India Extends Export Support Measures Amid West Asia Shipping and Trade Uncertainty

The government has extended key export-support measures under the RELIEF and Remission of Duties and Taxes on Exported Products (RoDTEP) schemes as geopolitical tensions and logistics disruptions in West Asia continue to create uncertainty for Indian…

India’s gross GST revenue rises 14.7% to Rs 2.04 lakh crore in September

India’s gross Goods and Services Tax (GST) collections rose 14.7 per cent year-on-year to nearly Rs 2.04 lakh crore in September, marking the third consecutive month in which monthly receipts remained above the Rs 2 lakh crore mark, according…

New Rules From October 1 and 15: LPG, SBI ATM, NPS and UPI Changes Explained

Several changes affecting household expenses, banking, taxation, savings and digital payments are set to take effect in October, with some rules coming into force from October 1 and others from October 15.

Here is a breakdown of the key changes…

Manufacturing growth accelerates in India as exports and investment cycle gain momentum

India’s manufacturing sector is expected to maintain its momentum in the coming months, supported by resilient exports and a strengthening investment cycle, although weaker rural demand due to below-normal monsoon conditions could pose a challenge,…

Stock market crash: Sensex loses 1,124 points, Nifty settles below 22,800

Indian equity markets came under heavy selling pressure on Monday, with the Sensex plunging more than 1,100 points as rising crude oil prices, geopolitical uncertainty, higher global bond yields and continued foreign fund outflows weighed on investor…

CAIT rejects reports backing October 2 ‘No UPI Day’ amid MDR debate

The Confederation of All India Traders (CAIT) has distanced itself from reports of a proposed nationwide “No UPI Day” on October 2, making it clear that the traders’ body has neither called for nor endorsed any such protest.

Credit Card Spending Growth Slows in August as UPI Continues to Dominate Digital Payments

Growth in India's credit card spending remained subdued in August, with the industry facing intensifying competition from UPI and increasing pressure on profitability, even as the number of credit cards in circulation continued to rise.

According…

Rupee could stabilise, strengthen from current levels: RBI Deputy Governor Poonam Gupta

The Indian rupee has significant room to stabilise and potentially strengthen from its current levels, Reserve Bank of India (RBI) Deputy Governor Poonam Gupta said, pointing to improving external-sector fundamentals and the central bank’s ability…

India, OPEC pledge deeper energy cooperation amid global market uncertainty

India and the Organisation of the Petroleum Exporting Countries (OPEC) have agreed to deepen cooperation on energy security, oil market stability and investment, as the two sides held a high-level meeting in New Delhi on Tuesday.

The meeting…

India’s economy could nearly triple in a decade, JPMorgan CEO Jamie Dimon says

JPMorgan Chase CEO Jamie Dimon has said India’s economy could nearly triple in size over the next decade, as the US financial giant plans to significantly expand its research coverage and operations in the country.

Dimon said JPMorgan…