President Droupadi Murmu has given her assent to the Income-tax Act, 2025, which will replace the archaic Income Tax Act, 1961. The Income Tax Act, 2025, will come into effect from the next financial year, beginning April 1, 2026. The new Act will make tax laws simple and reduce wordage in the legislation, making it…
Investors in sovereign gold bonds have more than doubled their investments as the yellow metal has been hitting new highs in the last few months. RBI has announced a schedule for premature redemption for 28 SGBs till March 26. These bonds were issued between May 2018 and March 2021. While SGBs are issued for eight…
Image used for representation purpose only,. | Photo Credit: Reuters The rupee fell 27 paise to close at 87.52 (provisional) against the greenback on Friday (August 22, 2025) as domestic equity markets ended weaker and the U.S. dollar strengthened ahead of the speech of Fed Chairman Jerome Powell. However, inflow of foreign funds and a…
RBI Executive Director Indranil Bhattacharyya | Photo Credit: LinkedIn The Central Board of Directors of Reserve Bank of India (RBI), at its meeting held in Lucknow, under the chairmanship of Governor Sanjay Malhotra, approved the nomination of Indranil Bhattacharyya, Executive Director, as an ex officio member of the Monetary Policy Committee (MPC). The Board assessed…
A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty fell sharply by nearly 1% on Friday (August 22, 2025), snapping their six-day winning streak, amid intense selling in market heavyweights HDFC Bank and Reliance Industries. The 30-share BSE Sensex tumbled 693.86 points or 0.85%…
Representational image of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices declined in early trade on Friday, after about a week-long rally, dragged by IT and bank stocks. The BSE Sensex declined 262.05 points to 81,738.66 in early trade. The 50-share NSE Nifty dropped 81.55 points to 25,002.20….
Image for representation | Photo Credit: Reuters The rupee declined 11 paise to 87.36 against the U.S. dollar in early trade on Friday (August 22, 2025) amid a rise in dollar demand. However, positive FII inflows and a decline in crude oil prices prevented sharper losses in the local unit as traders awaited US Fed…
Image used for representative purpose only. | Photo Credit: K.R. Deepak India private sector activity expanded at the fastest pace on record in August, fuelled by a robust surge in demand led by the dominant services sector, which allowed firms to hike prices at the fastest clip in over 12 years, a survey showed on…
Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks…
Union Minister for Coal and Mines, Kishan Reddy, launched the 13th round of commercial coal mine auctions in New Delhi on August 21, 2025. Photo: X/@kishanreddybjp Seeking wider stakeholder participation with the Government, Union Coal Minister G. Kishan Reddy said it is high time that coal production in India is increased. Launching the 13th round…
