Economic & Finance News

India amends tax treaty with France, drops most favoured nation clause

India and France have updated their tax treaty. This agreement changes how dividends are taxed between the two nations. French companies with large stakes in Indian firms will see a [...]

India's economy shows resilience in January: RBI bulletin highlights strong growth and favorable outlook

In January, India's economic landscape showcased resilience, with industrial production and service sectors experiencing consistent growth. Publicly traded companies noted impressive sales figures, particularly within the manufacturing domain. Anticipated trade [...]

Gujarat tables Rs 4.08 lakh cr Budget, 10.2% higher compared to last year

Gujarat's Finance Minister Kanu Desai unveiled a ₹4,08,053 crore budget for 2026-27. The plan prioritizes developing six regions as growth hubs. Significant funds are allocated for sports infrastructure to prepare [...]

States urged to expedite capex proposals, use up funds before March 31

The government is pushing states to quickly approve and implement projects under the Special Assistance to States for Capital Expenditure scheme. Over ₹1.04 lakh crore has already been released. With [...]

Cash craze: Currency in circulation touches record Rs 40 lakh crore

The amount of cash circulating in the economy has hit an all-time peak of Rs 40 lakh crore in January, after rising 11.1% year-on-year. Yet, interestingly, the cash-to-GDP ratio has [...]

RBI governor Malhotra urges MSMEs to formalize, digitize, and maintain credit discipline for resilience

RBI Governor Sanjay Malhotra urged MSMEs to embrace formalization, credit discipline, and digital payments for enhanced resilience and competitiveness. The central bank reiterated its commitment to improving access to timely [...]

For $10 trillion GDP by 2035, India needs to draw on patient capital: Spark Capital CEO Rama Rao at ET Now GBS

India needs patient capital to achieve its $10 trillion GDP target by 2035, according to Spark Capital's Y Rama Rao. He highlighted the success of South Korea and Singapore in [...]

Tokyo to Mumbai: The Japanese are pouring big money into India

India has emerged as Japan's most promising market, driving significant Japanese investment. Mizuho Bank Global CEO Masahiko Kato highlighted a strategic push to build an India-Japan corridor, supporting businesses in [...]

CPSEs, Railways, NHAI, DMRC maintain capex momentum, spending nears ₹6.7 Lakh crore

Public sector companies and four major government bodies maintained their capital spending this fiscal year. Their expenditure reached ₹6.67 lakh crore by January, nearly matching last year's ₹6.79 lakh crore. [...]

GST summons are for inquiry, don't amount to detention: HC

In a significant ruling, the Bombay High Court has reaffirmed that summonses issued under the CGST Act serve solely for the purpose of inquiries and recording statements, and do not [...]

Unclaimed bank deposits of Rs 72,454 crore lying with DEA Fund: MoS Finance

Over Rs 72,000 crore in unclaimed bank deposits are held by the RBI's DEA Fund by January 2026. Steps are being taken to help people find their lost money. The [...]

Govt flags backlog of 24.6 lakh ITRs pending beyond 90 days

More than 24 lakh income tax returns remain unprocessed for over 90 days. This is out of nearly 8.80 crore returns filed for Assessment Year 2025-26 by February 4, 2026. [...]

King dollar risks losing its crown to an Asian mutiny

Asian nations are quietly challenging the dollar's global dominance, moving beyond mere rhetoric. China's digital yuan (e-CNY) now offers interest, making it competitive with bank deposits. Meanwhile, the mBridge platform, [...]

New EPFO app to allow members to withdraw EPF money through UPI

EPFO subscribers will soon be able to withdraw provident fund directly into their bank accounts via UPI using a new mobile app launching in April. This initiative aims to streamline [...]

Govt to form panel to align tax, accounting rules and cut India Inc compliance burden

A joint panel will be formed by the corporate affairs ministry and CBDT by March-end. This initiative aims to align tax computation rules with accounting standards. The move will reduce [...]

Market News

Gainers & Losers: LTIM, TAC Infosec among 7 big movers on Tuesday

Indian benchmarks tumbled Tuesday as IT, auto and banking stocks dragged indices lower. Select stocks saw sharp moves amid AI-driven disruption fears and sector-specific triggers. [...]

Tata Investment shares slips 3% as Tata Sons chief’s reappointment talks deferred

Tata Investment Corporation shares fell Tuesday. Tata Sons Executive Chairman N Chandrasekaran reportedly asked to postpone reappointment talks. This followed disagreements at a board meeting. Tata Trusts Chairman Noel Tata [...]

Institutions trim stakes in 9 midcap stocks in Q3. Are you still holding?

Institutional investors trimmed stakes across nine NSE midcap stocks in the December 2025 quarter, reflecting portfolio rebalancing and selective profit booking. Companies such as Kaynes Technology, ITC Hotels and Dixon [...]

Mutual Funds bet big on 9 microcaps stocks held over 4 quarters; 2 turn multibaggers

Indian IT shares experienced a sharp decline on Tuesday, extending a significant selloff driven by concerns over AI-led disruption. Analysts are divided on whether to buy the dip or await [...]

Natco Pharma, Eris Lifesciences shares jump up to 6% on partnership for Semaglutide launch in India

Shares of Natco Pharma and Eris Lifesciences climbed on Tuesday after announcing a partnership to commercialise Semaglutide in India. Natco rose over 6% to its highest level since January 8, [...]

Eternal tumbles 6% as sell-off deepens; stock among biggest Sensex drags

Eternal shares fell 6% amid heavy selling pressure, emerging as one of the top drags on the Sensex. Despite strong Q3 earnings and robust Blinkit growth, the stock has underperformed [...]

Will AI eat software or is it the other way round? HSBC has a fresh take on the debate

HSBC argues that AI will not replace enterprise software but become embedded within it, acting as a supporting layer. The brokerage sees legacy software vendors as key beneficiaries of AI [...]

IDFC First Bank shares rise 3% after Haryana CM says Rs 556 crore returned to govt; what lies ahead?

IDFC First Bank shares saw a brief surge then settled flat. This followed Haryana Chief Minister Nayab Singh Saini's statement on recovering the full Rs 590 crore from a fraud [...]

Nifty IT’s 21% February crash is worst since the 2008 global financial crisis. More pain or perfect time to buy?

IT Stocks Selloff News: The Nifty IT index has crashed over 21% in February—its worst monthly drop since 2008—as fears of AI-driven disruption roil tech stocks. Heavyweights like Infosys, HCLTech [...]

Lodha, Godrej Properties, other realty stocks slide up to 5% as IT rout sparks fears over housing demand

Real estate stocks tumbled on Tuesday as sharp IT selloff renewed worries about commercial property demand and urban housing appetite. The Nifty Realty index dropped 3%, with Prestige Estates, Lodha, [...]

Infosys, TCS & other IT stocks slump up to 8%; buy the dip or brace for more AI-led selloff?

Indian IT stocks experienced a sharp decline on Tuesday. This selloff is driven by concerns over artificial intelligence disrupting the sector. Analysts are divided on whether to invest now or [...]

Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocks

IBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall Street—its worst drop in 25 years—amid concerns [...]

Shree Ram Twistex IPO Day 2: Retail portion subscribed over 2x; GMP rises to 9%, check other key details

Shree Ram Twistex IPO was subscribed 30% on Day 2, with the retail portion oversubscribed more than two times while QIBs remained absent. The grey market premium rose to 9%, [...]

AI coming for cybersecurity too? Anthropic fear hits another corner of Indian stock market

Cybersecurity stocks in India and the US fell sharply after Anthropic launched Claude Code Security, raising concerns about AI-driven disruption in legacy systems and vulnerability management. Indian counters dropped up [...]

4 Vijay Kedia stocks crash up to 20% on fears of AI-led disruption

Shares of four companies backed by ace investor Vijay Kedia tumbled up to 20% on Tuesday after investors reacted to AI startup Anthropic’s new security tool, Claude Code Security, which [...]