RBI may cut repo rate only in Q3 FY25: SBI economist

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).

In a research report, Soumya Kanti Ghosh,…

Surge in GST collections across states paves way for stable growth ahead

New Delhi (IANS) The surge in GST collections which have crossed the Rs 2 lakh crore mark for 2023-24 reflects the strength of the Indian economy across sectors and regions of the country and augurs well for keeping the fiscal deficit in check going…

Finance Ministry refutes misinformation on social media over income tax regime

New Delhi (IANS) The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.

"It has come to notice that misleading information…

Integral Coach Factory rolled out 2,829 coaches, including 51 Vande Bharat trains, in FY24

Chennai (IANS) The city-based Integral Coach Factory (ICF) that manufactures railway coaches, Vande Bharat trains, and others, rolled out 2,829 railway coaches in FY24, up from 2,702 coaches produced in FY23.

This year’s outturn of ICF marks…

Indian indices on strong footing at onset of new financial year

New Delhi (IANS) The Indian market was on a strong footing at the onset of the new financial year on Monday.

At close on Monday, the Nifty was up 135.10 points, or 0.61 per cent, at 22,462, while the Sensex was up 363.20 points, or 0.49 per…

Small cap stocks surged 63 pc in FY24

New Delhi (IANS) FY24 marked a rewarding period for the Indian market. Large caps recorded a substantial 33 per cent return, midcaps surged by 56 per cent, and small caps excelled with an impressive 63 per cent, as indicated by the respective broad…

Indian Oil ropes in Panasonic for manufacturing cylindrical lithium-ion cells in India

New Delhi (IANS) Indian Oil Corporation Limited and Japan's Panasonic Energy Co. Ltd., a Panasonic Group company, have signed a binding term sheet to form a JV for manufacturing cylindrical lithium-ion cells in India for two-and three-wheel vehicles…

‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers'

New Delhi (IANS) The resilience of the Indian stock market and the improving macros of the Indian economy forced the foreign portfolio investors (FPIs) to turn buyers in India, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Centre issues order on wheat stock declaration by traders to keep prices in check

New Delhi (IANS) In order to prevent hoarding and speculation by unscrupulous elements, the Central government on Friday announced that all retail and wholesale traders of wheat in the country will have to declare their stock position on the official…

Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24

New Delhi (IANS) The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23),…