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NEW DELHI: Chief economic advisor V Anantha Nageswaran on Friday expressed confidence that India’s economic growth for FY26 will exceed 6.8%, supported by stronger consumption driven by GST rate cuts and income tax relief.Speaking at CNBC-TV18’s Global Leadership Summit 2025, Nageswaran said, “I am comfortable looking at a number north of 6.8 per cent now….
US Government shutdown affects air travellers. John Denver once sang, “I’m leaving on a jet plane.” In 2025, it’s more like, “I’m staying home because the FAA said no planes.” As the longest government shutdown in US history stretches into its second month, the Federal Aviation Administration (FAA) has ordered airlines to cut 10% of…
B9 Beverages, the debt ridden bear maker, may soon clear pending salaries and provident fund dues as the company moves to sell one of its assets. Bira 91 founder Ankur Jain has informed employees that the planned sale is aimed at raising “immediate cash” to address these obligations, according to ET.The proposed move, however, has…
China is creating a new licensing system to make rare earth exports faster and easier. However, the country has given no sign that it will remove the restrictions put in place in April, falling short of meeting US President Donald Trump’s hopes of a full rollback.The ministry of commerce told some exporters that they will…
Pine Labs has opened its initial public offering (IPO) for public subscription from Friday, aiming to raise Rs 3,900 crore. The three-day issue will close on November 11.The IPO consists of two components: a fresh issue of Rs 2,080 crore and an offer for sale worth Rs 1,820 crore. Shares are being offered in a…
Gold futures surged on Friday, lifting the metal into its third straight session of gains as traders reacted to weak US economic data that boosted expectations of an imminent interest rate cut by the Federal Reserve. On the Multi Commodity Exchange (MCX), the December gold contract rose by Rs 520, or 0.43%, to settle at…
rThe wave of layoffs sweeping across the United States intensified in October, with more than 153,000 positions eliminated, the highest total for the month in 22 years, according to Challenger, Gray & Christmas.The consultancy, cited by CBS News, reported that employers have now disclosed almost 1.1 million job cuts since January. No year has seen…
China’s latest trade data shows exports fell in October, following months of front-loading US-bound orders to get ahead of President Donald Trump’s tariffs, with the sharp drop in shipments to the United States. The figures highlight China’s continued reliance on American buyers even as it tries to grow other markets.Government data published on Friday show…
Asian stock markets slipped on Friday as tracking Wall Street losses, as a weak stream of US economic data and uncertainty over future interest rate moves weighed down investor confidence.Hong Kong’s HSI dipped 241 points to 26,244. Kospi reached 3,929, falling 96 points or 2.4%. Japan’s Nikkei also fell 1.7% or 905 points. Shenzhen, meanwhile,…
Finance minister Nirmala Sitharaman MUMBAI: Finance minister Nirmala Sitharaman said Thursday that India needs many large, world-class banks, and this will require close consultation with the RBI and the banks themselves and work on this has already begun.“We will have to discuss with RBI its ideas on building larger banks and also engage with banks…
