Economy News

Sensex closes down by 230 points, auto and finance shares fall

India frontline equity indices closed lower on Friday as finance shares and TCS weighed on them.

Oct 11, 2024

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month.

Oct 11, 2024

Demat accounts rise to 171 million in August, up 4 million

Demat accounts surge to 175 mn in India, NSE active clients climb to 47.9 mn

As Indian stock markets continue to outperform its global peers, the number of demat accounts increased to 175 million in the month of September, from 171 million in August.

Oct 11, 2024

Vehicle insurance, pension coverage up in India's rural households

As financial inclusion improves amid rising rural consumption, the percentage of rural households with at least one member covered by any form of insurance increased significantly from 25.5 per cent in 2016-17 to 80.3 per cent in 2021-22.

Oct 10, 2024

Taxpayers can choose between old and new LTCG regime: FM Sitharaman

Government Releases ₹1.78 Lakh Crore as Tax Devolution to States for Festive Season

In a bid to enable states to boost development and capital spending, the Centre on Thursday said it has released tax devolution of Rs 1,78,173 crore to state governments, as against the normal monthly devolution of Rs 89,086.50 crore.

Oct 10, 2024

'The clock has stopped ticking': Ratan Tata passes away at 86; PM Modi, Anand Mahindra, Harsh Goneka pay heartfelt tributes

Ratan Tata Positioned Brand India in the Global Economy: Industry Leaders

Leading industry chambers on Thursday remembered Ratan Tata as a leader, nation builder, philanthropist, a global entrepreneur and much more.

Oct 10, 2024

UPI Transaction Volume Jumps 52% to 78.97 Billion, Value Exceeds ₹116 Lakh Crore

The unified payments interface (UPI)-based transactions volume surged 52 per cent to 78.97 billion in the first half this year (H1 2024), from 51.9 billion in the same period last year

Oct 10, 2024

India's Top 100 Tycoons Cross $1 Trillion, Gautam Adani Ranked 2nd: Forbes Report

The collective wealth of India's 100 richest tycoons surpassed the trillion dollar milestone for the first time as more than 80 per cent of the country's richest tycoons are now wealthier than they were a year ago, a Forbes report showed.

Oct 10, 2024

Elect BJP govt to protect 'Roti, Beti, Maati, PM Modi urges people of Jharkhand

Vote for MahaYuti to make Maha stronger, foil MVA's plan to weaken state, says PM Modi

A day after the BJP's stellar performance in the Haryana Assembly election, Prime Minister Narendra Modi on Wednesday appealed to the people of Maharashtra to elect the MahaYuti government again in the upcoming Assembly election to continue the development process.

Oct 9, 2024

Not just Ola Electric, complaints grow against Ather Energy e-scooters too

As Ola Electric users continue to flood social media platforms against poor service and myriad other problems, IPO-bound electric two-wheeler maker Ather Energy is also facing a number of complaints against its e-scooters on social media.

Oct 9, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

Retail Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.

Oct 9, 2024

Gross enrollments under Atal Pension Yojana cross 7 crore mark

Atal Pension Yojana Crosses 7 Crore Enrollment Mark In Ten Years

The Atal Pension Yojana (APY) in India has crossed 7 crore enrollments, marking its 10th year. The APY provides a guaranteed minimum pension to unorganised workers, addressing their financial insecurities.

Oct 8, 2024

DGCA issues safety guidance for Boeing 737 aircraft for low-visibility landings

DGCA issues safety guidance for Boeing 737 aircraft for low-visibility landingsThe Directorate General of Civil Aviation (DGCA) on Monday asked operators of Boeing 737 aircraft with a specific rudder part to not use the planes for low-visibility landings.

Oct 8, 2024

Indian E-commerce Market Set to Soar to $325 Billion by 2030

The Indian e-commerce market is projected to reach $325 billion by 2030, driven by rural demand and a 21% CAGR. Retailers are adapting to omnichannel strategies and expanding in tier 2 and 3 cities, with growth also fueled by increased smartphone use and internet access.

Oct 8, 2024

RBI MPC likely to maintain status quo on policy rates: Experts

The RBI's monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward

Oct 6, 2024

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Economy News

Sensex closes down by 230 points, auto and finance shares fall

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

Demat accounts surge to 175 mn in India, NSE active clients climb to 47.9 mn

Vehicle insurance, pension coverage up in India's rural households

Government Releases ₹1.78 Lakh Crore as Tax Devolution to States for Festive Season

Ratan Tata Positioned Brand India in the Global Economy: Industry Leaders

UPI Transaction Volume Jumps 52% to 78.97 Billion, Value Exceeds ₹116 Lakh Crore

India's Top 100 Tycoons Cross $1 Trillion, Gautam Adani Ranked 2nd: Forbes Report

Vote for MahaYuti to make Maha stronger, foil MVA's plan to weaken state, says PM Modi

Not just Ola Electric, complaints grow against Ather Energy e-scooters too

Retail Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

Atal Pension Yojana Crosses 7 Crore Enrollment Mark In Ten Years

DGCA issues safety guidance for Boeing 737 aircraft for low-visibility landings

Indian E-commerce Market Set to Soar to $325 Billion by 2030

RBI MPC likely to maintain status quo on policy rates: Experts

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