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The rupee appreciated 14 paise to 86.46 against the U.S. dollar in morning trade on Monday (January 20, 2025). Image for representative purposes only | Photo Credit: Reuters The rupee appreciated 14 paise to 86.46 against the U.S. dollar in morning trade on Monday (January 20, 2025), tracking a positive trend in domestic equities and…
Read More “Rupee rises 14 paise to 86.46 against U.S. dollar in early trade” »
Image for representation only | Photo Credit: Paul Noronha Stock market benchmark indices Sensex and Nifty rallied in early trade on Monday (January 20, 2025), in-line with firm global market trends and a sharp jump in Kotak Mahindra Bank shares. The 30-share BSE benchmark Sensex climbed 398.21 points to 77,017.54 in early trade. The NSE…
Read More “Markets rally in early trade on firm global trends, surge in Kotak Mahindra Bank” »
For representative purposes. | Photo Credit: iStockphoto The story so far: The Telecom Regulatory Authority of India (TRAI) will be using distributed ledger technology (DLT) to register spam preferences from customers, TRAI chairman Anil Kumar Lahoti said. Spam rules will be tightened to make commercial messages traceable, the TRAI has indicated. What is TRAI’s role…
Read More “How is TRAI and the govt. combating spam? | Explained” »
Image used for representation purpose only. As per Reserve Bank of India’s (RBI) latest Financial Stability Report, about 60% of borrowers who availed personal loans in the second quarter of FY 25 had more than three existing loans at the time of loan origination. It pointed towards rising delinquencies in the unsecured segment (including credit…
With domestic demand seen waning amid a spike in inflation and input costs, investment plans by India’s private sector took a notable hit, falling 1.4% in the October-December 2024 quarter (Q3) after a fleeting recovery in the second quarter (Q2) of 2024-25. However, government capex plans registered a sharp growth, lifting overall fresh investments in…
Congress leader Jairam Ramesh. File | Photo Credit: ANI The Congress claimed Sunday (January 19, 2025) the Modi government’s “retrograde policies” have broken the confidence of investors in India and converted “ease of doing business to unease in doing business”. The upcoming budget must eliminate “raid raj and tax terrorism” to fix this, the Opposition…
Read More “Union Budget must eliminate ‘raid raj and tax terrorism’, says Congress” »
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60%. Finance Minister Nirmala Sitharaman in her July Budget had announced a comprehensive review of the six-decade old…
Read More “Government may introduce new Income Tax bill in Budget session” »
Vietnamese electric vehicle maker VinFast’s India CEO Pham Sanh Chau poses during the ground breaking ceremony of its new EV manufacturing facility in Tamil Nadu. File | Photo Credit: Reuters Vietnamese electric vehicle maker VinFast will enter the Indian market with two premium electric SUVs, taking on homegrown rival Mahindra & Mahindra and China’s BYD,…
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‘In the light of a potential growth rate of 6.5%, the achievement of 6.4% in 2024-25 should not be considered as disappointing’ | Photo Credit: Getty Images/iStockphoto The First Advance Estimates (FAE) of National Accounts for 2024-25 show a real GDP growth of 6.4% and a nominal GDP growth of 9.7%. These numbers have fallen…
Industry body Amfi will have to ensure that such disclosure will be available on its website in a comparable, downloadable (spreadsheet) and machine-readable format. File | Photo Credit: Reuters To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Securities and Exchange Board of India (SEBI) on Friday (January 17,…
Read More “SEBI asks mutual funds to disclose information ratio of schemes” »
