Business News: Economy & Markets

EPFO adds 16.1 lakh members in February as employment rises

IANS | April 21, 2025 4:15 PM

New Delhi, April 21 (IANS) The Employees' Provident Fund Organisation (EPFO) on Monday announced a net addition of 16.10 lakh members in February this year. The year-on-year analysis reveals a growth of 3.99 per cent in net payroll additions compared to the same month last year, reflecting increased employment opportunities and heightened awareness of employee benefits, bolstered by the EPFO's effective outreach initiatives, according to an official statement.

Sensex jumps 855 points, Nifty ends above 24,100; banks, IT lead rally

IANS | April 21, 2025 4:05 PM

Mumbai, April 21 (IANS) The Indian stock market continued its strong rally for the fifth day in a row on Monday, as investors showed heavy buying interest in banking, IT, and auto stocks.

India's leather, footwear exports jump 25 pc to $5.7 billion in FY25

IANS | April 21, 2025 3:06 PM

New Delhi, April 21 (IANS) India's leather and non-leather footwear exports have seen a significant rise of nearly 25 per cent in the 2024-25 financial year (FY25), reaching $5.7 billion, a new report said on Monday.

India close to finalising comprehensive bilateral trade deal with US

IANS | April 21, 2025 2:15 PM

Mumbai, April 21 (IANS) India is close to finalising a comprehensive Bilateral Trade Agreement (BTA) with the US, which is expected to facilitate zero-duty imports under the production-linked incentive (PLI) schemes and enhance bilateral trade, targeted to reach $500 billion by 2030, according to a report released on Monday.

Govt directs Google to remove Chinese app for showing wrong map of India

IANS | April 21, 2025 1:25 PM

New Delhi, April 21 (IANS) The Ministry of Electronics and Information Technology (MeitY), along with the Survey of India (SoI), has directed US tech giant Google to remove the Chinese chat app ‘Ablo’ from its Play Store, as the app is not correct in its depiction of India’s territorial borders.

Alternate investment funds invest Rs 5 lakh crore in India in April-Dec, real estate leads

IANS | April 21, 2025 12:00 PM

Mumbai, April 21 (IANS) The real estate sector in India dominated alternate investment funds’ (AIFs) net investments, with Rs 73,903 crore in the nine months of FY25, a report showed on Monday.

IMF, World Bank see India’s potential as engine of global trade: FM Sitharaman

IANS | April 21, 2025 10:59 AM

San Francisco, April 21 (IANS) Finance Minister Nirmala Sitharaman said on Monday that India has become the fastest-growing economy, driven by the "visionary leadership" of Prime Minister Narendra Modi and the stability provided by a continuing government.