On Wednesday morning, the Indian rupee rose by just 0.1% to reach a value of 91.6350 against the dollar. The rupee received support from the continued weakness of the U.S. dollar, which trades near four-year lows against major currencies.
The NITI Aayog has recommended reducing the GST (Goods and Services Tax) rates on vehicle scrapping through formally registered scrap facilities, to encourage the recycling of end-of-life vehicles. The tax structure currently favours informal operato
The Reserve Bank of India (RBI) has announced the purchase of Government Securities of ₹1 lakh crore through two Open Market Operation (OMO) tranches on January 29 and February 5. There will also be a $10 billion USD-INR buy or sell swap auction sc
The Reserve Bank of India is expected to reduce its repo rate by 0.25% on February 6, marking the final step in the easing cycle, which has also included substantial liquidity injections. As the economy slows down and inflation remains stable, the RB
With the new FTA signed earlier this month, the European Union has granted India an opportunity to export textiles without facing customs tariffs. The Directorate of Commerce Ministry has indicated duty-free importation of textiles, such as cotton an
On January 28th, Shadowfax Technologies is set to be listed on the main board, while a number of companies, such as Rail Vikas Nigam Ltd., Titagarh Rail Systems Ltd., Hindustan Zinc Ltd., and Marico Ltd., are attracting investor interest. Investments
On January 27, Prime Minister Narendra Modi formally announced the signing of a free trade agreement with Europe as part of the opening ceremony of India Energy Week in Goa. This landmark agreement encompasses approximately 25% of the global gross do
As part of their Memorandum for the Union Budget 2026-27, the Bombay Chamber of Commerce and Industry has requested that the 182-day tax residency requirement for visiting non-resident Indians (NRIs) and persons of Indian origin (PIOs) be restored, a
On January 27, India and the European Union entered into an important free trade agreement at the 16th India-EU Dialogue held in New Delhi. The agreement, which the leaders called the 'mother of all deals', includes both economies. This covers approx
India has decided to slash the tariff on 200,000 combustion-engine cars a year imported from the E.U to 40%, as per a Reuters exclusive. This will be lowered further to 10% in the future. The Narendra Modi government has given the green light t
The Nifty Realty Index fell 9.2% this past week, making it the biggest single-week loss for real estate stocks in the last 11 months. The overall downtrend in real estate stocks came as a result of weak housing pre-sales and a slowdown in sales booki
Shares of Tata Motors, Mahindra & Mahindra, and Maruti Suzuki India tumbled by nearly 5% on Tuesday as concerns over a potential free trade agreement between India and the European Union increased competition for investors. Mahindra & Mahindr
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