New Delhi, Aug 14 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday.
New Delhi, Aug 14 (IANS) The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said.
Mumbai, Aug 14 (IANS) Amara Raja Energy and Mobility Limited on Thursday reported a 34 per cent drop in its consolidated net profit for the April–June quarter (Q1 FY26), as profit after tax (PAT) stood at Rs 165 crore, compared to Rs 249 crore in the same period previous fiscal (Q1 FY25).
New Delhi, Aug 14 (IANS) Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day.
New Delhi, Aug 14 (IANS) The fall in India’s wholesale inflation will boost domestic demand despite global economic uncertainties, industry body PHDCCI said on Thursday.
New Delhi, Aug 14 (IANS) HDFC Bank on Wednesday clarified that the bank has not raised the Average Monthly Balance (AMB) for savings accounts, denying reports suggesting that new account holders in metro or urban branches would need to maintain an average AMB of Rs 25,000.
New Delhi, Aug 14 (IANS) As Southeast Asia emerges as a transformative critical player in the global semiconductor and rare earth mineral industries, India can play a significant role amid the reshaping of the world trade and supply chain order as US tariff tensions escalate.
Mumbai, Aug 14 (IANS) Even as foreign institutional investors (FII) continue to sell Indian equities, the stock markets are holding strong due to significant buying from domestic institutional investors (DIIs) and retail investors.
Mumbai, Aug 14 (IANS) Ashok Leyland on Thursday reported a sharp sequential drop in its consolidated net profit for the April–June quarter (Q1 FY26), with earnings falling 47.21 per cent to Rs 657.72 crore from Rs 1,245.92 crore in the previous quarter (Q4 FY25).
New Delhi, Aug 14 (IANS) India's annual rate of inflation based on the Wholesale Price Index (WPI) fell further in the negative zone to a two-year low of (-) 0.58 in July this year, compared to the same month of the previous year -- primarily due to a decrease in the prices of food articles and fuels such as petrol, diesel and natural gas, according to data released by the Commerce and Industry Ministry on Thursday.
