Finance

India’s Retail Inflation Surges to 5.49% in September, Driven by Soaring Vegetable Prices

By Editor - News Desk October 15, 2024

India’s retail inflation jumped to 5.49% in September, crossing the central bank’s target range, largely due to a base effect and a sharp rise in vegetable prices. According to data from the Ministry of Statistics and Programme Implementation, the Consumer Price Index (CPI)-based inflation saw a notable increase from 3.65% in August, exceeding the 5.1% […]

Finance

Rupee Falls Below 84 Mark as FPIs Exit, Oil Prices Rise

By Editor - News Desk October 12, 2024

On Friday, the Indian rupee breached the 84-mark, closing at 84.06 against the US dollar due to sustained foreign portfolio investor (FPI) outflows and rising crude oil prices. The domestic currency hit an intra-day low of 84.07 before settling at this new record low. RBI’s Intervention Amid Rupee Weakness The Reserve Bank of India (RBI) […]

Business Finance

Supreme Court Validates 90,000 Income Tax Notices, Settles Major Dispute

By BPN News Desk October 4, 2024

In a significant judgment, the Supreme Court has validated approximately 90,000 income tax reassessment notices, ending a prolonged legal dispute over the applicability of amendments to the Income Tax Act. The ruling, delivered on Thursday, clarified that the amended provisions introduced by the Taxation and Other Laws (Relaxation & Amendment of Certain Provisions) Act

Business Finance

GST Growth Slows to 6.5% in September Amid Concerns Over Tax Buoyancy

By BPN News Desk October 2, 2024

The growth in monthly Goods and Services Tax (GST) collections further weakened in September, with gross collections rising by just 6.5% compared to a 10% increase in August. The total GST revenue for September stood at Rs 1.73 lakh crore, up from Rs 1.62 lakh crore in the same month last year. This slowdown comes […]

Business Finance

Manba Finance Shares to List Today with Expected 35% Listing Gains

By BPN News Desk September 30, 2024

Shares of Manba Finance are scheduled to make their debut on Dalal Street today. Despite anticipation for a strong listing, investors are advised to moderate their expectations due to a significant drop in the grey market premium (GMP) ahead of the stock’s market entry. The recent rise in broader market volatility has affected Manba Finance’s […]

Business Finance

Gold Prices Surge to ₹76,700 Amid Positive Global Cues; Experts Share Outlook for MCX Gold Rate

By BPN News Desk September 23, 2024

Gold Price Today: Yellow Metal Hits ₹76,700 as Global Demand Surges on Fed Rate Cuts Gold prices soared in the domestic futures market on Monday, with 24-carat gold reaching ₹76,700 per 10 grams in Delhi, driven by strong demand and positive global cues. Investor sentiment remained optimistic after the US Federal Reserve cut interest rates […]