MUMBAI: RBI is stepping up efforts to promote internationalisation of the Indian rupee by amending foreign trade rules to allow exporters more time to realise export proceeds when transactions are invoiced and settled in rupees, signalling a clear policy preference for Indian rupee-denominated trade.Under the revised 2026 regulations, exporters invoicing in foreign currency will continue…
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
US stocks opened higher on Friday, keeping Wall Street close to record levels as the first week of the quarterly earnings season drew to a close, supported by selective bank results and a rebound in oil prices.In early trade, the S&P 500 rose 0.3 per cent, while the Dow Jones Industrial Average added 116 points,…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Friday said the regulator is working towards introducing a series of reforms in the capital markets, including some that would make it easier for foreign investors to invest in India. The Sebi chief also said that the regulator was working on a plan to introduce a closing auction…
Reserve Bank of India Governor Sanjay Malhotra has welcomed the Ministry of Statistics and Programme Implementation’s (MoSPI) decision to revise the base year for key macroeconomic indicators — Consumer Price Index (CPI), Gross Domestic Product (GDP) and Index of Industrial Production (IIP) — saying the exercise will better reflect changing consumption patterns and economic structures…
The government is likely to peg the fiscal deficit at 4.3 per cent of GDP in the next financial year beginning April 2026, while continuing with double-digit growth in capital expenditure, rating agency ICRA said in its pre-Budget expectations on Friday.ICRA said it expects a shortfall of about Rs 1.3 lakh crore in net tax…
India’s market regulator Sebi has approved a major change in how closing stock prices are discovered, moving away from the existing volume-weighted average price method to an auction-based system aimed at improving transparency, fairness and execution quality at the market close.The new framework, called the Closing Auction Session (CAS), will be rolled out in phases…
At the heart of this agenda lies infrastructure. Sustained public CapEx has been one of the most defining features of recent budgets. (AI image) By Arnab Basu, Partner and Chief Industries Officer, PwC IndiaAs India advances towards achieving the government’s vision of Viksit Bharat, Budget 2026 arrives at a poignant moment in the country’s economic…
India is set to continue driving South Asia as the world’s brightest growth region even as a majority of global economists brace for weaker economic conditions in 2026, according to the World Economic Forum’s latest Chief Economists Outlook released on Friday.The survey, published ahead of the annual WEF meeting in Davos next week, shows that…