Economic & Finance News
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 [...]
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'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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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. [...]
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, [...]
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 [...]
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
IDFC First Bank's stock plummeted 16% after a ₹590 crore fraud was discovered at its Chandigarh branch. This incident has significantly dented its valuation multiple, shrinking its price-book ratio to [...]
Nifty extended its gains for a second consecutive session, closing at 25,711 on Monday. Analysts anticipate a range-bound market with a positive bias, driven by domestic sector-specific momentum amidst mixed [...]
Markets saw a modest rise amidst volatility, gaining nearly half a percent on positive global sentiment. Several companies like IDFC First Bank, NBCC, Hindustan Zinc, Samvardhana Motherson, BPCL, Bharti Airtel, [...]
The Reserve Bank of India is closely monitoring a ₹590 crore fraud case linked to IDFC First Bank, with Governor Sanjay Malhotra stressing that it does not pose a systemic [...]
Indian equity benchmarks rose on Monday, with the Nifty and Sensex gaining 0.6% amid mixed investor sentiment. While optimism surrounded lower US tariffs, renewed negotiation uncertainty loomed. Foreign portfolio investors [...]
Jefferies has downgraded several major Indian IT stocks, including Infosys and TCS, citing AI-related disruptions and greater downside risks. The brokerage shifted its preference to mid-sized IT firms, identifying Coforge, [...]
Bharti Airtel is injecting ₹20,000 crore into its new NBFC, Airtel Money, to fuel its next growth phase. This move aims to expand financial services across India by leveraging Airtel's [...]
The International Financial Services Centres Authority (IFSCA) plans to set up special purpose vehicles (SPVs) to issue insurance-linked securities like catastrophe bonds, aiming to diversify insurance risk beyond traditional reinsurance. [...]
Commercial sector credit surged 14.7% year-on-year to over Rs 300 lakh crore by end-January, indicating increased loan demand following RBI's 125-basis-point rate cuts. Banks have regained market share, with incremental [...]
In Haryana, a suspected Rs 590 crore fraud related to deposits at IDFC First Bank is under official scrutiny. Acting on Chief Minister Nayab Singh Saini’s orders, both the Anti-Corruption [...]
AU Small Finance Bank has initiated a review of its operations after being delisted from the Haryana government’s panel over alleged irregularities. The bank maintains that no financial loss or [...]
Government deposits in private banks face scrutiny after a suspected fraud at IDFC First Bank. This could lead to funds moving to state-run banks like SBI and PNB. IDFC First [...]
IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its Chandigarh branch. The bank's management confirmed this to [...]
Indian markets enter Tuesday’s session with momentum after gains in the Sensex and Nifty, but analysts say direction will hinge on key resistance levels, volatility trends in India VIX and [...]
Sebi chief Tuhin Kanta Pandey said the regulator plans a comprehensive overhaul of PMS rules to improve suitability, governance, and conduct, while also examining industry representations on the RBI’s new [...]