Economy

Mumbai: The Indian rupee strengthened to 87.22 against the US dollar at open on Monday following a volatile week after continued FII selling and US President Donald Trump’s 25 per cent tariff announcement on the country. The Indian rupee opened higher as a result of the decline in the dollar index and rise in Asian

Mumbai: The Indian stock market opened in the green on Monday, led by gains in auto and metal stocks, amid mixed global cues. At 9.29 am, Sensex was up 221 points or 0.28 per cent at 80,821 and Nifty was up 82 points or 0.33 per cent at 24,647. In the opening trading session, auto

New Delhi: The government on Sunday termed “untrue” a WhatsApp message that claimed the Reserve Bank of India (RBI) had ordered banks to cease issuing Rs 500 notes via ATMs by September 30, saying no such instruction has been issued. The deceptive message also claims that 90 per cent of ATMs will cease issuing Rs

Mumbai:  India’s Goods and Services Tax (GST) collections rose to Rs 1.96 lakh crore in July, up 7.5 per cent from the same month of the previous year, according to government data released on Friday. The increase was driven by higher revenue from both domestic transactions and imports, reflecting steady economic activity, though the growth

Mumbai: Starting August 1, using UPI will come with a set of new rules aimed at improving transaction speed, reducing system load, and making payments safer. The National Payments Corporation of India (NPCI) has issued fresh guidelines for all members of the UPI ecosystem, including banks and payment apps, which must be implemented by July

New Delhi:  Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company’s announcement to lay off around 12,200 employees in FY26. The share had slipped 1.7 per cent to an intra-day low of Rs 3,081 on BSE. India’s largest IT exporter on Sunday announced plans to lay off around

New Delhi:  The India-UK Comprehensive Economic and Trade Agreement (CETA) goes beyond goods and addresses services exports, which are a core strength of India’s economy. Currently, India’s services exports to the UK are a robust $19.8 billion, and CETA promises to expand this further with increased mobility for professionals across IT, healthcare, finance, and education.

New Delhi: Taxpayers filing tax returns for FY25 should be aware of the new income tax slabs and capital gains tax structure brought in by the Union Budget 2024, according to experts. As per new tax slabs, individuals with taxable income up to Rs 12 lakh get full tax rebate under the new regime. Your

Mumbai: The era of completely free digital transactions via the Unified Payments Interface (UPI) may not last forever, RBI Governor Sanjay Malhotra signalled on Friday, adding that the UPI interface should be made financially sustainable in the future. The UPI system is currently free for users, with the government covering costs by subsidising banks and

Mumbai: The India-UK Free Trade Agreement (FTA) should help various sectors in the country, including manufacturing and the services industry, Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Friday. According to the RBI chief, multilateralism has taken a back seat, and India now requires more such free trade agreements with other countries as