Rupee drops 19 paise, closes at 87.37/USD. India’s foreign exchange reserves saw a significant boost, rising by USD 4.758 billion to reach USD 640.479 billion for the week ending February 21, 2025, according to the latest data. This increase marks a continued upward trend in forex reserves, reflecting the stability and strength of India’s external […]
“Adani Group plans ₹30,000 crore Kerala investment” The Adani Group is set to invest ₹30,000 crore in Kerala over the next five years, further strengthening its presence in the state. A significant part of this investment is directed towards the development of the Vizhinjam port, a strategic project aimed at enhancing maritime trade and connectivity.
“Adani Group plans ₹30,000 crore Kerala investment” Read More »
Stock market falls as Trump threatens tariffs. New tariffs on all steel and aluminium imports are set to take effect from Monday (US time), marking a significant escalation in trade restrictions. The initial round of tariffs will impose a 25% duty on steel and aluminium imports from all countries, with additional import duties anticipated later
Budget 2025: No tax up to ₹12L, new slabs In Budget 2025, the government announced a major tax relief, stating that no income tax will be payable on a normal annual income of up to Rs 12 lakh. This move aims to provide financial relief to middle-class taxpayers and boost disposable income. Additionally, revised tax
Economic Survey 2025: 5G rollout boosts India’s connectivity. Economic Survey 2025 LIVE: The Economic Survey projects India’s GDP to grow between 6.3% and 6.8% in the fiscal year 2025-26, reflecting strong economic momentum. The survey highlights key drivers such as robust domestic demand, increased infrastructure investment, and continued expansion in manufacturing and services sectors. Additionally,
Economic Survey 2025: 5G rollout boosts India’s connectivity. Read More »
Telangana secures ₹45,500 crore Sun Petrochemicals investment. Sun Petrochemicals’ planned investment of ₹45,500 crore in Telangana marks a significant milestone for the state’s industrial growth. This ambitious project is poised to create substantial employment opportunities, with over 7,000 jobs expected during the construction phase alone. The investment highlights Telangana’s appeal as a hub for large-scale
Telangana secures ₹45,500 crore Sun Petrochemicals investment. Read More »
GST on Sale of Used Cars Explained. Goods and Services Tax (GST) is applicable on the sale of used cars in India when the selling price exceeds the depreciated value of the vehicle. Under GST rules, if the sale price of the used car is more than the car’s depreciated value, the difference is subject
India’s online pharmacy sector to grow steadily. E-pharmacies in India are increasingly focusing on sustainable growth by diversifying into high-margin segments like wellness products and medical equipment. With the growing demand for convenience and access to healthcare products online, e-pharmacies have emerged as a key player in the Indian pharmaceutical market. The shift toward online
India’s online pharmacy sector to grow steadily. Read More »
Rupee hits all-time low of 85.12. Following the US Federal Reserve’s recent decision, the dollar experienced a significant rally, strengthening against multiple currencies, including the Indian rupee. The decision to maintain or adjust interest rates by the Federal Reserve often has a profound impact on global currency markets. As a result of the Fed’s actions,
Azure whistleblowers allege bribery in Adani scandal. Former Azure executives and Indian business tycoon Gautam Adani have been implicated in an alleged bribery scandal, as revealed in unsealed court documents filed by the US Attorney for the Eastern District of New York and the FBI. The documents outline accusations of corruption and misconduct involving Azure
Azure whistleblowers allege bribery in Adani scandal. Read More »
