India aims to collect $1.7bn from online gambling tax in FY25 NEW DELHI: Indian expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next... Published 03 Feb, 2024 03:54pm
World Indian economy to exceed growth estimates after strong Q2 beat MUMBAI: The Indian economy is projected to grow at a 6.7% -7% rate in the fiscal year ending March 31, 2024, several... Published 01 Dec, 2023 12:24pm
World India’s fiscal deficit at 8.04trn rupees in April-Oct NEW DELHI: India’s fiscal deficit for the first seven months of the financial year that started April 1 was 8.04... Published 30 Nov, 2023 04:53pm
Markets India’s September goods and services tax receipts rise 10% y/y MUMBAI: India’s September goods and services tax (GST) collections rose 10% from a year ago to 1.63 trillion rupees... Published 01 Oct, 2023 05:31pm
World India Aug factory activity hits 3-month high, but hiring slows BENGALURU: India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth... Published 01 Sep, 2023 10:38am
World India’s inflation to keep steady, growth on track Indian inflation will remain steady in coming months, despite short-term rises in the prices of certain food items,... Published 30 Aug, 2023 11:47am
World Inflation hurting Modi, but still likely to win India’s 2024 polls: survey NEW DELHI: Indian voters are growing unhappy with Prime Minister Narendra Modi’s government due to high inflation... Published 25 Aug, 2023 04:11pm
World S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges NEW DELHI: S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.7% to... Published 03 Aug, 2023 05:57pm
World India’s April-May fiscal deficit touches 11.8% of annual target NEW DELHI: India’s fiscal deficit for the first two months in the financial year that started April 1 touched... Published 30 Jun, 2023 05:06pm
Markets India’s April finished steel imports from China hit five-year high NEW DELHI: India’s finished steel purchases from China touched a five-year high in April, and the country’s overall... Published 02 Jun, 2023 05:55pm
Markets Indian shares rise on Fed pause hopes; Hero surges on strong sales BENGALURU: Indian shares rose on Friday as strong monthly sales boosted auto stocks, while investor appetite for... Published 02 Jun, 2023 09:49am
Markets Indian shares end lower on profit booking after strong domestic growth data BENGALURU: Indian shares settled lower after a see-saw session on Thursday as some investors booked profits on gains... Published 01 Jun, 2023 05:31pm
Markets Indian rupee closes down; forward premiums hover around 2023-lows MUMBAI: The Indian rupee closed lower on Tuesday, weighed by broad strength in the U.S. dollar and associated... Updated 30 May, 2023 03:50pm
Business & Finance India central bank says FY23 net income up; forex gains help MUMBAI: The Reserve Bank of India (RBI) earned 2.35 trillion rupees ($28.4 billion) in net income for the fiscal... Published 30 May, 2023 12:12pm
Markets Financials power Indian shares; Nifty 50 in overbought zone BENGALURU: Indian shares advanced on Monday, led by an uptick in financials while improved global cues due to a... Updated 29 May, 2023 03:56pm
World India to push back against ‘agenda-driven’ global ranking firms: Modi advisor NEW DELHI: India plans to push back against “agenda-driven”, “neo-colonial” country rankings produced by global... Published 26 May, 2023 09:15pm
World Asia water, energy supplies at risk as climate woes mount SINGAPORE: Climate-related disruptions to the crucial Hindu Kush-Himalayan water system are posing risks to economic... Published 24 May, 2023 10:34am
Markets Policy barriers, bureaucracy could slow pace of investment in India: Moody’s MUMBAI: The pace of investment in India’s manufacturing and infrastructure sectors could decrease due to slower... Published 23 May, 2023 05:52pm
Markets India to allow duty free imports of sunoil, soyoil until June MUMBAI: India on Thursday clarified that duty-free imports of soyoil and sunflower oil shipped before March 31 would... Published 11 May, 2023 01:46pm
World India working to rein in inflation NEW DELHI: Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to... Published 06 May, 2023 02:03pm
World India economic growth seen stuck in low gear BENGALURU: India’s economy will slow considerably this fiscal year as the global economic slowdown impedes domestic... Published 20 Apr, 2023 11:34am
World India’s migrant millions: Caught between jobless villages and city hazards NEW DELHI/JAUNPUR: As he crosses the mud houses and wheat fields around his village to catch a train to distant... Published 18 Apr, 2023 06:20pm
World IMF trims India’s growth forecast to 5.9% for current fiscal year NEW DELHI: The International Monetary Fund (IMF) said on Tuesday that it expects India’s economy to grow 5.9% in the... Published 11 Apr, 2023 07:48pm
World Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect SINGAPORE/NEW DELHI: India faces a high risk of nighttime power cuts this summer and in coming years, as delays in... Published 08 Mar, 2023 06:28pm
Business & Finance Weak global demand, rate hikes may curtail India growth NEW DELHI: Weak global demand and monetary tightening by the Indian central bank could further drag down economic... Published 06 Mar, 2023 07:38am
World ADB proposes up to $25bn development support to India NEW DELHI: The Asian Development Bank’s (ADB) president has proposed up to $25 billion development support to India... Published 21 Feb, 2023 09:18pm
Markets Indian rupee drops, but stays within familiar narrow range MUMBAI: The Indian rupee traded in a narrow range on Tuesday, tracking similar movements in the dollar index, with... Published 21 Feb, 2023 03:55pm
World India to see challenges in meeting fiscal glide path: Fitch analyst MUMBAI: India’s outlined fiscal deficit target of 4.5% of GDP for 2025-26 will be challenging to achieve, an analyst... Published 01 Feb, 2023 04:58pm
World India could see some risks to FY26 fiscal deficit target: Moody’s analyst MUMBAI: The Indian federal government’s aim to achieve a fiscal deficit target of 4.5% of gross domestic product... Published 01 Feb, 2023 04:44pm
World India planning rate changes in new income tax structure India is considering lowering rates under its voluntary income tax framework and could introduce revised slabs in... Published 17 Jan, 2023 12:17pm