New Delhi (IANS) India’s manufacturing industry continued to grow in December 2021, albeit at a slower pace sequentially. The headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) came in at 55.5 (index reading). The PMI ranges between 0 and … read more
New Delhi (IANS) The Confederation of All India Traders has written to the Centre asking it to ensure that no relaxations are provided to the e-commerce firms. The Centre is in the final stages of drafting new e-commerce rules, which is … read more
New Delhi (IANS) India Inc on Friday welcomed the GST Council’s decision to defer the proposed GST hike on textiles. According to reports, the council has deferred the proposal on the back of reservations from state governments and industry. The proposal … read more
New Delhi (IANS) Higher tax and non-tax revenue collections this fiscal are expected to more than offset the shortfall in disinvestment revenue, leading to the fiscal deficit coming in at 6.6 per cent of GDP in FY22, or 20 basis points … read more
Mumbai (IANS) The Reserve Bank of India on Monday said that the financial health of RBL Bank remains stable. “The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory,” … read more
Mumbai (IANS) India’s foreign exchange reserves dipped lower by $160 million during the week ended December 17. The Reserve Bank of India’s forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10. India’s forex reserves comprise … read more
New Delhi (IANS) With the Income Tax department conducting searches at several premises of Chinese mobile companies across the nation, leading smartphone brands Xiaomi and OPPO said on Wednesday they continue to cooperate with authorities as per the law of the … read more
Mumbai (IANS) Concerns over the new Omicron Covid-19 variant, as well as continued foreign fund outflows will keep Indian rupee subdued during the upcoming week, experts have opined. Besides, high YoY trade deficit along with new US tapering measures will hamper … read more
New Delhi (IANS) The Indian equity indices — S&P BSE Sensex and NSE Nifty50 — settled lower on Wednesday. Notably, this was the fourth consecutive day decline in the benchmark indices. Lately, Indian equities have witnessed a continued sell-off by overseas … read more
New Delhi (IANS) The Reserve Bank of India on Tuesday introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs), and it will come into effect from October 1, 2022, based on the financial position of NBFCs on or … read more