In the last few budgets, customs duty simplification has been a focus area, with fewer slabs and correction of the inverted duty structure, where tariff on a product is lower than an input in the value chain. NEW DELHI: Finance minister Nirmala Sitharaman said on Thursday that she will focus on lowering customs tariffs in…
The report said FPIs were net sellers of equities worth Rs 1.8 lakh crore, while they were net buyers of debt at Rs 25,807 crore. MUMBAI: Regulatory interventions by Sebi in the futures & options (F&O) segment during fiscal 2026, aimed mainly at reining in excessive speculative activities by retail investors, led to a dip…
पीएम मोदी ने टेक्नोलॉजी विशेषज्ञ नंदन नीलेकणी की अध्यक्षता में एक टास्क फोर्स का गठन करने का फैसला लिया गया है। NEW DELHI: Infosys co-founder and chairman Nandan Nilekani on Thursday said that India may emerge as a principal beneficiary of productivity gains and inclusion from AI in the next decade, despite low visibility in…
Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange…
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants…
The company’s non-digital business reported a 7.4% increase in EBITDA and an 85% rise in profit after tax during the quarter NEW DELHI: Entertainment Network (India) (ENIL), which operates Radio Mirchi and audio streaming platform Gaana, reported consolidated revenue of Rs 113 crore during June quarter. Domestic revenue was estimated at Rs 111 crore, while…
Benchmark equity indices ended on a mixed note in the previous trading session, with BSE Sensex outperforming NSE Nifty as buying in heavyweight stocks offset broader caution. The 30-share Sensex climbed 373.76 points, or 0.48%, to settle at 78,954.76 after remaining in positive territory throughout the day. Meanwhile, Nifty 50 traded in a narrow range…
The transaction was timed in a way that it took advantage of the current market situation NEW DELHI: A government department that has an operations room named Kurukshetra is clearly in battle mode. But, the merchant bankers for the LIC stake sale seemed to have missed the signal.While the offer-for-sale had been discussed for more…
According to draft directions issued by the central bank, NBFCs will be barred from offering revolving credit products and will be required to offer only credit facilities in the nature of term loans MUMBAI: RBI has proposed a sweeping overhaul of credit facility norms for non-banking financial companies, mandating a shift to term-loan structures while…
After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P…
