Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Monday amid fresh tariffs concerns and unabated foreign fund outflows. Declining for the fourth day running, the 30-share BSE benchmark Sensex dropped 343.83 points to 77,516.36 in early trade. The NSE Nifty declined 105.55 points to 23,454.40. From the 30-share blue-chip pack, Tata Steel,…
Mumbai: Union Commerce Minister Piyush Goyal has said the demand by some states that they get central funds in proportion to their contribution of taxes to the central kitty is “petty thinking” and “unfortunate”. Prime Minister Narendra Modi is of the view that if the country is to prosper, the eight states of the Northeast…
Panjim: Globally award-winning Kadamba Single-malt whisky makers– Cheers Group announced plans to invest in Goa’s first purpose-built carbon-neutral brewery on a greenfield vast site at Verna Industrial Estate, close to Dabolim Airport. The new facility will brew mild lagers and strong beers including leading international labels. When fully operational with optimal capacity, it will probably…
Thiruvananthapuram: The fifth and final budget of the second Pinarayi Vijayan government in Kerala presented on Friday lacked any major populist measures, but proposed a hike in the road tax on electric vehicles as a revenue-boosting measure and focused more on infrastructure development. The budget for the year 2025-26 presented in the Assembly by Finance…
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said India can certainly achieve over 7 per cent growth rate and the nation should aspire for that. The Reserve Bank of India (RBI) in its bi-monthly monetary policy has projected 6.7 per cent growth for financial year 2025-26, up from 6.4 per cent estimated for the…
Mumbai: Reserve Bank on Friday projected the growth rate for the upcoming financial year at 6.7 percent, up from 6.4 percent estimated for the current fiscal ending March. Healthy Rabi prospects and an expected recovery in industrial activity should support economic growth in 2025-26, RBI Governor Sanjay Malhotra said while announcing his first bi-monthly monetary…
Mumbai: The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 percent comes after the last rate reduction in May 2020. The last revision…
Washington: President Donald Trump has signed an executive order sanctioning the International Criminal Court, accusing it of “illegitimate and baseless actions targeting America and our close ally Israel”. The measure places financial and visa restrictions on individuals and their families who assist in ICC investigations of American citizens or allies. Trump signed the measure as…
New Delhi: India’s services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. However, job creation saw a notable uptick and business sentiment remained positive despite heightened cost pressures. But, despite the slowdown, the HSBC Services PMI data…
New Delhi: The GST Council will soon decide on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 percent. Luxury and demerit goods are taxed at…
