GST officers detect Rs 1.95 trillion tax evasion in Apr-Jan FY25
Mar 10, 2025, at 05:34 pm
New Delhi: Central GST officers uncovered tax evasion amounting to Rs 1.95 trillion in 25,397 cases during the April-January period of the current fiscal, Parliament was informed on Monday.
Vikram Solar to set up 1gwh solid-state battery manufacturing facility, expand BESS portfolio
Mar 10, 2025, at 05:28 pm
Kolkata: Solar photo-voltaic module manufacturer Vikram Solar plans to setup a 1GWh fully integrated solid-state cell and battery manufacturing facility with proprietary Battery Management System (BMS) technology.
Volvo Car India launches its flagship SUV XC90 with feature upgrades in Kolkata
Mar 09, 2025, at 10:52 pm
Kolkata: Volvo Car India unveiled the new XC90 at SPL Volvo dealership in Kolkata on Friday.
RBI's aggressive cash infusions ease India's liquidity deficit from 15-yr high
Mar 09, 2025, at 10:21 pm
New Delhi: India is on track to bridge one of its worst liquidity deficits in the financial system, aided by the Reserve Bank of India's (RBI) proactive steps to infuse cash, Bloomberg reported.
Trump establishes strategic Bitcoin reserve using seized govt assets
Mar 09, 2025, at 07:26 pm
Washington: U.S. President Donald Trump has signed an executive order to create a strategic reserve of cryptocurrencies, specifically Bitcoin, using assets already owned by the government through criminal or civil asset forfeitures, dashing hopes for a direct government purchase of new tokens, Reuters reported.
BlackRock sees India as a key investment destination, advises higher allocation in portfolios
Mar 09, 2025, at 05:47 pm
BlackRock Investment Institute has reaffirmed its positive stance on India as a major investment destination despite near-term market volatility. According to Vivek Paul, Senior Portfolio Strategist at BlackRock, India offers robust structural growth opportunities, positioning it as a long-term winner in the global investment landscape.
Blue Star expands commercial refrigeration portfolio for summer 2025, covers diverse industries
Mar 09, 2025, at 04:27 pm
Kolkata/IBNS: Blue Star Ltd on Saturday announced expansion in its commercial refrigeration business with a wide range of products for the summer of 2025.
Mar 07, 2025, at 03:22 pm
Visakhapatnam/IBNS: Union Finance Minister Nirmala Sitharaman on Thursday said India will prioritise its interest and negotiate with the United States on trade related issues in the backdrop of Donald Trump's announcement of reciprocal tariffs for all countries.
How Mutual Fund Distributors Empower and Educate Investors: A Path to Financial Literacy
Mar 06, 2025, at 12:38 pm
New Delhi [India], March 5: Financial Literacy is the foundation of sound financial decision-making. Financial literacy means having the knowledge and understanding of various financial aspects of money management such as saving, budgeting, debt management and investing. Among these, investing is a crucial component of financial literacy essential for achieving long term financial goals and financial independence. However, for many, investing can be overwhelming especially with the wide array of financial products available. This is where Mutual Fund Distributors (MFDs) play a crucial role.
Are Instant Credit Cards Safe for Online Shopping?
Mar 06, 2025, at 11:55 am
Online shopping has never been more convenient, thanks to one-click purchases and instant Credit Cards. These cards are like virtual wallets, just a click away. But with all this convenience comes a big concern: Are instant Credit Cards really secure?
New income tax bill grants officials sweeping powers to access emails, social media, digital assets
Mar 05, 2025, at 04:51 pm
New Delhi: The recently proposed Income Tax Bill, 2025, has drawn attention not just for its aim to simplify tax laws but for a provision granting tax authorities extensive investigative powers, media reports said.
How to Understand Wealth Management Benefits
Mar 05, 2025, at 11:58 am
Planning for the future can seem challenging, regardless of the size of your wealth corpus. Whether it's managing your earnings from investments or planning how to safeguard an inheritance windfall, wealth management can be beneficial in various instances. Wealth management is defined as a comprehensive practice of strategically managing various aspects of an individual’s financial life including investments, taxes, estates, and more. This article offers a guide on understanding wealth management benefits to help you better plan your future.
Advantages of Short-Term Fixed Deposit Investing Over Long-Term
Mar 05, 2025, at 11:48 am
Introduction Fixed Deposits (FDs) are one of the most preferred investment options for individuals seeking safe and assured returns. However, choosing between short-term and long-term FDs can be challenging. While long-term FDs offer stability, short-term FDs provide better flexibility, higher liquidity, and adaptability to changing interest rates.
Sensex drops 96 points at 72, 989, Nifty plunges 36 points
Mar 04, 2025, at 06:07 pm
The Indian market extended loss for the third straight session with the BSE Sensex dropping 96.01 points to settle at 72,989.93 as selling pressure was seen in Auto, IT and Technology stocks.
Sudarshan Chemical completes acquisition of Heubach Group
Mar 04, 2025, at 04:39 pm
Sudarshan Chemical Industries Limited announced that through its wholly owned subsidiary Sudarshan Europe B.V., it has completed its previously announced acquisition of Germany-based Heubach Group in a combination of an asset and share deal.
Mar 04, 2025, at 12:30 pm
Washington DC: China is set to impose additional tariffs of 10-15% on certain US imports starting March 10, the Chinese Ministry of Finance announced, media reports said.
Indian market begins proceedings in red, Sensex opens 350 points below
Mar 04, 2025, at 09:53 am
The Indian market began Tuesday's proceedings in the red amid US President Donald Trump's tariffs announcement, which caused a global market meltdown.
Madhabi Puri Buch, others get relief as Bombay HC stays Sessions Court's FIR order
Mar 03, 2025, at 01:36 pm
Mumbai: The Bombay High Court on Monday directed the Maharashtra Anti-Corruption Bureau (ACB) to hold off on executing a Mumbai Sessions Court order that instructed it to register an FIR against former Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and Bombay Stock Exchange (BSE) officials over allegations of market manipulation and corporate fraud, media reports said.
India’s retail market to exceed Rs 190 lakh crore by 2034, driven by diverse consumer trends
Mar 02, 2025, at 07:40 pm
New Delhi: India’s retail market is projected to surpass Rs 190 lakh crore by 2034, up from Rs 82 lakh crore in 2024, reflecting an 8.9% annual growth over the past decade, according to a report by BCG and the Retailers Association of India (RAI), The Economic Times report said.
Solar Industries secures Rs 2,150 cr defence export order, to deliver over six years
Mar 02, 2025, at 06:08 pm
Mumbai: Defence equipment manufacturer Solar Industries India Limited has secured an international defence supply export order worth Rs 2,150 crore, according to its exchange filing on February 28, reported Live Mint.
Mumbai court orders FIR against ex-SEBI chief, BSE officials over alleged stock market fraud
Mar 02, 2025, at 06:00 pm
Mumbai: A special Anti-Corruption court in Mumbai on Saturday directed the registration of an FIR against top officials of the Securities and Exchange Board of India (SEBI), including former Chairperson Madhabi Puri Buch, as well as the Bombay Stock Exchange (BSE), over allegations of stock market fraud and regulatory violations, media reports said.
India eyes over 20% ethanol blending as push for cleaner energy gains momentum
Mar 02, 2025, at 05:25 pm
India is set to increase its ethanol blending target beyond 20% in a move that could significantly cut carbon emissions and reduce dependence on fossil fuel imports, Petroleum Minister Hardeep S Puri has said, PTI reported.
AI investment in India to outpace digital tech spending, drive $115 billion impact by 2027: Report
Mar 02, 2025, at 04:37 pm
New Delhi: Artificial Intelligence (AI) investment in India is projected to grow at 2.2 times the rate of overall digital technology spending over the next three years, generating an economic impact exceeding $115 billion by 2027, Times Now reported, citing a recent International Data Corporation (IDC) report.
NSE Indices unveils Nifty India Internet & E-Commerce Index to track digital economy stocks
Mar 02, 2025, at 03:53 pm
Mumbai: NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced the Nifty India Internet & E-Commerce Index, a thematic benchmark designed to track companies primarily operating through online platforms, reported Moneycontrol.
Adani Group revives US investment plans despite $265 million bribery case: Report
Mar 02, 2025, at 03:00 pm
New York: The Adani Group is ready to invest big in the United States despite a $265 million bribery case pending in a New York court, media reports said.
'Whether 80 or 90 hr-week, Indians must work hard': Ex-NITI Aayog CEO Amitabh Kant
Mar 01, 2025, at 10:42 pm
New Delhi: India’s G20 Sherpa Amitabh Kant has weighed in on the work-life balance debate, asserting that India's ambition to become a $30 trillion economy demands a strong work ethic over a focus on leisure, media reports said.
Mar 01, 2025, at 12:00 am
New Delhi: Chief Economic Advisor V. Anantha Nageswaran has urged India's private sector to increase domestic investments as companies continue to expand abroad despite global uncertainties, according to a Mint report.
Citibank mistakenly transfers $81 trillion to customer instead of $280, transaction within hours
Feb 28, 2025, at 11:09 pm
Citibank mistakenly transferred $81 trillion (over Rs 7,000 lakh crore) to a client instead of $280 (approximately Rs 24,500) in April last year, Financial Times reported. The error was corrected within hours.
EPFO retains 8.25% interest rate on provident fund deposits for 2024-25
Feb 28, 2025, at 10:32 pm
New Delhi: The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees' provident fund (EPF) deposits at 8.25% for the 2024-25 financial year, sources said on Friday.
India, EU set year-end deadline for free trade deal amid US tariff concerns
Feb 28, 2025, at 10:02 pm
New Delhi: India and the European Union (EU) have agreed to finalise a long-pending free trade agreement by the end of this year, marking the first time both sides have committed to a deadline for the negotiations, media reports said.