After festival inventory buildup, two-wheeler dispatches fall in November

Major two-wheeler (2W) manufacturers in India witnessed a single-digit decline in domestic sales in November after dispatches had picked up in October for the festive season when wholesales went up by 14 per cent and retail also grew by 36

Good news for RIL, ONGC as govt scraps windfall tax

The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Photograph: Dado Ruvic/Reuters Minister of State for Finance Pankaj

GDP growth slows to 2-year low of 5.4% in Q2

India’s economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption, but the country continued to remain the

Key infra sectors’ growth drops to 3.1% in Oct

The output of eight key infrastructure sectors expanded by 3.1 per cent in October 2024, sharply down from a 12.7 per cent growth registered in the same month last year, according to official data released on Friday. Photograph: Sergei Karpukhin/Reuters

Forex reserves drop $1.31 bn to $656.5 bn

India’s forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. Photograph: Dado Ruvic/Reuters The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting

Google to be probed for unfair biz in gaming apps’ listing on Play Store

Fair trade regulator CCI on Thursday ordered a probe against Google and its affiliates for alleged unfair business practices with respect to listing of real money gaming apps on Play Store. Photograph: Dado Ruvic/Reuters While passing the order, CCI said