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AUGUST 2023 SPENDING DECLINE
Fertiliser sales slide as poor rains cloud kharif seasonThe decline came amid rainfall deficiency and drought-like conditions in several parts of the country, which weighed on farmers' spending o...- Credit card spending falls 2.8% in August as new card additions slowIn August, credit card spending decreased by 2.8% to ₹2.02 lakh crore from July's ₹2.08 lakh crore. While year-on-year spending saw an incr...
- Fewer Indians plan to raise festive budgets in 2026, but high spenders grow: SurveyA recent survey shows a decrease in the number of Indians looking to boost their festive budgets for 2026. While the willingness to spend o...
- PB Fintech forced to rethink business plan as India insurance commissions cap comes as a major shockerProposed commission caps from the Insurance Regulatory and Development Authority of India could severely impact PB Fintech's revenue. The c...
- Gold rises despite Fed rate hike as real-yield link weakens, central-bank buying accelerates: Monarch PMSGold continues to strengthen despite higher US real yields and a Federal Reserve rate hike, with central-bank buying, inflation risks and e...
- Who is Roshibina Devi: How Manipur's Asian Games silver medallist fought last minute Injury replacement, mental harassment to win a medalRoshibina Devi won a silver medal in the women's 60kg sanda event at the Asian Games. She lost the final match to China's Zhang Xiaoyu with...
- Bharat Dynamics shares rise 2% in a weak market after bagging Rs 811 crore order from Ministry of DefenceBharat Dynamics shares gained 2% after the Defence Ministry awarded an Rs 810.79-crore contract for 160 SAT-SAAW weapons and associated equ...
- ET Graphics: Indian skies lose altitude as August air traffic falls and West Asia risks mountIn August, domestic air passenger traffic decreased by 6.34% compared to the previous year, reaching 12.12 million. For the first eight mon...
- Retail sector logs 10% growth in August on stable consumer demand: RAI surveyMumbai's retail sector recorded a 10 per cent year-on-year growth in August, building on previous months. Regional growth remained consiste...
- Global Market: UK business growth cools as inflation pressures build in SeptemberBritish business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensifie...
- India domestic air passenger traffic declines marginally in Jan-Aug 2026 (YoY): DGCAIndia's domestic air passenger traffic declined marginally by 0.18 per cent year-on-year during January-August 2026, as per the data shared...
- Credit card issuers push EMI loans to counter revolver model misfireWith a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction v...
- US stocks: Nasdaq hits intraday record as tech stocks regain momentumOn Tuesday, the Nasdaq Composite surged to a new intraday record high, buoyed by a rebound in technology stocks and declining oil prices th...
- August core sector growth hits 3-month low as energy sectors lose steamIndia's core sector output growth slowed to 4.8 percent in August. This easing was due to contractions in energy sectors and an unfavorable...
- Charting the global economy: Fed officials raise interest ratesThat marks the shortest interval between such moves since 1990, when the central bank’s rapid policy tightening played a key role in bursti...
- America in focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The US economy remained in focus as inflation, borrowing costs and consumer spending has been shaping the outlook for households and busine...
- Only 2 of 23 mutual fund themes gained in August; IPO, defence stay green as auto, railways and tech slide : ReportOnly two of 23 mutual fund themes, IPO and defence, gained in August as domestic equities faced broad-based pressure, according to Vallum C...
- US manufacturing output falls in August after rising for seven straight monthsUS factory production declined unexpectedly in August after seven months of increases. Higher oil prices and rising interest rates are expe...
- Global Market: China’s AI boom lifts factory output as property slump deepensChina's industrial output accelerated in August, supported by strong demand for AI-related technology and advanced manufacturing. However, ...
- UK study visa applications fall 16% in year to August 2026UK study visa applications fell 16% in the year ending August 2026, with 360,700 applications from main applicants. Applications from stude...
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