India has witnessed a remarkable shift towards cashless transactions, with digital payments more than doubling between 2021 and 2024, according to the latest report from the Reserve Bank of India (RBI). The surge is attributed primarily to the widespread adoption of the Unified Payments Interface (UPI), which has become particularly popular for small-value transactions due Read More…
The GST Council has announced a reduction in tax rates for essential items, cutting the GST on 20-litre water bottles and bicycles to 5%. Meanwhile, luxury goods such as shoes, watches, and beauty products will face higher tax rates. The move is designed to make everyday commodities more affordable while increasing the burden on premium Read More…
Mumbai: In a significant move, the Reserve Bank of India (RBI) has maintained the policy rate at 6.5% for the 10th consecutive time during its latest Monetary Policy Committee (MPC) meeting. The central bank’s decision reflects a continued cautious approach to managing inflation and supporting economic growth. RBI Governor Shaktikanta Das announced a strategic shift Read More…
India has reached a major financial milestone by crossing $700 billion in foreign exchange reserves, becoming the fourth country in the world to do so. This remarkable achievement underscores India’s growing economic power and resilience in the global market. The surge in reserves is driven by robust exports, remittances from the Indian diaspora, and steady Read More…
Bengaluru: In a groundbreaking move, Karnataka has announced plans to develop Kwin City, a parallel urban hub to Bengaluru, covering 2,000 acres with a staggering investment of Rs 40,000 crore. This visionary project aims to create a dynamic ecosystem focused on sectors such as knowledge, health, innovation, and research, effectively mirroring Bengaluru’s rapid growth. Situated Read More…
Bajaj Housing Finance shares surged 8%, pushing its post-IPO gains to a remarkable 154%. This rise is driven by investor confidence and favorable market sentiment surrounding the company’s growth potential. Leading brokerages have issued a ‘buy’ recommendation, citing strong fundamentals and predicting further appreciation in stock value. Analysts highlight the company’s solid position in the Read More…
By Our Commercial Correspondent Mumbai: India with gold stock of 846 tons has attained the ninth highest position in the world. India was at the 10th place after Japan earlier, a press release of World Gold Council said here. The United States of America (USA) stood on top of the world with 8,133 tons of Read More…
The Kerala government’s move to borrow Rs 4,800 crore ahead of Onam has sparked alarm among financial experts. The funds, intended to cover festival expenses such as welfare payments and employee bonuses, come at a time when the state is already grappling with a growing fiscal crisis. With debt levels soaring and expenditures consistently outpacing Read More…
D-Street investors suffered heavy losses as the Sensex plunged over 900 points, with the Nifty falling below the 24,900 mark. The market decline wiped out over Rs 4 lakh crore in investor wealth. Factors such as global market volatility, rising interest rates, and inflation concerns contributed to the sharp drop. Investors are urged to remain Read More…
New Delhi : India’s coal production witnessed a significant rise of 6.48% in the first five months of the current financial year, reaching 384.08 million tonnes (MT). This marks an increase from 360.71 MT produced during the same period in the previous fiscal year. Coal India Limited (CIL), which contributes over 80% of the country’s Read More…