BUSINESS
Tax Refunds Exceed Rs 2 Lakh Crore in FY25
The government data said the direct tax collection in the current financial year, from April 1 till September 17, stood at Rs 9.95 lakh crore with a rise of 16.12% as compared to the same period last year.
India Rises from 10th to 5th Largest Economy Between 2014 and 2019: Puri
The hydrocarbon trade between the two countries has reached $13.6 billion in 2023-24 -- nearly double the figure from 2018-19, Puri said at a roundtable with energy companies.
US Fed Rate Hike Factored In, Limited Impact on India: Chief Economic Advisor
The cut follows expectations of a smaller reduction and marks a shift after the Fed held rates at a two-decade high for 14 months. Economic Affairs Secretary Ajay Seth also noted that the move is unlikely to significantly impact foreign inflows into India, emphasizing that market behaviors in other economies should be considered as well.
Sensex, Nifty Hit All-Time High After US Fed Announces Rate Cut
Banking stocks led the markets. Nifty Bank surged by 468 points or 0.89 per cent at 53,246.
NITI CEO: Indian Economy Has Potential to Double by 2030
Speaking at an event organised by the Public Affairs Forum of India (PAFI), Subrahmanyam said climate change could be turned into an opportunity for India to emerge as a leader in climate technology.
LIC Increases Stake in Biocon to 5.02%
Earlier, LIC had a stake of 4.98 per cent in the pharma company.
India Reports 5.35% Growth in Exports, Reaching $328.86 Billion from April to August
For the April-August 2024 period, merchandise exports were recorded at $178.68 billion. This was a slight improvement over $176.67 billion in the corresponding period last year, growing by a positive 1.14%.
Sensex and Nifty Remain Flat Amidst Mixed Global Cues
The midcap and smallcap stocks saw marginal selling. The Nifty midcap 100 index dipped 51 points or 0.08 per cent to 60,208, whereas the Nifty smallcap 100 index dropped 58 points or 0.30 per cent to 19,478.
Buchs putting out facts contradicting Congress allegations, Says Sitharaman
When asked about her assessment of the situation involving Madhabi Puri Buch, minister Sitharaman said: "Quite a few of the allegations have been answered… I think the facts will have to be taken on board." That is for the first time that Sitharaman spoke on the issue.
India becoming a major stakeholder in global supply chain, Says PM Modi
Inaugurating the Tuticorin International Container Terminal in Tamil Nadu virtually, PM Modi said that it was more than Rs 7,000 crore being invested by the country for developing an Outer Harbour Container Terminal and the VO Chidambaranar Port, which was known as Tuticorin Port, continues to expand in its handling capacity.
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