Economy Archives - Page 83 of 311

Economy

August 11, 2025 3:14 PM

FM Sitharaman tables revised Income Tax Bill in Parliament to enhance fairness, clarity

Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025 in the Lok Sabha, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda....

August 11, 2025 11:34 AM

Sensex, Nifty inch higher; PSU bank stocks lead gains

Indian benchmark indices began the week higher on Monday, led by gains in the PSU bank stocks. The BSE Sensex advanced 122 points or 0.15 per cent to 79,980 while the Nifty 50 inched up to 24,405, up 42 points or 0.17 per cent. The Nifty Bank rose 0....

August 9, 2025 3:14 PM

India’s defence production hits record ₹1,50,590 crore, private sector share rises

India’s annual defence production has reached an all-time high of ₹1,50,590 crore in the financial year 2024-25, marking a jump of over 18% from last year’s ₹1.27 lakh crore and a massive 90% rise since FY 2019-20, when the figure stood at �...

August 8, 2025 4:56 PM

Centre withdraws Income-Tax Bill, 2025; to come with amended legislation

Finance Minister Nirmala Sitharaman on Friday moved to withdraw the Income-Tax Bill, 2025, following suggestions from the 31-member Select Committee chaired by BJP MP Baijayant Panda. The Lok Sabha approved the withdrawal amid uproar from Opposi...

August 8, 2025 12:06 PM

US tariffs on Indian goods “bad policy”, will hurt its own citizens: SBI report

A proposed 50 per cent tariff on Indian goods by the United States could backfire on American interests and hurt its own consumers, the State Bank of India’s research wing has said in a report. The report warns that the imposition of a 25 per cent...

August 8, 2025 10:03 AM

Indian stock market opens lower amid fresh US tariff concerns

Indian benchmark indices opened lower on Friday amid renewed jitters over US tariffs, with early selling pressure seen in the IT and financial services sectors. As of 9:38 am, the Sensex was trading 272.30 points or 0.34 per cent lower at 80,350.96,...

August 7, 2025 6:27 PM

Israel Signs Record $35 Billion Natural Gas Export Deal with Egypt

Egypt has signed a landmark $35 billion agreement to import natural gas from Israel's Leviathan gas field, marking the largest export deal in Israeli history and strengthening regional energy cooperation despite ongoing Middle East tensions. The agr...

August 7, 2025 4:17 PM

India to nearly double power generation capacity to meet surging demand

India’s electricity generation capacity is likely to reach 870 gigawatt (GW) in 2031-32, as the government plans to increase it to meet the growing demand for power in the country, the Parliament was informed on Thursday. As of June 2025, the count...

August 7, 2025 3:45 PM

India’s AI tech spending projected to reach $10.4 Bn by 2028: Report

India’s AI technology spending is estimated to reach $10.4 billion in 2028, with an annual growth rate of 38%, a report said on Thursday. Around 40% of organisations in the country have already implemented agentic AI, and about 50% of them are pla...

August 7, 2025 1:49 PM

India’s financial inclusion gains momentum: Report

The foresight to build a financially empowered India, taking banking beyond branches, is making it a success. From remote to urban areas, a wave of change is noticeable across the country with an inclusive financial system. Bank accounts, credits, pe...

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