Stock market opens higher, Sensex above 73,300

Mumbai (IANS) The Indian benchmark indices opened higher on Wednesday amid mixed global cues, as buying was seen in auto, IT and PSU Bank sectors in early trade. 

At around 9.31 am, Sensex was trading 358.34 points or 0.49 per cent up at 73,348.27…

SAIL, other Indian steel stocks up as China to reduce production

Mumbai (IANS) The shares of steel companies in India on Wednesday saw a rise following China’s announcement that it would restructure its steel industry and reduce total steel output. 

This move is expected to decrease the dumping of cheap…

Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan

Mumbai (IANS) Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.

The total credit card transaction volume…

Paytm shares plunge over 3 pc after ED issues notice over FEMA violations

New Delhi (IANS) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. 

The stock dropped as much as 3.26 per…

Indian API market to expand to $22 bn by 2030, at a CAGR of 8.3 pc: Report

New Delhi (IANS) India’s Active Pharmaceutical Ingredients (APIs) market is expected to expand to $22 billion by 2030, according to a report on Monday. 

The report by Praxis Global Alliance, a management consulting firm, stated that the APIs…

India’s manufacturing growth slows but stays strong in Feb: Report

New Delhi (IANS) The Indian manufacturing sector's strong start to 2025 continued in February. Despite slowing to the weakest since December 2023, rates of expansion in output, employment and sales remained elevated in the context of the long-run…

India likely to clock steady GDP growth of 6.5 pc in 2025-26: Crisil

New Delhi (IANS) India’s GDP growth is expected to be steady at 6.5 per cent in fiscal 2025-2026 with the upcoming monsoon season likely to be normal and commodity prices to remain soft. 

Private consumption is expected to recover further,…

Stock market: Important period for investors to focus on long-term opportunity

New Delhi (IANS) Despite the short-term sell-off, the combination of strong macro fundamentals, robust earnings growth, and attractive valuations makes this an important period for investors to focus on the long-term opportunity rather than the immediate…

India's growth becoming more balanced as private consumption's share in GDP rises

New Delhi (IANS) The good news is that India’s growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025, according to a Crisil report. 

The mild revision of 10 basis points (bps) in the second advanced estimate…

$533 mn loan fraud case: US Bankruptcy Court rules against Byju's

New York (IANS) A Bankruptcy Court in the US on Friday issued a summary judgement against Riju Ravindran, Think & Learn (the parent company of Byju’s), and the hedge fund Camshaft Capital, finding them guilty of fraudulent transfer of $533 million…