Economy

New Delhi: The Employees’ Provident Fund Organisation (EPFO) on Monday announced a net addition of 16.10 lakh members in February this year. The year-on-year analysis reveals a growth of 3.99 per cent in net payroll additions compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by

New Delhi: Gold prices in India touched a new record high of Rs 96,805 per 10 grams on Monday on the Multi Commodity Exchange (MCX) as rising fears over a global trade war and weakness in the US dollar pushed investors towards the yellow metal. Around 1:30 pm, the ‘MCX Gold June 5’ contract was

San Francisco: Finance Minister Nirmala Sitharaman said on Monday that India has become the fastest-growing economy, driven by the “visionary leadership” of Prime Minister Narendra Modi and the stability provided by a continuing government. Addressing the Indian diaspora in the US, the Finance Minister said, “When we say that India is the fastest-growing economy and

New Delhi: There has been a significant jump in the number of investment projects announced in the January-March quarter of FY25, at Rs 18.9 lakh crore, compared to Rs 19.4 lakh crore worth of projects announced in the first three quarters combined (April-December) of the financial year, according to a Bank of Baroda report. These

Mumbai:  India’s largest private sector lender HDFC Bank on Saturday posted 6.7 per cent (year-on-year) rise in standalone net profit to Rs 17,616 crore in the fourth quarter pf FY25. On a sequential basis, net profit rose by 5.3 per cent. However, the bank reported a 9.4 per cent decline in operating profit to Rs

New Delhi:  Driven by the industrial and services sectors, the number of active companies in the country surged by more than 162,800 last fiscal (FY25). According to latest data from the Ministry of Corporate Affairs (MCA), new business registrations surged as services sector accounted for about two-thirds of all new registrations. In the April 2024-February

New Delhi, April 19 (IANS) In a significant achievement, the pharmaceutical exports from India crossed $30 billion in the last financial year (FY25), with the US remaining as a key market with more than one-third of the country’s pharma exports. According to official trade data, the pharmaceutical exports reached $30,467.32 million in FY25, more than

New Delhi:  India has crossed an important milestone with more than two million EVs sold in the financial year that ended on March 31 this year (2024-25). This is the highest ever sales in a single fiscal year, with a 15.6 per cent jump from 1.75 million sales in FY2024, according to a JMK Research

New Delhi: The US has informed the World Trade Organisation (WTO) that the Donald Trump administration’s decision to levy tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures. The US defence came in response to India filing a request with the WTO on April 11

New Delhi: The Central Board of Indirect Taxes (CBIC) has issued revised instructions to the officers for processing GST registration applications, that will reduce compliance burden on taxpayers and facilitate rule-based transparency, it was announced on Friday. Several grievances have been received by the CBIC), Department of Revenue, regarding difficulties being faced by applicants during