Buisiness

MUMBAI: The sensex dived nearly 1,400 points on Tuesday, settling just above the 76k mark, as concerns over Trump’s tariffs rattled investor confidence on Dalal Street. Foreign funds were aggressive sellers during the day.The decline, which marked the index’s worst day since Feb 28, was driven by HDFC Bank, ICICI Bank, RIL and Infosys. Rising…

NEW DELHI: GST collections went up 9.9% to Rs 1,96,141 crore in March, second highest monthly collection ever, with the mop-up from imports rising at a much rapid pace. In March, based on transactions in Feb, collections from domestic transactions rose 8.8% to a little under Rs 1.5 lakh, while those from imports shot up…

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…

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…

Analysts anticipate continued market volatility in the coming days as global trade policies remain in focus. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green in trade on Wednesday. While BSE Sensex moved up over 200 points, Nifty50 went above 23,300. At 9:20 AM, BSE Sensex was trading…

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…

BofA Securities has a ‘neutral’ rating on Tata Motors with a target price of Rs 735. Analysts said that at a conference call, the company’s CFO indicated that it was early to react to expected tariff by the US but supply chain rethink was unlikely. The company’s mitigation plan includes premiumization, cost, pricing and developing…

MUMBAI: Govt’s decision to convert nearly Rs 39,000-crore worth of dues of Vodafone Idea led to hectic buying at the counter on Tuesday. Analysts, however, had a mixed reaction to the news with some upgrading the stock. The stock closed at Rs 8.1, up 19%. Source link

MUMBAI: Credit rating upgrades outpaced downgrades in FY25, though the pace has slowed from FY24. In FY25, ICRA upgraded 301 entities and downgraded 150, with its credit ratio easing to 2.0x from a high of 3.0x in FY22. CareEdge‘s ratio rose to 2.35x in H2 from 1.62x in H1. Crisil‘s stood at 2.64x in H2,…