Business

The IMF has raised its US and global growth forecasts, noting tariffs’ less severe impact than expected due to trade deals and supply chain adjustments. However, rising inflation and cautious business sentiment suggest temporary relief, with costs likely to shift to consumers.

Tech Mahindra’s net profit saw a 4.44% dip to Rs 1,194.5 crore in the September quarter, despite a revenue increase to Rs 13,995 crore. The IT services major’s pre-tax profit margin expanded year-on-year to 12.1%, while its employee strength decreased by 1,559. Shares of Tech Mahindra closed higher, outperforming the benchmark index.

Silver prices surged to a record Rs 1,85,000 per kg on Tuesday, marking a Rs 6,000 jump. This rally, extending a five-day winning streak, was fueled by strong festive and wedding season demand and a weaker rupee. Gold also hit an all-time high of Rs 1,30,800 per 10 grams in Delhi, driven by robust pre-Dhanteras…

Gold ETFs witnessed record inflows of Rs 8,363 crore in September, a fourfold surge driven by strong performance and safe-haven demand amid global uncertainty. Experts highlight this trend as a strategic move by investors seeking diversification and a reliable store of value against geopolitical tensions and market volatility.

The National Highways Authority of India is rewarding users Rs 1,000 in FASTag credit for reporting dirty toilets at toll plazas. Highway users can submit geo-tagged photos of unclean facilities via the ‘Rajmargyatra’ app until October 31, 2025. This initiative aims to improve cleanliness on national highways, with each vehicle registration number eligible for one…

Wholesale price inflation dipped to a mere 0.13% in September, largely due to falling food and manufactured goods prices. Deflation in food articles deepened significantly, with vegetables seeing a sharp price drop. Experts anticipate subdued wholesale inflation ahead, influenced by global commodity prices and strong agricultural output, potentially impacting corporate margins.

Indian tourists visiting Japan will soon be able to use UPI for payments following a deal between NPCI International and NTT DATA. This partnership will allow travelers to scan QR codes with their UPI apps at merchant locations managed by NTT DATA, offering a familiar and seamless digital payment experience.

Gold has surged to a new record above $4,100, with silver also hitting an all-time high, driven by anticipated US Federal Reserve rate cuts and escalating US-China trade tensions. Investors are seeking safe havens amid geopolitical uncertainties and central bank buying. Analysts predict further gains, with some forecasting gold to reach $5,000 by 2026.

Despite a surge in digital payments, cash continues to dominate nearly half of India’s transactions, particularly in rural areas. While retail payments are overwhelmingly digital, driven by government initiatives and improved infrastructure, cash remains resilient. The Unified Payments Interface (UPI) is rapidly expanding, yet cash’s strong presence persists, coexisting with digital advancements.