NEW DELHI: GST collections rose 13.9%, fastest pace in eight months, to Rs 1,94,812 crore on sharp growth in the mop-up from imports due to a spike in international prices of crude, fertiliser and other commodities.Latest data showed that in June, for transactions undertaken in May, IGST on imports shot up nearly 35% to over…
Dalal Street ended Thursday on a bright note, with benchmark equity indices Sensex and Nifty closing nearly 1% higher. The momentum was buoyed by a sharp rally in IT stocks and easing crude oil prices as geopolitical tensions showed signs of cooling. The 30-share BSE Sensex gained 579.48 points, or 0.75%, to close at 77,502.12…
BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of…
Foreign investors continued to exit Indian equities for yet another month, with June witnessing withdrawals of Rs 49,340 crore $5.16 billion), as global and domestic factors continued to weigh on investment sentiment.The latest sell-off has pushed cumulative Foreign Portfolio Investor (FPI) outflows from Dalal Street to Rs 2.7 lakh crore in 2026 so far, according…
AI generated image, used only for representational purpose Every next electric vehicle in India will reduce not just petrol usage, but also help cut down the country’s crude oil import bill!According to a recent report by State Bank of India (SBI), the country could save nearly Rs 1 lakh crore if electric vehicles account even…
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. (AI image) ITR filing AY 2026-27: Filing your income tax return (ITR) is an important financial record which should not be missed even if your income falls below the mandatory filing threshold. For salaried taxpayers the last…
India and Japan took their trade and strategic partnership a step further on Thursday, signing a Memorandum of Cooperation (MoC) and reaffirming their commitment to deepen bilateral and global cooperation. The agreements came as Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held the 16th India-Japan Annual Summit at Hyderabad House in New…
Report says OpenAI discussed giving the Trump administration a 5 per cent stake amid growing scrutiny of AI firms OpenAI has reportedly considered giving the Trump administration a 5 per cent stake in the company as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans should share…
The EPF Scheme, 2026 replaces the Employees’ Provident Funds Scheme, 1952. (AI image) For millions of salaried employees in India, the Employees’ Provident Fund (EPF) remains one of the most important financial safety nets. It helps build retirement savings, provides support during emergencies and serves as a long-term social security benefit that continues throughout an…
Sensex Today Live: ‘Technical setup remains positive with a bullish undertone’ “Indian equity markets are expected to open on a positive note, with Gift Nifty trading at 24,205, up by 120 points. However, broader Asian markets are witnessing weakness in early trade, with sharp declines seen across major indices including the Nikkei 225 and KOSPI…
