Economic & Finance News
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system [...]
Technical glitches on India's UPI platform have significantly reduced. UPI, the mobile-based payments system, has seen a sharp decline in technical failures. The failure rate has dropped to less than [...]
Dilip Asbe, NPCI's MD and CEO, reported a significant drop in UPI technical decline rates, now at 0.8%, down from 8-10% in 2016. With 400 million active users, the focus [...]
A new Deloitte India survey reveals that most high-income taxpayers in India support the government's digital tax initiatives, such as the Standard Audit File for Tax (SAF-T) and tax e-wallets, [...]
The Indian government is on track to achieve its dividend target of Rs 56,260 crore from CPSEs, driven by strong performance in the oil and power sectors. Despite lower disinvestment [...]
India's Central Board of Direct Taxes (CBDT) chairman announced expectations of exceeding the current fiscal year's direct tax collection target of Rs 22.07 lakh crore. Strong growth in both corporate [...]
Bank of Baroda predicts that India will attract USD 20-25 billion in foreign portfolio investments in FY25. Despite recent outflows due to global uncertainties, the report highlights India's strong economic [...]
The Central Board of Direct Taxes (CBDT) has collected ₹35,500 crore in outstanding taxes between April and September of this fiscal year. This sum includes ₹23,000 crore in corporate tax [...]
Panchayats in India are facing challenges in generating their own revenue, with an average per capita tax collection of just Rs 59 between 2017 and 2022. While some states like [...]
16th Finance Commission Chairman Arvind Panagariya urged rural and urban local bodies to generate their own revenue, emphasizing that citizen contributions foster a sense of ownership and lead to more [...]
India's middle class, earning below Rs 20 lakh, is experiencing a reduced tax burden under the Modi government. Conversely, individuals earning over Rs 50 lakh are contributing significantly more, with [...]
India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing import taxes, contingent upon the absence of harm to domestic industries. This comes in the wake of US President [...]
To avoid missing its capital expenditure target for the fiscal year 2024/2025, India is considering easing quarterly spending restrictions. The move comes after slower spending in the first half of [...]
The GST Council is likely to consider lowering the tax rate on certain insurance plans, including potentially eliminating the 18% tax on term life insurance. They may also eliminate the [...]
India's government spending for the current fiscal year is expected to stay around the budgeted amount, despite upcoming requests for additional funds. The focus remains on meeting the fiscal deficit [...]
Market News
Bernstein raises Paytm target price to Rs 1,000, maintaining 'Outperform' rating. Optimistic outlook with potential 100% upside, but downside risk of 40% in bear case. Shares rise 2%. [...]
A total of 1,292 shares changed hands on the counter till 11:37AM (IST). [...]
The Nifty IT index was trading 0.37 per cent at 41901.45. [...]
The stock quoted a 52-week high price of Rs 210.50 and low of Rs 139.45. [...]
The Nifty Pharma index was trading 0.27 per cent at 21826.70. [...]
In the Nifty50 index, 16 stocks were trading in the green, while 34 stocks were in the red. [...]
Varun Beverages' shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth. [...]
The Adani Group experienced its worst trading day since the Hindenburg controversy, with a $20 billion market cap drop following bribery charges against Gautam Adani and other executives by US [...]
The 30-share BSE Sensex was down 527.06 points at 77051.32 [...]
A total of 1,826 shares changed hands on the counter till 11:12AM (IST). [...]
A total of 7,540 shares changed hands on the counter till 11:06AM (IST). [...]
In the Nifty pack, 16 stocks were trading in the green, while 34 stocks were trading in the red. [...]
Navigating market downturns demands a strong mindset. The author emphasizes the importance of sticking to a long-term investment process, even amidst fear and uncertainty. He introduces the '1-in-4 Rule' to [...]
In the Nifty 50 index, 16 stocks were trading in the green, while 34 stocks were trading in the red. [...]
A total of 7,601 shares changed hands on the counter till 11:00AM (IST) [...]