Maharashtra and Karnataka emerged as the top magnets for foreign investment in India, together accounting for more than half of the country’s total FDI.Overall, India’s total FDI, comprising equity inflows, reinvested earnings, and other capital, rose by 14% to $81.04 billion in 2024–25, marking the highest inflow in the past three years. In the previous…
NEW DELHI: Market sentiment this week will be shaped by global trends, key inflation data, and foreign investor activity. Investors will also keep a close watch on monsoon progress and updates on international trade talks, according to market experts.“Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as…
NEW DELHI: India’s top four oil suppliers and key members of the OPEC+ alliance, Saudi Arabia, Russia, Iraq, and the UAE have significantly ramped up production and directed a major portion of the additional output to India.Their collective market share has reached approximately 78% in India, the world’s third-largest oil consumer. These nations have supplied…
NEW DELHI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar was Saturday appointed as a part time member of the 16th Finance Commission, a finance ministry statement said. He will hold office from the date of assuming charge until the submission of the commission’s report or Oct 31, 2025, whichever is earlier.Sankar’s appointment…
Hennes & Mauritz (H&M), the fast-fashion retailer that’s been listed on the Swedish stock market since 1974, is steadily moving back towards private ownership. The founding family has stepped up purchases of H&M shares, spending more than $6.6 billion since 2016 to amass nearly two-thirds control and fuelling speculation it could take the Stockholm-based company…
In a move to bolster digital consumer protection, the Central Consumer Protection Authority (CCPA) has directed all e-commerce platforms to conduct self-audits within three months to identify and eliminate “dark patterns” — manipulative interface designs that mislead users into unintended actions.Issuing an advisory on Saturday, the Consumer Affairs Ministry said platforms must evaluate their digital…
NEW DELHI: Foreign Portfolio Investors (FPIs) displayed negative investment patterns in the stock market during the initial week of June. FPIs withdrew a total of Rs 8,749 crore from equities between June 2 and June 6, according to NSDL data. This shows that FPIs remained net sellers in the stock market for most of the…
In a significant compliance shift under the Goods and Services Tax regime, the GST Network (GSTN) on Saturday announced that the monthly GST payment form GSTR-3B will become non-editable from the July 2025 tax period onward. Starting with returns filed in August 2025, taxpayers will no longer be able to manually alter the tax liability…
Eminent economist S Mahendra Dev has taken charge as Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), marking the end of a leadership vacuum at the top of the advisory body since last November.Dev, former Vice Chancellor of the Indira Gandhi Institute of Development Research, succeeds Niti Aayog Vice Chairman Suman Bery,…
As artificial intelligence and automation continue to reshape industries, the real challenge lies not in job displacement but in ensuring fair access to the wealth created by machines, Zoho cofounder Sridhar Vembu has said.In a hypothetical future where software development becomes fully automated—a possibility Vembu believes is still distant—millions of engineers could lose their jobs….