Foreign exchange reserves fell by $9.809 billion to $686.801 billion in the week ended January 2, data released by the Reserve Bank of India showed on Friday, PTI reported.The decline followed a rise of $3.293 billion in the previous reporting week, when the reserves had climbed to $696.61 billion.Foreign currency assets (FCA), the largest component…
In early December 2025, the Indian rupee reached a key milestone when it surpassed Rs 90 per dollar for the first time. The rupee had been falling steadily throughout the year, as foreign investors sold off Indian stocks and US tariffs made Indian exports less competitive.However, on December 5, 2025, Reserve Bank of India Governor…
Vodafone Idea (Vi) will pay the government Rs 1,144 crore over the next 10 years, with the remaining adjusted gross revenue (AGR) dues — frozen at Rs 87,695 crore — to be paid in instalments starting March 2036, the company said on Friday, reported PTI.The Union Cabinet has frozen Vi’s AGR dues at Rs 87,695…
EY India has recommended to extend the existing Production-Linked Incentive (PLI) scheme to new technology sectors such as AI, space, and robotics, while urging the FY27 Budget to focus on sustaining growth and ensuring tax certainty through a dedicated Customs dispute resolution mechanism. The firm said a forward-looking policy approach would be key to strengthening…
Making a case for maintaining the status quo on interest rates, PwC Partner and Economic Advisory Services leader Ranen Banerjee said any rate cut at this stage would amount to “wasting a bullet” at a time when economic growth is robust and inflation remains benign.The Reserve Bank of India is unlikely to reduce the policy…
Equity mutual fund inflows declined by over 6% to Rs 28,054 crore in December, even as investor interest in equities and gold remained intact amid heavy redemptions from debt schemes, data released by industry body AMFI showed on Friday.The moderation in equity inflows came from Rs 29,911 crore in November, though collections were still higher…
Sameer Gupta, National Tax Leader, EY India The Income-tax Act, 2025, marks a comprehensive overhaul of India’s six-decade-old direct tax law, replacing the Income-tax Act, 1961, with a simplified, principle-based framework. Aimed at reducing litigation and improving tax certainty, the new law seeks to streamline provisions, remove redundancies, and align tax administration with a digital-first…
Gold futures saw a slight uptick on Friday morning, after a choppy week of trading. On the MCX, gold for the February 5 contract was quoted at Rs 1,37,805 per 10 grams, up Rs 63 or 0.05%. However, the broader tone for gold remained weak, as a stronger US dollar and ongoing adjustments in commodity…
Bharat Coking Coal Ltd’s initial public offering (IPO) saw strong demand from investors from the moment bidding opened on Friday, with the issue getting fully subscribed within minutes. According to NSE data till 11:15 am, bids were received for 84,15,46,800 shares, far exceeding the 34,69,46,500 shares on offer, resulting in an overall subscription of 2.43…
The steady exit of overseas funds has intensified the weakness in benchmark indices. (AI image) Stock market crash: Equity benchmark indices, Nifty50 and BSE Sensex, have plunged by over 2% in the last few trading sessions, with both indices seeing the fifth consecutive day of crash on Friday. Concerns over global trade tensions and political…
