India cuts import duty on high-capacity motorcycles, boost for US brand Harley-Davidson

New Delhi (IANS) In a strong positive signal to the new US administration under President Donald Trump, India has cut import duty on high-capacity motorcycles in the Union Budget 2025-26, which will give a boost to the American brand Harley-Davidson.

Budget impact: Smartphones and EVs to get cheaper; TVs, fabrics to get costlier

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman, presenting the Budget 2025-26 on Saturday, introduced some key changes in basic customs duties (BCDs) that will impact the prices of various goods. 

The budget includes duty exemptions…

Tax booster for middle class: No income tax payable on income up to Rs 12 lakh

New Delhi (IANS) In a big boost to the Indian middle class, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no income tax payable for incomes up to Rs 12 lakh, and Rs 12.75 lakh for salaried taxpayers (including standard…

Eco Survey suggests enhanced deregulation for MSMEs to boost growth

New Delhi (IANS) Faster economic growth is only possible if the Union and state governments continue to implement reforms that allow small and medium enterprises to operate efficiently and compete cost-effectively, said the Economic Survey 2024 on…

India's 2-wheeler market set to hit new peak next year with 8-10 pc growth

New Delhi (IANS) Following an estimated 12-14 per cent surge this fiscal, the India’s two-wheeler industry is set to grow by another 8-10 per cent in the upcoming year, a report said on Friday. 

The Crisil Ratings report added that it will…

India's mutual fund industry grows over 6 times in last 10 years

Mumbai (IANS) India's asset management industry has witnessed a remarkable growth of more than 6 times in the last 10 years, with its assets under management (AUM) growing to Rs 66.93 lakh crore in December 2024 compared to Rs 10.51 lakh crore…

Inclusion of Indian govt bonds in Bloomberg EM Index from Jan 31 to boost foreign fund inflows

New Delhi (IANS) The inclusion of Indian government bonds in the Bloomberg EM (Emerging Market) Index on January 31 will get further foreign fund inflows from global funds and make it stronger globally, market experts said on Thursday. 

India’s…

Digital payments record double-digit jump year-on-year: RBI

Mumbai (IANS) Digital payments across India recorded a double-digit jump of 11.1 per cent year-on-year (YoY) as on September 2024, according to the Reserve Bank of India's (RBI) index that measures the adoption of online transactions, according…

Cabinet gives approval for launch of Rs 34,300 crore National Critical Mineral Mission

New Delhi (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the launch of the National Critical Mineral Mission with an outlay of Rs 16,300 crore and expected investment of Rs 18,000 crore by public sector undertakings…

Adani Power logs 7.4 pc net profit growth in Q3, revenue up 11 pc

Ahmedabad (IANS) Adani Power on Wednesday reported 7.4 per cent growth in net profit at Rs 2,940 crore in Q3 FY25, compared to Rs 2,738 crore in the same period last fiscal (FY24). 

Consolidated EBITDA for Q3 FY25 was higher by 23 per cent…