After delivering 25 bps hike in repo rate, RBI to change its stance

Chennai (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to change its stance after taking a guard against inflation by delivering a 25 basis points (bps) hike in the repo rate on April 6, said economists.

World Bank cuts India's GDP growth to 6.3% for 2023-24

New Delhi (IANS) India's GDP is expected to slide down to 6.3 per cent in 2023-24 as against its earlier estimate of 6.6 per cent, mainly due to consumption falling owing to higher borrowing costs, according to a World Bank report released on…

Oil prices surge after surprise cuts in production

London (IANS) Oil prices have surged after several of the world's largest oil exporters announced surprise cuts in production.

The price of Brent crude oil was trading above $84 a barrel in Asia after jumping by more than $4, or 5 per cent,…

AI introduces new in-flight F&B menu for int'l flights, includes premium brands of spirits

New Delhi (IANS) Air India has introduced a refreshed in-flight food and beverages menu across cabins on all international flights.

Air India's First and Business Class customers who follow the vegan lifestyle will now be able to choose…

Gross direct tax collections for 2022-23 rise 20% to Rs 19.68L cr

New Delhi (IANS) Gross direct tax collections (provisional) for 2022-23 stand at Rs 19.68 lakh crore, registering a growth of 20.33 per cent, according to figures released by the Finance Ministry on Monday.

Direct tax collections (provisional)…

Sentiment and momentum favour the bulls in a truncated week

The week gone by had all the emotions one could think of. It had drama, expectation, new vigour, a desire to do something and above all momentum.

What one saw on Friday was a combination of the first day of the new financial year, a renewed…

Healthtech firm CoverMyMeds to lay off over 800 workers

San Francisco (IANS) US-based health technology company CoverMyMeds has announced to lay off about 815 employees amid tough macroeconomic conditions, the media reported.

The company also said to shut its Scottsdale office in the US, which houses…

Tech spending in India poised to grow by 9.6% this year

New Delhi (IANS) Tech spending in India is poised to grow by 9.6 per cent this year and the IT spending growth is set to regain pre-pandemic levels, with 2024 expected to be even better, a report has shown.

The Indian economy is poised for…

GST collection in March rises to over Rs 1.60 lakh crore

New Delhi (IANS) Recording a growth, the gross GST revenue in March rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.

"The Gross GST revenue of Rs 1,60,122 crore comprise CGST of Rs 29,546 crore, SGST of…

Aadhaar authenticated transactions jump over 13% to cross 226 crore

New Delhi (IANS) Aadhaar authenticated transactions in February jumped over 13 per cent over last month to cross 226 crore, the UIDAI said, noting that there is growing adoption and usage of Aadhaar across sectors in India.

In February alone,…