All public sector banks and regional rural banks will remain operational on Sunday. NEW DELHI: Banks are open and functioning normally across the country on Sunday, September 27, as the government takes steps to ensure “uninterrupted banking services” ahead of the proposed three-day nationwide strike from September 28 to 30.The move comes as the strike…
The latest increase comes ahead of the peak festive shopping period. Consumers could face higher prices for air conditioners, washing machines, refrigerators and LED TVs this festive season, with leading appliance and consumer electronics makers planning price hikes of up to 8% from October 1 as rising commodity and freight costs squeeze margins.The latest increase…
MUMBAI: Mehli Mistry, M Pallonji Group director and confidant of the late Ratan Tata, will not seek re-election as Tata Medical Centre Trust (TMCT) trustee when his term expires Sept 30. This will make it his sixth exit from an institution linked to the late industrialist since his death in Oct 2024. Mehli sent an…
Where is rupee headed in near term? After suffering multiple lows over the year, rupee may now see some stability against the US dollar. The currency is likely to remain in the Rs 94.5-96 per dollar range in the near term, despite sizeable dollar inflows through FCNR deposits and external commercial borrowings (ECBs), according to…
GIFT Nifty breaks the $23 billion mark GIFT Nifty’s expansion since its full-scale launch in July 2023 has taken the international platform to another trading milestone, with turnover, volume and open interest all hitting fresh highs on September 25.The platform’s cumulative turnover reached $3.52 trillion as of September 25, 2026, while more than 76.19 million…
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein Foreign investors may continue to remain cautious on Indian stocks even after the artificial intelligence (AI) trade peaks, brokerage Bernstein said. It said foreign investors are unlikely to return in large numbers unless India is able to build industries and companies…
New Delhi: Most urban travellers opt for hotels, guesthouses or house rentals for their stay for an overnight domestic trip, while dharamshalas remain the top place of stay for those from rural India.A part of the reason may have to do with the fact that over three-fourths of Indians who travelled in the past year…
NEW DELHI: Tata Motors is absorbing a substantial share of rising input costs as price increases and savings fail to fully offset the pressure, even as it expands its compact sedan offering for family buyers.Commodity inflation over past five-to-six months had created uncertainty over costs and margins, said Shailesh Chandra, managing director, Tata Motors Passenger…
CHENNAI: Following a two-year decline in volumes, the small car segment is showing signs of revival, helped by GST rate cut on small cars. The lower tax burden has reduced the price barrier for buyers at the bottom end of the market, making entry-level cars more affordable.Overall small car sales fell from 16.4 lakh units…
Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
