Business

July 28, 2024 2:25 PM July 28, 2024 2:25 PM

views 17

Finance Minister slams Karnataka Govt for rising inflation & borrowings

Union Finance Minister Nirmala Sitharaman has strongly hit out at the opposition and the Karnataka State Government for spreading falsehood on tax devolution to the state by the Central Government. Addressing media persons in Bengaluru today, the Finance Minister released data comparing the allocati...

July 28, 2024 2:07 PM July 28, 2024 2:07 PM

views 11

India’s Steel production to surpass 300 million tonnes by 2030

Steel production in India, driven by robust demand for government infrastructure projects, is projected to surpass 300 million tonnes (MT) by 2030, Steel Secretary Nagaendra Nath Sinha said. Addressing the Bharat Chamber of Commerce (BCC) in New Delhi, the senior official said current steel demand r...

July 27, 2024 8:17 PM July 27, 2024 8:17 PM

views 9

Over 5 crore Income Tax Returns filed till July 26

The Income Tax Department has said that over 5 crore Income Tax Returns (ITRs) have been filed for the current assessment year, representing an 8 percent increase from the previous year. In a social media post on Saturday, the department said that it received over 28 lakh ITRs just yesterday.

July 27, 2024 5:21 PM July 27, 2024 5:21 PM

Indian markets hit record highs amid positive global cues

The Indian market continued to make fresh record high in the Budget week ended July 26 led by positive global cues including better-than-expected US GDP data, indicating early rate cut by US Fed. Meanwhile, F&O expiry, Union Budget announcements and mixed earnings from India Inc kept market vola...

July 26, 2024 10:26 PM July 26, 2024 10:26 PM

views 12

RBI issues prompt corrective action framework for UCBs

The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks to give more focus on larger UCBs that require more intensive monitoring by optimal utilisation of supervisory resources. The PCA framework will replace the supervisory action...

July 26, 2024 7:37 PM July 26, 2024 7:37 PM

views 10

India’s foreign exchange reserves surge to all-time high of $670.86b as of July 19

India's foreign exchange (Forex) reserves rose for the third consecutive week to touch a new lifetime high of $670.86 billion as of July 19, according to the latest data released by the RBI on Friday. The reserves surged by $4 billion during the week after increasing by a cumulative of $14.9 billion...