Economic & Finance News
The Reserve Bank of India reported that DISCOM losses reached Rs 6.5 lakh crore, impacting state finances. The RBI recommends improving efficiency, reducing losses, and aligning tariffs with costs. Privatization [...]
India's National Single Window System has processed 7.1 lakh applications, granting 4.81 lakh approvals for various services, including FDI. The country has attracted $991 billion in FDI since 2000, with [...]
Finance Minister Nirmala Sitharaman announced increased devolution of funds to states under the 15th Finance Commission, exceeding the previous commission's allocation. She highlighted the Scheme for Special Assistance to States [...]
India's net direct tax collections surged by 16.45% to over Rs 15.82 lakh crore this fiscal year, fueled by robust growth in both corporate and non-corporate tax segments. Gross direct [...]
The Income Tax Department is reaching out to taxpayers and non-filers via SMS and email regarding mismatches between their reported transactions in the Annual Information Statement (AIS) and their Income [...]
A new report reveals UPI's dominance in rural India. Many people want to save and learn about finances. Traditional banking remains relevant. The report emphasizes financial inclusion through technology. It [...]
India's fiscal deficit is projected at 4.8% of GDP for FY25, slightly below the budgeted target, driven by strong GST and income tax collections. While capex may fall short, robust [...]
French economist Thomas Piketty urged India to increase taxes on its super-rich, citing rising inequality. He proposed a wealth tax and inheritance tax, potentially generating significant revenue. India's chief economic [...]
India's infrastructure spending has seen a significant boost under the Modi government, targeting Rs 11.11 lakh crore for the current fiscal year. This investment aims to improve connectivity and contribute [...]
The secretary, department of financial services (DFS), M. Nagaraju, chaired review meetings Thursday with stakeholders, including representatives from Public Sector Banks, the Insolvency and Bankruptcy Board of India (IBBI), the [...]
The government is seeking parliamentary approval for an additional ₹44,143 crore in spending for the current fiscal year. This includes increased allocations for agriculture, fertilisers, and defense. The extra expenditure [...]
The Indian government has requested parliament's approval for additional spending of Rs 86,730 crore ($10.22 billion) in the current fiscal year. Of this, Rs 44,183 crore will be net new [...]
The Finance Ministry announced a significant boost in tax refunds for the financial year 2024-25, with Rs 3.08 lakh crore issued between April 1 and November 27, marking a 46.31% [...]
Economic Affairs Secretary Ajay Seth has been given the additional charge of Revenue Secretary, following Sanjay Malhotra's appointment as RBI Governor. This ensures policy continuity during the ongoing budget preparation [...]
Economic Affairs Secretary Ajay Seth has been given the additional responsibility of the Revenue department. The appointment, effective immediately, was made by the Appointment Committee of the Cabinet, headed by [...]
Market News
In early December, 83% of FPI inflows targeted financial services (Rs 7,424 crore), IT (Rs 6,754 crore), and real estate (Rs 4,689 crore). Meanwhile, FPIs offloaded Rs 5,337 crore in [...]
Indian equity markets delivered strong gains in 2024, though momentum eased in the final quarter amid global macroeconomic headwinds. Looking ahead to 2025, Mirae Asset Sharekhan forecasts a phase of [...]
After a muted earnings performance in the first half of FY25, a recovery is anticipated in H2, fueled by higher rural spending, a strong wedding season, and increased government expenditure. [...]
As 2024 comes to a close, PSU stocks have outshined, with the BSE PSU index delivering nearly 29% returns over the past year, far exceeding the BSE Sensex's 11% gain. [...]
Over the five trading sessions leading up to December 20, the Sensex dropped by approximately 5%, losing 4,092 points to close at 78,042, marking declines across all sessions. [...]
An analysis by ETMarkets of BSE-listed stocks with a market cap above Rs 500 crore reveals that five stocks have shown consistent growth in price, trading volume, and delivery volume [...]
The Sensex rebalancing by Asia Index Pvt Ltd ensures it reflects India’s evolving market trends. Nuvama projects notable fund flows as institutional portfolios adjust to the changes. Zomato could see [...]
“After the Federal Reserve's monetary policy announcement on Wednesday, global indices sharply declined. Despite the Fed's decision to lower interest rates by a quarter point, as anticipated, the projection of [...]
After a subdued 1HFY25, the hospitality sector rebounded strongly, fueled by a vibrant wedding season and thriving MICE activities. Key players are expected to post 10-12% YoY RevPAR growth this [...]
“If we look at the constituent heavyweights like SBI, Bank of Baroda, PNB, IOB, Canara Bank and Indian Bank, which form around 75% of the index, they are trying to [...]
In the largecap segment, 15 companies saw block deals worth Rs 2,477 crore. RIL led with Rs 461 crore across eight deals, followed by Zomato (Rs 343 crore), ICICI Bank [...]
The record date is a key reference point determined by companies to identify shareholders eligible for benefits like dividends, stock splits, or bonus shares. To qualify for these corporate actions, [...]
U.S. stocks, despite a strong 2024, face a potential December slump. The 'Santa Claus Rally' is threatened by the Fed's rate cut signal, a looming government shutdown, and rising Treasury [...]
Amid overall weak market sentiments, 22 smallcap stocks stood out by delivering impressive double-digit returns. Leading the pack was Fairchem Organics with a remarkable 49% gain, followed by Tanfac Industries [...]