Standard BFSI Insight Summit 2025 concluded on Friday in Mumbai with a strong focus on responsible technology adoption, market resilience, and the future growth trajectory of India’s financial ecosystem. Key voices from...
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Insurance sector is currently at unstable equilibrium: Irdai chief
Three of India’s biggest financial regulators set the tone for discussions on the second day of the Business Standard BFSI Insight Summit 2025. The day kicked off with a fireside chat with Ajay Seth, chairman of the Insurance Regulatory and Development...
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India’s financial services sector is the biggest and strongest ever: DFS secy
The three-day Business Standard BFSI Insight Summit 2025 kicked off on a high note on Wednesday with leading personalities from the finance and banking world setting the context for India’s growth story against the volatile global backdrop. Top...
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Noel, 2 others vote out Mehli from Tata Trusts
In an unprecedented development, a trustee at Tata Trusts has been voted out. Three trustees — Tata Trusts Chairman Noel Tata, industrialist Venu Srinivasan, and former bureaucrat Vijay Singh — on Tuesday voted against the reappointment of Mehli...
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SC allows govt to reconsider Vi’s AGR dues
The Supreme Court on Monday allowed the Centre to reassess Vodafone Idea’s (Vi’s) adjusted gross revenue (AGR) dues, holding that any relief to the struggling telecom operator lay within the government’s policy domain. A Bench comprising Chief Justice...
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Jet, set, glow up: Travel turns ‘skin-deep’ as glowcations take off
The beauty and personal care market is a force to be reckoned with — not just for its size and growth, but for its influence on where you choose to travel next. Think a trip to South Korea to achieve the perfect glass skin, or a journey to Paris for...
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India, US ‘very close’ to trade deal; work on legal text begins
India and the United States (US) are “very close” to a trade deal, with both sides beginning to work on the proposed agreement’s legalese. After the conclusion of the previous round of talks in Washington last week, both sides are seeing convergence...
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US sanctions on Russian oil majors may hurt RIL, Nayara
The Donald Trump administration in the US has imposed sweeping sanctions on Russia’s largest oil producers — Rosneft and Lukoil — in a fresh bid to end the war in Ukraine. The move is expected to hit oil purchases by India’s private refiners, including...
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India not going to buy much oil from Russia, says Trump
US President Donald Trump dialled Prime Minister Narendra Modi on Wednesday morning to extend his Diwali greetings, and later told reporters at the White House that the two discussed trade issues, and India’s conflict with Pakistan. Unlike last week,...
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Samvat 2082 gets off to quiet but positive start
Domestic equity markets posted modest gains during the hourlong ceremonial muhurat trading session on Tuesday, marking the start of Samvat 2082, the new Hindu calendar year. This was the eighth consecutive year that saw benchmark indices ending the...
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Realty developers see a cracker of sales in key cities this festival season
India’s housing market has remained resilient this festival season (Dussehra-diwali period), despite global macroeconomic challenges, tech-sector layoffs, and affordability pressures, with developers reporting 10-25 per cent year-on-year (Y-O-Y) rise...
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Dhanteras engine fires up auto mkt: 100,000+ cars delivered in 24 hours
The festival spirit is revving up India’s passenger vehicle (PV) market as the Diwali season roars in with Dhanteras. Automakers not only witnessed record-breaking sales but also achieved a milestone in single-day deliveries, zooming past 100,000 units...
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All-round growth propels Reliance earnings by 9.7%
Reliance Industries reported a recovery in earnings growth in the July-september 2025 quarter (Q2FY26), driven by its telecom and digital services business and its legacy oils-to-chemicals (O2C) segment. The company also recorded an uptick in revenue...
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India casts doubt after Trump claims its Russia oil buy to end
The Ministry of External Affairs (MEA) on Thursday said it was unaware of any new conversation between US President Donald Trump and Prime Minister Narendra Modi, hours after Trump claimed he spoke with the Indian leader, who pledged to halt Russian...
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Trade deficit at 13-mth high; US exports fall 12%
India’s trade deficit widened to a 13-month high in September, driven by a sharp rise in bullion imports, even as merchandise exports grew 6.7 per cent yearon-year (Y-O-Y) to $36.38 billion, data released by the commerce department on Wednesday showed....
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Trio wins economics Nobel for work on innovation, ‘creative destruction’
Joel Mokyr, Philippe Aghion, and Peter Howitt won the 2025 Nobel economics prize on Monday for their work on how innovation and the forces of “creative destruction” can drive economic growth and lift living standards across the globe. Their research...
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‘TCS not dependent on H-1B visas’
India’s largest information technology (IT) services provider Tata Consultancy Services (TCS) has been in the news for the past three months, first for laying off around 12,000 employees and more recently over the H-1B visa issue. In an interview with...
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