March 9, 2026

Business

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‘Reforms driving productivity’: FM Sitharaman highlights 8.2% GDP rise; says high-frequency indicators show continued momentum

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Finance Minister Nirmala Sitharaman on Friday said the July–September GDP growth of 8.2 per cent reflects the strength of the Indian economy and underscores the impact of reforms and fiscal consolidation.In a post on X, Sitharaman said, “Various high-frequency indicators also point to continued economic momentum and broad-based consumption growth.”Official data released earlier in the…

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Economic growth may exceed 7%, GDP to cross $4 trillion mark in FY26: CEA V Anantha Nageswaran

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Backed by stronger-than-expected second-quarter numbers, Chief Economic Adviser V Anantha Nageswaran on Friday said India’s economy is poised to grow at over 7% this fiscal, with the GDP set to cross the $4 trillion mark in FY26, according to PTI.Briefing reporters after the release of Q2 GDP data, Nageswaran said the economy’s current trajectory makes…

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Holiday rush: US retailers eye Black Friday lift; shoppers hunt deals despite weak sentiment

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Black Friday no longer pulls Americans from Thanksgiving dinners for midnight mall queues, but it still draws more in-store traffic than any other day of the year — and remains the unofficial start of the US holiday shopping season.This year’s kickoff came as US consumer confidence slipped following the federal government shutdown, weak hiring and…

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Ease of compliance: RBI scraps 5,673 circulars; issues 244 master directions to streamline rules

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The Reserve Bank on Friday completed a nearly six-month regulatory consolidation, repealing 5,673 obsolete circulars and subsuming over 3,800 into 244 function-wise master directions (MDs), the central bank said.In all, 9,446 circulars have been repealed, subsumed or withdrawn as part of the exercise, Deputy Governor S C Murmu said, describing the review as a “mammoth…

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Growth rebound: Canada posts 2.6% Q3 GDP surge; stronger trade and govt spending drive recovery

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Canada’s economy staged a stronger-than-expected recovery in the third quarter of 2025, expanding 2.6 per cent year-on-year after a contraction in the previous quarter, according to new data from Statistics Canada, AFP reported.The rebound was fuelled by an improved trade balance and higher government spending, offsetting the drag from US President Donald Trump’s trade war,…

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US markets today: Wall Street edges higher on final trading day of November; CME outage halts futures briefly

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US stocks opened with modest gains on Friday as Wall Street wrapped up the last trading session of November on a shortened post-Thanksgiving schedule.The S&P 500 rose 0.2 per cent, the Dow Jones Industrial Average added 66 points, and the Nasdaq gained 0.4 per cent. Coinbase Global climbed 2.2 per cent as Bitcoin traded above…

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Banking Connect: NPCI Bharat BillPay launches new system for online payments | India Business News

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Banking Connect- the newly launched net-banking platform built by NPCI Bharat BillPay (NBBL) – will enable the Reserve Bank of India (RBI) to monitor fund transfers in shorter-lag, a senior official said on Thursday.NBBL is aiming for a fourfold jump in monthly bill-payment volumes to 1 billion transactions in four years, up from the current…

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Fiscal snapshot: Centre’s deficit at 52.6% of FY26 target by October; receipts, state transfers rise

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The central government’s fiscal deficit stood at 52.6% of the full-year target at the end of October 2025, data released by the Controller General of Accounts (CGA) on Friday showed. In the same period last year, the deficit was 46.5% of the 2024-25 Budget Estimates (BE).In absolute terms, the fiscal deficit – the gap between…

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‘Only matter of time’: India hopes to seal first tranche of US trade deal by year-end; urges both sides to find ‘right landing zone’

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India hopes to seal first tranche of US trade deal by year-end India is looking to finalise the opening tranche of the India–US Bilateral Trade Agreement (BTA) before the end of the year, with commerce secretary Rajesh Agarwal saying negotiations have advanced significantly despite recent shifts in global trade conditions. Speaking at FICCI’s Annual General…

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Big booster shot! India’s real GDP grows at a robust 8.2% in Q2 FY26; 6-quarter high number beats expectations – top highlights

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India GDP growth (AI image) India’s second quarter real GDP growth for FY 2025-26 beat estimates by a wide margin, coming in at a robust high of 8.2%. This is the highest real GDP growth in six quarters for the Indian economy. India has also retained its tag of being the fastest growing major economy…

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