Economy

New Delhi:  Fitch Ratings has affirmed India’s credit rating at ‘BBB-‘ with a stable outlook, supported by the country’s robust economic growth and solid external finances. “India’s economic outlook remains strong relative to peers, even as momentum has moderated in the past two years, said the rating agency. “We forecast GDP growth of 6.5 per

Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday expressed optimism about the ongoing India-US trade negotiations reaching a positive conclusion. “We are hopeful that negotiations on tariffs will play out and there will be minimal impact,” the central bank’s governor said during an event here. Malhotra’s comments come as the sixth round

Mumbai: Reserve Bank of India (RBI) Governor, Sanjay Malhotra, on Monday emphasised the crucial role of monetary policy in maintaining stability and supporting growth as India is poised to become the third-largest economy amid the challenges posed by the global economic slowdown and geopolitical tensions. Addressing the FIBAC 2025 annual conference organised by business chamber

New Delhi: As the August 27 deadline for US secondary tariffs of 25 per cent falls this week over Russian oil purchase, analysts and global reports say that a total of 50 per cent tariff is unlikely to significantly impact India’s growth due to a robust domestic demand. While labour-intensive textiles and gems and jewellery

Mumbai:  The Indian benchmark indices opened the week with gains on Monday, as IT stocks led the rally after a potential rate cut in the US boosted investors’ sentiment. The BSE Sensex gained 251.41 points, or 0.31 per cent to touch 81,558. The Nifty 50 inched up 71 points, or 0.29 per cent up to

Mumbai: Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of India (BOI) has also classified the loan accounts of the company, its promoter Anil Ambani, and Reliance Telecom as fraudulent, the company informed stock exchanges on Sunday. The bank has alleged diversion of funds and violation

New Delhi: The 56th meeting of the GST Council, slated for September 3-4, will decide on the Group of Minister’s (GoM) proposal to retain two slabs — 5 per cent and 18 per cent. As per an official statement, the Council meeting comes amid the Centre’s mega push to reform the GST taxation regime’s structure

New Delhi: The National Highways Authority of India (NHAI) has sold over 5 lakh FASTag-based annual toll permits in just four days, collecting Rs 150 crore in revenue. Tamil Nadu recorded the highest number of purchases of annual passes in four days, followed by Karnataka and Haryana. Further, Tamil Nadu, Karnataka, and Andhra Pradesh recorded

New Delhi:  The UPI transactions have expanded significantly and the average daily value has increased from Rs 75,743 crore in January to Rs 90,446 crore in August, with SBI as the top remitter member with 5.2 billion transactions, a report showed on Monday. Maharashtra emerges as the consistent leader in digital payments with 9.8 per

New Delhi:  The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client. Speaking to Fox News aboard Air Force One en route to Alaska, Trump said the US may not impose secondary tariffs on countries continuing