Economic & Finance News
Afghanistan's commerce minister has invited Indian investors to explore opportunities in mining, agriculture, health, and IT. Preferential tariffs and tax exemptions are being offered. Air cargo services between Kabul and [...]
Minister Piyush Goyal is meeting investors today. The discussions aim to speed up foreign investment processes. This will boost job creation and bring new technologies. It will also promote research [...]
The Sixteenth Finance Commission has presented its tax division recommendations to President Droupadi Murmu. The report outlines how the tax pool will be shared between the Centre and states for [...]
The Central Board of Direct Taxes (CBDT) will release simplified Income Tax return forms and rules for the new Income Tax Act, 2025, by January 2026. Chairman Ravi Agrawal assured [...]
Economic Affairs Secretary Anuradha Thakur highlighted the financial sector's crucial role in India's economic transformation and sustained growth. She emphasized joint government-private action to strengthen the corporate bond market, expand [...]
India is confident it will meet its direct tax collection target of ₹25.2 trillion ($284.39 billion) for this financial year, Ravi Agrawal, chairman of the Central Board of Direct Taxes, [...]
Naidu, who retook control of the state in 2024 for a fourth term, scored a big win last month when Alphabet Inc.’s Google announced it would invest $15 billion in [...]
Microfinance institutions are urged to maintain fair interest rates. The Department of Financial Services secretary expressed concern over declining loan accounts and outstanding amounts. MFIs play a crucial role in [...]
The cabinet has given the green light to a financial package of Rs 45,060 crore aimed at bolstering exporters. A significant portion of this, specifically Rs 20,000 crore, will be [...]
India's net direct tax collection reached Rs 12.92 lakh crore, marking a 7% year-on-year increase as of November 10. Gross collections rose by 2.15% to Rs 15.35 lakh crore, while [...]
Andhra Pradesh's cabinet has approved investment proposals totaling Rs 1 lakh crore. These initiatives aim to boost the state's development and create jobs for its youth. Major projects include IT [...]
Industry lobby CII has urged the government to create a new India Development and Strategic Fund. This professionally managed fund aims to finance India's long-term growth and secure critical economic [...]
A report by PRS Legislative Research indicates that most states have experienced a decline in aggregate revenue from taxes subsumed under GST, falling from 6.5% of GDP pre-GST to 5.5% [...]
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 [...]
Market News
Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed that it [...]
Wall Street estimates the weight-loss drug market to be worth $150 billion by 2030, with Lilly and Novo together controlling the majority of projected global sales [...]
Elevated asset valuations and historically compressed credit spreads, she said, are not just indications "that policy most likely isn't very restrictive. They're also indications that the fed funds rate needs [...]
Wall Street's main indexes opened higher on Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks [...]
A recent Fed report showed some 30% of respondents felt a turn in sentiment against AI is a salient risk to the U.S. financial system and the global economy. [...]
Progress on inflation has "temporarily stalled," Williams acknowledged in comments prepared for delivery at a Central Bank of Chile event, and added it was "imperative to restore inflation to our [...]
Sebi is planning to overhaul mutual fund and stock broking rules at its December board meeting, according to sources close to the development. The market regulator aims to cut regulations [...]
Despite a 400-point decline in the Sensex, six BSE 200 stocks including Mahindra & Mahindra Financial Services, GMR Airports, SBI Life, Bharti Airtel, Reliance Industries and Eicher Motors hit fresh [...]
Ray Dalio warns that the AI-driven market surge has entered bubble territory, even as Nvidia’s strong earnings reignite global tech optimism. Dalio says it’s too early to sell, noting bubbles [...]
The company is looking to raise 20 billion rupees through debentures, with an additional 30 billion rupees available through a green shoe option [...]
Indian stocks experienced a downturn on Friday, with the Sensex and Nifty retreating from near-record highs due to profit-taking. Banking giants ICICI Bank and HDFC Bank were among the decliners. [...]
Kotak Mahindra Bank's board has greenlit a 1:5 stock split, dividing each existing share into five. This move aims to make shares more accessible and boost trading, particularly for retail [...]
The STOXX is on track for weekly losses of nearly 3%, its biggest weekly drop since the unveiling of U.S. tariffs sent global markets into a tailspin between late March [...]