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KARNATAKA: The reduction in Goods and Services Tax (GST) on bio-pesticides and micronutrients will bring direct benefits to our farmers and empower them, Finance Minister Nirmala Sitharaman said on Wednesday. Addressing the audience after inaugurating the farmers' training-cum-common facility centre for agro-processing at Methagal village in Koppal district here, the Finance Minister said Prime Minister Narendra Modi "guided us to make GST simpler and more beneficial for the people". "Accordin ...Read More >
AHMEDABAD: As India moves towards a cleaner, more sustainable future, Gujarat is leading the nation's energy transition, Adani Ports and Special Economic Zone Ltd (APSEZ) Managing Director Karan Adani said on Thursday. Addressing the 'Vibrant Gujarat Regional Conference', he said from the deserts of Kutch to the coast of Saurashtra, the state is shaping the energy landscape of tomorrow. "We at the Adani Group, through Adani Green Energy, are proud to be part of this transformation -- building ...Read More >
NEW DELHI: Inflation is less of a worry this fiscal, with GST rate cuts and low crude prices likely to keep prices in check, according to a Crisil report, which predicts that the initiation of the US Federal Reserve's (Fed's) rate cuts has also added space for the RBI to cut rates. The Fed cut policy rates by 25 bps rate in September. S&P Global expects two more rate cuts of 25 bps each in the remainder of calendar year 2025 and "we expect one more rate cut by the RBI in the current fiscal, ...Read More >
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the release of an additional instalment of Dearness Allowance (DA) to Central government employees and Dearness Relief (DR) to pensioners with effect from July 1, 2025, representing an increase of 3 per cent over the existing rate of 55 per cent of the basic pay/pension, to compensate them against the price rise. The combined impact on the exchequer on account of an increase in both the DA and the DR wo ...Read More >
NEW DELHI: Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from ...Read More >
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions. "For months now, the government has been taking steps to internationalise the rupee, which refers to the process of making the Indian currency widely accepted and used for global trade, finance, and investment. We have been making steady progress in this regard, " RBI Governor Sanjay Malhotra said. As a calibrated ste ...Read More >
MUMBAI: The domestic equity indices ended the session slightly lower on Tuesday, trading range-bound amid investors showing a cautious approach ahead of the RBI monetary policy outcome. Sensex ended the session at 80, 267.62, down 97 points or 0.12 per cent. The 30-share index started the session in green at 80, 541.77, breaking a seven-day losing streak, against last session's closing of 80, 364.94. However, the index dragged in negative territory following selling in heavyweights like ITC and ...Read More >
AGARTALA: Tripura is supplying 44-45 MW of electricity to Bangladesh during the five-day Durga Puja festivities, as per a previous agreement, to help the neighbouring country maintain an uninterrupted power supply, the state's Power Minister Ratan Lal Nath said on Monday. The Minister said that from the Central and state sources, the state has arranged 380 MW of electricity to meet the huge demand for power during the five-day Durga Puja period. "Taking huge efforts, we have arranged 380 MW of ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) is expected to keep the repo rate unchanged at 5.50 per cent in its upcoming Monetary Policy Committee (MPC) meeting, a new report said on Monday. The central bank had last cut the repo rate by 50 basis points in June, while the August review saw the rate being held steady, according to a report by Bajaj Broking. The report said the RBI is likely to maintain the current rate as inflation remains low and manageable, but risks to growth are becoming mor ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Saturday said that BSNL's 4G stack embodies the swadeshi spirit, as he prepared to inaugurate India's fully indigenous 4G stack and more than 97, 500 BSNL towers from Jharsuguda, Odisha. Responding to a post by Union Minister Jyotiraditya Scindia on X, PM Modi said: "Union Minister Scindia highlights how BSNL's 4G stack embodies the swadeshi spirit. "With over 92, 000 sites connecting 22 million Indians, it reflects India's journey from dependence to ...Read More >
NEW DELHI: The GST Council is likely to address the inverted duty structure on notebooks and textbooks in its upcoming meeting, as the issue has been diminishing the benefits of recent tax cuts. Notebook and textbook prices may remain high, despite them being exempted from Goods and Services Tax (GST), because 18 per cent GST is charged on the paper used to produce them, which manufacturers cannot claim as an input tax credit. This anomaly raises cost and pushes up final prices, sources familia ...Read More >
MUMBAI: The Indian equity indices ended the session in negative territory on Wednesday, continuing the losing streak this week amid persistent selling in IT stocks and profit booking in the auto, banking and financial services sectors. Sensex ended the session at 81, 715.63, down 386.47 points or 0.47 per cent. The 30-share index opened slightly lower at 81, 917.56 against the last session's closing of 82, 102.10. The index slipped further amid selling across major sectors to hit an intra-day l ...Read More >
MUMBAI: The domestic equity indices settled flat on Tuesday amid persistent selling in IT stocks amid buying in the auto and financial services sectors. Sensex ended the session at 82, 102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82, 147.37 against last session's closing of 82, 159.97. The index remained range-bound amid selling in IT and FMCG stocks. Nifty closed at 25, 169.50, down 32.85 points or 0.13 per cent. "The markets experienced signific ...Read More >
MUMBAI: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82, 380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81, 852.11 against last session's closing of 81, 785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday high at 82, 443.48. N ...Read More >
NEW DELHI: The robust GDP growth in the first quarter (Q1 FY26), at 7.8 per cent which was well above the estimate of 6.6 per cent, was led by a sharp growth in the manufacturing sector and strong momentum in the services sector, a report said on Tuesday. "All three heads within the services - Trade, Hotels, Transport, and Commerce and Broadcasting Services (8.6 per cent as compared to the estimated 6 per cent), Financial, Real Estate, and Professional Services (9.5 per cent in Q1FY26 as compar ...Read More >
MUMBAI: The Indian benchmark indices opened higher on Tuesday amid mixed global cues, as US Chief Negotiator Brendan Lynch arrived in India to resume trade negotiations between the two nations. As of 9.25 am, the Sensex was up 184 points or 0.23 per cent at 81, 970, and the Nifty was up 47 points or 0.19 per cent at 25, 117. The broadcap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.26 per cent, and the Nifty Small cap 100 moved up 0.70 per cent. Kotak Mahindra, A ...Read More >
MUMBAI: The Securities and Exchange Board of India (SEBI) has introduced a framework to monitor intra-day positions in equity index derivatives to reduce risks from oversized exposures and maintain market liquidity and order. SEBI has decided to impose clear intra-day position limits for each entity trading, with net intra-day position limited to Rs 5, 000 crore per entity calculated on a futures-equivalent basis, an official notice said. The gross intra-day position will be capped at Rs 10, 0 ...Read More >
MUMBAI: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said that the central bank's focus on price stability has played a key role in strengthening India's macroeconomic fundamentals. Speaking at 'FIBAC 2025', organised jointly by FICCI and IBA, he added that while price stability remains the primary objective of monetary policy, growth has never been lost sight of. "We will continue to conduct monetary policy with the primary objective of price stability, keeping in view the o ...Read More >
NEW DELHI: Uber CEO Dara Khosrowshahi has said that India is the company's third-largest mobility market with over 1.4 million drivers and is a "must-win" for the company. In a podcast with the co-founder of Zerodha, Nikhil Kamath, the Uber CEO said that the growth in the Indian market is 'spectacular', adding, "India is an absolute must-win for Uber, not just tomorrow, but 10 years from now." Khosrowshahi said that Ola used to be Uber's main competition, but Rapido is currently the more formi ...Read More >
MUMBAI: The Indian stock market settled flat on Thursday amid a mixed approach as investors remained cautious ahead of the crucial dialogue between US President Donald Trump and his Russian counterpart Vladimir Putin, scheduled for August 15. Sensex settled at 80, 597.66, up 57 points or 0.07 per cent. The 30-share index started the session slightly up at 80, 625.28 against last session's closing of 80, 539.91, continuing the last day's momentum. The index remained range-bound, touching an intr ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
NEW DELHI: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) ...Read More >
NEW DELHI: Building materials and equipment company Astral Ltd's share price fell by nearly 8 per cent during the early trade on Tuesday after the firm reported a decline of over 30 per cent in its net profit for the first quarter of the current financial year (Q1 FY26). At around 11:43 a.m., the company's shares were trading at Rs 1, 282.70, down 7.16 per cent. The stock opened at Rs 1, 310.10, falling significantly against last session's closing of Rs 1, 381.60. The scrip further extended its ...Read More >
MUMBAI: The Indian stock market ended lower on Friday amid heavy selling across the sectors and persistent FIIs outflow due to US tariff jitters. Sensex closed at 79, 857.79, down 765.47 or 0.95 per cent. The 30-share index opened in negative territory at 80, 478.01 against last session's closing of 80, 623.26 following selling pressure due to US tariff concerns. The index touched an intraday low at 79, 775, falling about a per cent to a three-month low, amid overall selling. Nifty ended the s ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most sustain ...Read More >
NEW DELHI: The Enforcement Directorate is likely to summon some bankers for questioning in the investigation related to loans issued to the Anil Ambani group that later became non-performing assets. The investigative agency has sent letters to the managements of 12-13 banks, both in the private and public sectors, seeking details about the procedures and due diligence followed in sanctioning loans to Reliance Housing Finance, Reliance Communications and Reliance Commercial Finance, , according ...Read More >
MUMBAI: The Indian stock market opened in the green on Monday, led by gains in auto and metal stocks, amid mixed global cues. At 9.29 am, Sensex was up 221 points or 0.28 per cent at 80, 821 and Nifty was up 82 points or 0.33 per cent at 24, 647. In the opening trading session, auto and metal were leading the market, advancing 0.93 per cent and 1.07 per cent respectively. The Nifty Bank edged up 0.13 per cent, to 55, 688 points. Midcap and smallcap stocks saw buying activity. Nifty midcap 100 ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindr ...Read More >
NEW DELHI: Worldwide IT spending is expected to total $5.43 trillion in 2025, an increase of 7.9 per cent compared to 2024, a report said on Thursday. While there is a slowdown in business due to the ongoing geopolitical scenario, the spending on AI-oriented infrastructure would lead to spending in the IT sector, Gartner, an IT consultancy firm, forecasted in its recent report. "While there is a business pause on net-new spending due to a spike in global uncertainty, the effect is subsumed by ...Read More >
MUMBAI: The Indian stock market ended the first trading session of the week in negative territory on Monday, amid selling in IT stocks and fresh global trade tensions over US tariffs. Sensex closed at 82, 253.46, down 247.01 points or 0.30 per cent against last session's closing of 82, 500.47. The 30-share index opened in green at Rs 82, 537.87; however, the index fell to touch an intraday low at 82, 010.38, following selling in IT stocks like TCS, Tech Mahindra and others. ...Read More >
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