Economy Archives - Page 2 of 174

Economy

March 27, 2025 1:41 PM

Italy seeks payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in the last formal step in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on ...

March 27, 2025 12:02 PM

Trump says he may give China reduction in tariffs to get TikTok deal done

U.S. President Donald Trump said on Wednesday he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans. ByteDance has an April 5 deadline to fi...

March 27, 2025 11:15 AM

Indian stock market opens higher, Nifty crosses 23,500

The Indian stock market opened in positive territory on Thursday, with benchmark indices trading higher amid mixed global cues, despite early selling pressure in the auto sector. At 9:26 AM, the Sensex was up by 112.96 points, or 0.15 percent, at 77...

March 26, 2025 7:09 PM

India’s GIFT City rises in ‘Global Financial Centres Index 37’

Gujarat International Finance Tec-City (GIFT City) on Wednesday said it has achieved notable improvements in multiple categories in the latest edition of the Global Financial Centres Index (GFCI 37), along with securing the top rank in the ‘Reputat...

March 26, 2025 4:42 PM

Challenges faced by MSMEs must be addressed in clusters, not in isolation: NITI Aayog CEO

BVR Subrahmanyam, CEO of NITI Aayog, on Wednesday said that MSMEs cannot exist in isolation and their challenges must be tackled in clusters and groups. Speaking at an event organized by the Confederation of Indian Industry (CII) in New Delhi, Subra...

March 26, 2025 4:02 PM

Sensex, Nifty break 7-day winning streak, end lower on profit booking

After seven consecutive sessions of gains, the Indian stock markets ended lower on Wednesday as investors booked profits across sectors. Sensex fell by 728.69 points, or 0.93 per cent, to close at 77,288.50. During the session, the index fluct...

March 26, 2025 3:43 PM

IMF reaches staff-level agreement with Pakistan for $1.3 billion climate loan package

The International Monetary Fund (IMF) has finalized a staff-level agreement with Pakistan for a $1.3 billion loan package over 28 months to support the country’s climate change mitigation and adaptation efforts. This agreement also includes the fir...

March 26, 2025 2:58 PM

EPFO to allow instant PF withdrawals via UPI, ATMs by mid-2025

The Employees’ Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025. With this update, employ...

March 26, 2025 2:21 PM

Vietnam to cut duties on US imports, approve Starlink as Trump tariff decision looms

Vietnam will cut its tariffs on several U.S. products including LNG and cars, and moved to approve Starlink services, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus. The Southeast Asian industr...

March 26, 2025 11:59 AM

Revised RBI priority sector lending norms to further boost economy: SBI report

The recent amendments to the priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) are expected to accelerate economic growth and strengthen key sectors such as MSMEs, agriculture and allied industries, housing, and exports, acc...

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