The rupee breached the 88 levels for the first time on Friday, recording its biggest one-day monthly fall to close at an all-time low of Rs 88.20 against the US dollar. Why the Rupee is under pressure “Tariffs sneeze has seen rupee catching pneumonia,” says Kunal Sodhani, Head Treasury at Shinhan Bank, further adding that the “outflows
A Diwali gift of dearness allowance (DA) is certain for central employees and pensioners. There will be a 3% increase for the July-December 2025 cycle, which will increase DA from 55% to 58%. This hike will be the last fixed hike of the 7th Central Pay Commission (7th CPC), as the term of the commission
Protean eGov Technologies has received a massive Rs 1,160 crore order from UIDAI. In an exchange filing, the company said on Monday that it has received the order from the Unique Identification Authority of India (UIDAI) to establish and run district-level Aadhar Seva Kendra in 188 districts across India. Protean eGov Technologies said that the
Indian equity markets closed Monday’s session on a positive note after the US Federal Reserve Chairperson Jerome Powell hinted at a rate cut in his Jackson Hole speech. The Nifty 50 closed the session 98 points higher near 25,000, and the Sensex rose 330 points or 0.40% to end above 81,635. The tech stocks topped
The sharp rise in gold prices within the last one year has had a huge impact on the pockets of common people. Buying gold, especially on occasions like weddings, has become even more difficult for the middle class. The same issue was raised by MP Ramji Lal Suman in the Rajya Sabha and asked the
Indian Oil has signed a Memorandum of Understanding (MoU) with Air India to supply Sustainable Aviation Fuel (SAF). The order comes after Indian Oil received the necessary certification for SAF production at its Panipat Refinery, becoming the first Indian petroleum company to receive such certifications from the International Civil Aviation Organisation. Indian Oil and Air
With insurance companies, banks and pension funds not participating in the bond market aggressively, there is a growing gap between supply and demand in the bond market. Devang Shah, head ( fixed income) Axis Mutual Fund, which has Rs 1.25 lakh crore in debt schemes, tells Christina Titus this could be addressed, if the government
Ahead of the finalisation of the Terms of Reference (ToR) for the 8th Pay Commission, the issue of pension commutation is back in focu. It is an old demand of employee unions that the period for restoration of the commuted part of the pension should be reduced from 15 years to 12 years. The question
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
The overhaul of the GST rates is seen as the start of kick-starting the next wave of reforms in the country. The government seems to be in a clear overdrive to boost consumption and the overall economy. As the economy is looking at tackling the steep 50% Trump tariff that came into effect on August
The last date for filing Income Tax Return (ITR) is 15th September 2025. If you have not calculated your tax till now, you can calculate your income tax liability. Most taxpayers find it difficult to assess their exact tax liability and deductions available to them. In such a situation, online tax calculators are the easiest
Food delivery majors Zomato and Swiggy have begun experimenting with higher platform fees in select markets, tweaking charges depending on demand patterns, according to industry sources. The flat Rs 10 levy that both have imposed since October 2024 is now being tested at Rs 12 for Zomato and Rs 12.70 for Swiggy in some locations.
