Economic & Finance News
The Reserve Bank of India's relaxed liquidity coverage ratio guidelines are projected to release up to 3 trillion rupees, potentially boosting credit growth by as much as 2 percentage points. [...]
Central and state GST officers uncovered 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25. Authorities recovered Rs 1,924 crore and arrested [...]
Goldman Sachs reports that India's private sector capital expenditure may decline due to global tariff uncertainty, potentially impacting capital goods and infrastructure sectors. While India's GDP has been resilient, exports [...]
The Indian government has refuted rumors about imposing GST on UPI transactions exceeding Rs 2,000, dismissing the claims as baseless and misleading. The government reaffirmed its commitment to promoting digital [...]
India's state-backed bad bank, NARCL, is aiming to acquire stressed assets worth ₹10,000 crore in the first quarter of FY26. Offers have been made for companies like BGR Energy and [...]
Reserve Bank of India will not activate the countercyclical capital buffer. The decision comes after reviewing relevant indicators. The framework was introduced in February 2015. It aims to ensure banks [...]
Indian tax authorities are scrutinizing foreign portfolio investors (FPIs) from Mauritius, requesting their tax residency certificate (TRC) applications to verify 'substance.' This move aims to check potential treaty benefit abuse, [...]
India plans to refinance multilateral debts for key infra projects. This move aims to protect projects from expensive foreign loans and strict conditions. Indian Railway Finance Corporation may refinance loans [...]
Rich Indians' tax: A recent study reveals a concerning trend in India: the wealthiest individuals report significantly lower incomes relative to their vast wealth, leading to minimal tax contributions. This [...]
Economists believe record high dollar sales by the Reserve Bank of India (RBI) to protect the rupee's exchange rate and interest earned from large scale liquidity operations have boosted the [...]
Despite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insolvency, trapping resolution applicants in legal battles. Tata Steel and [...]
India is maintaining its cautious stance on foreign direct investment from China, prioritizing trust and reciprocity in economic integration with nations adhering to fair business practices. The country's policy, initiated [...]
India's divestment secretary urges private firms to declare fair dividends to minority shareholders and for mutual funds to include public sector undertaking stocks in their portfolios. [...]
Lenders have added about 25,000 beneficiaries under the Tarun Plus category of PM Mudra Yojana in FY25, providing enhanced loans up to Rs 20 lakh. This initiative doubled the loan [...]
The high-level committee approved Rs 1280.35 crore of additional assistance to Bihar, Himachal Pradesh, Tamil Nadu, and Puducherry for the 2024 natural disasters. Tamil Nadu receives Rs 522.34 crore, Bihar [...]
Market News
The 30-share BSE Sensex was down 7.96 points at 79587.63 [...]
The Nifty Bank index was trading 0.8 per cent down at 55202.3. [...]
The 30-share BSE Sensex was up 136.3 points at 79731.89 [...]
This usually results in a decrease in open interest and can drive the stock price higher. [...]
In the Nifty 50 index, 23 stocks were trading in the green, while 27 stocks were trading in the red. [...]
Robert Kiyosaki, the author of Rich Dad Poor Dad, is increasing his silver holdings, calling it the "biggest investment bargain today." He predicts silver could double in price this year, [...]
ICICI Bank is increasingly outperforming HDFC Bank across key financial metrics, signaling a potential power shift in Indian banking. While HDFC Bank grapples with merger integration challenges impacting growth, ICICI [...]
The 30-share BSE Sensex was up 198.19 points at 79793.78 [...]
In the Nifty pack, 26 stocks were trading in the green, while 24 stocks were trading in the red. [...]
The Nifty Realty index was trading 0.88 per cent up at 892.75. [...]
India’s IT sector is witnessing a sharp correction, with FIIs exiting heavyweights like TCS, Infosys, and HCL Tech. The Nifty IT index has plunged 26% from its peak. While most [...]
ICICI Securities maintains a Hold call on Infosys, revising the target price to Rs 1,470 due to weak guidance and global uncertainties. Infosys reported a slight dip in consolidated total [...]
The NSE Nifty index was trading 65.75 points up at 24233.0 [...]
Bharti Airtel, through Bharti Hexacom, will acquire 400 MHz spectrum in the 26 GHz band from Adani Data Networks across Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu. Adani [...]