Tag Archives: Business news

Analysts anticipate further market recovery, supported by positive FII sentiment and sustained domestic investments. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in opening trade on Thursday. While BSE Sensex rallied over 400 points, Nifty50 crossed the 23,000 mark. At 9:18 AM, BSE Sensex was trading at 75,829.02, up 380 points or 0.50%. …

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. MUMBAI: The Union cabinet on Wednesday approved an incentive scheme to promote low-value BHIM-UPI transactions, focusing on payments made to merchants. The Rs 1,500 crore initiative, running from April 1, 2024, to March …

MUMBAI: RBI net sold $11.1 billion in the spot foreign exchange market in Jan, according to data released on Wednesday. It purchased $49.2 billion and sold $60.3 billion during the month.This was lower than Dec 2024, when RBI bought $54 billion and sold $69 billion, resulting in net sales of $15 billion. From April 2024 to Jan 2025, net sales …

Microsoft Corp, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc, which has an executive on the artificial intelligence startup’s board, are joining forces with one of his chief rivals.Microsoft and BlackRock said on Wednesday that Elon Musk’s xAI is joining their effort to build $30 billion worth of data centers and other artificial intelligence infrastructure. The AI chipmaker …

BENGALURU: The IT sector is trudging in the slow lane, operating at a lacklustre pace. Industry analysts forecast a slower pace of recovery with moderate growth for a longer period, even as the IT sector faces potential challenges stemming from the macro-economic environment and technology transition, increasing risks to revenue growth. This presents a case for a weak multiplier effect, …

MUMBAI: India’s economy continues to display remarkable resilience amid global uncertainty, with growth underpinned by strong agricultural output and recovering consumption, the Reserve Bank of India (RBI) noted in its State of the Economy report.Key sectors – including agriculture, construction, financial services, and trade – remain buoyant. The country is benefitting from easing inflation, robust tax revenues, and sustained strength …

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, LIC Housing Finance, Bank of Baroda and UPL are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for March 20, 2025:Index View: NiftyThe index is …

MUMBAI: In a significant decision, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, distinguished between a legal owner (an individual whose name is merely added on purchase of a property, say a spouse or brother) and a beneficial owner (to whom it actually belongs).The ITAT emphasized that merely having a name on a property title does not necessarily confer ownership …

Fitch expects India’s GDP growth to strengthen further in the last quarter of FY25. (AI image) The Indian economy is ‘somewhat insulated’ from the impact of high US tariffs, Fitch has said in its latest Global Economic Outlook report. Fitch sees the Indian economy growing at 6.5% in the upcoming financial year, with a slight slow down in the subsequent …

Chhatrapati Shivaji Maharaj International Airport plans to invest approximately ₹10,000 crore in infrastructure enhancement. From May onwards, travellers departing from Mumbai airport could face increased charges as the Adani-operated facility has suggested implementing a ₹325 fee for domestic flights and raising international passenger charges to ₹650.The overall financial burden on passengers might be reduced as the airport authorities have proposed …