Markets

India's forex reserves surge by $4.5 bn to cross $702 bn mark

India's forex reserves surge by $4.5 bn to cross $702 bn mark

India's gold reserves held by the RBI as part of the country's foreign exchange reserves surged by $6.2 billion to surpass the $108.5 mark for the first time on the back of a sharp rise in the price of the precious metal and increased purchases by the central bank. Oct 24, 2025
GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

From coffee to drones, GST rejig to boost Karnataka's economy

Karnataka is responsible for approximately 71 per cent of India's coffee production in Kodagu, Chikkamagaluru, and Hassan. Tax reforms could cut retail prices by 11–12 per cent and enhance margins for small processors and cooperatives. Tax reforms reduce prices on coffee extracts, instant coffee, UHT milk, paneer, ghee, butter, processed cashew nuts, coir products, and processed fish, with estimated retail price drops of 5–12 per cent based on the product. Oct 24, 2025
Sensex, Nifty open lower amid US-China trade tension

Sensex, Nifty open lower amid US-China trade tension

On the other hand, ICICI Bank, Tata Steel, Bharat Electronics (BEL), Mahindra & Mahindra, Bharti Airtel, HDFC Bank, and State Bank of India were trading in the green, helping limit the overall losses. Oct 24, 2025
Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

Strong Q2 growth, GST reforms to help India's growth expand at 6.6 pc this year: IMF

"Economies in the Asia-Pacific region have been resilient in 2025, posting stronger-than-expected economic growth in the first half of the year amid external and domestic challenges. Nevertheless, higher US tariffs and increasing protectionism will likely reduce demand for Asian exports and eventually weigh on growth in the near-term," said the IMF. Oct 24, 2025
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