Sunday, September 06
Mumbai: Several economists, citing record low consumer inflation, have urged the Reserve Bank of India (RBI) to consider reducing policy rates in the upcoming December assessment. They conveyed this view during the two-day pre-review consultations that concluded on Wednesday. A cut in the repo rate now would boost growth in the months to come without impacting inflation, economists said. They expect Asia's No. 2 economy to expand 6.8% to 7%, while consumer inflation is expected to to be in the range of 1.8% to 2% this fiscal year. For FY27, estimates show the GDP would expand 6.5% to 7%, while inflation is likely at 3.5-4%. Multiple meetings, held on Tuesday and Wednesday, were attended by deputy governor Poonam Gupta and Indranil Bhattacharyya, executive director, in charge of the monetar
India's infrastructure output remained flat year-on-year in October, government data showed on Thursday. The index, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew at a revised 3.3% in September.Coal production declined by 8.5 per cent in October, 2025 over October, 2024. Likewise, crude oil production dipped by 1.2 per cent in October as compared to the same period last year. Fertiliser production rose 7.4 per cent in October 2025 from a year earlier. Meanwhile, steel output expanded 6.7 per cent in October on an annual basis.Natural gas production slipped 5% in October 2025 from a year earlier. Petroleum refinery output, however, posted a 4.6% rise in October on a year-on-year basis.The ICI measures the combined and individual perf
Life has come full circle for Swiggy investors, with the stock now hovering near its IPO price of Rs 390, down 36% from the peak of Rs 617 on the NSE. On November 13, exactly one year after its market debut, the shares slipped to Rs 382 on the NSE. Brokerages' views on stock's prospects remain mixed, adding a fresh layer to the current uncertainty. Swiggy, the primary competitor to Eternal's (Zomato) food delivery business, experienced a swift rally in its share price post-listing, surging 58% to a peak of Rs 617 within a month and a fortnight. However, the euphoria did not last long as the scrip witnessed a sharp downturn over the next six months, declining 52% to reach a low of Rs 297 in May. While the share price has recovered slightly from its trough, it has since failed to regain inve
Did PhysicsWallah shares end lower or higher on Thursday? It depends on which exchange you are looking at. In a rare and puzzling trading anomaly, the newly-listed edtech company ended the session with sharply divergent closing prices on the two main exchanges, BSE and NSE, in a unique case that capped a volatile few days for one of the market’s most hyped IPOs of the year.PhysicsWallah shares closed 2.6% higher at Rs 147 on the NSE, while the stock ended 1.8% lower at Rs 140.95 on the BSE, amid heightened activity in the final minutes of trade. The Rs 6.05 gap, or roughly 4%, between the two closing prices is highly unusual in a tightly arbitraged market such as India’s.Such price differences are typically short-lived and tend to narrow in early trades in the following session, as arb
