New Delhi— India’s Goods and Services Tax (GST) collections rose to ₹1.85 lakh crore in June 2024, marking a 6.2% increase compared to the same period last year, according to official data released on Tuesday. Despite maintaining collections above ₹1.8 … read more
Washington — The US Senate has proposed a significant reduction in the remittance transfer tax, lowering it from 3.5% to just 1%, offering substantial relief to non-resident Indians (NRIs) sending money abroad. The revised draft of former President Donald Trump’s “One … read more
New Delhi – Economic activity in the first two months of the current fiscal year has shown a mixed pattern, but a report released on Wednesday revealed that nine key non-agricultural indicators recorded improvement compared to Q4 of FY25. Meanwhile, the … read more
Mumbai, June 24 (IANS) The Indian stock market witnessed a sharp surge on Tuesday, with the Sensex soaring more than 1,000 points in early trade, while the Nifty reclaimed the 25,250 mark. A sudden easing of geopolitical tensions in the … read more
New Delhi – Confidence in India’s Goods and Services Tax (GST) framework has surged, rising from 59% in 2022 to 85% in 2025, according to a Deloitte India report released on Monday. This boost is attributed to improved compliance maturity, … read more
Mumbai – Shares of Vishal Mega Mart fell sharply by nearly 8% in early trading on Tuesday following a massive ₹10,488 crore block deal. The transaction was executed at an average price of ₹115 per share — around 8% lower … read more
New Delhi – Budget airline SpiceJet on Saturday reported a 16% year-on-year (YoY) decline in revenue from operations for the fourth quarter of FY25, falling to ₹1,446.37 crore from ₹1,719.3 crore in Q4 FY24. Despite the drop in revenue, the … read more
New Delhi – Gold prices soared on the Multi Commodity Exchange (MCX) on Friday, breaching the ₹1 lakh mark per 10 grams for the first time, as escalating tensions between Israel and Iran fueled a spike in demand for safe-haven … read more
New Delhi – Lending rates are expected to decline by approximately 30 basis points (bps) following the recent reduction in policy rates, according to a report by SBI Research. The drop in rates will be most immediately noticeable in loans … read more
Mumbai: Indian stock markets surged on Friday, buoyed by the Reserve Bank of India’s (RBI) major policy decisions, including a 50 basis point cut in the repo rate to 5.50% and a 100 basis point reduction in the cash reserve … read more