Economy

New Delhi:  India’s imports of high-quality coal declined by 3.1 per cent in the first seven months (April-October) of FY 2024-25 to 149.39 million tonnes (MT), compared to 154.17 MT during the same period in the previous year, due to the increase in domestic production, the Ministry of Coal said on Tuesday. The Non-Regulated Sector

Mumbai: Domestic mutual funds (MFs) saw their equity asset under management (AUM) rise for the 11th consecutive year to Rs 33.4 lakh crore (40 per cent year-on-year growth) in 2024, a report showed on Tuesday. The AUM growth was fuelled by an uptrend in market indices (Nifty 9 per cent growth) and higher equity scheme

New Delhi: The annual rate of inflation based on the all-India Wholesale Price Index (WPI) edged up to 2.37 per cent for the month of December, compared to the same month of the previous year, according to figures released by the Commerce and Industry Ministry on Tuesday. The positive rate of inflation in December

New Delhi: India’s net direct tax collections recorded a robust 15.88 per cent jump to Rs 16.90 lakh crore during April 1, 2024-January 12, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department. The gross direct tax collections,

Mumbai: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of getting left behind in the race. SBI introduced a new category

New Delhi:  The country’s smartphone market, which is projected to cross $50 billion in value this year, is likely to see $20 billion worth exports in FY25, riding on ‘made in India’ Apple iPhones. In FY24, the country saw smartphone exports surpassing $15 billion (with Apple’s share at over $10 billion). This fiscal, according to

New Delhi: Equity alternative investment funds (AIFs) in India achieved a notable pooled internal rate of return (IRR) of 21.5 per cent between fiscals 2013 and 2024, according to a report on Tuesday. Across the past five fiscals, the benchmark outpaced the BSE Sensex Total Return Index (TRI), reaffirming the resilience and importance of private

New Delhi: India’s gross domestic product (GDP) growth is likely to improve to 6.7 per cent next fiscal (FY26), a Crisil Intelligence report said on Monday, adding that a sustained decline in food inflation, coupled with soft non-food inflation should create room for a rate cut in the coming months. Headline inflation continued making progress

New Delhi: India’s retail inflation rate, based on the Consumer Price Index, fell to a 4-month low of 5.22 per cent in December as prices of vegetables, pulses and sugar eased during the month bringing respite to household budgets, according to figures released by the Ministry of Statistics on Monday. The easing of inflation reflects

New Delhi:  With food inflation having peaked out and the government trying to accelerate capex spending, the Indian economy is growing steadily and upcoming Union Budget and Donald Trump 2.0 hold key to market returns, according to a report on Monday. Rural demand is showing a sustained recovery. The festival and wedding season has provided