business

Sensex, Nifty plunge nearly 3% following global market slump and US recession worries

The 30-share BSE Sensex plummeted 2,222.55 points or 2.74% to settle at over a month's low of 78,759.40, marking its worst single-day retreat since June 4, 2024. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5% due to general election results.

Nifty crosses 25,000 for first time, Sensex hit record high

Valued at ₹6,146 crore, Ola Electric to launch largest IPO of year

Colgate-Palmolive receives over ₹200 crore tax notice

Indian EV car owners unhappy, want to go back to fuel vehicles: Survey

A majority of EV car owners want to go back to using petrol or diesel vehicles, according to a survey from Park+, which provides parking solutions in residential and commercial complexes in Indian cities.

Tax clearance certificate to go abroad: Not applicable to everyone, govt clarifies

The Ministry of Finance has said in the Budget that Indians going abroad must get a tax clearance certificate from the Income Tax department. The proposal caused an outrage on social media, following which the ministry has clarified that the rule only applies to those accused of financial irregularities.

Cut in gold customs duty wipes out over ₹10 lakh crore from Indian market

The single-day wipeout, following the announcement in the Union Budget, is being touted as the sixth-largest wealth depreciation ever observed across the world.

FM Nirmala Sitharaman says job schemes introduced in the budget not a mandate, just a nudge to companies

Three employment-linked schemes were announced in the union budget as part of the Prime Minister’s package. These schemes will be based on enrollment in Employees' Provident Fund Organization (EPFO), focus on recognition of first-time employees, and support to employees and employers.

PM Modi hails Economic Survey, says it showcases prevailing strengths of Indian economy, outcomes of various govt reforms

Taking to X, the PM wrote, “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought."

Ahead of union budget 2024-25, Economic Survey forecasts India's GDP growth at 6.5-7% for FY25

The projection in the Economic Survey is a tad lower than the Reserve Bank's growth estimates of 7.2%. However, major global agencies, including the International Monetary Fund (IMF) and Asian Development Bank, have projected the growth at 7%.