Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…
Financial fraudsters are increasingly shifting their operations toward small business and current accounts, using them to move large amounts of illegal funds, executives at fraud-detection startups said.In the past, scammers generally hijacked retail and Jan Dhan accounts and converted them into mule accounts. However, now they are turning to business accounts for the same purpose….
NEW DELHI: Black Friday sales in India recorded a strong rise this year, with overall order volumes growing 27% compared to 2024, according to an analysis by e-commerce enablement platform Unicommerce. The surge was driven largely by healthy food products, beauty and personal care, and home categories.The findings highlight the increasing popularity of the global…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
Representative image (AI-generated) NEW DELHI: Investor sentiment in the unlisted market appears optimistic as three mainboard IPOs – Meesho, Aequs Limited and Vidya Wires prepare to open for subscription between December 3 and December 5.All three issues are currently trading at notable premiums in the grey market, indicating expectations of healthy listing-day activity, according to…
The Quick Estimates of IIP reached 150.9, compared to 150.3 in October 2024. (AI image) October 2025 IIP: The Index of Industrial Production or IIP for the month of October slowed to 0.4% as against 4% in September, according to the latest government data. The reduced growth can be attributed to fewer working days due…
Representative image (AI-generated) NEW DELHI: The government on Monday said that over the past five years, more than two lakh private companies have been closed in India.According to data provided by Minister of State for Corporate Affairs Harsh Malhotra in a written reply to the Lok Sabha, a total of 2,04,268 private companies were shut…
GST collections: The Gross Goods and Services Tax (GST) collections for the month of November came in at over Rs 1.70 lakh crore. This is a rise of 0.7%, according to official data. The GST revenue maintained strong year-to-date performance. Official provisional figures indicate total Gross GST revenue reached Rs 1,70,276 crore in November 2025,…
One of the key changes is the wage redefinition, as this forms the base for all calculations under the codes. (AI image) By Parizad SirwallaIndia’s labour landscape is witnessing one of the most significant transformations in decades. As of 21 November 2025, most of the provisions under the four Labour Codes have been made effective….
The PMI after seasonal adjustments, declined to 56.6 in November from October’s 59.2. (AI image) US President Donald Trump’s 50% tariffs on India have hit the manufacturing sector, but the impact has been somewhat cushioned by diversification to other countries. The manufacturing activity in India experienced a slowdown to a nine-month low during November, attributed…
