Festive cheer for India Inc: Households splurge on upgrades, go premium

Festive cheer for India Inc: Households splurge on upgrades, go premium

MUMBAI: From smartphones priced over Rs 20,000 to large TV sets, washing machines, premium furniture and AI appliances, Indians splurged on big-ticket purchases and upgrades this Navratri-Dussehra season, keeping up with the premiumisation trend that has been defining festive shopping for quite some time now. Savings made from GST reductions have only allowed more people…

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Renault considers 3,000 job cuts under cost-saving plan, eyes efficiency in support functions: Report

Renault considers 3,000 job cuts under cost-saving plan, eyes efficiency in support functions: Report

French automaker Renault is planning to reduce about 3,000 jobs through a voluntary redundancy programme for staff in support function; Reuters reported on Saturday citing French newsletter L’Informe. The cost-cutting initiative, named “Arrow,” targets human resources, finance, marketing, and other support services, aiming to lower staff numbers by roughly 15% at its headquarters in Boulogne-Billancourt…

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Stock market this week: All eyes on Q2 results, macroeconomic cues— What will drive investor focus

Stock market this week: All eyes on Q2 results, macroeconomic cues— What will drive investor focus

Indian equity markets this week will be guided by macroeconomic data, global developments, and quarterly results from IT giant TCS, analysts said. Investors will also keep an eye on foreign fund flows, which have continued to show caution.In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed…

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Fiscal reform: J-PAL’s Dhaliwal urges states to fix finances for faster poverty reduction; calls for scheme rationalisation and focus on human capital

Fiscal reform: J-PAL’s Dhaliwal urges states to fix finances for faster poverty reduction; calls for scheme rationalisation and focus on human capital

States must strengthen their financial position to accelerate poverty reduction and ensure sustained development, Iqbal Singh Dhaliwal, Global Executive Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), part of the Massachusetts Institute of Technology (MIT), has said.“The central government’s fiscal deficit is fine, but the state governments are facing considerable challenges in terms…

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CSR push: NSE to invest Rs 380-cr for cancer facility at Tata Memorial Centre; India’s largest BMT centre to set up

CSR push: NSE to invest Rs 380-cr for cancer facility at Tata Memorial Centre; India’s largest BMT centre to set up

The National Stock Exchange (NSE), India’s largest equity bourse, on Sunday announced plans to invest Rs 380 crore in building a new facility for cancer treatment at the Tata Memorial Hospital (TMH).The 11-storey NSE multi-speciality hospital block and bone marrow transplant (BMT) centre will be constructed at the TMH-run Advanced Centre for Treatment, Research and…

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India-Qatar FTA: GTRI report flags .78 billion trade deficit; says energy ties bedrock, but diversification needed

India-Qatar FTA: GTRI report flags $10.78 billion trade deficit; says energy ties bedrock, but diversification needed

As Commerce and Industry minister Piyush Goyal is set to begin his two-day visit to Doha from October 6, India and Qatar are expected to finalise the terms of reference (ToR) for a proposed free trade agreement (FTA) this week. According to the trade policy think-tank GTRI report, India–Qatar trade stood at $14.15 billion in…

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India-Qatar trade talks: Terms of reference likely to be finalised this week; Piyush Goyal to visit Doha on Oct 6

India-Qatar trade talks: Terms of reference likely to be finalised this week; Piyush Goyal to visit Doha on Oct 6

India and Qatar are expected to finalise the terms of reference (ToR) this week to initiate talks for a free trade agreement (FTA), the commerce ministry said on Sunday. The move comes ahead of Commerce and Industry Minister Piyush Goyal’s two-day visit to Doha, beginning October 6.Goyal will attend the Qatar-India Joint Commission on Trade…

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BSNL towers to switch to 5G in 6-8 months; India joins global 4G club: Jyotiraditya Scindia

BSNL towers to switch to 5G in 6-8 months; India joins global 4G club: Jyotiraditya Scindia

Jyotiraditya Scidia (Photo-ANI) Bharat Sanchar Nigam Ltd’s (BSNL) indigenously developed 4G network will be upgraded to 5G across India within six to eight months, telecom minister Jyotiraditya Scindia said on Sunday.Speaking at the Kautilya Economic Enclave 2025, Scindia said India has entered the exclusive club of 4G technology, previously dominated by five global companies —…

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Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears

Crude oil: Opec+ to raise production by 137,000 bpd from November; group stays cautious amid supply glut fears

Saudi Arabia, Russia and six other members of Opec+ on Sunday decided to raise their oil production quotas by 137,000 barrels per day (bpd) for November, continuing efforts to reclaim market share amid cautious demand projections, AFP reported.“In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low…

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Travel boom on Diwali: Record surge in bookings! Families blend leisure and spiritual trips

Travel boom on Diwali: Record surge in bookings! Families blend leisure and spiritual trips

India is witnessing a record surge in travel this Diwali, with families blending traditional celebrations with leisure trips, luxury getaways, and spiritual journeys. Online travel platforms report strong growth in both domestic and international bookings, highlighting the country’s festive travel boom.MakeMyTrip co-founder and Group CEO Rajesh Magow said that visiting friends and relatives (VFR) remains…

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