Economic & Finance News

UK asks govt to recover tax from Indian bizman

The British tax office has requested India to recover unpaid taxes from an Indian businessman now settled in India, utilizing an uncommon treaty provision. The HM Revenue and Customs seek [...]

Japan finds new bright spots for investment in India

Japanese investments in India are diversifying into financial services, electronics, and telecommunications. There is a shift towards new technologies, infrastructure, and defence. Growth prospects are strong with support from national [...]

Credit growth exceeds deposit growth in January, 24  fortnight

Bank lending growth surpassed deposit growth at the start of Q4, pressuring banks to increase deposit rates. Lending rose 11.4% year-on-year as of January 2025, while deposits grew 10.3%. RBI's [...]

India’s cash deficit eases after RBI opens fund tap

India's cash crunch has significantly reduced after the Reserve Bank of India implemented aggressive liquidity measures amidst slowing economic growth. The liquidity deficit dropped from 2.2 trillion rupees to 660.4 [...]

Bid to attract foreign investors: FEMA rules to be eased further, says DEA Secretary

The finance ministry and RBI are collaborating to simplify foreign exchange rules, particularly for non-debt instruments, to attract more foreign investments. This initiative aims to modernise the Foreign Exchange Management [...]

Utilise Rs 20,000 crore allocated for R&D: DEA Secretary to India Inc

Economic Affairs Secretary Ajay Seth urges India Inc to leverage the Rs 20,000 crore R&D fund announced in the Budget through high-quality proposals by year-end. The Budget also proposes significant [...]

Rs 2,000 notes withdrawal: Rs 6,577 cr worth such notes still with public

The Reserve Bank of India (RBI) announced that 98.15% of Rs 2000 notes have been returned to the banking system, with only Rs 6,577 crore in circulation as of January [...]

Budget proposals to garner up to Rs 45,000 crore bank deposit: DFS Secretary

The Union Budget 2025 aims to boost bank deposits by Rs 40,000-45,000 crore through income tax adjustments. Key proposals include raising the TDS threshold on fixed deposits and increasing senior [...]

Union Budget 2025: Powering 360-degree growth via investments, tax reforms

The budget responds to the economic expectations with a comprehensive plan, prioritizing agriculture, MSMEs, investment, and exports. Focus areas include enhancing disposable income, tax reforms, infrastructure development, and innovation. Strategic [...]

Funds in a fix over new rules on treatment of big investors

Several PE and VC funds in Mumbai face challenges due to new Sebi regulations prohibiting preferential treatment for large investors. Fund managers argue that pro-rata and pari-passu rights complicate fee [...]

India grows faster, yet has miles to go to beat China's trillions

India is projected to add $383 billion to its GDP in 2025, a significant single-year increase. Despite this growth and a higher growth rate compared to China, India's GDP will [...]

UPI dominates India's digital payments

UPI has become a dominant force in India's digital transactions, accounting for over 80 per cent of them. It transformed how both the wealthy and less fortunate people of India [...]

Zero tax up to Rs 12 lakh: Big relief, more money in your pocket

Finance Minister Nirmala Sitharaman's budget offers significant relief for those under the new tax regime, raising the basic exemption limit and providing more disposable income. Taxable income up to ₹12 [...]

View: Budget 2025, a much-needed shot of growth hormones

The budget promotes key sectors including healthcare, R&D, skilling, MSMEs, and startups, laying groundwork for economic growth. Key measures involve exempting customs duty on life-saving drugs, investment in private-sector R&D, [...]

Budget 2025: Food, fertilizer subsidy pegged marginally higher at Rs 3.71 lk cr for FY26

Government subsidies for food and fertilisers in 2025-26 have been pegged at Rs 3.71 lakh crore, slightly higher by 0.70 per cent compared to the current fiscal year. Food subsidy [...]

Market News

Muthoot Microfin Q3 profit slumps 97% to Rs 4 crore on higher provisioning

Muthoot Microfin saw a 97% drop in net profit to Rs 4 crore in Q3, driven by higher provisioning costs of Rs 247 crore amidst economic uncertainties. Despite this, pre-provision [...]

Aurobindo Pharma Q3 net profit drops 10% to Rs 846 crore

Aurobindo Pharma reported a 10% YoY decline in net profit to Rs 846 crore for Q3FY25, mainly due to a decrease in US sales. However, the company achieved its highest-ever [...]

Sebi slaps Rs 34 cr fine on Brightcom Group, promoters for misrepresenting financials

Markets regulator Sebi on Thursday slapped penalties totalling Rs 34 crore on Brightcom Group Ltd, its promoters, and others, for misrepresenting the financial statements of the company. The regulator imposed [...]

Qualcomm shares fall 5% on downbeat forecast for licensing business

Shares of chipmaker Qualcomm fell about 5% in early trading on Thursday as a weak outlook for its patent licensing business outweighed strong expectations for quarterly sales and profit. [...]

Hero Motocorp Q3 net profit up 12% to Rs 1,203 crore

The country’s largest two-wheeler maker Hero MotoCorp Thursday reported an increase of 12% in standalone net profit at Rs 1202.84 crore for the third quarter ended December 31, 2024. [...]

Ahead of Market: 10 things that will decide stock market action on Friday

Indian markets closed lower on Thursday, erasing early gains as consumer stocks dragged indices down. Investors remained cautious ahead of the RBI’s policy decision and global trade concerns. IT and [...]

Market Trading Guide: Kaveri Seed, Aarti Industries are stock recommendations for Friday

Indian markets closed lower on Thursday as losses in consumer stocks, led by Bharti Airtel and ITC, dragged indices down. The Sensex fell 213 points, while Nifty dropped 92 points. [...]

Cochin Shipyard Q3 Results: PAT falls 27% YoY to Rs 177 cr; Rs 3.5 per share dividend declared

Cochin Shipyard Q3 Results: Cochin Shipyard's Q3 net profit declined 27% YoY to ₹177 crore, despite a 9% rise in revenue. EBITDA dropped 23%, with margins contracting to 20.7%. The [...]

US stocks tick higher as big corporate earnings lift sentiment

US stocks: Major Wall Street indexes saw slight gains on Thursday as strong earnings reports from companies like Eli Lilly, Tapestry, and Philip Morris provided relief to investors. The market [...]

Turnaround Story: 5 stocks shift from loss to profit in Dec quarter YoY

A "Turnaround Story YoY" refers to a company shifting from a net loss in the same quarter last year to a net profit in the latest quarter, reflecting strong financial [...]

Inventurus Knowledge Solutions Q3 net profit rises 27% to Rs  Rs 130 crore

Inventurus Knowledge Solutions, the Mumbai-based healthcare tech services provider, reported 27.7% year-on-year (YoY) growth in net profit to Rs 130 crore in Q3FY25, led by improved revenue from existing customers [...]

Emcure Pharma Q3 net profit rises 30% YoY to Rs 156 crore

Emcure Pharmaceuticals on Thursday reported a 30.3% year-on-year (YoY) increase in net profit to Rs.156 crore in Q3FY25 led by strong performance of domestic and international business. [...]

Britannia Industries Q3 Results: Cons PAT rises 4.5% YoY to Rs 582 crore, beats estimates

Britannia Industries Q3 Results: The company reported revenue of Rs 4,593 crore in the third quarter, an 8% rise from Rs 4,256 crore in the same quarter last year. Expenses [...]

BSE Q3 Results: PAT soars 104% to Rs 220 crore, revenue shoots up 108%

BSE Q3 Results: India's oldest exchange BSE has reported robust third quarter numbers as its net profit soared 104% year-on-year (YoY) to Rs 220 crore. Revenue from operations, on the [...]

Hero MotoCorp Q3 Results: Standalone PAT jumps 12% YoY to Rs 1,203 crore; Rs 100 per share dividend announced

Hero MotoCorp Q3 Results: The Q3FY25 revenue from operations stood at Rs 10,211 crore, a 5% increase from Rs 9,723 crore in the same quarter last year, surpassing the ET [...]