Economic & Finance News
Investments in digital gold such as ETFs and similar products rose to 221 tonnes, up 134% on year, says WGC Report. [...]
India Post Payments Bank will now offer doorstep digital life certificate services to EPFO pensioners. This collaboration leverages India Post's extensive network of post offices and postal service providers. Pensioners [...]
For India, maintaining fiscal discipline will depend on sustaining strong non-tax inflows and ensuring the government’s capex push continues to translate into higher private investment and consumption -- critical for [...]
In October, the Goods and Services Tax collections soared to Rs 1.95 lakh crore, marking a 4.6% rise compared to the previous year. Notably, this increase transpired even with substantial [...]
India's Goods and Services Tax Appellate Tribunal, GSTAT, is now operational after an eight-year wait. This new body promises faster dispute resolution for businesses and tax professionals. It aims to [...]
Goods and Services Tax collections saw a 4.6% increase in October, reaching Rs 1.96 lakh crore. This growth indicates robust economic activity and consumer spending during the festive season. Net [...]
The growth of India's maritime industry is hindered by a lack of robust financing avenues. Shipowners are encountering challenges with banks hesitating to fund vessel acquisitions. Meanwhile, port developers are [...]
In the first half of FY2025-26, government finances reflect a widening fiscal deficit. A notable increase in capital expenditure has driven significant infrastructure development. [...]
India's goods and services tax collections are strong even after recent rate cuts. This gives the government confidence in meeting budget estimates. The reforms are supporting local consumption and government [...]
The Indian Ayurveda economy is currently valued at 43 billion US dollars. It is projected to contribute five percent to India's GDP by 2047. Investment proposals worth 1.2 billion US [...]
In a strategic move to strengthen Himachal Pradesh's fiscal framework, Chief Minister Sukhvinder Singh Sukhu engaged with Union Finance Minister Nirmala Sitharaman, advocating for a significant increase in the state's [...]
India’s central bank has brought home 274 tonnes of gold since March 2023. The move to accelerated repatriation of gold started post the Russia- Ukraine war and the Taliban’s takeover [...]
In a notable change, the government sees no immediate requirement for additional budgets to support the rural employment guarantee scheme. This year's dip in demand for unskilled labor aligns with [...]
Global central banks are reducing US Treasury holdings and increasing gold reserves. India's gold reserves surpassed $100 billion. Gold prices experienced a significant drop, which is expected to boost demand [...]
In a bold move towards financial stability, India's Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is [...]
Market News
Fairfax-backed CSB Bank reported a 16% YoY rise in Q2 profit to ₹160 crore, driven by higher interest income and 16% NII growth to ₹424 crore. The bank plans to [...]
Sun Pharmaceutical Industries reported a net profit of Rs 3,117.95 crore for Q2 FY26, a 2.6% year-on-year increase. Revenue from operations grew 8.6% to Rs 14,405.22 crore, with U.S. Innovative [...]
Embassy Office Parks REIT reported a 13% YoY rise in Q2 FY26 revenue to ₹1,124 crore and 15% NOI growth to ₹927 crore, with 93% occupancy, ₹6.51 per unit distribution, [...]
Nomura and Nuvama reiterated ‘Buy’ ratings on Mahindra & Mahindra after strong Q2 results, projecting up to 22% upside on robust SUV demand, farm segment growth, and rising margins driven [...]
European shares dipped to a two-week low on Wednesday, mirroring global investor nervousness over elevated equity valuations. Technology stocks led the decline, while Novo Nordisk slipped after issuing a cautious [...]
Japan's Nikkei share average fell 2.5% on Wednesday, mirroring Wall Street's overnight declines, with technology stocks leading the losses. The index dropped as much as 4.65% before recovering slightly, as [...]
Grasim Industries announced strong financial results for the second quarter of fiscal year 2026. The company's net profit saw a significant 76 percent increase year-on-year. Revenue from operations also climbed [...]
DIIs raised stakes in nine NSE midcap stocks, signalling growing institutional confidence in India’s equity market. [...]
Warren Buffett ends his six-decade tenure at Berkshire Hathaway as a cautious investor, selling more stocks and amassing a record Rs 382 billion cash pile. With Greg Abel set to [...]
Chalet Hotels reported a significant surge in revenue to Rs 735 crore and a net profit of Rs 154 crore in Q2 FY26, a substantial improvement from the previous year. [...]
Nifty extended its decline amid weakness in IT, auto, and metal stocks, nearing key support at 25,525. Analysts see bearish momentum below 25,590 but stability above 25,700. Stock recommendations for [...]
LIC is set to announce its September quarter results on Thursday, with brokerages expecting up to a 10% year-on-year drop in its Annual Premium Equivalent (APE) to Rs 14,840–16,380 crore. [...]
The Nifty’s FY26 EPS has been revised upward to Rs 1,101 from the earlier estimate of Rs 1,096. [...]
Global semiconductor stocks experienced a significant selloff, driven by concerns over inflated valuations for AI boom beneficiaries. Major Asian chipmakers, including Samsung Electronics and Taiwan Semiconductor Manufacturing Co., saw substantial [...]
Sunil Singhania’s Abakkus Asset Manager saw 9 portfolio stocks rise up to 80% in FY26, while six new stocks including Suven Life Sciences and Indogulf Cropsciences were added in Q2. [...]