Economy

Mumbai:  Hotel transactions in 2024 reached approximately Rs 2,900 crore in India and interestingly, tier 2 and 3 cities accounted for 50 per cent of the transactions, predominantly involving unbranded midscale properties, a report showed on Tuesday. The investment landscape saw diverse participation, with high-net-worth individuals (HNIs), family offices, and private owners contributing 51 per

New Delhi:  Showing a resilient economy in the Asia-Pacific region amid global uncertainties, India’s GDP will grow at 6.5 per cent in the fiscal year ending March 31, 2026, S&P Global Ratings said on Tuesday. This assumes the upcoming monsoon season will be normal and that commodity — especially crude — prices will be soft,”

New Delhi: The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26. The Ministry of Finance said in a statement that banks may continue their short term gold deposit schemes (1-3 years). About 31,164 kilograms of gold have

Mumbai:  The domestic benchmark indices opened higher on Tuesday amid positive global cues, as buying was seen in the IT sector in the early trade. At around 9.27 am, Sensex was trading 112.50 points or 0.14 per cent up at 78,096.88 while the Nifty added 12.10 points or 0.05 per cent at 23,670.45. According to

New Delhi:  From April 1, Central government employees with at least 25 years of service will be eligible for a fixed pension equal to 50 per cent of their average basic salary from the last 12 months before retirement under the new Unified Pension Scheme (UPS). The government is introducing the UPS to offer more

New Delhi: GSMA, a global organisation which represents mobile network operators worldwide, has elected Bharti Airtel Vice Chairman and MD, Gopal Vittal, as its new Chairman until the end of 2026, it was announced on Monday. Vittal is currently the acting Chair of the GSMA board and is only the second Indian to chair the

New Delhi: The Ministry of Coal has successfully auctioned a total of 12 coal mines, comprising eight fully explored mines and four partially explored coal mines across five states, according to an official statement issued on Monday. The newly auctioned mines are projected to generate an annual revenue of Rs 3,330 crore (excluding the partially

Mumbai:  The domestic benchmark indices opened higher on Monday amid positive global cues, as US President Donald Trump signalled potential reciprocal tariff flexibility. Buying was seen in the PSU bank and realty sectors in the early trade. At around 9.32 am, Sensex was trading 414.98 points or 0.54 per cent up at 77,320.49 while the

Mumbai: Star Health and Allied Insurance Company Limited has received 25 tax demand orders from the Goods and Services Tax (GST) authorities across multiple states. The total demand, including penalties, amounts to Rs 49 crore. The tax notices have been issued to the company’s zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka.

New Delhi:  At a time when many global economies are struggling, Kumar Mangalam Birla, Chairman of Aditya Birla Group, believes India is on a strong path to becoming a developed nation by 2047. Birla said the country is growing at a steady rate of 6-7 per cent annually, which is a remarkable achievement. “India is