Economy

New Delhi:  As the RBI’s Monetary Policy Committee (MPC) is set to meet later this week, analysts on Monday expected the Central Bank to go for a third consecutive rate cut of 25 basis points as inflation continues to remain below the median target of 4 per cent. The Central Bank is projected to cut

New Delhi: The Unified Payments Interface (UPI) has posted a robust recover in the month of May by processing 18.68 billion transactions, up from 17.89 billion in April. As per data by the National Payments Corporation of India (NPCI), the UPI transactions mark a 33 per cent year-on-year (YoY) surge compared to 14.03 billion transactions

Mumbai:  The Indian stock market opened in the red on Monday following negative cues from the global markets. At around 9:18 am, Sensex was down 676.86 points or 0.83 per cent at 80,774.15 and Nifty was down 181.15 points or 0.74 per cent at 24,568.25. Selling was seen in the midcap and smallcap stocks. Nifty

New Delhi:  India’s manufacturing sector continued its healthy performance in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) recording a reading of 57.6, it said on Monday. While slightly lower than April’s 58.2, the index remains well above the neutral 50 mark — signifying sustained expansion in the sector, according to data compiled

New Delhi: India’s gross Goods and Services Tax (GST) collection for May 2025 reached Rs 2.01 lakh crore, marking a 16.4 per cent rise compared to the Rs 1.72 lakh crore collected in May 2024, according to data released by the Ministry of Finance on Sunday. This marks the second month in a row that

New Delhi:  Union Finance Minister Nirmala Sitharaman on Saturday highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with “transparency and integrity.” “To provide service to the taxpayer is our duty. While so serving the taxpayers, transparency and integrity are crucial in earning their trust

New Delhi: Micro, small and medium enterprises (MSMEs) are the key towards becoming a Viksit Bharat by 2047, and it is the right time to speak about Industry and MSME collaboration to celebrate their contribution to India’s aspirations, a top government official has stressed. India, in its aspiration, has been constantly growing, from being the

New Delhi: The Indian economy is poised to remain the fastest-growing major economy in FY26 by leveraging its sound macroeconomic fundamentals, robust financial sector and commitment towards sustainable growth, according to a State Bank of India (SBI) report. With higher anticipated saving based on latest RBI annual report, the domestic finances will be sufficient to

New Delhi: The Supreme Court on Wednesday upheld the delisting of ICICI Securities from the stock exchanges, rejecting a plea by an individual investor who challenged the share valuation process as being unfair. The investor, Manu Rishi Gupta, had questioned the delisting on the ground that a reverse book building mechanism might have resulted in

Bengaluru:  India’s data centre (DC) market capacity across top seven cities is expected to cross 4,500 MW by 2030, attracting investments to the tune of $20-25 billion the next 5-6 years, a report showed on Wednesday. This is likely to translate into real estate footprint of around 55 million square feet in the next 5-6