Economic & Finance News

Now beaming: Relaxed FDI cap for space inc

New FDI limits for satellite activities, effective April 16, aim to attract foreign investors into the Indian space sector following a Cabinet decision on relaxed FDI caps and coinciding with [...]

Report all high-value transactions of FY23 by June 30: CBDT

CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for Income Tax Act adherence. [...]

CBDT signs record number of 125 Advance Pricing Agreements in FY24

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. This includes 86 Unilateral APAs (UAPAs) and 39 [...]

RBI issues directive for cardholders, says no entity except card issuer, card networks can store transaction data from August 2025

The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and [...]

RBI steps up gold buying amid US dollar volatility

RBI increases gold purchases to diversify forex reserves, with gold value contributing to record $648.5 billion. Gold acquisitions aim to hedge against inflation and currency risks, with increasing faith in [...]

Amended India-Mauritius tax treaty will not be applied retrospectively: Report

The new provisions in the treaty include a principle purpose test, which will be used to judge whether tax benefits under the treaty will apply to investments or not, according [...]

India benefiting from growing interest from multinationals: UN report

India's manufacturing appeal to multinationals highlighted in the UN report amid strong investment. Urgency emphasized in achieving Sustainable Development Goals through mobilizing financing to address the 4.2 trillion dollars development [...]

Reserve Bank of India leads surge in gold reserves amid global central bank slowdown

Despite a slower pace in February, central banks like India's RBI are dedicated to strengthening gold reserves as a hedge against economic uncertainties, with an eye on diversifying forex reserves. [...]

India seeks to attract $100 billion a year in FDI as it woos investors looking beyond China

India sets ambitious goal to attract $100 billion annually in foreign direct investment, aiming to diversify away from China. Rajesh Kumar Singh, secretary in the Department for Promotion of Industry [...]

Food inflation on mind, RBI holds interest rates steady

India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over [...]

Even at all time high of $645.6 billion, RBI to continue to accumulate reserves

Central bank continues to build reserves to counter volatility, with India's reserves at $645.6 billion. Governor Das emphasizes the need to create a buffer for future risks. Governor Das, in [...]

CBDC transaction volumes down, P2M transactions growing: RBI

The Central Bank Digital Currency (CBDC) transaction volumes have gone down after crossing 10 lakh in late-December 2023, Reserve Bank of India Governor T Rabi Sankar said on Friday. The [...]

RBI proposes distribution of CBDC through non banks; seeks to broaden retail access to digital currency

The Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Payment System Operators. CBDC pilots in Retail and Wholesale [...]

Indian securitisation market growth expected to slow as co-lending gains traction: ICRA

The Indian securitisation market is expected to slow down this fiscal year, following a 24% fall in securitisation volumes in the last quarter of fiscal 2024. Rating company ICRA predicts [...]

PFC pays Rs 2,033 crore interim dividend to Govt for FY24

PFC paid ₹2,033 crore dividend to the government for FY23-24 in three instalments. Highest-ever interim dividend presented to RK Singh. Total interim dividends of ₹3,630 crore distributed. PTI reported the [...]

Market News

L'Oreal Q1 Results: Sales jumps 9.4% on strong mass market demand

L'Oreal's Q1 sales rose 9.4%, beating expectations amid U.S. and China market worries. Maybelline, Lancome brands led the 11.24 billion euros revenue. Ulta Beauty, e.l.f. Beauty, Coty faced pressure. Estee [...]

Tesla shares fall 3% as Deutsche Bank flags risks from focus on Robotaxi

The company shares fell to their lowest in more than a year on Thursday. Its market capitalization is set to fall by more than $17 billion to about $478 billion, [...]

ET Market Watch: Sensex down 455 points, banking stocks slump
Technical Breakout Stocks: How to trade Justdial, Jio Financial Services and Bharti Airtel on Friday

Indian market closes red for the fourth consecutive day, with S&P BSE Sensex falling over 450 points and Nifty50 below the 22,000 mark. Telecom stocks rise, while consumer durables and [...]

Ahead of Market: 10 things that will decide D-Street action on Friday

Indian indices hit lows. U.S. markets subdued by Treasury yields. European shares gain. MACD signals for Infosys, RIL. Momentum indicators show trends. Just Dial, market breadth significant. [...]

BSE cautions against fake videos of MD & CEO Sundararaman Ramamurthy recommending stocks

BSE warns against circulating fake videos impersonating CEO Sundararaman Ramamurthy for investment advice on social media. Caution includes misrepresentation, deceptive means, personal information sharing, and Economic Times disclaimer. [...]

ICICI Securities Q4 Results: Cons PAT soars 104% YoY to Rs 536.53 crore; co declares Rs 17/share dividend

ICICI Securities reported a significant increase in net profit to Rs 536.53 crore for Q4FY24, with a rise in revenue and approval of a second interim dividend. Bajaj Auto also [...]

Infosys ADR slumps 3% on Q4 miss, softer FY25 guidance

"Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 [...]

US stocks tick up on megacaps, earnings boost

Megacap growth stock Meta Platforms outpaced peers and gained 2.7% after Bernstein raised its price target to $590, a sixth such hike on the stock this week. [...]

Infosys declares Rs 20 final dividend & Rs 8 special dividend

Infosys declared dividends for FY 2024, set AGM and payment dates, introduced Capital Allocation Policy aiming to return 85% free cash flow. Focus on net profit growth and Project Maximus. [...]

Market Trading Guide: Bharti Airtel, PVR INOX among 6 stock recommendations for Friday

"The short-term trend of the Nifty remains weak. There is a possibility of some more weakness down to 21,800-21,700 levels in the coming sessions," said Nagaraj Shetti, Senior Technical Research [...]

Infosys Q4 Results: Profit zooms 30% YoY to Rs 7,969 cr; co pegs FY25 revenue growth at 1-3%
JPMorgan says buy the dip if poll volatility hits stocks

Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian [...]

Tech View: Nifty ends below 50-DEMA. What traders should do on Friday

A series of resistance could be seen from 22,150-22,200, followed by the 20 DEMA at 22,300 zone. The undertone certainly favours the bears now and any rise should be seen [...]

Zee Entertainment Enterprises, SAIL among 5 stocks with top long unwinding