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India’s economic expansion in FY26 may exceed current official projections once the government adopts a revised GDP base year, a report by State Bank of India (SBI) has indicated. At present, the National Statistical Office’s (NSO) first advance estimates place real GDP growth at 7.4% for FY26, marking a rise from 6.5% recorded in FY25….
Adani Enterprises Limited’s (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within just 45 minutes of opening on Tuesday.The base issue size of Rs 500 crore was fully subscribed in about 10 minutes, while overall subscription crossed Rs 1,000 crore, including the green shoe option, in under an hour. According…
NEW DELHI: Broadband subscriber base in the country crossed the 100 crore-mark in Nov 2025, Telecom Regulatory Authority of India (Trai) said on Wednesday. India had 99.9 crore broadband subscribers in Oct, comprising 95.5 crore on wireless networks and 4.5 crore on fixed connections. “In the month of Nov 2025, the broadband subscriber base in…
NEW DELHI: President Droupadi Murmu on Sunday undertook a submarine sortie at the Karwar naval base in Karnataka, officials said.Murmu embarked onboard INS Vaghsheer, an indigenous Kalvari-class submarine of the Indian Navy, becoming only the second President of India to do so. Chief of Naval Staff Admiral Dinesh K Tripathi accompanied the President, who is…
India’s key macroeconomic indicators are set for a base-year reset early next year, with the government announcing timelines for releasing new series of retail inflation, national accounts and industrial production data, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said on Monday that a new series of Consumer Price Index (CPI) data, reflecting a…
India’s equity markets saw investors joining at a slower pace in November, just 13.2 lakh investors were added during the month during the month. This was a 11.6% dip from October, as the growth was dragged down by uncertainty in global markets continued to temper risk appetite, data released by the National Stock Exchange (NSE)…
The mutual fund industry in India reached a milestone in November, with total assets under management rising to Rs 80.80 lakh crore, marking a 18.7 per cent year-over-year growth from Rs 68.08 lakh crore. It added over Rs 12.7 lakh crore to its asset base in the past year, according to Franklin Templeton’s “Mutual Fund…
MUMBAI: Reserve Bank of India’s Deputy Governor, Poonam Gupta, has responded to recent International Monetary Fund (IMF) comments questioning the quality of India’s growth data and classifying the Indian rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman Wednesday said that govt is moving to update the base year for calculating GDP to 2022-23 instead of 2010-11 and dismissed concerns over an IMF report’s reference to India’s data quality.The new base, which will also come with a revised basket to goods and services,…
Finance Minister Nirmala Sitharaman (File photo) Finance Minister Nirmala Sitharaman on Wednesday clarified that the International Monetary Fund (IMF) did not question India’s growth figures, and said the Fund’s ‘C’ grade on national accounts stems solely from the use of an outdated base year. She said the IMF, in fact, acknowledged India’s healthy economic performance…
