Business

February 4, 2025 10:44 AM

Sensex, Nifty trade in green as US pauses planned tariffs

The domestic benchmark equity indices, Sensex and Nifty were trading in the green today, reflecting gains in Asian markets after the U.S. paused its planned tariffs on Canada and Mexico, alleviating concerns over a global trade war. The BSE Sensex had gained over 659 points or 0.85 per cent at ...

February 4, 2025 7:48 AM

Circulation of ₹2000 notes drops to ₹6,577 crore: RBI

Reserve Bank of India has informed that the total value of 2000 rupee banknotes in circulation dropped to 6,577 crore rupees as of 31st of last month. In a statement, RBI has clarified that 98.15 per cent of the 3.56 lakh crore worth of currency notes in circulation in May 2023 have been returned to...

February 3, 2025 6:01 PM

India’s Digital Boom: Payment Transactions Soar 44% to ₹18,000 Cr

The digital payment transactions in the country have gone up to over 18,000 crore rupees last financial year, registering an annual growth rate of 44 per cent. In a written reply in the Lok Sabha today, Minister of State for Finance, Pankaj Chaudhary said, the Immediate Payment Service and National ...

February 3, 2025 5:34 PM

Benchmark domestic equity indices end in negative territory

Benchmark domestic equity indices ended in negative territory on Monday, mirroring fall in Asian markets amid rising global trade concerns after US President Donald Trump imposed tariffs on Canada, Mexico, and China. The 30-share index at Bombay Stock Exchange, Sensex, shed 319 points, or 0.41 perce...

February 3, 2025 3:52 PM

Coal production expected to increase to 1,533 million tonnes by 2030

Union Minister of Coal and Mines, G. Kishan Reddy said the coal production is expected to increase to 1,533 million tonnes by 2030. Replying to supplementaries in the Rajya Sabha, the Minister highlighted the government’s roadmap to boost domestic coal production for Viksit Bharat 2047. He said, h...

February 3, 2025 3:46 PM

Iron ore production registers growth of 2.5% during April to December

Iron ore production has registered a growth of 2.5 percent during the April to December period of the current financial year. The Ministry of Mines said that the production of iron ore increased to 208 million metric tonnes, compared to 203 million metric tonnes during the same period last financial...

February 3, 2025 10:49 AM

Sensex & Nifty open lower, tracking weak cues from Asian markets

The domestic benchmark equity indices, Sensex and Nifty, opened lower in early trade today, tracking weak cues from Asian markets, as concerns over a broader trade war intensified following tariffs on Canada, Mexico, and China by US President Donald Trump. The BSE Sensex had declined by 69...

February 2, 2025 7:05 PM

Over 90% taxpayers may embrace new regime with new slabs: CBDT Chairman

The Budget announcement of zero tax for earnings up to 12 lakh rupees per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime, said CBDT Chairman Ravi Agrawal. In a post-Budget interview to a news agency today, h...

February 2, 2025 2:04 PM

GST revenue records 1.95 lakh crore rupee collection in January

Over 1.95 lakh crore rupees in Gross Goods and Services Tax revenue was collected in month of January 2025, witnessing a growth of 12.3 per cent compared to January 2024. The Central GST collection for the month stood at 36 thousand 77 crore rupees and State GST is at 44,942 crore rupees. The Integr...

February 2, 2025 12:41 PM

Finance Minister on Budget 2025 says there is no reduction in public spending on capital expenditure

Finance Minister Nirmala Sitharaman has said that the Union Budget focuses on agriculture, rural prosperity, urban development, and continues to lay emphasis on reforms. Addressing the media in New Delhi yesterday, the Finance Minister said that the Budget says several things about India's path towa...