State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters. State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning…
ITR filing: The choice of form should not be treated as a mechanical carry-forward of the previous year’s position. (AI image) ITR filing FY 2025-26: Any easy mistake to make when filing your income tax return is the form that you choose for ITR. This can especially be the case for salaried taxpayers who can…
The global economy is entering a new era, with globalisation giving way to geo-economic fragmentation. The shift could come at a steep cost, with the World Economic Forum (WEF) warning that a full economic decoupling between the East and the West could wipe out as much as $6.9 trillion from global GDP in 2025-26. The…
Wall Street started the week on a stronger note, with major US indices rebounding after a rare spell of losses as heavyweight technology stocks lifted investor sentiment.The Dow Jones Industrial Average stood at 52,174.42, up 0.58%, while the Nasdaq Composite was at 25,495.20, gaining 0.78%, and the S&P 500 reached 7,390.14, rising 0.49% around 8…
Many consumers are choosing to cash in on their holdings and lock in gains instead. (AI image) Gold selling spree! Fearing that gold prices have peaked out, Indian households are rushing to sell their old gold to cash out before prices fall too much from record highs seen earlier this year. Indian households are increasingly…
The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote the adoption of cleaner technologies in the steel sector as part of efforts to reduce carbon emissions The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote…
Axis Bank on Monday announced that its chief financial officer, Puneet Sharma, has resigned. Sharma, who has led the bank’s finance function since March 2020, stepped down on Sunday, June 28, and will remain with the lender until August 31. During his time at the private sector lender, Sharma served as the group head and…
The 30-share BSE Sensex fell 372.10 points, or 0.48%, to settle at 76,728.37. During the session, it dropped as much as 478.72 points, or 0.62%, to 76,621.75. Benchmark equity indices Sensex and Nifty ended lower on Monday as renewed hostilities between the US and Iran and a rise in global crude oil prices dented investor…
More than a quarter of the country’s nearly 6,000 bond issuers carried AAA ratings at the end of the first quarter, while another 32% were rated AA+, according to the Securities Association of China. In comparison, fewer than 1% of outstanding US corporate bonds carry AAA ratings, Bloomberg data showed. In a move that could…
Concerns over the country’s fiscal outlook intensified after crude oil prices surged amid the conflict in the Middle East. (AI image) US-Iran war impact: India is well positioned to absorb a fiscal deficit that may be more than the current projections this year without putting its investment-grade sovereign rating at risk, according to Moody’s Ratings,…
