Business

Marking a transformative leap toward taxpayer-friendly administration, the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, approved a sweeping package of procedural and compliance reforms during its 57th meeting. Following the earlier structural transition to a streamlined rate framework, this session focused entirely on process …

India’s premier information technology exporter, Tata Consultancy Services (TCS), has formally responded to the United States Department of Labor’s directive temporarily freezing participation in the Permanent Labor Certification (PERM) program. In a detailed regulatory filing submitted to stock exchanges, the Mumbai-headquartered tech bellwether clarified that it will strictly comply with …

Indian equity benchmark indices snapped their two-session winning streak on Wednesday, ending firmly in the red after the Reserve Bank of India’s (RBI) Monetary Policy Committee surprised market participants with a 25 basis point repo rate hike. The 30-share BSE Sensex sank 429.11 points, or 0.59 percent, to settle at …

Following the Reserve Bank of India’s (RBI) decision to raise the benchmark repo rate by 25 basis points to 5.50 percent, senior bankers and financial leaders have cautioned that the move will place immediate pressure on retail borrowers and micro, small, and medium enterprises (MSMEs). Because the regulatory regime mandates …

Addressing market concerns surrounding the impending rollout of a Merchant Discount Rate (MDR) on select unified payments, Reserve Bank of India (RBI) Governor Sanjay Malhotra made it clear that levying a modest fee will not derail India’s digital transaction boom. Speaking to reporters at the central bank headquarters in Mumbai …

Demonstrating strong confidence in India’s macroeconomic fundamentals, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced an upbeat 7.1 percent real GDP growth forecast for the fiscal year 2026–27 (FY27). While affirming that India remains the fastest-growing major economy globally, the central bank simultaneously tightened its official policy …

In a pivotal turn for monetary policy and consumer borrowing costs, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted unanimously to raise the benchmark repo rate by 25 basis points to 5.50 percent. This decision marks the central bank’s first interest rate hike since February 2023, formally …

The World Bank has significantly upgraded India’s economic growth forecast for the fiscal year 2026-27 (FY27) to 7.1 per cent, marking a sharp 50-basis-point increase from its earlier estimate of 6.6 per cent. In its latest regional economic update released on Tuesday, the multilateral development lender highlighted that the Indian …

India’s automobile retail sector witnessed historic growth in September, recording a massive 31.82 per cent year-on-year surge to touch an all-time monthly high of 25,36,920 units. Data released by the Federation of Automobile Dealers Associations (FADA) confirms that vehicle registrations outpaced the 19.24 lakh units clocked during the same month …

Gold rates witnessed a slight downward revision across major Indian bullion markets on Tuesday, October 6, offering brief respite to retail buyers ahead of peak festive demand. The yellow metal recorded modest dips in key trading hubs, influenced by shifting international spot cues, fluctuating US Treasury yields, and localized currency …