New Delhi, September 3 – India’s unexpectedly strong economic growth has sparked a debate after an ex-bureaucrat and a former central bank chief questioned whether the expansion was overstated and the government defended its numbers. The world’s fifth-biggest economy grew
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Bengaluru, Sept 3 (Reuters) – India’s dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest
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New Delhi, Sep 3 (PTI): The rupee appreciated 47 paise to 94.26 against the U.S.
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New Delhi, September 3 – India’s unexpectedly strong economic growth has sparked a debate after an ex-bureaucrat and a former central bank chief questioned whether the expansion was overstated and the government defended its numbers. The world’s fifth-biggest economy grew 7.8% in the three months through June from the same quarter last year, government data showed on Monday, beating the 7.1% forecast by analysts in a Reuters poll as an investment boom and manufacturing strength added to solid consumer demand. WHAT’S THE BEEF? Subhash Chandra Garg, formerly the top Finance Ministry bureaucrat, told Indian media that growth was inflated because
Bengaluru, Sept 3 (Reuters) – India’s dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest pace in over a year. HSBC’s India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 54.1 in August from July’s 53.3, but was slightly lower than a preliminary estimate of 54.5. A PMI above 50.0 signals expansion in activity. However, the headline reading was fractionally below its long-run average. New business – the survey’s primary demand indicator
Mumbai, Sep 2 (PTI): Benchmark equity indices Sensex and Nifty rebounded in early trade on Thursday after three sessions of losses, helped by buying in blue-chip bank stocks and a firm trend in global markets. The 30-share BSE Sensex climbed 334.16 points, or 0.44 per cent, to 76,904.51 in morning trade. The 50-share NSE Nifty advanced 95.45 points to 24,009.90. Tata Steel, Adani Ports, Axis Bank, ICICI Bank, State Bank of India, HDFC Bank, Power Grid, Eternal, Larsen & Toubro, Bharti Airtel and UltraTech Cement were among the major gainers from the Sensex pack. Tech Mahindra, HCL Technologies, Infosys, Tata
New Delhi, Sep 3 (PTI): The rupee appreciated 47 paise to 94.26 against the U.S. dollar in early trade on Thursday (September 3, 2026), supported by much higher than expected FCNR (B) deposits mobilisation. Forex traders said the rupee’s movement reflects strong underlying inflows and aggressive RBI intervention offsetting the negative impact of higher crude oil prices and global yields. At the interbank foreign exchange market, the rupee opened at 94.30 against the U.S. dollar, then gained ground to touch 94.26, registering a gain of 47 paise from its previous close. On Wednesday (September 2), the rupee settled at 94.73
