Business

August 11, 2026 6:21 PM

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Fitch affirms India’s sovereign rating at BBB with stable outlook

  Global ratings agency Fitch Ratings has affirmed India's sovereign rating at 'BBB-' with a stable outlook, citing robust growth prospects, improving macroeconomic stability and strong external finances.    Fitch said in a note that India's economy remains strong, despite headwinds from the energy ...

August 11, 2026 3:51 PM

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Equity mutual funds inflow down by 15%, marginal increase in SIP in July

  Inflows into the Indian Inflows into the Indian equity mutual funds fell by 14.8 per cent to 24,697 crore rupees in July, fell by 14.8 per cent to 24,697 crore rupees in July, compared with 28,973 crore rupees in June. According to data released by the Association of Mutual Funds in India (AMFI), ...

August 11, 2026 11:18 AM

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Parliament passes Taxation and Other Laws (Amendment) Bill, 2026

Parliament has passed the Taxation and Other Laws (Amendment) Bill, 2026, after the Rajya Sabha returned the Money Bill to the Lok Sabha following discussion. The Lok Sabha had earlier passed the Bill, which was then sent to the Rajya Sabha for discussion. Since it is a Money Bill, the Rajya Sabha c...

August 10, 2026 9:23 PM

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Marginal rise in urban unemployment rate for 15 yrs+ in 1st qrt of this fiscal

  India’s urban unemployment rate (UR) for persons aged 15 years and above rose marginally to 6.7 per cent during the April to June quarter of current fiscal year, from 6.6 per cent in the previous quarter. According to Ministry of Statistics and Programme Implementation (MoSPI) periodic labour forc...

August 10, 2026 5:45 PM

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Oil prices up amid signals of not reopening of Strait of Hormuz

 Global crude oil prices edged higher today as Iranian Foreign Ministry spokesperson Esmaeil Baqaei said that the Strait of Hormuz will not reopen until the US continues its naval blockade against Iran. Brent crude was trading 1.4 per cent up at 84 US dollars and 72 cents per barrel in intra-day tra...

August 10, 2026 3:58 PM

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Physical Challans Dispensed with for Voluntary Duty Payments

Directorate General of Foreign Trade (DGFT) has removed the requirement of submitting physical duty payment challans while applying for Export Obligation Discharge Certificates (EODC) under the Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) Schemes. The Commerce and Industry Mi...