Indian shares are expected to open marginally higher on September 1 after data showed the economy grew a stronger-than-expected 7.8% year-on-year in the April-June quarter, helped by robust investment, manufacturing and consumer demand. GIFT Nifty futures pointed to a positive start for the Nifty 50, which closed at a one-month low of 24,080.4 on August…
Rupee jumps 26 paise against US dollar Rupee began Tuesday on a strong note, rising 26 paise to 94.96 against the US dollar in early trade, supported by robust domestic economic growth, containing fiscal slippage and portfolio-related inflows.Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. MSCI-related inflows…
PM Modi hailed India’s 7.8% GDP growth, says youth dreams need sustained effort NEW DELHI: Prime Minister Narendra Modi on Tuesday urged Indians to embrace the ‘vocal for local’ mantra, asking people to avoid foreign holidays, hosting weddings abroad and buying gold unless necessary, while hailing the country’s robust GDP growth. He linked the appeal…
The government collected Rs 1,99,853 crore in gross GST revenue during August. NEW DELHI: The gross Goods and Services Tax (GST) revenue rose 14.8 per cent year-on-year to Rs 1,99,853 crore in August 2026, according to provisional government data released on Tuesday.Net GST revenue for the month, after refunds, increased 8.3 per cent year-on-year to…
Centre expands Rs 35/kg sale to 19 cities amid supply concerns The Centre has widened its discounted onion sale to 19 cities, offering onions at Rs 35 per kg as prices rise following crop damage caused by rains in recent weeks.Delhi is among the cities covered by the intervention, with the Centre set to provide…
Over time, the interest earned on the accumulated balance earns interest, allowing compounding to steadily increase your retirement savings. Being a crorepati and accumulating a corpus of over Rs 1 crore is often a financial goal for money. But when you are thinking of SIPs, mutual funds, stock markets, ETFs, gold, silver, one quiet savings…
Digital payments hit a record 24.51 billion transactions in August Unified Payments Interface (UPI) hit a new monthly high in August, with transaction volumes crossing 24 billion for the first time in a month and reaching 24.51 billion, according to data released by the National Payments Corporation of India (NPCI) on Tuesday.The record came as…
India’s GDP grows 7.8% in Q1 War next door. Markets on edge. Commodity prices swinging. Yet India’s growth engine continues to run strong, clocking a 7.8% GDP growth for the April-June quarter.The Q1 numbers for the financial year 2026-2027 are particularly significant as they beat expectations and comfortably exceeded the Reserve Bank of India’s 7%…
NEW DELHI: Centre on Tuesday tightened the stock limit for sugar dealers, reducing it from 4,000 quintals to 2,000 quintals from September 15 to November 30, as it sought to curb hoarding and contain rising retail prices.The food ministry said the existing 4,000-quintal limit would continue in Kolkata and its extended metropolitan areas “considering the…
India’s IT hiring landscape is undergoing a significant change. Layoffs have headlined the global tech landscape for over a year now and the trend continues as the industry faces one its biggest disruptions in recent years. In India too the tech hiring and firing situation is evolving fast.Global tech giant Microsoft has put around 500…
