So far, global earnings are just good enough to feel disappointing

Earnings have come in about as expected—but after the strong run by world equity markets, ‘about as expected’ seems like a disappointment; higher interest rates that are pinching consumer spending, and underperformance in China’s economy are hitting the bottom lines of U.S. and EU firms

from Business News Today, Latest Finance News | The Hindu

No rethinking on supporting Chinese investments in India: Goyal

Commerce Minister Piyush Goyal confirms no plans to support Chinese FDI despite Economic Survey recommendations

from Business News Today, Latest Finance News | The Hindu

India's gold demand dips 5% to 149.7 tonnes in June quarter on high prices: WGC

Prices during the April-June quarter soared, with the cost of 24-carat gold crossing ₹74,000 per 10 grams.

from Business News Today, Latest Finance News | The Hindu

Rupee remains flat at 83.73 against U.S. dollar in early trade

Forex traders said a decline in crude oil prices supported the rupee but firm dollar overseas restricted gains for the domestic unit

from Business News Today, Latest Finance News | The Hindu

Dr. Reddy’s biosimilar of Roche’s cancer drug gets EMA panel nod

CHMP opinion will be reviewed by the European Commission for grant of marketing authorisation in the EU member countries, EEA member states  

from Business News Today, Latest Finance News | The Hindu

Byju’s insolvency proceedings order: NCLAT Chennai judge recuses himself from hearing appeal

Justice Sharad Kumar Sharma directed for the matter to be placed before NCLAT chairperson for nomination of appropriate Bench for hearing the case

from Business News Today, Latest Finance News | The Hindu

Rupee rises 2 paise to 83.72 against U.S. dollar in early trade

“India’s forex reserves had jumped USD 4 billion to reach an all-time high of USD 670.857 billion for the week ended July 19,” according to the Reserve Bank data

from Business News Today, Latest Finance News | The Hindu

Sensex jumps 416 points to hit new record peak in early trade

The NSE Nifty also surged 145.6 points to hit a fresh lifetime peak of 24,980.4

from Business News Today, Latest Finance News | The Hindu

Are enough formal jobs being created?

What are the schemes announced in the Budget to generate employment? How have economists and experts responded to the proposals? Why has the proportion of salaried workers dropped? Why are wages stagnating? Should there have been more focus on the MSME sector?

from Business News Today, Latest Finance News | The Hindu

State transport corporations should open up to digital ticket buying: redBus CEO

Prakash Sangam, redBus’s chief executive officer, said that State-owned bus operators would gain by making more of their seats available for online booking.

from Business News Today, Latest Finance News | The Hindu

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

from Business News Today, Latest Finance News | The Hindu

ICICI Bank Q1 profit rises 10% to ₹11,696 cr

ICICI had logged a profit of ₹10,636.12 crore in the same period of 2023-24.

from Business News Today, Latest Finance News | The Hindu

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola founder Bhavish Aggarwal will offload 37.9 million shares in the IPO, around 20% lower than estimated in the draft IPO prospectus.

from Business News Today, Latest Finance News | The Hindu

RBI fines Visa for unauthorised payment method

In February, the RBI had ordered the credit card company to stop using an unauthorised route to make some commercial payments

from Business News Today, Latest Finance News | The Hindu

Markets rebound in early trade after five days of slump

The BSE Sensex and NSE Nifty climbed in early trade

from Business News Today, Latest Finance News | The Hindu

Budget 2024-25: A look at the sector-wise allocations in ten charts

Data shows that expenditure as a share of the total budget on infrastructure has increased. In contrast, expenditure on major schemes in the social sectors has either stagnated or declined.

from Business News Today, Latest Finance News | The Hindu

Mankind Pharma to acquire BSV for ₹13,630 crore

““This strategic move marks a significant leap for Mankind Pharma, positioning it as a market leader in the Indian women’s health and fertility drug market,” the company said

from Business News Today, Latest Finance News | The Hindu

Budget 2024: Prioritising inclusivity and fiscal prudence

The Budget shows the government’s approach towards the larger national vision of Viksit Bharat@2047

from Business News Today, Latest Finance News | The Hindu

Budget 2024 — long on intent, short on details

The policy slant highlights good intentions, but the ways and the means to accomplish the ambitious goals set out are hazy

from Business News Today, Latest Finance News | The Hindu

Finance Minister’s assurance on Polavaram gives fresh hopes on future of project

An international design consultant firm, and two individual foreign experts are making an assessment of the damage suffered by the project and are expected to come up with proper solutions

from Business News Today, Latest Finance News | The Hindu

In videos | Budget 2024

from Business News Today, Latest Finance News | The Hindu

Indian shares open higher ahead of Union Budget 2024

The Union Budget is expected to focus on job creation and boosting consumption, which analysts expect will be positive for sectors such as consumer goods, real estate and autos.

from Business News Today, Latest Finance News | The Hindu

Union Budget 2024 LIVE Updates: FM Nirmala Sitharman set to make history with 7th consecutive Budget

The first Budget of the Modi govt. since the NDA came back to power for a third straight term is expected to balance taxpayer relief with measures to maintain fiscal discipline

from Business News Today, Latest Finance News | The Hindu

PhonePe founder and CEO apologises for comments on job reservation draft Bill

Many people had expressed their ire over his opposition to the draft Bill and #UninstallPhonePe trended on X

from Business News Today, Latest Finance News | The Hindu

If not special category, then give us special package: JD(U) demands aid for Bihar ahead of Union Budget

Having diluted its demand for special category status for Bihar, the JD(U) wants the BJP to reciprocate with a financial package; TDP raised ‘legacy issues’ but did not explicitly demand special category status or a package for A.P.

from Business News Today, Latest Finance News | The Hindu

Groundbreaking ceremony for Airbus H125 final assembly line before year-end

First delivery from the FAL expected in 2026, when it will have an annual capacity of 10 helicopters

from Business News Today, Latest Finance News | The Hindu

IOC targets USD 1 trillion revenue by 2047: Chairman

IOC looks to expand oil refining capacity, invest in petrochemical units and increase its focus on gas, biofuels and clean mobility.

from Business News Today, Latest Finance News | The Hindu

FPIs invest ₹30,772 crore in equities so far in July

FPI investments into Indian equities in July are being driven by policy reforms, economic growth and a strong earnings season.

from Business News Today, Latest Finance News | The Hindu

Anticipated allocations around personal taxation from upcoming Budget keeping fiscal deficit in mind

Overall, the upcoming Budget is expected to balance taxpayer relief with measures to maintain fiscal discipline.

from Business News Today, Latest Finance News | The Hindu

Gold loan sector and NBFC reforms needed for true financial inclusion

There is a noticeable sense of anticipation from the honorable Finance Minister to boost the rural economy with higher allocations and push public capex to bring about a greater cyclical recovery.

from Business News Today, Latest Finance News | The Hindu

Budget 2024: JNU, DU hope for increased education funding to boost innovation, entrepreneurship

Delhi University and JNU VCs are hopeful for increased education investment in Budget 2024-25 to boost innovation and entrepreneurship.

from Business News Today, Latest Finance News | The Hindu

Forex reserve jump $9.70 billion to all-time high of $666.85 billion

Forex reserves jumped by $9.699 billion, with increase in foreign currency assets and gold reserves

from Business News Today, Latest Finance News | The Hindu

H. Shankar assumes additional charge as CPCL MD

from Business News Today, Latest Finance News | The Hindu

The steam engine of today: elevating India’s capital goods for a global electronics revolution

To seize this moment, we must harness the same spirit of innovation that fuelled the Industrial Revolution

from Business News Today, Latest Finance News | The Hindu

Paytm Q1 loss widens to ₹ 840 crore

The company had posted a loss of ₹358.4 crore in the same period a year ago, according to a regulatory filing by the company

from Business News Today, Latest Finance News | The Hindu

Logistics industry's Budget wishlist: Ease of doing business, incentives for green initiatives

From adopting digital processes to the emphasis on infrastructure development, the logic industry wants the Union Budget 2024025 to address the core issues.

from Business News Today, Latest Finance News | The Hindu

Sensex, Nifty decline after hitting fresh record high levels in opening trade

The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and declined 167 points.

from Business News Today, Latest Finance News | The Hindu

Tax administration must be smoothened for capital markets growth

In the last four years, the retail investor base has expanded from 40 million to 163 million, with projections suggesting it could reach 300 million (30 Crore) in the next 3 to 4 year

from Business News Today, Latest Finance News | The Hindu

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally

Chip stocks tumble on China trade worries

from Business News Today, Latest Finance News | The Hindu

Real estate sector pins hope on reforms, incentives

There are persistent challenges that continue to hinder the sector’s full potential 

from Business News Today, Latest Finance News | The Hindu

‘Union Budget must provide tax relief to those in lowest income slab, focus on employment’

from Business News Today, Latest Finance News | The Hindu

Finance Ministry eases procurement rules for scientific research equipment

Scientists have said for years that restrictive rules on the purchase of research equipment had slackened the pace of research productivity

from Business News Today, Latest Finance News | The Hindu

ICAI keen on members harnessing power of AI, launches certificate course

The course is to help them gain a foundational understanding of AI concepts, enhance proficiency in using AI tools relevant to both practitioners and industry professionals.

from Business News Today, Latest Finance News | The Hindu

Indian telecom industry awaits the next frontier in communications through policy reforms

from Business News Today, Latest Finance News | The Hindu

Shivraj Chouhan asks scientists to visit fields, help farmers to use technology

Union Minister Rajiv Ranjan Singh said that if the country does not pay attention to the livestock and fisheries sectors then the sectors may fall down

from Business News Today, Latest Finance News | The Hindu

The Union Budget as litmus test of a rethink or stasis

It remains to be seen whether the Union Budget will address the bread and butter issues that were prominent in the 2024 general election

from Business News Today, Latest Finance News | The Hindu

China’s Communist Party begins ‘Third Plenum’ with focus on slowing economy

Economic growth slowed to 4.7% in the April to June quarter;business owners and investors will be watching to see if the party announces any immediate measures to try to counter a prolonged real estate downturn and persistent malaise that has suppressed China’s post-COVID-19 recovery

from Business News Today, Latest Finance News | The Hindu

Union Budget: Space industry demands tax holidays, PLI scheme

Industry bodies Indian Space Association and Satcom Industry Association have sought greater government expenditure on the space sector in the form of an anchor customer for the nascent private sector

from Business News Today, Latest Finance News | The Hindu

Need a stronger aviation ecosystem to brace for 2X fleet expansion in 5-6 years

Beyond the Budget, the restructuring of Directorate General of Civil Aviation and the Bureau of Civil Aviation Security will be needed to address challenges emerging from disruption in technology and digitisation as well as environmental issues; air navigation services should also be hived off from the AAI to enable corporatisation of air-traffic control allowing for improved access to capital to invest in systems to cope with growing air traffic

from Business News Today, Latest Finance News | The Hindu

India’s exports rise 2.56% to $35.2 billion in June

Exports during April-June this fiscal increased 5.84% to $109.96 billion, and imports grew 7.6% to $172.23 billion

from Business News Today, Latest Finance News | The Hindu

Wholesale price inflation rises to 3.36% in June, highest in 16 months

Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of 9.4% in June

from Business News Today, Latest Finance News | The Hindu

Nifty hits fresh record high in early trade; Sensex climbs 290 points

A rally in global markets added to the optimistic trend in equities

from Business News Today, Latest Finance News | The Hindu

‘Business as usual’: TCS to stop tracking work from office numbers soon

We have come to the point where we believe we are coming back to almost the same levels as we were pre-pandemic times, Milind Lakkad, TCS’ chief of human resources, said

from Business News Today, Latest Finance News | The Hindu

Exports positive in April-June quarter despite global challenges: Goyal

Piyush Goyal also said that growth in the services sector is helping the country's outbound shipments to register positive growth rates

from Business News Today, Latest Finance News | The Hindu

Madhya Pradesh CM woos investors, seeks to double State GDP in 5 years

Chief Minister Mohan Yadav met representatives of business houses in Mumbai and showcased the State’s potential as a big-ticket investment destination for industries

from Business News Today, Latest Finance News | The Hindu

How is India’s hunt for critical minerals going? | Explained

Why are lithium, copper, cobalt, graphite and others essential for the economy’s green transition? In which States have reserves been found? Why have there been hiccups in the auction process? What lies ahead? Which country dominates global supplies?

from Business News Today, Latest Finance News | The Hindu

Boost financing for green projects

Scaling up and achieving 500 GW of fossil fuel-free capacity by 2030 requires a huge increase in the capacities for which RE bids need to be invited

from Business News Today, Latest Finance News | The Hindu

Forward-looking policies helped Karnataka to excel in economic growth: CM

He says the govt. is committed to fostering an environment that nurtures innovation, encourages investment

from Business News Today, Latest Finance News | The Hindu

Net tax receipts up 19.5%, corporate tax share at 36.6%

Personal income tax receipts account for 60% of net collections, growing 21% from last year; corporate tax receipts grew 12.5%; securities transaction tax collections surge 2.3 times on back of rising stock trades

from Business News Today, Latest Finance News | The Hindu

Net tax receipts up 19.5%, corporate tax share at 36.6%

Personal income tax receipts account for 60% of net collections, growing 21% from last year; corporate tax receipts grew 12.5%; securities transaction tax collections surge 2.3 times on back of rising stock trades

from Business News Today, Latest Finance News | The Hindu

Sensex climbs 226 points in early deals on buying in IT stocks after TCS earnings

Among the Sensex pack, Tata Consultancy Services climbed over 2 per cent after the country's largest IT services player reported 8.7 per cent growth in the June quarter net profit at ₹12,040 crore.

from Business News Today, Latest Finance News | The Hindu

Give special package to Bihar, demands State Minister Vijay Kumar Chaudhary ahead of Union Budget

Senior JD(U) leader Vijay Kumar Chaudhary said Bihar lacked natural resources and did not have a coastline. He said if not a special category, the Centre could give the State a special package

from Business News Today, Latest Finance News | The Hindu

Rate cut hopes may bolster U.S. stocks as investors await earnings, elections

Investors late on Tuesday were factoring in an over 70% chance that the Fed will cut rates in September, compared with roughly 50% a month ago; stocks have typically risen in the six- to 12-month period following the U.S. central bank’s first rate cut, as long as the economy avoids a recession

from Business News Today, Latest Finance News | The Hindu

Assam, Meghalaya to cut fiscal flab by targeting unproductive boards

While Meghalaya decided to dissolve its Housing Board, Assam will downsize its Agriculture Marketing Board

from Business News Today, Latest Finance News | The Hindu

MSMEs need funds for tech upgrades, green transition

More than 4.3 crore (Udyam) registered MSMEs, most of which are in clusters, play a significant role in the country’s economy.

from Business News Today, Latest Finance News | The Hindu

A Budget that drives growth with stability

July 23, Budget day, is an opportunity for the government to spell out its medium-term growth and employment perspective, as well as its policy priorities

from Business News Today, Latest Finance News | The Hindu

ONGC to invest ₹2 lakh cr to meet net zero emission target

ONGC, which produces about two-thirds of India's crude oil and about 58% of natural gas, has detailed its path to achieving net zero emissions.

from Business News Today, Latest Finance News | The Hindu

Financial inclusion index rises with growth across all segments: RBI

from Business News Today, Latest Finance News | The Hindu

Double health budget, lower out-of-pocket spends

Since 2010, India’s public spending, in proportion to the GDP, has hovered around 1.12% to 1.35%. In gross terms, though central budget allocations have improved – up from ₹25,133 crore in 2012-13 to ₹86,175 crore in 23-24

from Business News Today, Latest Finance News | The Hindu

PM to chair NITI Aayog Governing Council meet on July 27

All State Chief Ministers, Lieutenant Governors of Union Territories, and several Union Ministers will attend the NITI Aayog Governing Council meeting

from Business News Today, Latest Finance News | The Hindu

Diamonds pose a quantum block to India’s research ambition

India, despite being a formidable industry in cutting and polishing diamonds, has only just begun manufacturing diamonds

from Business News Today, Latest Finance News | The Hindu

Govt. reopens PLI scheme for white goods till October 12

from Business News Today, Latest Finance News | The Hindu

Markets decline in early trade

Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards

from Business News Today, Latest Finance News | The Hindu

Boeing to plead guilty in U.S. probe of fatal 737 MAX crashes, says DOJ official

The plea, which requires a federal judge's approval, would brand the planemaker a convicted felon. Boeing will also pay a criminal fine of $243.6 million, a Justice Department official said.

from Business News Today, Latest Finance News | The Hindu

New private investment plans slumped to 20-year low in Q1

Just ₹44,300 crore of fresh outlays announced by corporates; the corresponding period in the past financial year recorded new investment announcements of nearly ₹7.9 lakh crore; investors adopting a wait-and-watch approach, says economist

from Business News Today, Latest Finance News | The Hindu

Red flags over runaway silver imports from UAE through Gift City

The key concern is how the imports cleared through Gift City meet the rules of origin requirements specified in the India-UAE CEPA deal when importers from other ports fail to meet these, says a trade research body

from Business News Today, Latest Finance News | The Hindu

Finance Minister wraps up consultation ahead of FY25 budget

Sitharaman will present her seventh Budget on July 23. This would be the first full budget of Modi 3.0

from Business News Today, Latest Finance News | The Hindu

India, U.K. to hold next round of talks on proposed trade agreement in July

Britain's newly-elected Prime Minister Keir Starmer spoke to Prime Minister Narendra Modi and said he stood ready to conclude an FTA that worked for both sides

from Business News Today, Latest Finance News | The Hindu

Budget 2024: Pharma industry seeks tax benefits, effective intellectual property rights regime

Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments

from Business News Today, Latest Finance News | The Hindu

Can the uber-rich worldwide be taxed better? | Explained

What has French economist Gabriel Zucman suggested in a report? Is imposing an annual 2% tax on ultra-high-net-worth individuals feasible? How much could a minimum tax on dollar billionaires potentially raise? What is the template that may be used for taxing billionaires?

from Business News Today, Latest Finance News | The Hindu

FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings

Sustained improvement in the rural economy, which depends on the monsoons and farm incomes, will be essential for generating steady demand, a report by CRISIL Ratings said

from Business News Today, Latest Finance News | The Hindu

SAIL to invest ₹6,500 crore towards capex in FY-25: CMD Amarendu Prakash

In the past, SAIL management had informed investors about a planned ₹1 lakh crore investment across its plants for greenfield and brownfield expansions over the next 3-4 years

from Business News Today, Latest Finance News | The Hindu

JSW Energy plans ₹15,000 crore capex in FY25

from Business News Today, Latest Finance News | The Hindu

Rupee rises 5 paise to 83.45 against US dollar in early trade

Forex traders said rising crude oil prices weighed on investor sentiments and restricted the upside

from Business News Today, Latest Finance News | The Hindu

GST still far from simple: Arvind Subramanian

from Business News Today, Latest Finance News | The Hindu

No Indian industry in Board of revamped National Research Foundation

There is also no presence of State universities, who the ANRF had said would be among the major beneficiaries of the new structure

from Business News Today, Latest Finance News | The Hindu

Sensex hits historic 80,000-mark; Nifty reaches fresh lifetime high in early trade

While the 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22, the Nifty hit a fresh record peak of 24,292.15.

from Business News Today, Latest Finance News | The Hindu

Italian firms bridge skills gap with own schooling

from Business News Today, Latest Finance News | The Hindu

Inflation is down in Europe but ECB in no hurry to make more rate cuts

High rates aim to squelch inflation by making it more expensive to borrow money to buy goods or invest in new factory equipment.

from Business News Today, Latest Finance News | The Hindu

Passenger vehicle dispatches see muted growth in June as high base effect kicks in

Overall passenger vehicle dispatches last month stood at 3,40,784 units, a growth of 3.67% compared with 3,28,710 units in June 2023

from Business News Today, Latest Finance News | The Hindu

RBI, ASEAN to create platform for fast cross-border retail payments

RBI said it has joined the Project Nexus, a multilateral international initiative to enable instant cross-border retail payments by interlinking domestic fast payments systems

from Business News Today, Latest Finance News | The Hindu

India's power consumption rises nearly 9% to 152.38 billion units in June

Experts said the scorching heat and humidity in the later part of June due to the arrival of monsoon rains in many party of the country forced people to excessively use cooling appliances like air conditioners and desert coolers

from Business News Today, Latest Finance News | The Hindu

₹7,581 crore worth ₹2,000 notes still in circulation: RBI

97.87% of ₹2,000 notes have been returned. 

from Business News Today, Latest Finance News | The Hindu

Air India to set up flying institute in Maharashtra to train 180 commercial pilots annually

“The facility, which will be developed on 10 acres, will have digitally-enabled classrooms, hostels on a par with global academies, a digitised operation centre, and a maintenance unit,” Air India said.v

from Business News Today, Latest Finance News | The Hindu

Indonesia plans import duties on clothing, ceramics, minister says

The Indonesian Trade Safeguards Committee is investigating to determine duty rates

from Business News Today, Latest Finance News | The Hindu

News Analysis | Maharashtra budget: A pre-poll strategic play of social engineering

from Business News Today, Latest Finance News | The Hindu