India’s growth is supported by strong momentum in private consumption and services activity. (AI image) The International Monetary Fund (IMF) on Wednesday marginally lowered the growth projections for India to 6.4% from 6.5% earlier as part of its World Economic Outlook update for the current year. However, it raised the GDP growth projections for the … Read more
What are the common mistakes that can lead to tax department queries or notices? (AI image) ITR filing FY 2025-26: Filing your income tax return (ITR) accurately is the first step to ensuring compliance. Any errors can invite questions from the Income tax Department, which may eventually lead to a tax notice as well. The … Read more
India’s credit card market has expanded sharply over the past decade, but is yet to touch its potential, with only !According to a report by TransUnion CIBIL, credit cards continue to have limited reach, with only one in four credit-active consumers holding one.The credit information company’s managing director and chief executive, Bhavesh Jain, said that … Read more
New EPFO portal goes live!The Employees’ Provident Fund Organisation (EPFO) completed the migration of all member records to a centralised database on Wednesday, restoring online services for members and employers.The large-scale database consolidation and software upgrade, shifts member records from a decentralised architecture to a centralised database. According to Union labour and employment minister Mansukh … Read more
Investor sentiment turned sharply negative after US President Donald Trump announced that the ceasefire arrangement with Iran had collapsed. (AI image) Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, crashed in trade on Wednesday as fresh tensions between the US and Iran sent crude oil prices soaring. Both the benchmarks … Read more
E85, a blend containing 85% ethanol and 15% petrol, also requires flex-fuel vehicles. (AI image) Even as the country debates the impact of E20 petrol on cars and mileage, oil marketing companies (OMCs) are reluctant to undertake a large-scale rollout of E85 fuel outlets. This comes on the back of an earlier experience with E100 … Read more
The Indian government has urged the USTR to withdraw its proposal to levy the additional 12.5% tariff. (AI image) The Donald Trump administration’s Section 301 probe and threat of fresh tariffs has added a layer of uncertainty for several countries including India.The United States Trade Representative (USTR) has advanced one of its two investigations into … Read more
Rupee began Wednesday on a weak note against the US dollar, surrendering gains it made in the previous session. The currency began the day at 95.15 in the interbank foreign exchange market and slipped to 95.16 in early trade, a decline of 20 paise from its previous close of 94.96 against the greenback. On Tuesday, … Read more
Gold price today: Yellow metal fell Rs 1,400 in previous session Gold prices have recorded a steep decline in the domestic market, with the price of 99.9% purity gold falling by Rs 1,400 to Rs 1,49,250 per 10 grams from the previous session. Silver also moved lower, shedding Rs 200 to Rs 2,39,800 per kilogram … Read more
Stock market today: Oil climbs, Asian markets steady as investors assess fresh Middle East tensions Global markets opened Wednesday on a cautious note as renewed geopolitical tensions in the Middle East pushed oil prices higher, while Asian equities showed resilience after an initial bout of volatility. The MSCI Asia Pacific Index was little changed after … Read more