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The Indian rupee edged up by 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and softer crude oil prices. Positive domestic equity market sentiment also lent further support, according to forex traders.At the interbank foreign exchange, the rupee opened at 87.94 and traded in a…
India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…
The European Union has agreed to phase out its remaining gas imports from Russia by the end of 2027, a move aimed at ending its long-standing energy dependence on Moscow.The decision was taken by EU energy ministers during a meeting in Luxembourg on Monday, who approved a plan by the European Commission to gradually eliminate…
Several UK businesses are viewing the India-UK Free Trade Agreement (FTA) as a “game-changer”, accelerating expansion plans and prompting many firms without a presence in India to enter the market, according to a new report by Grant Thornton.The ‘International Business Report’ (IBR) found that 72 per cent of UK firms now consider India a key…
The southern cities of Hyderabad, Bengaluru, and Chennai have driven a sharp rise in housing sales, reporting a combined 47% growth during the July-September quarter, even as overall demand across India’s top eight cities remained subdued, according to PropTiger.During the quarter, the three cities sold 38,644 residential units, up from 26,284 in the same period…
India’s information technology (IT) services sector is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains uncertain, according to a report by Goldman Sachs.The report highlighted that major IT firms reported sequential revenue growth in the latest quarter, with the sector expanding 1.5 per cent quarter-on-quarter. “While there are early…
India’s luxury watch market is set for sustained expansion, with annual growth projected at around 11–12 per cent, driven by the rapid rise in the country’s affluent base and growing wealth among high-net-worth individuals (HNIs), according to a report by SOIC Research.As per news agency ANI, the report stated that India is emerging as one…
Copper demand in the United States and India is set to outpace China over the next ten years, even as growth slows in the world’s biggest consumer of the metal. While China will continue to lead the market, analysts say that other regions and factors are likely to play a bigger role in shaping global…
The recent rationalisation of Goods and Services Tax (GST) is expected to lift revenue growth in India’s organised apparel retail sector by about 200 basis points this fiscal, keeping it steady at 13-14 per cent for the second consecutive year, according to Crisil Ratings. The assessment is based on an analysis of nearly 40 organised…
China’s top leaders, including President Xi Jinping, are meeting on Monday for one of the country’s most important political gatherings, the fourth plenum of the Communist Party. The meeting will last four days and finalise the five-year plan for 2026–2030, which will guide China’s economic and technological policies.Timing of the gathering is crucial as it…
