NEW DELHI: Highway construction touched 10,500 km and toll collection on them crossed Rs 60,000 crore in the financial year ended March 31. Sources said while the toll collection last year was the maximum ever in the highway sector’s history, the overall construction was third-highest in the past five years.Highway construction during 2023-24 was 12,349…
What began as a strong rally in March is now showing signs of uncertainty. Foreign Institutional Investors (FIIs), who played a major role in driving a 6% rally in the Nifty throughout March, have sold off Rs 10,255 crore worth of Indian stocks in recent trading sessions. The sell-off comes just before US President Donald…
Capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday issued an administrative warning letter to HDFC Bank for regulatory non-compliance. Pursuant to periodic inspection of custody activities undertaken by the bank, Sebi issued an administrative warning letter for alleged non-compliance with certain regulatory guidelines, which are applicable to custodians, HDFC Bank said…
Global stock markets, including those in the US and Europe, fell sharply on Wednesday as uncertainty loomed ahead of US President Donald Trump‘s highly anticipated tariff announcement, raising fears of a potential global trade war, according to news agency AFP. Investors are on edge as Trump prepares to unveil a new wave of tariffs, known…
Gold (Representative image) Gold prices remained flat at their all-time high of Rs 94,150 per 10 grams in the New Delhi on Wednesday, amid growing concerns over the potential imposition of reciprocal tariffs by the US, according to the All India Sarafa Association. On Tuesday, gold surged by Rs 2,000, marking its steepest increase in…
NEW DELHI:As US President Donald Trump gears up to announce reciprocal tariffs, a report by Motilal Oswal suggests that India’s economy will face only a limited impact. Despite India having the highest tariff differential with the US—standing at 9%—the overall effect on India’s GDP is expected to be just 1.1% due to the composition of…
NEW DELHI: FM Nirmala Sitharaman on Tuesday said there should not be any politics on public finance, as it has a long-term impact on the Centre and states.“Raising money is important, as much as managing your debt. There is no good if I am being very good in terms of giving projects or schemes to…
MUMBAI: UPI continues to break records. In March, the platform processed 1,830 crore transactions worth Rs 24.8 lakh crore, marking a 36% year-on-year rise in volume and a 25% increase in value. The surge follows Feb’s tally of 1,611 crore transactions amounting to nearly Rs 22 lakh crore. On average, UPI now handles 59 crore…
Trump has indicated potential complications for Russian oil trade unless Moscow reaches an agreement on the Ukraine conflict. (AI image) Indian refiners increased their US crude imports by 67% in March compared to February, at a time when US President Donald Trump is pushing for American energy exports. Notably, Russian imports grew by 11% despite…
The revised new tax regime introduces updated income tax slabs for FY2025-26. (AI image) As the new fiscal year commences (April 1, 2025 – March 31, 2026), several significant changes in income tax, financial frameworks and banking operations will impact citizens, organisations and market participants. The revisions include adjustments to income tax slabs under the…
