Economy

Mumbai:  The stock of Vishal Mega Mart on Tuesday saw a sharp decline of nearly 8 per cent in the early trade after a block deal. The drop came after a massive block deal worth Rs 10,488 crore in the stock market. The deal was carried out at an average price of Rs 115 per

New Delhi: Prime Minister Narendra Modi will address the Outreach Session of the G7 advanced countries on Tuesday in the backdrop of India having become the fastest-growing economy in the world, and the only country to clock above 6 per cent GDP growth. According to IMF data, India has taken the lead in economic growth

New Delhi: The continued softening of wholesale price index (WPI) inflation since December 2024 is a positive signal for higher economic growth in India, economists said on Monday, adding that they expect WPI inflation to remain benign in the coming months, assuming geopolitical tensions abate. The annual rate of inflation based on the WPI eased

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) kicked off a nationwide ‘GST Pakhwada’ on Monday which will continue till June 30, as part of the upcoming GST Day celebrations on July 1. The two-week campaign aims to spread awareness about the Goods and Services Tax (GST) and assist taxpayers in resolving

New Delhi:  India’s annual rate of inflation based on the Wholesale Price Index (WPI) eased further to a 14-month low of 0.39 per cent in May from 0.85 per cent in April and 2.05 per cent in March, according to data released by the Ministry of Commerce and Industry on Monday. The month-over-month change in

New Delhi:  Amitabh Kant on Monday announced his decision to step down as the G20 Sherpa. His resignation comes after 45 years of “dedicated government service” in various roles as G20 Sherpa, CEO of NITI Aayog, Secretary of the Department for Industrial Policy and Promotion, among others. In a post on social media platforms X

New Delhi: Meta has appointed Arun Srinivas as the Managing Director and Head for its India operations. This comes after Sandhya Devanathan taking on an expanded role of leading both India and Southeast Asia. “We are appointing Arun Srinivas as the Managing Director and Head for Meta in India. This follows the recent announcement of

New Delhi: Oil prices in the international market jumped further on Monday after the Mideast tensions escalated between Israel and Iran. Brent climbed as much as 5.5 per cent before paring most gains to trade around $75 a barrel. Israel launched an attack on the giant South Pars gas field, forcing the halt of a

Calgary:  The Group of Seven (G7) summit unveiled its slimmed-down agenda, prioritising discussions on the global economy and energy security. Originally scheduled to begin on Sunday, the summit has been shortened to two days and will officially commence on Monday, as world leaders begin arriving in Kananaskis, Alberta, Xinhua news agency reported. Monday’s schedule includes

New Delhi: InterGlobe Aviation Limited, the parent company of IndiGo, on Monday denied media reports which claimed that the budget airline is planning to sell a part of its stake to raise $1 billion. In a statement, the company called such reports ‘speculative’ and said they have ‘no factual basis.’ InterGlobe clarified that it remains