Business

India’s merchandise exports touched $37.24 billion in July, marking a 7.29% increase from $34.71 billion a year earlier, according to government data released Thursday. The trade deficit for the month came in at $27.35 billion.Imports rose 8.6% year-on-year to $64.59 billion in July, PTI reportedCumulatively, in April–July 2025-26, exports grew 3.07% to $149.2 billion, while…

But many taxpayers make the mistake of not mentioning exempt incomes in their income tax return. (AI image) ITR filing FY 2024-25: PPF interest is tax free. So is the interest coming from tax free bonds. The maturity proceeds of life insurance plans are also exempt from tax. But while the taxman lets you pocket…

India’s credit-to-deposit ratio remains under 80% as lending growth continues to trail deposit inflows, according to a report by CareEdge Rating. According to news agency ANI, while both credit offtake and deposits have grown sequentially, the pace is slower than last year, narrowing the gap between the two.The report stated, “Credit to Deposit Ratio Remains…

India is on track to become the world’s most sought-after consumer market while undergoing a major energy transition, witnessing a rise in the credit-to-GDP ratio, and seeing manufacturing take a bigger share of GDP, according to a Morgan Stanley report.The report noted that the falling intensity of oil in GDP, a rising share of exports—particularly…

Representative image (PTI photo) NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to…

MUMBAI: An RBI panel examining the responsible use of AI in finance has urged regulators to adopt a “tolerant supervisory stance” towards mistakes made by AI systems. The idea is to allow institutions some leeway for first-time errors if they have adequate safety measures in place. The aim, the panel argues, is to encourage innovation…

NEW DELHI: The commerce and finance ministries are in dialogue for the Rs 2,250 crore export promotion mission, with the Expenditure Finance Committee expected to take it up soon, an official said on Wednesday.The mission was part of budget announcements but has gathered urgency in the wake of the possible adverse impact of US tariffs…

Analysts anticipate the market to remain range-bound, with domestic-facing themes expected to prevail. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday. While Nifty50 was above 24,600, BSE Sensex was near 80,600. At 9:33 AM, Nifty50 was trading at 24,619.65, up marginally. BSE Sensex was…

Bitcoin surged to a fresh all-time high in early Asian trade on Thursday, crossing $124,000 for the first time, supported by upbeat US market sentiment and policy changes favouring the cryptocurrency sector.According to AFP, the world’s largest digital asset briefly touched $124,500 before easing back, breaking its previous record set in July. The rally came…