Navratri sales hit 10-year high on GST cuts: Officials

Navratri sales hit 10-year high on GST cuts: Officials

NEW DELHI: On the back of a fillip provided by a reduction in GST on 375 items, Indian consumers flocked to stores and car dealerships resulting in the highest Navratri sales in over a decade, govt officials said, citing industry data.They argued that the move lowered prices, helping families upgrade vehicles, buy white goods and…

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Watch video: Train to Kashmir delivers first batch of cars from factory; why it’s a game changer

Watch video: Train to Kashmir delivers first batch of cars from factory; why it’s a game changer

Kashmir on Friday witnessed a first-of-its-kind milestone in automobile logistics, with the arrival of its maiden dedicated car carrier rake by Indian Railways.A special train carrying 116 brand-new Maruti Suzuki vehicles, including Brezza, Dzire, WagonR and S-Presso, rolled into the Anantnag Goods Shed directly from the company’s Manesar plant in Haryana, PTI reported. This marks…

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US market today: Wall Street edges higher as record-setting week nears end; AI optimism drives tech gains amid shutdown

US market today: Wall Street edges higher as record-setting week nears end; AI optimism drives tech gains amid shutdown

US stocks continued to climb on Friday, as Wall Street edged toward the finish of another record-setting week, buoyed by optimism around artificial intelligence and hopes of easier interest rates despite a partial government shutdown.The S&P 500 rose 0.2% and is on track for its seventh winning week in nine, while the Dow Jones Industrial…

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Data blackout: Government shutdown halts US employment releases; economic indicators on hold

Data blackout: Government shutdown halts US employment releases; economic indicators on hold

The United States has delayed the release of a key employment report as a partial government shutdown entered its third day on Friday, creating uncertainty over the state of the world’s largest economy.Other economic indicators scheduled for publication this week, including weekly unemployment claims, have also been postponed, depriving policymakers and businesses of crucial information…

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Forex reserves dip to 0.2 billion: Foreign currency assets decline; gold holdings rise

Forex reserves dip to $700.2 billion: Foreign currency assets decline; gold holdings rise

India’s foreign exchange reserves declined by $2.334 billion to $700.236 billion in the week ended September 26, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous week, the reserves had dipped by $396 million to $702.57 billion.The fall was primarily due to a drop in foreign currency assets…

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Global recognition: India wins ISSA Award 2025 for social security; coverage jumps from 19% to 64% in a decade

Global recognition: India wins ISSA Award 2025 for social security; coverage jumps from 19% to 64% in a decade

India has been recognised globally for its strides in social protection, becoming the fifth country to win the prestigious International Social Security Association (ISSA) Award for Outstanding Achievement in Social Security.The honour was conferred at the World Social Security Forum (WSSF) in Kuala Lumpur, Malaysia, where Union Labour and Employment Minister Mansukh Mandaviya received the…

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UPI transaction in September slip below 2 billlion but daily average up

UPI transaction in September slip below 2 billlion but daily average up

MUMBAI: UPI (Unified Payments Interface) transactions in September 2025 continued to show strong momentum, with growth evident in both daily transaction counts and values. While the total number of transactions for the month dipped slightly compared to August, the average daily data—adjusted for the shorter 30-day September—indicates a clear upward trend in activity on the…

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AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’

AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’

OpenAI has asked a federal judge to dismiss a lawsuit from Elon Musk’s AI startup xAI, which claims that the company lured away its employees to steal trade secrets. OpenAI called the case part of Musk’s “ongoing harassment” and denied all allegations as “false and unsubstantiated.”In its court filing, OpenAI said, “Under Musk’s leadership, talented…

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Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit

Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit

The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion. (AI image) With Russia’s oil refineries being damaged by Ukraine attacks, India’s oil companies are plugging in the resulting shortages in the global oil markets. India has moved to fill fuel supply gaps in Russia’s primary markets…

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India-Russia trade: Putin orders officials to increase imports to address trade imbalance; ‘losses faced by India due to US tariffs…’

India-Russia trade: Putin orders officials to increase imports to address trade imbalance; ‘losses faced by India due to US tariffs…’

The Russian president indicated that to address trade disparities, Russia could increase its imports of agricultural goods and pharmaceutical products from India. (AI image) India and Russia are looking to deepen trade ties, with Russian president Vladimir Putin instructing officials to formulate strategies to address the trade imbalance. This includes increased procurement of agricultural goods…

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