The Union government has formally withdrawn the Income-Tax Bill, 2025, which was introduced in the Lok Sabha on February 13 to replace the existing Income-Tax Act, 1961,.A fresh version of the Bill, incorporating most of the recommendations made by the Select Committee chaired by BJP MP Baijayant Panda, is scheduled to be tabled in the […]
Boost for Ujjwala beneficiaries: Govt approves Rs 30,000 crore payout to OMCs for LPG losses; move aims to ensure stable supply
NEW DELHI: In a major relief to public sector oil firms, the Cabinet on Friday approved a Rs 30,000 crore compensation package to offset their losses from selling domestic LPG below cost amid elevated international prices.The package will be paid to Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) in […]
India’s auto retail slips 4.3%: Passenger vehicles, two-wheelers’ sales decline in July; tractor segment bucks trend with 11% growth
Retail sales of vehicles across categories in India declined 4.31 per cent year-on-year to 1.96 million units in July, reflecting weak consumer sentiment on a high base. While tractor sales posted strong double-digit growth, passenger vehicles and two-wheelers saw declines, and commercial vehicle sales remained largely flat. Robust rainfall and substantial crop sowing boosted tractor […]
Gold rate today: Gold prices surge to over Rs 1.02 lakh per 10 grams; what’s the outlook?
Gold rate today: Market experts attribute the upward movement in precious metals to risk-averse investment strategies and global economic uncertainty. (AI image) Gold rate today: MCX gold October futures reached a historic peak of Rs 1,02,191/10 grams on Friday, influenced by uncertainties surrounding US trade tariffs and increased purchases by global central banks seeking safe-haven […]
Elon Musk’s Starlink to store data in India: Government sets strict routing rules; licence to provide satellite services secured last month
The data collected by Starlink’s satellite internet operations in India, including network information and traffic details, will be stored within the country, as stated by Communications Minister of State Chandra Sekhar Pemmasani in Parliament on Thursday. He clarified in the Rajya Sabha that domestic user traffic will remain within national boundaries and won’t be copied […]
India-US trade deal: With Donald Trump’s 50% tariffs looming, India reviews market access offers for US; three-pronged strategy to protect exporters
India-US trade deal: India remains optimistic about finalising the Bilateral Trade Agreement this month. (AI image) With US President Donald Trump doubling the tariff rate to 50%, India is looking to review its market access offers to America in some sectors. India is conducting a fresh assessment of its market access proposals to the United […]
Nestle India’s maiden 1:1 bonus issue today: FMCG firm eyes enhanced stock liquidity, improved affordability for retail investors— What shareholders should know
Nestle’s maiden bonus issue today Nestle India announced Friday, August 8, as the record date for its maiden 1:1 bonus share issue- a significant move in the FMCG giant’s corporate history. Shareholders on record will receive one additional share for each share they currently hold. The decision, coming alongside steady revenue growth despite a recent […]
Trump tariffs: Prolonged 50% duty could cut India’s growth by up to 0.8%; next round of trade talks ‘important’, says Morgan Stanley
Trump tariffs could hit India’s economic growth (AI image) India’s economic growth could face a sharp slowdown if the 50 per cent tariffs imposed by US President Donald Trump remain in place for an extended period, according to Morgan Stanley. The impact could range between 0.4 per cent and 0.8 per cent, the bank said […]
MSCI to add four Indian firms to Global Standard index: Swiggy, Vishal Mega Mart among new entrants; $1 billion inflows expected
MSCI has announced the inclusion of four Indian companies in its Global Standard index, a move expected to draw a combined $1 billion in passive inflows. The new constituents are Vishal Mega Mart, Swiggy, Hitachi Energy India, and Waaree Energies, while Sona BLW and Thermax will be removed, the index provider said in a statement […]
Donald Trump reshapes investing for retirement: Executive order opens 401(k) accounts to private equity, crypto; industry urges caution
Donald Trump (File photo) A sweeping executive order signed by US President Donald Trump on Thursday has paved the way for 401(k) accounts to include private equity, cryptocurrency, and other alternative assets as retirement saving option.A 401(k) is a tax-advantaged retirement savings plan where employees can defer part of their salary, often with employer contributions, […]