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Household Savings Likely To Rise In FY24: Report

Press Trust of India | Tuesday May 21, 2024, Mumbai

Factors like retail credit push by banks and a greater appetite for borrowings have resulted in a rising proclivity for debt among the households, the CRISIL report said.

World Sees India On Cusp Of Long-Awaited Economic Take-Off: RBI Report

Indo-Asian News Service | Tuesday May 21, 2024, Mumbai

Internationally there is a growing optimism that India is on the cusp of a long-awaited economic take-off, according to the RBI's monthly bulletin released on Tuesday.

AI-Led Tech Craze Leaves Mega Indian Software Stocks In The Dust

Abhishek Vishnoi, Bloomberg | Monday May 20, 2024

Shares of India's vaunted IT outsourcing firms are facing a reality check, as global investors' rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind.

2 Byju's Advisory Board Members "Mutually Decide" To Step Down Amid Crisis

Indo-Asian News Service | Sunday May 19, 2024, New Delhi

Embattled edtech firm Byju's on Sunday said its two senior advisory board members - Rajnish Kumar and Mohandas Pai - have decided not to renew the contractual agreement scheduled to end on June 30.

Government Recovers Rs 852 Crore Under Amnesty Scheme For Exporters

Press Trust of India | Sunday May 19, 2024, New Delhi

The government has recovered about Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations, an official said.

A Heavy Monsoon Season Is Great News For These Indian Stocks

Alex Gabriel Simon, Bloomberg | Sunday May 19, 2024

Stocks of Indian firms that earn a large chunk of their revenues from the nation's hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.

Mumbai Broker Complains He Pays Too Many Taxes. Nirmala Sitharaman's Reply

Edited by Abhimanyu Kulkarni | Thursday May 16, 2024, New Delhi

Finance Minister Nirmala Sitharaman's witty remarks on taxation drew laughter from the audience at a recent event in Mumbai.

Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project

NDTV Newsdesk | Thursday May 16, 2024

Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

Rupee Rises 5 Paise To Rs 83.46 Against US Dollar

Press Trust of India | Thursday May 16, 2024, Mumbai

The rupee appreciated 5 paise to settle at 83.46 against the US dollar on Wednesday as weakness in the greenback against major crosses overseas supported the local unit.

Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today

Reuters | Thursday May 16, 2024, New Delhi

India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.

Power, Aviation: Union Minister Highlights BJP's Work In 10 Years, Slams Congress

Asian News International | Wednesday May 15, 2024, New Delhi

Finance Minister Nirmala Sitharaman on Wednesday attacked the Congress for neglecting India's growth for the 10 years in the UPA era and stated that Congress wasted India's economic growth potential and left it among the 'Fragile Five' economies with

India Surpasses Australia, Hong Kong, Japan In Data Center Capacity: Report

Asian News International | Wednesday May 15, 2024, New Delhi

India has topped major APAC countries with the highest data centre capacity of 950MW in the Asia-Pacific region (excluding China), overtaking major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea, a report said.

Telecom Tariffs In India At "Absurdly Low Level": Airtel Top Boss

Press Trust of India | Wednesday May 15, 2024, New Delhi

Tariffs in the Indian telecom industry are at an "absurdly low level" compared to other parts of the world, Bharti Airtel Managing Director Gopal Vittal said on Wednesday as he strongly advocated "tariff repair" to lift return ratios.

Canada Imposes Rs 82 Lakh Penalty On Infosys For Alleged Underpayment Of Tax

Press Trust of India | Monday May 13, 2024, New Delhi

The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax.

Retail Inflation Eases To 4.83% In April

Press Trust of India | Monday May 13, 2024, New Delhi

Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday.