The sharp fall in domestic equities comes as crude oil prices...
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Over 28 crore Jan Dhan accounts held by women: Sitharaman
Finance Minister Nirmala Sitharaman “When women gain financial...
Next frontier:Unlocking women’s financial adoption in India
With 75 million working women poised to unlock an Rs2.8 lakh crore...
China allows insurers to invest in gold for first time
The shift in policy in China could be a signal that authorities recognize the dearth of investment options in Asia’s largest economy, and the need for alternatives amid a property downturn and an economic slump. It would translate into a potential 200 billion yuan...
New Income Tax Bill set to be tabled in Parliament next week
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget...
FPIs’ exit continues; withdraw Rs 7,300 cr from equities in a week
Himanshu Srivastava, Associate Director-Manager Research, Morningstar Investment Research India, said that a key driver of the outflow was global trade tensions, as the United States imposed tariffs on countries including Canada, Mexico, and China, heightening fears...
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The potential rate cut is coming after the domestic rate-setting panel has kept the policy repo rate unchanged for the last 11 consecutive meetings -- after raising it by 250 bps between May 2022 and February 2023 New Delhi: The Reserve Bank of India (RBI), in all...
Govt reviewing crypto position due to global changes, senior official says
"More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again," India's Economic...
90% or more taxpayers may shift to new regime with new slabs announced in Budget: CBDT Chairman
Ravi Agrawal,Chairman, CBDT As per current data, about 74-75 per cent of individual taxpayers have moved to the new tax regime that was brought in by the government a few years back New Delhi: The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum...
Budget 2025: No income tax payable on income up to Rs 12 lakh
Finance Minister Nirmala Sitharaman In the new tax regime, the revised tax rate structure is Rs 0-4 lakh (zero tax), Rs 4-8 lakh (5 per cent), Rs 8-12 lakh (10 per cent), Rs 12-16 lakh (15 per cent), Rs 16-20 lakh (20 per cent), Rs 20-24 lakh (25 per cent), and above...
Tata AIA Life launches Shubh Muhurat
Tata AIA Life Insurance has launched Shubh Muhurat, a life insurance solution designed to help Indian families financially prepare for weddings, a major cultural and social milestone. This plan offers capital guarantee with equity exposure, long-term wealth growth,...
World’s richest people lose $108 bn after tech startup DeepSeek selloff
DeepSeek’s dark-horse entry into the AI race, which it says cost just $5.6 million to develop, is a challenge to Silicon Valley’s narrative that massive capital spending is essential to developing the strongest models. That delivered a serious blow to billionaires...