business

RBI Governor Sanjay Malhotra and Finance Minister Nirmala Sitharaman affirmed India’s economic stability and resilient growth at the Kautilya Economic Conclave 2025. They highlighted strong fundamentals, including low inflation and robust balance sheets, positioning India as a stabilising force amidst global turbulence and trade challenges, even with US tariffs.

India’s economy is experiencing robust growth and expanding investment opportunities, affirmed NK Singh, 15th Finance Commission chairman. The nation remains the fastest-growing major economy, with recent GDP surging to 7.8%. Ongoing structural reforms, including GST, are fostering fiscal space and investor confidence.

The Centre has extended the deadline for fresh applications to its textile Production-Linked Incentive (PLI) scheme until December 31, following an encouraging industry response. This move offers prospective investors another opportunity to participate, reflecting growing confidence in domestic manufacturing and market demand for synthetic and specialized fabrics. The scheme aims to boost large-scale production and…

According to Vahan data, total registrations of battery-powered vehicles in Sept stood at 1.82 lakh units, down 3% from 1.88 lakh units in August. However, quarterly volumes showed improvement, with 5.70 lakh units registered in Q2 FY26 compared to 5.33 lakh units in Q1 of this fiscal.

India’s pre-owned luxury market is experiencing unprecedented growth, with sales of watches and bags surging across online and offline platforms. Retailers report quadrupled sales and significant demand from tier-II and tier-III cities, driven by high aspirations. This boom is seen as a revolution, prompting expansion plans for certified luxury goods.

WeWork India is set to raise Rs 3,000 crore through an offer for sale, reducing its promoter stake. The flexible office operator recently achieved profitability in FY25, boosted by a deferred tax credit.

Russian President Vladimir Putin is pushing to deepen trade ties with India, instructing officials to increase imports of Indian agricultural goods and pharmaceuticals. This move aims to address the trade imbalance caused by India’s substantial crude oil purchases, especially as India faces US tariffs.

Union Finance Minister Nirmala Sitharaman highlighted India’s growing economic resilience amid intensifying global geopolitical tensions, asserting the nation is well-equipped to absorb external shocks. She emphasized that current disruptions signify a structural transformation, urging India to actively shape outcomes and ensure inclusivity in new forms of cooperation, leveraging its evolving economic influence.

Gold price prediction today: Gold prices are expected to maintain bullish momentum long-term, but intraday traders can consider a “sell on rise” strategy today. Technical indicators suggest a temporary correction due to overbought conditions and profit-booking near the 117250-117400 resistance. This high-risk, short-term trade targets 116400 with a stop-loss at 118200.

American tech firm Natsoft and its subsidiary Updraft have sued Mumbai-based Hexaware Technologies for $500 million in the US, alleging patent infringement. They claim Hexaware’s platforms illegally incorporate Natsoft’s patented technologies and misused confidential information from their partnership. Hexaware, however, asserts the complaint lacks merit and anticipates no significant financial impact.