The Income Tax (I-T) department has set an unprecedented target for the financial year 2025–26: to settle over 200,000 cases at the Commissioner of Income Tax (Appeals) [CIT(A)] stage. The disputed amount involved stands at a staggering ₹10 lakh crore. This aggressive push represents a substantial increase from FY25, when 1,72,361 cases were resolved involving …
Urban India has witnessed a significant increase in life insurance ownership, which has now reached an all-time high of 78%, according to the India Protection Quotient (IPQ) 7.0 survey by Axis Max Life Insurance in partnership with Kantar. This milestone indicates a growing shift in the mindset of Indian consumers towards prioritising financial security over …
In a move to enhance the governance standards and maintain transparency within market infrastructure institutions, the Securities and Exchange Board of India (SEBI) has announced a crucial update. The regulator has introduced a mandatory cooling-off period for non-independent directors and public interest directors before they can be appointed to competing institutions such as stock exchanges, …
India has proposed a zero-tariff arrangement on select imports from the United States, including steel, auto components, and pharmaceuticals. The offer is part of ongoing trade discussions between the two countries and was made during a visit by Indian trade officials to Washington in late April, according to a Bloomberg report. Tariff Limits and Conditions …
The Reserve Bank of India (RBI) added over 57.86 metric tonnes of gold to its reserves during FY25. This brings the central bank’s total gold holdings to 879.59 tonnes as of March 31, 2025, up from 854.73 tonnes in September 2024. The addition came at a time when global gold prices rose by nearly 30% …
South Asia was jolted on April 22, 2025, by a terror attack in Pahalgam, sparking fresh diplomatic tensions between India and Pakistan. While the incident intensified regional unease, its aftershocks in financial markets played out quite differently on either side of the border. Indian Markets Defy Turbulence Contrary to expectations of volatility, Indian stock markets …
On May 5, 2025, the Sensex rose 0.37%, gaining 294.85 points to close at 80,796.84. The uptrend was driven by a sharp drop in crude oil prices, a weak dollar, and strong foreign institutional investor (FII) inflows into Indian equities. Sensex Weekly Expiry Day Brings 1 Stock in F&O As the Sensex weekly expiry approaches on Tuesday, …
In a major milestone for India’s energy sector, Reliance Industries (RIL), Shell, and Oil and Natural Gas Corporation (ONGC) have jointly completed the country’s first offshore decommissioning project. The consortium successfully dismantled the mid and south Tapti field facilities in the Arabian Sea, marking a historic moment in offshore energy infrastructure management. The Tapti Project: …
भारतीय स्टेट बैंक (एसबीआई) ने अपनी एटीएम लेनदेन नीतियों में बदलाव किए हैं, जो 1 फरवरी, 2025 से प्रभावी हुए। ये संशोधन एसबीआई और अन्य बैंक एटीएम का उपयोग करने वाले बचत खाताधारकों के लिए वित्तीय और गैर-वित्तीय दोनों एटीएम लेनदेन को प्रभावित करते हैं। अपडेट का उद्देश्य एटीएम उपयोग सीमाओं को मानकीकृत करना, डिजिटल …
Indian benchmark indices extended gains on Monday, May 5, 2025, buoyed by strong buying across key sectors and positive global cues. The BSE Sensex climbed 294.85 points (0.37%) to close at 80,796.84, while the NSE Nifty 50 advanced 114.45 points (0.47%) to settle at 24,461.15. Here are the top gainers and losers for the day: …
