Five of the country’s 10 most valued companies added Rs 60,675.94 crore to their market capitalisation last week, with State Bank of India (SBI) and HDFC Bank emerging as the biggest winners in line with the positive momentum in equities.In the holiday-shortened week, the Sensex gained 739.87 points or 0.92 per cent, while the Nifty…
India’s current account deficit (CAD) is projected to nearly double in the next fiscal, touching 1.2 per cent of GDP in FY26 compared with 0.6 per cent in FY25, Union Bank of India said in a report.The bank cautioned that evolving trade dynamics, global commodity prices, and geopolitical developments could add further pressure. “We see…
Foreign portfolio investors offloaded Indian equity holdings by approximately Rs 21,000 crore in early August 2025, driven by US-India trade disputes, muted Q1 corporate results, and rupee depreciation.The total FPI equity outflows reached Rs 1.16 lakh crore in 2025, as per depository records. Meanwhile, depository data also show that FPIs withdrew Rs 20,975 crore from…
Air Canada will restart flights on Sunday evening after the Canadian government intervened to end a strike by its 10,000 flight attendants that left more than 100,000 travellers stranded during the peak summer season.The airline, Canada’s largest, said it will take several days before operations return to normal and warned that some flights would remain…
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation Goods and Services Tax (GST) reforms among states and urged their cooperation to implement the proposal before Diwali.He said the reforms in GST would “benefit poor and middle-class people, as well as small and big businesses.” Addressing an event…
Markets regulator Sebi has reported a sharp rise in settlement pleas, receiving 703 applications in 2024-25 to resolve alleged violations of securities laws without prolonged litigation. This marked a steep increase from 434 applications filed in 2023-24.According to Sebi’s 2024-25 annual report, 284 of these pleas were settled through appropriate orders, while 272 applications were…
Ethanol-blended petrol worries consumers (AI-image) The nationwide rollout of 20 per cent ethanol-blended petrol (E20) has triggered a wave of questions and concerns from vehicle owners, with many claiming declining fuel efficiency, sluggish performance and higher maintenance costs. Service centres say non-E20-compliant vehicles — which still account for a majority on Indian roads — are…
Domestic consumption would be strengthened after the government’s proposed GST rationalisation, offering crucial support to the economy as it braces for the impact of the US’s 50 per cent duty on Indian imports, according to various economists quoted by Economic Times. “At a time where consumption demand has been uneven and felt pressure from high…
GST (representative image) The proposed revamped goods and services tax (GST) 2.0, developed through extensive consultations, aims to be more comprehensive than just rate adjustments. Officials, quoted by Economic Times, indicate it will fundamentally restructure the eight-year-old indirect tax system. The changes focus on resolving classification conflicts, duty inversions and operational challenges to provide businesses…
Markets are set for a strong start on Monday, with both global and domestic factors likely to lift investor sentiment. The twin triggers include Prime Minister Narendra Modi’s Independence Day announcement of GST reforms and the “understanding” reached between US President Donald Trump and Russian President Vladimir Putin.The Alaska meetingTrump and Putin held a close…
