Economy News

Indian Railways providing 47% travel subsidy to passengers: Ashwini Vaishnaw

Indian Railways is providing more subsidy to passengers as the cost of travel per km by train is Rs 1.38 but passengers are charged only 73 paise — meaning 47 per cent subsidy, Union Minister of Railways Ashwini Vaishnaw has informed.

Mar 18, 2025

India's trade deficit dips to 3-year low of $14.05 billion in February

India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while imports declined, according to the latest data compiled by the Ministry of Commerce and Industry.

Mar 17, 2025

EPFO registers historic high of 2.16 crore auto claim settlements in FY25

The Employees' Provident Fund Organisation (EPFO) achieved a historic high of 2.16 crore auto claim settlements during the current financial year (up to March 6), up from 89.52 lakh in FY2023-24, the Parliament was informed on Monday.

Mar 17, 2025

Gold prices hit all-time high, cross Rs 86,875 per 10 grams

Central banks, gold ETFs to fuel strong demand for yellow metal in 2025: Report

Central banks and Gold Exchange Traded Fund (ETF) investors will continue to be the key drivers of gold demand in 2025, as per a report.

Mar 16, 2025

Income Tax Return portal handled more than 900 filings in a second and nearly 70 lakh ITRs (Income Tax Returns) in a day

Advance tax deadline: Pay your final installment today to avoid penalty

The due date for paying the final installment of advance tax for the financial year 2024-25 is March 15, failing to pay may attract a penalty, according to the Income Tax department.

Mar 15, 2025

Railways freight movement shoots up to 1.47 million tonnes in April-Feb of FY 2024-25

Indian Railways loaded 1,465.371 million tonnes (MT) of freight in the 11 months of FY 2024-25 so far, up from 1,443.166 MT in the full financial year 2023-24, according to the latest figures compiled by the Ministry of Railways.

Mar 15, 2025

RBI wins global Digital Transformation Award 2025 for rolling out digital initiatives 'Pravaah', 'Sarthi' systems

The Reserve Bank of India has won the Digital Transformation Award 2025, instituted by Central Banking, London.

Mar 15, 2025

India's trade flourished in Q4 2024, defied global risks: UN Report

India's trade sees strong growth Q4, defies global trend: UN Report

India's trade saw strong growth in the last quarter of 2024, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).

Mar 15, 2025

Samsung SDI finishes all-solid-state battery pilot line, samples due in H2: CEO

EV Boost: Samsung SDI to raise $1.3 billion via stock offering

Samsung SDI Co., South Korea's second-biggest battery maker, said it will raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy.

Mar 15, 2025

Sensex, Nifty end lower as investors stay cautious

Weekly Wrap: Market remains range bound amid mixed global cues

The Indian stock markets remained rangebound and closed slightly lower last week due to mixed global cues.

Mar 14, 2025

RBI likely to cut rates next month amid easing inflation: HSBC

After the decline in retail inflation in February to 3.6 per cent, the March inflation print is also trending below the RBI's 4 per cent target which is likely to lead to another rate cut by the central bank next month, according to an HSBC Research report.

Mar 14, 2025