Page 10 - Quanteco Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Ministry of Statistics and Programme Implementation will release industrial production data for September at 5:30 pm on November 10.

Sales at online platforms like Amazon.com Inc., and Walmart Inc.-owned Flipkart was up by almost a fifth in the first week of the festive sales from a year ago. Digital transactions recorded by Unified Payments Interface surged about 40% in October from a year earlier.

Festive Season Sales: Economists point to an easing in inflation and a pickup in wages, especially in the rural countryside, where a majority of India’s population live. Consumer confidence reached a four-year high in September, the latest central bank figures show, while demand for bank loans is hovering near a 12-year high despite interest rate hikes this year.

India Business News: India's festive season spending is driving growth in the country's economy, with consumers splurging on cars, smartphones, and TVs. Online sales platf

The Reserve Bank of India (RBI) is considering rolling over a $5 billion foreign exchange swap set to mature next week in order to prioritize liquidity management over bolstering forex reserves. Some investors believe that allowing the swap to mature could lead to an inflow of around ₹40,000 crore in the banking system, but others argue that the RBI should focus on battling inflation. The RBI's decision may also be influenced by its desire to augment reserves as it collects $5 billion back from banks.