Economy Archives - Page 49 of 310

Economy

October 24, 2025 7:27 PM

India’s forex reserves rise by $4.5 billion to cross $702 billion

India’s foreign exchange reserves rose by $4.5 billion to $702.3 billion for the week ended October 17, mainly driven by a surge in gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday. Gold reserves held by the R...

October 24, 2025 4:42 PM

Sensex, Nifty snap 6-day winning streak amid US-China trade tension

Indian stock markets ended lower on Friday, breaking a six-day winning streak, as investor sentiment weakened amid US-China trade tension. At the closing bell, the Sensex fell 344.52 points, or 0.41 per cent, to settle at 84,211.88, while the Nifty ...

October 24, 2025 3:10 PM

GST rate cuts boost festive sales, reflect positive market sentiment: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday said that India’s festive retail sales have reached a record high this year, reflecting the positive impact of the government’s economic reforms, including the rationalisation of Goods and Servi...

October 24, 2025 2:37 PM

Piyush Goyal meets Luxembourg Deputy PM Xavier Bettel, German CEOs to deepen trade and investment ties

Union Minister of Commerce and Industry Piyush Goyal met Luxembourg’s Deputy Prime Minister and Minister of Foreign Affairs and Trade, Xavier Bettel, on Friday to review bilateral economic ties and explore new opportunities for trade and investment...

October 23, 2025 9:04 PM

Oil prices surge 5% as US hits Russian firms Rosneft, Lukoil with sanctions

Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine. Sanctions against Russia could reduce the supply of oil available to global marke...

October 23, 2025 4:28 PM

World Diamond Council head says lab-grown gems losing their sparkle

Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. The natural diamond industry has seen a price slump since mi...

October 22, 2025 6:17 PM

Union Commerce Minister Piyush Goyal to visit Germany to boost trade and economic ties

Union Minister of Commerce and Industry, Piyush Goyal, will embark on an official visit to Berlin, Germany, from October 23, aimed at strengthening India’s economic and trade partnership with the European nation. The visit assumes added significanc...

October 22, 2025 3:18 PM

India’s supportive policies, funding drive rapid green energy transition in subcontinent: S&P

India's ambitious renewable energy initiatives are on track and the country is currently leading the pack in South and Southeast Asia. According to a report by S&P Global Ratings, India has made good progress in renewable capacity additions, sign...

October 22, 2025 2:49 PM

From pashmina to Apricots: GST Reforms to boost Ladakh’s economy

Ladakh’s traditional industries, agriculture, handicrafts, and tourism sectors are set to benefit from a sweeping reduction in Goods and Services Tax (GST). The reforms lower GST from 12 per cent to 5 per cent on a wide range of products and servic...

October 22, 2025 1:29 PM

India’s luxury goods market to see 10 pc growth at $12.1 billion by 2025: Report

India’s luxury goods market is projected to see 10 per cent growth to reach $12.1 billion by 2025, emerging as a significant player in the global luxury market, a new report has said. The luxury retail landscape is being reimagined, with brands mo...

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