Economy

New Delhi: The free trade agreement (FTA) between the UK and India is the result of increased trust between the two countries, primarily because of the visionary leadership of Prime Minister Narendra Modi, said Vedanta Group’s non-executive chairman Anil Agarwal on Friday. In an exclusive conversation with IANS, Agarwal highlighted the efforts of both nations

New Delhi: The Enforcement Directorate (ED) on Thursday carried out multiple raids at over 35 premises, 50 companies and more than 25 people linked to Anil Ambani’s Reliance Group (RAAGA Companies), in connection with a money laundering probe related to the Rs 3,000 crore Yes Bank loan fraud case. Subsequent to FIRs registered by the

New Delhi:  Silver prices continued their upward march, scaling a new all-time high and crossing the Rs 1.14 lakh per kg mark. This significant rally comes amid strong global cues and steady demand in the domestic market. The price of silver increased by Rs 1,028 to Rs 1,14,493 per kilogram on Tuesday, up from Rs

New Delhi: There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday. This representation

Mumbai: The Indian equity market opened almost flat on Monday amid mixed cues from global markets, as investors continue to look for some positive news on the interim India-US trade deal. At 9:20 am, Sensex was down 50 points or 0.05 per cent at 81,714 and Nifty was down 17 points or 0.07 per cent

Mumbai: India’s microfinance sector is projected to clock a 15 per cent CAGR in the gross loan portfolio (GLP), surpassing Rs 10 trillion (Rs 10 lakh crore) loan portfolio over the next five-six years, a report said on Monday. The report by Avendus Capital highlights a resilient reset underway in India’s most critical engines of

New Delhi: India has emerged as the global leader in fast payments, as UPI processed over Rs 24.03 lakh crore in payments through 18.39 billion transactions in June, according to a note by the International Monetary Fund (IMF) on Sunday. In June last year, 13.88 billion UPI transactions were done while 18.39 billion in the

New Delhi:  At a time when global supply chains are getting rejigged, if India can do the right reforms, it could become a meaningful producer and exporter of goods, which could spur investment, credit and GDP growth, an HSBC report said on Friday. In the chicken-and-egg debate of who rises first, GDP growth or credit

New Delhi: India’s largest Public Sector Bank, the State Bank of India (SBI), is likely to launch its Rs 25,000 crore Qualified Institutional Placement (QIP) very soon, according to multiple reports. The pricing of this Qualified Institutional Placement is expected to be close to the current market price, with a possible discount of up to

New Delhi: Former NITI Aayog CEO Amitabh Kant on Sunday lauded UPI for becoming the world’s leading real-time payment system, processing a staggering 650 million transactions daily to dislodge Visa from the top rank. Calling it ‘phenomenal’, Kant said, “This has been one of the most notable achievements of Prime Minister Narendra Modi’s government. This