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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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 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 [...]
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 [...]
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, [...]
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 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 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 [...]
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 [...]
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. [...]
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. [...]
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 [...]
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: 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: 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 [...]
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, 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 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: 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: 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: 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 [...]