Auto sector shines in festive quarter; PV sales up 12 pc, two-wheelers 18 pc
New Delhi, Dec 2 (IANS) The Indian automobile sector witnessed a robust festive season (September+October+November) as passenger vehicle (PV) wholesale was up 12 per cent year-on-year (YoY) and retail was up 15 per cent, while two-wheeler (2W) wholesale was up 9 per cent YoY and retail up 18 per cent YoY, a report said on […]
Credit card spends ease in October as point‑of‑sale transactions grow 22pc
New Delhi, Dec 2 (IANS) Credit card spending eased by Rs 2.5 billion in October to Rs 2,142 billion, a moderation of 1.1 per cent month‑on‑month but an increase of 6.1 per cent year‑on‑year, driven by a sharp shift toward point‑of‑sale transactions, a report said on Tuesday. “The strong POS growth can likely be attributed […]
RBI retains SBI, HDFC Bank & ICICI Bank in ‘Systemically Important’ category
Mumbai, Dec 2 (IANS) The Reserve Bank of India announced on Tuesday that State Bank of India (SBI), HDFC Bank, and ICICI Bank will continue to be classified as the country’s systemically important banks. The RBI had announced the SBI and the ICICI Bank as domestic systemically important banks (D-SIB) in 2015 and 2016. In […]
Manufacturing sector accounts for 78 per cent of foreign technical collaborations: RBI
New Delhi, Dec 2 (IANS) The foreign technical collaboration (FTCs) in the manufacturing sector entities accounted for 78.4 per cent of the total reported FTCs, of which, machinery and motor vehicles together accounted for 30.6 per cent, while FTCs in the services sector constituted 16.6 per cent between financial year 2023-2025 (FY23-25), data from Reserve […]
India to remain world’s fastest growing economy in FY26: OECD
New Delhi, Dec 2 (IANS) India remains the world’s fastest-growing major economy with an expected growth of 6.7 per cent in 2025-26, driven by higher private consumption and buoyant government expenditure on infrastructure projects, according to the economic outlook report released by the Organisation for Economic Co-operation and Development (OECD) on Tuesday. “India’s real GDP […]
Odisha CM directs departments to submit DMF audit and annual reports
Bhubaneswar, Dec 2 (IANS) Odisha Chief Minister Mohan Charan Majhi on Tuesday directed the secretaries of different departments to submit the annual report along with the audit report of each District Mineral Foundation (DMF). Majhi chaired an important high-level meeting at Lok Seva Bhawan in Bhubaneswar egarding the DMFs. According to an official statement, a […]
Indian Railways records 4.2 per cent increase in freight loading in November
New Delhi, Dec 2 (IANS) Indian Railways recorded a 4.2 per cent increase in freight loading to 135.7 million tonnes in November this year, compared with the corresponding figure of 130.2 million tonnes in the same month last year, according to an official statement issued on Tuesday. The growth has been primarily driven by significant […]
Organic farming gains momentum in Poonch: Farmers embrace sustainable agriculture
Poonch, Dec 2 (IANS) District Agriculture Department, in collaboration with the Krishi Vigyan Kendra (KVK), organised a one-day training and awareness programme on organic farming on Tuesday in Poonch, Jammu and Kashmir. Nearly 100 farmers—both men and women—participated with great enthusiasm. The participation reflected a growing interest in natural and sustainable agricultural practices in the […]
ICC takes Libyan war crimes suspect into custody
THE HAGUE(RAHNUMA): The International Criminal Court said Monday it had taken into custody a Libyan militia leader suspected of overseeing murder, torture, and rape at the notorious Mitiga prison near Tripoli. The court said that Khaled Mohamed Ali El Hishri, arrested in Germany in July, was now in the ICC detention center in The Hague […]
Limited aid hits Sudan relief efforts
KHARTOUM(RAHNUMA): As waves of traumatized refugees flee intensifying violence in Sudan’s North Darfur, those reaching safety in eastern Chad are finding almost no international humanitarian assistance waiting for them. With funding for the crisis plummeting, newly arrived families depend almost entirely on meager donations from earlier refugees and the strained generosity of local Chadian communities. […]
