Economic & Finance News
India's fiscal deficit for April-February stood at 13.47 trillion rupees, representing 85.8% of the annual estimate. Net tax receipts reached 20.16 trillion rupees, or 78.8% of the annual target. The [...]
The Centre will borrow ₹8 lakh crore via dated securities in the first half of the next fiscal year to fund its revenue gap. This amount includes ₹10,000 crore through [...]
The Finance Ministry announced its H1 FY 2025-26 borrowing plan, raising Rs 8 lakh crore via 26 weekly auctions and spreading borrowing across maturities from 3 to 50 years. Rs [...]
States' debt in India is expected to reach ₹94.4 lakh crore by March 2025, comprising 32.7% of GSDP, and to further climb to ₹103.6 lakh crore by FY26, driven by [...]
Close co-operation among government agencies, financial entities, and civil society is necessary to countermoney laundering and terror financing threats, according to RBI governor Sanjay Malhotra. He emphasized a risk-based approach [...]
RBI Governor Sanjay Malhotra stressed the importance of balanced measures to combat money laundering, warning against overzealous regulations that hinder legitimate activities. He highlighted the crucial role of the private [...]
Prime Minister Narendra Modi's administration is addressing a $346 billion debt through longer-dated sovereign bonds with a growing influence of households investing in insurers. This shift has led to a [...]
States have ramped up borrowings due to cheaper funds and low yields, driven by the absence of central government security auctions in March. Institutional investors are absorbing these issuances, anticipating [...]
The government currently has no plans to abolish the long-term capital gains tax, as stated by the finance minister. Significant changes have been introduced in the 2024-25 Budget to simplify [...]
Goa Chief Minister Pramod Sawant has been named the convenor of the GoM on GST revenue analysis, as decided in the 55th GST Council meeting. The GoM will focus on [...]
Tamil Nadu has become a significant beneficiary of the Production-Linked Incentive (PLI) scheme, particularly in the electronics and automobile sectors. Union Finance Minister Nirmala Sitharaman highlighted the state's advantage, with [...]
Prime Minister Modi highlighted the significant contributions of the Indian diaspora in the US. An RBI analysis shows India's remittances have surged, with advanced economies like the US and UK [...]
In 2015, the Finance ministry introduced a sovereign gold bond program to reduce gold imports and offer returns linked to gold prices. However, the program turned costly as gold prices [...]
Maharashtra, Kerala, and Tamil Nadu have emerged as the top recipients of remittances from overseas Indians, amounting to $118.7 billion in FY24. The shift in dominance from the Gulf countries [...]
The Income Tax Department has informed a Parliamentary panel that two-thirds of the Rs 43 lakh crore outstanding tax demand is difficult to collect, with a lot of it being [...]
Market News
Wolfspeed's shares dropped nearly 48%, reaching their lowest point since 1998, after appointing Robert Feurle as the new CEO. The company faces challenges with decreased demand from automotive customers and [...]
PayPal shares dropped 4% after a European Union lawmaker suggested that U.S. payments firms could be impacted by rising U.S.-Europe trade tensions and potential tariffs. This uncertainty has caused market [...]
Morgan Stanley sold 19.30 lakh shares of Kesoram Industries for Rs 81 lakh at Rs 4.20 per share, an 11% discount. The stock hit a 52-week low, closing at Rs [...]
Banking and financial services major Goldman Sachs on Friday bought shares of state-owned Hindustan Aeronautics Ltd and Zomato worth Rs 281 crore through open market transactions. [...]
Edelweiss Financial Services is raising Rs 200 crore via debentures with a 9.5%-11% coupon, offering an extra 2% for delays. The firm is focusing on retail lending through co-lending partnerships [...]
Despite volatility, Sensex gained 5.4% and Nifty rose 5.7% in FY25. March’s 6% surge offset five consecutive monthly declines. It was a roller coaster ride for the investors who had [...]
AU Small Finance Bank secured ₹770 crore through tier-II bonds at a 9.20% coupon. Investors included HDFC Bank, Nippon India Mutual Fund, and insurers. The funds will strengthen the bank’s [...]
Markets regulator Sebi on Friday came out with a framework for undertaking fast-track follow-on offers by REITs and InvITs to make fundraising more efficient. [...]
Century Joint Developments secured ₹750 crore through privately placed NCDs issued to Ares Management, offering a 21% IRR. The funds will refinance debt, cover pre-launch expenses, and support construction. The [...]
Wall Street's major indexes fell sharply due to increased inflation fears and consumer sentiment deterioration. The Commerce Department data showed a rise in the Personal Consumption Expenditures Price index, while [...]
The capital markets regulator has extended the deadline for regulated entities to implement the Cybersecurity and Cyber Resilience Framework (CSCRF) by three months to June 30. This decision follows requests [...]
The Sensex fell 192 points to 77,415 on Friday, yet six BSE 500 stocks reached their 52-week highs. A stock's 52-week high signals strong momentum and potential growth, making it [...]
India’s stock market has grown rapidly in the past five years, outpacing the previous 15, according to Zerodha’s Nithin Kamath. The pandemic-driven surge boosted investor participation, trading volumes, and liquidity, [...]