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India’s Gross Domestic Product (GDP) is expected to grow at a slower rate of 6.4% to 6.6% in the third quarter of fiscal 2025 (FY25) as opposed to 8.6% in the same period last year on account of global uncertainties spilling over to the Indian economy. Bank of Baroda (BoB) projected a GDP growth rate of 6.6%…
Read More “‘GDP likely to grow at a slower 6.4%-6.6% in Q3FY25 on geopolitical pressures’” »
At the interbank foreign exchange, the rupee opened at 86.94 and touched the high of 86.91 against the greenback during intraday. File. | Photo Credit: Reuters Rupee depreciated 8 paise to close at 86.96 (provisional) against U.S. dollar weighed down by sustained foreign fund outflows and an uptick in the U.S. Dollar index. Forex traders…
Read More “Rupee falls 8 paise to close at 86.96 against U.S. dollar” »
The 30-share BSE benchmark Sensex ended 29.47 points or 0.04% lower at 75,967.39. Intra-day, it dropped 465.85 points or 0.61% to 75,531.01 | Photo Credit: Reuters Benchmark indices Sensex and Nifty ended marginally lower on Tuesday (February 18, 2025) as uninterrupted foreign fund outflows and slowdown in corporate earnings continued to hit investors’ sentiment. After…
Read More “Markets end marginally lower after a day’s breather amid foreign fund outflows” »
Representational image only. Photo: wikimedia.org Investment Information and Credit Rating Agency (ICRA) on Tuesday (February 18, 2025) projected India’s GDP to grow 6.4% in the December quarter on account of enhanced government spending amid uneven consumption. The Indian economy grew at 6.7% in April-June, but it slowed to a seven-quarter low of 5.4% in September…
Independent Sugar Corporation (INSCO), of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries (HNG) through the Insolvency & Bankruptcy Code (IBC) process. The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in…
Read More “After SC ruling, INSCO set to acquire Hindhustan National Glass & Industries” »
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday (February 18, 2025) expressed hope that the opposition, frustrated by electoral defeat, would not disrupt the Budget Session but rather contribute positively to the smooth conduct of legislative proceedings. file | Photo Credit: PTI Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday (February 18, 2025) expressed hope…
Read More “‘Accusations or unparliamentary conduct cannot solve problems’: U.P. CM Adityanath” »
Qatar’s Ministry is in India with a business delegation, accompanying the Amir of Qatar Sheikh Tamim Bin Hamad Al-Thani | Photo Credit: Shiv Kumar Pushpakar Qatar on Tuesday (February 18, 2025) said it is ready to take steps to speed up the negotiations for a new bilateral investment promotion and protection agreement with India. Qatar’s…
Union Minister of Commerce and Industry Piyush Goyal said India and the U.S. are committed to increasing bilateral trade to $500 billion and negotiating a “strong” trade agreement within the next 6-8 months. File | Photo Credit: ANI Piyush Goyal Goyal said once his U.S. counterpart takes charge, both countries will discuss the contours of…
The story so far: Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha on February 13 to make India’s direct tax law “concise, lucid, easy to read and understand”. During her Budget presentation in July last year Ms. Sitharaman announced the government’s decision to overhaul the more than six decades old…
Read More “Will the new ‘lucid’ Income Tax bill reduce disputes and litigation?” »
Over 80% of urban consumers said spending on essential items has increased. | Photo Credit: STAFF Urban consumers in India began the new year with both hope and concern. On the one hand, India’s retail inflation eased to a five-month low of 4.31% in January, providing some relief to consumers by reducing the pressure on…
Read More “A 11-year high of 55% urban residents report stagnant income in 2025” »