Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2% to…
NEW DELHI: The Reserve Bank of India (RBI) is likely to announce a third consecutive 25 basis points (bps) rate cut on June 6, amid easing inflation and global economic uncertainty driven by US tariff actions. With consumer price inflation remaining below the 4 per cent median target, experts believe the move would support growth…
NEW DELHI: Air India, owned by the Tata Group, is reportedly negotiating with Airbus and Boeing regarding a substantial aircraft acquisition, including approximately 200 additional narrow-body aircraft, supplementing their significant 2023 purchase as part of their extensive renovation programme, according to industry sources quoted by Reuters.The negotiations, which could encompass hundreds of aircraft across various…
The falling oil prices, influenced by US President Donald Trump‘s policies and OPEC+’s increased output quotas, have pushed crude costs to their lowest since the Covid pandemic, benefiting consumers whilst creating challenges for producers.Brent North Sea crude currently trades below $65, significantly lower than the $120 peak witnessed in 2022 after Russia’s invasion of Ukraine.The…
NEW DELHI: Housing sales in India’s tier-II cities witnessed a mixed performance during the January-March quarter of 2025, with a decline in volume but an increase in value, according to data from real estate consultancy PropEquity, as reported by PTI.A total of 43,781 housing units were sold across 15 tier-II cities in Q1 2025, marking…
NEW DELHI: The Reserve Bank of India‘s upcoming interest rate decision, along with key macroeconomic data releases and global market cues, will play a pivotal role in determining equity market movements this week, according to market analysts.Marking the opening for June, market sentiment will also be shaped by trading patterns of Foreign Institutional Investors (FIIs)…
NEW DELHI: India’s aviation sector is witnessing strong growth, supported by enhanced connectivity, improved airport infrastructure, and emerging potential in sustainable aviation fuel (SAF) development, the International Air Transport Association (IATA) said on Sunday.Speaking at a media briefing during the World Air Transport Summit (WATS) in Delhi, Amitabh Khosla, IATA’s Country Director for India, Nepal…
NEW DELHI: EY India Chairman and CEO Rajiv Memani has taken charge as the new president of CII, the move coming at a time when the govt negotiates a bilateral trade agreement (BTA) with the US while working out free trade agreements with other countries and regions.Memani takes over from ITC Chairman & MD Sanjiv…
NEW DELHI: India is projected to witness the fastest growth in its ultra-high-net-worth individual (UHNWI) population globally, increasing by 50 per cent between 2023 and 2028, according to a report by McKinsey & Company and The Business of Fashion (BoF), as quoted by ANI.This anticipated surge aligns with a robust outlook for India’s luxury market,…
NEW DELHI: IndiGo‘s CEO Pieter Elbers on Sunday addressed the Turkish Airlines agreement termination deadline of August 31 set by the government.“This is the government’s decision and we will comply with the government’s decision. We have the coming month to find a solution for the customers which were booked,” he said.Further talking about the airlines’…