RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.
In a surprising development, jailed conman Sukesh Chandrasekhar has written to Finance Minister Nirmala Sitharaman, seeking permission to declare an overseas income of $2.7 billion. Chandrasekhar, who is currently in prison for multiple fraud cases, expressed his willingness to pay taxes on the declared amount, aiming to comply with Indian tax regulations. Chandrasekhar’s
Sensex loses 800 points, Nifty drops 1% as global market weakness impacts investor sentiment.
Microsoft confirms no layoffs in India, despite global workforce reductions, ensuring job security for its Indian employees.
India's industrial output increased by 5.2% year-on-year in November, marking a six-month high, driven by strong performances in manufacturing, electricity, and mining sectors.
Following its initial export to Armenia, India's Akash-1S air defence system is set to secure a second international buyer in 2025.
Apple's iPhone exports from India cross ₹1 lakh crore, with production and value addition rising significantly in 2024.
India's coal imports increased by 2% to 182.02 million tonnes during April-November 2024, with a notable decline in November imports due to sufficient domestic supply.
India's direct tax collections for FY2024-25 exceed budget estimates by ₹73,000-83,000 crore, though tax buoyancy shows a decline.
Analysts foresee significant impacts on international trade due to geopolitical tensions and potential US-led trade wars under President Trump's second term.
