Economy

New Delhi: Global family offices are most likely to increase their exposure in their investment portfolios to India and China over the next 12 months and India has scored far better on the list, according to the ‘2025 Global Family Office’ report by UBS. More than a quarter (28 per cent) of family offices are

New Delhi:  Interglobe Aviation, the operator of IndiGo Airlines, saw its stock slipping nearly 3 per cent on Tuesday after its co-founder Rakesh Gangwal offloaded 2.26 crore shares worth nearly Rs 11,928 crore in a block deal. The block sale constituted 5.8 per cent of Gangwal’s stake in the leading budget airline, according to multiple

Mumbai: The Indian benchmark indices opened lower on Tuesday amid weak Asian cues, as selling was seen in the IT, auto, financial services and pharma sectors in the early trade. At around 9.28 am, Sensex was trading 747.69 points or 0.91 per cent down at 81,428.76 while the Nifty declined 204.10 point or 0.82 per

New Delhi:  The incremental gain from the higher RBI dividend is expected to partly offset potential shortfalls in tax revenues and nominal GDP growth, a report said on Monday, adding that supported by a robust RBI dividend, system liquidity is likely to improve further. This marks the third consecutive year where the actual dividend has

New Delhi:  The record Rs 2.69 lakh crore dividend bonanza by the Reserve Bank of India (RBI) to the government is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a new report. Notably, the RBI was the top seller of foreign exchange reserves in January

New Delhi:  With a focus on simplifying the indirect tax regime and addressing anomalies in the existing Goods and Services Tax (GST) rate structure, the GST Council is likely to take up rate rationalisation and the future of compensation cess in its next meeting. The meeting in New Delhi is anticipated to be convened soon,

Mumbai: The Indian stock markets concluded the week on a subdued note, as investors grappled with global uncertainties and awaited key domestic developments. The benchmark indices experienced volatility, with the Sensex and Nifty oscillating within a narrow range before closing marginally lower. The Nifty settled at 24,853.15, while the Sensex ended at 81,721.08, reflecting cautious

New Delhi: The provisional payroll data of the Employees’ State Insurance Corporation (ESIC) shows that 16.33 lakh new employees have been added during March this year. As many as 31,514 new establishments have been brought under the social security ambit of the ESI Scheme in the month of March, thus ensuring social security to more

Mumbai: The Reserve Bank of India (RBI) on Friday approved its highest-ever dividend of a staggering Rs 2.69 lakh crore to the PM Narendra Modi-led Central government for the financial year 2024-25. The dividend payout is a robust 27.4 per cent increase over the corresponding figure of Rs 2.1 lakh crore for the previous year.

New Delhi: The Securities and Exchange Board of India (SEBI) is investigating possible violations in the IndusInd Bank case, following the bank’s disclosure of suspected fraud and concerns over insider trading, SEBI Chairman Tuhin Kanta Pandey said here on Thursday. He said that while the Reserve Bank of India (RBI) is looking into the accounting