India’s forex kitty at $684.8 billion, gold reserves rise by $1.2 bn

Mumbai (IANS) India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday.  

However, gold reserves, which form part of the foreign exchange…

Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge

New Delhi (IANS) Auto major Mahindra and Mahindra (M&M) on Thursday reported a 13 per cent rise in its standalone net profit for the July-September quarter at Rs 3,841 crore, driven by higher sales of SUVs and a revival in the demand for tractors. 

SC orders liquidation of Jet Airways

New Delhi (IANS) The Supreme Court on Thursday ordered liquidation of cash-strapped Jet Airways, saying that the resolution plan, approved five years ago, is no longer capable of implementation. 

A Bench, headed by CJI D.Y. Chandrachud, allowed…

PUBG maker Krafton clocks 42.6 pc loss in net profit in Q3

Seoul/New Delhi (IANS) Krafton, a South Korean gamemaker known for its smash-hit title PUBG: Battlegrounds, said on Thursday its third-quarter net profit tumbled due to foreign exchange losses. 

The company posted 121.4 billion won ($86.9 million)…

India’s smaller cities drive online sales during festive season: Report

New Delhi (IANS) There has been a 49 per cent surge in online sales during the festive season this year driven mainly by purchases from smaller cities (Tier-II and Tier-III) in the country, which account for over 60 per cent of sales, according to…

India’s home textiles industry to see 6-8 pc growth this fiscal

New Delhi (IANS) India’s home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday. 

Following a 9-10 per cent rebound…

Bank deposit growth in India outpaces credit offtake for 1st time in last 30 months

New Delhi (IANS) Bank deposits rose at 8.6 per cent compared to December 2023, reaching Rs 218.1 lakh crore (as of October 18), a report showed on Tuesday, adding that on an annual basis, deposit growth has outpaced credit offtake for the first time…

Sensex crashes 1300 pts, Nifty at four-month low

Mumbai (IANS) The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

At 12 p.m., BSE Sensex was trading at 78,609, down 1,317 points or 1.65 per…

Market Outlook: US election, PMI, FII data key factors for next week

New Delhi (IANS) The market outlook for next week will be guided by US Presidential Election results, US Fed Interest Rate Decision, FII activities and major macro-economic data such as Indian and US PMI data, according to experts. 

Last week,…

Samvat 2081 offers investors remarkable chance to reshape their financial journey

Mumbai (IANS) As the Indian stock markets embrace Samvat 2081, investors have a remarkable chance to reshape their financial journey amid a dynamic and evolving market, experts said on Saturday. 

This period, steeped in tradition and the promise…