Economy News

GST enters 8th year after rollout with record collections, thumbs up from 85 pc taxpayers

GST has transformed the logistics industry. Long queues of trucks at state borders and corruption-prone checkpoints have become a thing of the past. Goods now move faster and more freely across state lines.

Jun 30, 2025

Over 90 times rise in direct benefit transfer in just a decade: FM Sitharaman

India will continue to be fastest growing economy, even perform better: FM Sitharaman

The GDP growth accelerated to a robust 7.4 per cent in the fourth quarter of 2024-25, as result of which the growth rate for the full financial year works out to 6.5 per cent on the back of a strong performance of the agriculture, construction, and services sectors, according to latest RBI data.

Jun 30, 2025

Indian stock market opens higher, all eyes on US reciprocal tariff deadline

Market outlook: PMI, auto sales, FII activity, key economic data to drive stock market this week

India's industrial production data for the month of May will be released on June 30, which will offer insights into the country's manufacturing output.

Jun 29, 2025

India clocks current account surplus of $13.5 billion in Jan-March quarter

Net services receipts increased to $53.3 billion in Q4 2024-25 from $42.7 billion in the same quarter of the previous year. Services exports have risen on a year-on-year basis in major categories such as business services and computer services, the RBI said.

Jun 27, 2025

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day.

Jun 27, 2025

Indian stock market opens higher, Sensex above 79,500

Nifty Financial Services index becomes best-performing sector, surges 15.5 pc in H1 2025

According to Motilal Oswal Financial Services (MOSL), the new rules reduce the amount of money lenders need to set aside for under-construction projects.

Jun 27, 2025

India's GDP projected to grow at 6.2 pc in FY26 with inflation around 4 pc: Report

The Current Account Deficit or CAD (as per cent of GDP) is projected at 1.0 per cent in FY25 and 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report.

Jun 27, 2025

RBI's new project finance directions to cushion banks against risk: Report

The new direction brings in a higher base level standard asset provisioning for under-construction projects set at 1 per cent and a slightly higher 1.25 per cent for under-construction CRE exposures (that compares with the extant 0.4 per cent to 1.0 per cent), with step-ups linked to DCCO deferment period.

Jun 26, 2025

Sensex ends lower in volatile session as Mideast tensions flare up

Sensex surges 1,000 points, banking and heavyweight stock gain

The Sensex jumped 1,000.36 points, or 1.21 per cent, to settle at 83,755.87. During the session, the index touched an intra-day high of 83,812.09 and a low of 82,816.26.

Jun 26, 2025

Union Bank of India Plans ₹6,000 Crore Fundraising

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

Union Bank of India, a leading public sector bank, has announced a strategic plan to raise Rs 6,000 crore through a combination of equity and debt instruments. This decision, approved by the bank's board, was revealed after market hours on a recent Wednesday. The move is part of the bank's broader strategy to strengthen its financial position and support its growth initiatives.

Jun 26, 2025

E-commerce to fuel India's $1 trillion digital opportunity by 2030: Report

This demonstrates it is no longer a niche phenomenon catering to a small segment but has firmly established itself as a dominant force within the Indian retail landscape for a significant and growing share of the population, said Bessemer Venture Partners in its report.

Jun 26, 2025

India's economy remains resilient amid spike in global uncertainties: RBI

Agriculture showed a broad-based increase in production across most major crops during 2024-25. The domestic prices situation remains benign with headline inflation staying below the target for the fourth consecutive month in May, the report states.

Jun 25, 2025

Adani Total Gas partners Jio-bp to enhance quality fuel supply to consumers

Adani Total Gas partners Jio-bp; what this means for consumers

The agreement covers both existing and future outlets of the two partners, with ATGL currently operating a network of 650 CNG stations and Jio-bp boasting a network of 2,000 outlets. This collaboration is a significant milestone in the journey of both companies towards sustainable growth and innovation.

Jun 25, 2025

Number of India's dollar millionaires to surge 55 pc by 2029: Report

From 2014 to 2024, organic growth varied sharply by region, with wealth managers in the Asia Pacific region (APAC) achieving rates of 50 per cent -- more than double that of their peers in EMEA (Europe, Middle East and Africa) and North America, driven decisively by emerging markets like India, the report states.

Jun 25, 2025

a-woman-counts-u-s-dollars-at-a-money-changer

Trade wars resurgent: Tariff tensions reshaping global growth

Global trade, at $33 trillion in 2024, teeters under protectionism's weight. A G20-led tariff truce could save $500 billion, shielding 1.2 billion from inflation's grip, per World Bank.

Jun 22, 2025

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Economy News

GST enters 8th year after rollout with record collections, thumbs up from 85 pc taxpayers

India will continue to be fastest growing economy, even perform better: FM Sitharaman

Market outlook: PMI, auto sales, FII activity, key economic data to drive stock market this week

India clocks current account surplus of $13.5 billion in Jan-March quarter

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Nifty Financial Services index becomes best-performing sector, surges 15.5 pc in H1 2025

India's GDP projected to grow at 6.2 pc in FY26 with inflation around 4 pc: Report

RBI's new project finance directions to cushion banks against risk: Report

Sensex surges 1,000 points, banking and heavyweight stock gain

Union Bank of India plans Rs 6,000 crore fundraising to support growth initiatives

E-commerce to fuel India's $1 trillion digital opportunity by 2030: Report

India's economy remains resilient amid spike in global uncertainties: RBI

Adani Total Gas partners Jio-bp; what this means for consumers

Number of India's dollar millionaires to surge 55 pc by 2029: Report

Trade wars resurgent: Tariff tensions reshaping global growth

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react