Economic & Finance News
GST collection increased to Rs 1.82 lakh crore in November, an 8.5 per cent rise from the previous year. Central GST was Rs 34,141 crore, State GST at Rs 43,047 [...]
The EPFO Amnesty Scheme 2024 has been approved, encouraging employers to resolve past compliance issues without penalties and promoting job creation. It will be rolled out with the ELI schemes. [...]
The Indian tax office plans to warn multinational corporations about the risks employees face if they do not disclose their stock options. This measure aims to prevent penalties under the [...]
States are expected to surpass pre-Covid revenue levels by 2024-25 due to better own revenue streams and central transfers. However, fiscal deficits and increased pension costs may pose challenges. States' [...]
More than 500 cases of undisclosed immovable properties held by Indians in Dubai have been identified by the income-tax department, with Delhi raids alone uncovering unaccounted transactions worth over ₹700 [...]
India's banking system faced a cash crunch. The Reserve Bank of India added funds to ease the situation. This followed negative balance of payments and foreign investor outflows. The RBI [...]
New PAN Card: The Indian government has launched PAN 2.0, a Rs 1,435 crore initiative to digitize the Permanent Account Number system. This upgrade, including a QR code addition, will [...]
Creditors have recovered approximately Rs 3.55 lakh crore by resolving 1,068 insolvency cases under the IBC, 2016, as of September 2024. However, 1,388 out of 1,963 ongoing CIRP cases have [...]
Inoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to Rs 1,638.37 crore in FY19. The EPFO clarified these accounts are not unclaimed and [...]
The RBI injected funds worth Rs 25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up [...]
The Indian government has disbursed the first portion of the 15th Finance Commission grants for the fiscal year 2024-25 to rural local bodies in Karnataka. The grants can be used [...]
The Reserve Bank of India (RBI) purchased a significant $9.6 billion in September to curb the rupee's appreciation amid strong foreign investment inflows. This intervention, aimed at managing volatility, has [...]
India's Chief Economic Advisor, V Anantha Nageswaran, cautioned Indian businesses against relying on a weak currency to boost exports. He emphasized that while a weaker currency can make exports cheaper, [...]
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system [...]
Technical glitches on India's UPI platform have significantly reduced. UPI, the mobile-based payments system, has seen a sharp decline in technical failures. The failure rate has dropped to less than [...]
Market News
Capital market regulator Sebi has barred Nasiruddin Ansari and associates, operators of the Baap of Chart platform, from accessing the securities market for providing unregistered investment advisory services. Sebi instructed [...]
Home First Finance witnessed a block deal on Monday, with shares worth Rs 1,100 crore being sold by promoter entities. Buyers included foreign institutional investors like BofA Securities Europe, Goldman [...]
Indian stock markets closed higher on Monday, despite disappointing Q2 GDP data. Buying in cement and auto stocks supported the indices. While the market remains positive, analysts caution against a [...]
Samina Hamied and Rumana Hamied, promoters of drug major Cipla, on Monday exited the pharmaceutical company by selling their 1.72 per cent stake for Rs 2,111 crore through open market [...]
The S&P 500 and Nasdaq saw gains on Monday, driven by technology stocks. Key economic data releases this week include the November nonfarm payrolls report, October job openings, and November [...]
Indian stock markets rose on Monday, led by consumer and auto stocks. Nifty 50 closed at 24,276, near its current trading range. Analysts see a potential for further gains if [...]
Retirement fund body EPFO has invested Rs 34,207.93 crore in exchange traded funds (ETFs) during the April-October period this fiscal year, Parliament was informed on Monday. According to a written [...]
Sebi’s exemption order on Monday stated that the indirect acquisition would not alter the control of Shriram Properties, with the promoter and promoter group retaining a 27.94% stake in the [...]
Seven BSE 200 stocks hit their 52-week highs during the recent rally. A 52-week high indicates a stock's strong performance and potential future upside. Investors often monitor these levels for [...]
Torrent Power has opened its QIP issue with a floor price of Rs 1,555.75 per share. The final issue price will be determined later. Torrent Power is a leading integrated [...]
Monday’s market activity indicates that weak GDP data had already been factored in, with traders now shifting their attention to the RBI’s upcoming monetary policy decision and potential rate action [...]
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 [...]
The NSE Nifty index closed 144.96 points up at 24276.05 [...]
For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a [...]
The Nifty IT index closed 0.93 per cent at 43547.00. [...]