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India overtakes China in MSCI's Emerging Markets Investable Market Index

Morgan Stanley reported that India has now surpassed China to become the largest weighting in the MSCI Emerging Market Investable Market Index (EM IMI) with India's weightage stood at 22.27 per cent compared to 21.58 per cent of China.

Business Today
06 Sep 2024

CPI inflation seen to have cooled further in August

Vegetables, especially tomatoes, turned cheaper but onions and potatoes turn pricier

Business Today
06 Sep 2024

J&K farmers to get Rs 4,000 more under PM Kisan Samman Nidhi Yojana in FY25: Amit Shah

Earlier, the outlay for the Kisan Samman Nidhi was at Rs 60,000 crore, now it shall be around Rs 1 lakh crore for FY25. The money will be directly transferred in three instalments -- Rs 3,000, Rs 3,000, and Rs 4,000.

Business Today
06 Sep 2024

Businesses gear up for invoice management system under GST from Oct 1

New functionality will help taxpayers efficiently address invoice corrections and amendments with their suppliers, enhance transparency.

Business Today
06 Sep 2024

Maharashtra tops India's FDI second time in a row; leaves Karnataka, Delhi way behind

This time around, the state has outpaced a total of eight states including Karnataka, Delhi, Telangana and Gujarat.

Business Today
06 Sep 2024

Avg household spending on food in India falls below 50% of monthly expenses, first time since independence: Report

Recent data indicates that the expenditure on cereals has decreased considerably among households, with the most significant reductions observed in the bottom 20% income bracket in both rural and urban settings

Business Today
06 Sep 2024

Here are 10 fastest-growing major economies in the last 10 years

Data from the IMF shows that in the last decade there have been as many as seven Asian countries in the list of the top ten fastest-growing major economies

Business Today
06 Sep 2024

Govt mulls cutting fuel prices as crude oil prices fall

Oil prices have plummeted to their lowest levels since January improving the profitability of Oil Marketing Companies (OMCs) which gives room to provide relief to consumers.

Business Today
06 Sep 2024

PAC to review performance of regulatory bodies; SEBI Chairperson Madhabi Puri Buch likely to be summoned

This comes amid a political storm over the allegations of conflict of interest against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch.

Business Today
06 Sep 2024

Mumbai sees surge in ultra-luxury home sales in 2024, dominating the Indian market

According to data from the real estate consultancy firm Anarock, these sales amount to approximately Rs 2,443 crore, with Mumbai leading the charge.

Business Today
05 Sep 2024

Festive season sales: Meesho enables creation of 8.5 lakh seasonal job roles

Meesho's sellers and logistics partners have created 5 lakh and 3.5 lakh seasonal job opportunities this festive season.

Business Today
05 Sep 2024

Time for corporate sector to boost investments: RBI Governor; says 7.2% GDP projection for FY25 not unrealistic

Expenditure of both centre, state governments are likely to pick up pace in line with respective budget estimates, Das said, adding that data shows fundamentals of growth drivers are gaining momentum, India’s growth story remains intact.

Business Today
05 Sep 2024

India, Singapore sign four MoUs on digital development, healthcare, electronics, skill development

PM Modi in Singapore: PM Modi is also scheduled to meet Singaporean business leaders and interact with executives from the semiconductor ecosystem.

Business Today
05 Sep 2024

Tea set to be costlier as major brands grapple with a cost surge

Your Grocery Bill Could Rise With Hindustan Unilever & Tata Consumer Likely To Hike Tea Prices Very Soon

Business Today
04 Sep 2024

Himachal Pradesh's financial crisis brewing for some time amid high debt burden, rising salary and pension bill

Analysts had flagged deteriorating fiscal indicators; spending on salaries and pensions is Budgeted at Rs 27,208 crore in FY25 as against Rs 25,152 crore in the revised estimate of FY24

Business Today
04 Sep 2024

Letter lays bare employee disquiet in SEBI, unions claim reports of ‘toxic’ leadership are ‘misinformation’

Two SEBI employee unions strongly condemned reports of internal discontent as “misinformation” and described the claims against the hierarchy as “misplaced” and the voices of “a few disgruntled persons”.

Business Today
04 Sep 2024

Revenue losses, no compensation cess seen to be reasons for GoM wanting to retain current GST rate structure

Issue to be discussed at GST Council meeting on September 9; states may not be keen on extending GST to other sectors including real estate, electricity and oil, officials say

Business Today
04 Sep 2024

National highway builders urge NHAI to address project hurdles

The recent shift in NHAI’s working dynamics, particularly the referral of routine contractual issues to a Sole Conciliator, has been identified as detrimental. Concessionaires are being pressured to s

Business Today
04 Sep 2024

India’s digital economy and the draft Digital Competition bill: Some global questions loom large

India's Draft Digital Competition Bill 2024 (DCB) proposes to identify systemically significant digital enterprises and their associate digital enterprises, and to regulate their practices in relation to their core digital services.

Business Today
04 Sep 2024

GST panel defers decision on online gaming tax liabilities

The 54th GST Council, set to meet on September 9, is expected to revisit this issue, despite the panel's recommendation to delay it.

Business Today
04 Sep 2024

GST panel recommends tax exemption for foreign airlines

The GST panel decided that the exemption would apply to services imported by a foreign airline’s establishment in India from related entities abroad, provided that the airline has already paid the app

Business Today
04 Sep 2024

PM Modi’s Brunei, Singapore visit: Strengthening bilateral ties, new partnership avenues in focus

PM Modi's Brunei, Singapore visit: The prime minister is expected to discuss the existing trade relations as well as explore new avenues of partnership between India and Brunei and Singapore.

Business Today
04 Sep 2024

How CEOs can rewrite their organisational playbook for the AI era

According to the 2024 CEO Study by the IBM Institute for Business Value (IBV), 62% of Indian CEOs said the potential productivity gains from automation are so great that they must accept significant risk to stay competitive.

Business Today
02 Sep 2024

Nomura lowers its FY25 economic growth forecast for India to 6.7 percent

India's economy grew at 6.7 percent in the April-June quarter of FY25 over the growth rate of 8.2 percent in Q1 of FY 2023-24. This figure reflects a deceleration from the 7.8 percent growth seen

Business Today
02 Sep 2024
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