Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Swadeshi drive & GST cuts push Diwali sales to ₹6L cr

Financial Express Mumbai

|

October 22, 2025

Highest-ever in trading history; growth of 25% versus last year

- VIVEAT SUSAN PINTO

DIWALI SALES THIS year touched a record 6.05 lakh crore led by GST rate cuts and strong demand for local or 'swadeshi' products, traders' body CAIT said on Tuesday, adding this was the highestever in India's trading history.

Sales were a smart 25% higher than last year, including ₹5.4 lakh crore worth of goods and ₹65,000 crore in services.

Almost 85% of the total trade in 2025 came from physical markets and smaller traders, CAIT said, marking a comeback for traditional trade that has seen a slowdown in recent years due to the rise of ecommerce and quick commerce. Rural and semi-urban India accounted for 28% of total trade, confirming deeper economic participation beyond metros, the body added.

FLERE HISTORIER FRA Financial Express Mumbai

Financial Express Mumbai

Ola staff suicide: Police told not to harass CEO

Kin question money paid after death

time to read

2 mins

October 22, 2025

Financial Express Mumbai

$100,000 H-1B fee won't apply to status change or renewals: USCIS

THE $100,000 FEE imposed bytheTrumpadministration on new H-1B visa petitions willnotapply toapplicants seeking a “change of status” or “extension of stay’,according to fresh guidelines.

time to read

1 mins

October 22, 2025

Financial Express Mumbai

Warner Bros weighs sale amid interest from many parties

WARNER BROS DISCOVERY (WBS) has begun to consider various deal scenarios in light of \"unsolicited interest\" the media and entertainment conglomerate has received from \"multiple parties\" for all or part of the company.

time to read

2 mins

October 22, 2025

Financial Express Mumbai

US, Australia join hands on rare earths to counter China

US PRESIDENT DONALD Trump and Australian PM Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump’s jab at Australia’s envoy to the US over past criticism.

time to read

1 min

October 22, 2025

Financial Express Mumbai

'Managing gold loan risk now a bigger challenge than demand'

South Indian Bank posted its highest-ever quarterly net profit of₹351.36 crore in Q2.MD & CEO PR Seshadri tells Narayanan V that the performance was driven by growth in MSME and retail segments, the bank's preparedness for ECL framework, and its cautious approach to jewel loans.

time to read

2 mins

October 22, 2025

Financial Express Mumbai

New scheme to help get top Indian faculty overseas to return

THE GOVERNMENT IS working on anewscheme toattract Indian-ori-gin “star faculty” and researchers settled abroad to return and work in Indian institutions.

time to read

2 mins

October 22, 2025

Financial Express Mumbai

Coming: Insolvency law for civic bodies

Move to boost credit profile & capex of urban local bodies

time to read

2 mins

October 22, 2025

Financial Express Mumbai

LTIMindtree's Nachiket Deshpande steps down

LTIMINDTREE ON TUESDAY announced the resignation of Nachiket Deshpande from the position of whole-time director and president with effect from October 31.

time to read

1 min

October 22, 2025

Financial Express Mumbai

Hoteliers bet on mid-market segment with big investment

FOR THE FIRST time in over a decade, India's planned supply of branded hotel rooms has crossed the 100,000 mark.

time to read

1 mins

October 22, 2025

Financial Express Mumbai

An uncertain and rocky ride

“A ROCKY RIDE\" often creates or reflects “uncertainty”. Those two labels describe the current Indo-US relationship.

time to read

4 mins

October 22, 2025

Listen

Translate

Share

-
+

Change font size