Economy

Addis Ababa: Ethiopia has disclosed that it earned 1.36 billion US dollars in revenue from gold exports over the past six months. Speaking of an “impressive export performance” during the first half of the current Ethiopian 2024/2025 fiscal year, which started on July 8, Ethiopia’s Minister of Trade and Regional Integration Kassahun Gofe said in

New Delhi: The Centre on Friday cautioned citizens against fraudsters issuing fake and fraudulent summons for Goods and Services Tax (GST) violations. The Central Board of Indirect Taxes and Customs (CBIC) said it has been recently observed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or

New Delhi: The payroll data of the Employees’ State Insurance Corporation (ESIC) released on Friday reveals that 16.07 lakh new employees were added in November last year out of which over 47 per cent are young employees up to the age group of 25 years, which is a good indicator of new jobs being created

Mumbai: The Reserve Bank of India (RBI) has got in touch with banks this week to understand the impact of its new liquidity coverage norms following concerns that the move would adversely impact the flow of credit in the economy. Banks have provided some feedback, asked for deferment of the norms and alternative mechanisms to

Mumbai:  Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade. In early trade, Nifty rose 0.31 per cent to 23,277, while the 30-stock Sensex advanced 0.31 per cent to 76,765. Seven out of the 12 sectors on the

Washington: US President Donald Trump, affirmed hope of having a “very good relationship” with China under his administration, while also stressing the need to have a “level-playing field” regarding the trade situation. Virtually addressing the World Economic Forum (WEF) in Davos, Trump said, “He (Xi Jinping) called me. But I see it very good. I

Mumbai:  Financial services major Paytm on Friday said it has not received any new notice from the Enforcement Directorate (ED) related to an ongoing investigation into a cryptocurrency scam. In a filing, the company responded to emails send by the stock exchanges, saying the case dates back to September 2022 and is not connected to

New Delhi:  India’s manufacturing sector recorded a strong growth in January this year led by a sharp rise in new export orders and a likely flurry of restocking activity around the world, according to the HSBC flash PMI report released on Friday. Based on an analysis of 100 activity indicators, the report suggests that the

New Delhi: India has recorded a robust 39 per cent surge to Rs 32 lakh crore in domestic investments announced by public and private sector companies during the first nine months (April-Dec) of the current financial year (FY25), compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous

New Delhi: The gross non-performing assets (NPAs) ratio of Indian banks may decline by another 0.4 per cent to 2.4 per cent by March 2025 followed by a further 0.2 per cent dip in the next financial year, according to rating agency Fitch. Although the stress in retail loans is rising, particularly in unsecured credit,