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

Financial Express Pune

|

October 22, 2025

INDIAN PRODUCTS TOP CHOICE FOR 87% OF SHOPPERS: CAIT DATA

- 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.

Financial Express Pune'den DAHA FAZLA HİKAYE

Financial Express Pune

New BP boss becomes Big Oil’s most powerful woman

MEG O'NEILL'S RAPID rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt.

time to read

1 mins

December 19, 2025

Financial Express Pune

Vi arm VITIL raises ₹3,300 cr

DEBT-RIDDEN VODAFONE Idea on Thursday said its subsidiary VITIL has completed a ₹3,300-crore fundraise by way of issuing non convertible debentures.

time to read

1 min

December 19, 2025

Financial Express Pune

Securities market Bill in LS

UNDERTHE BILL, the strength of the Sebi board will increase from nine to 15 members. The Code also provides a framework for inter-regulatory coordina- tion, including for the listing of non-traditional securities, and introduces regulatory sand- boxes to facilitate innovation in financial products, contracts and services. In addition, Sebi will be mandated to follow a transparent and consultative process while issuing subordi- nate legislation, conduct peri- odic reviews of regulations, and carry out regulatory impact assessments.

time to read

2 mins

December 19, 2025

Financial Express Pune

‘Bike taxis have huge headroom to grow’

Uber India's two-wheeler business is now its fastest-growing segment.

time to read

1 min

December 19, 2025

Financial Express Pune

Accenture beats Q1 sales estimates on AI boost

NASDAQ-LISTED IT services major Accenture on Thursday beat Street estimates for firstquarter revenue, riding on a strong demand for its artificial intelligence (AI) solutions, but said it will no longer disclose separate revenue and bookings data for AI deals going ahead, as the tech is now increasingly embedded across almost all projects.

time to read

1 min

December 19, 2025

Financial Express Pune

More pressure likely for GIC Re

THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.

time to read

1 mins

December 19, 2025

Financial Express Pune

Airtel rejigs top deck, Shashwat new MD & CEO

Gopal Vittal is executive VC, Soumen Ray group CFO

time to read

1 min

December 19, 2025

Financial Express Pune

Oman FTA to boost capital flow

TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.

time to read

2 mins

December 19, 2025

Financial Express Pune

Railways failed to monetise vacant land, says CAG report

OUT OF A land holding of about 488,000 hectares, the Indian Railways could identify by March 2023 only 13% as vacant land and managed to award a negligible 0.14% of it to developers, according to a report of the Comptroller and Auditor General of India (CAG) tabled in the Lok Sabha on Thursday.

time to read

1 min

December 19, 2025

Financial Express Pune

Sebi mulls stricter norms for M&As

MOVE TO PROTECT SMALLER INVESTORS

time to read

1 min

December 19, 2025

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