Economy

New Delhi:  Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from the Union Cabinet. The bill, which was granted approval in the Cabinet meeting chaired by Prime

Bengaluru: The Indian ConsumerTech market is projected to reach $300 billion by 2027, growing at a compound annual growth rate (CAGR) of 25 per cent, according to a report on Friday. This report highlighted high-potential categories in the domestic market, such as health foods, pet care and “athleisure” (a hybrid style of athletic clothing typically

Mumbai: The NSE Nifty 50 and BSE Sensex were trading almost flat early on Friday ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting to announce its decision on India’s benchmark repo rate. At 9.35 a.m., the Sensex was trading at 78,033.41, down 18 points or .024 per cent, while the

Ahmedabad: On his visit last month to the Maha Kumbh Mela, Gautam Adani had said that his son’s wedding would be conducted in a “simple and traditional way”. Staying true to his word, and also ending all rumours and speculation that his son Jeet Adani’s wedding would be a lavish and spectacular affair, the billionaire

New Delhi: The Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points is a well-timed move that will accelerate economic growth, Radhika Gupta, Edelweiss Asset Management CEO said. In an exclusive interview, she said that the central bank’s decision is a catalyst for the current economic conditions. “Lower interest

New Delhi: The reduction in the policy interest rates by the Reserve Bank of India (RBI) is a catalyst for boosting demand across different sectors of the economy, a top industry body said on Friday. In a bid to provide flexibility to respond to the macroeconomic environment, RBI Governor Sanjay Malhotra announced the repo rate

New Delhi: Morgan Stanley on Friday said that it expects the RBI to take some additional liquidity measures before end-March and another cut of 25 basis points cut in the repo rate in April after the central bank reduced the policy rate by 25 basis points to 6.25 per cent while it retained the stance

New Delhi: The Reserve Bank of India (RBI) on Friday set up a 9-member Working Group to undertake a comprehensive review of trading and settlement timing of financial markets. The RBI pointed out that over the last few years, there have been several developments including increased electronification of trading, availability of Forex and certain interest

Mumbai:  In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. He said that the step has been taken as the

New Delhi: Bold reforms and a leadership role in global trade are crucial for achieving Viksit Bharat by 2047, according to experts from the government. The experts including the Chief Economic Advisor, and from the Ministry of Defence spoke at a conclave, organised by NITI Aayog in the national capital on Thursday. They deliberated on