Falling Rs, rising US bond yields fuel FPI exodus, Rs 64k crore taken out in Jan
NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the Indian equity markets continues unabated, as they have withdrawn Rs 64,156 crore ($7.44 billion) so far this month, driven by the depreciation of the rupee, a rise in US bond yields, and expectations of a tepid earnings season.This comes
Govt proposes hike in tax rebate on new vehicles for buyers scrapping old ones
NEW DELHI: In a move to persuade people to scrap their BS-I and BS-II vehicles, and those which are older than these, the road transport ministry has proposed to hike the motor vehicle tax rebate by up to 50% on purchase of new automobiles for buyers submitting the scrapping certificate
Elon Musk, Video Game King? Well, Maybe Not.
On its face, the claim feels improbable: In addition to being the world’s richest man, the chief executive of multiple companies and a key adviser to President Trump, Elon Musk says he is also a world-class video game player. It is a claim that Mr. Musk has repeated through the
Any increase in import duty in Budget may have adverse effect: World Gold Council
Any increase in import duty in Budget may have adverse effect: World Gold Council NEW DELHI: The government’s decision last July to reduce import duties on gold has had a significantly positive impact on the industry, and any increase in tariffs in the upcoming Budget may have adverse effects, said
Budget 2025 Expectations Live Updates: Income tax relief, record capex for Indian Railways, highways on the cards? All eyes on FM Sitharaman
Budget 2025 Expectations Live: Empower education and bridge digital gaps “As we approach the Union Budget, key focus areas must include steps to empower education and bridge digital gaps. A reduction in GST on education services is essential to make quality learning more affordable and accessible, especially for middle-class families.
Noida Authority renews demand for Rs 10k cr unused Unitech land, ET Infra
On Dec 4, 2024, the court issued another directive, instructing Noida Authority to approve the entire 14.1 lakh sqm of Express City project in Sectors 96, 97 and 98, including the second segment. Noida Authority has reiterated its demand to reclaim over 8.5 lakh sqm of unused land allotted to
Trump’s Crypto Venture Divides the Industry He Aims to Support
Dressed in ball gowns, tuxedos and “Make Bitcoin Great Again” baseball caps, a crowd of some of the country’s most powerful cryptocurrency executives gathered a few blocks from the White House for a lavish party three days before President Trump’s inauguration, toasting an incoming administration that had vowed to promote
Loan-related complaints up 43% in FY24, says RBI report
Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. MUMBAI: Consumer complaints related to loans and advances accounted for the largest share among grievances against entities regulated by the RBI, rising 43%, according to the annual report of the Reserve Bank’s
ICICI Bank Q3 net profit up 15% to Rs 11k crore
MUMBAI: ICICI Bank reported a 14.8% year-on-year rise in profit after tax to Rs 11,792 crore for quarter ended Dec 31, 2024, compared to Rs 10,272 crore in Q3-2024. Sequentially, profit increased 1.8% from Rs 11,585 crore in Q2-2025. The growth was driven by higher net interest income and fee
UPS offering assured payouts for central govt staffers notified
NEW DELHI: Centre has notified Unified Pension Scheme for central govt employees, offering assured payouts, along with inflation adjustments, to those who complete 25 years or more of service. Employees have been given a one-time option to switch to the UPS, which will come into effect in April. In the