The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday. The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15,

The 2024 Fairwork India Ratings have revealed a concerning trend for major ride-hailing platforms Uber and Ola, as well as logistics startup Porter, which continue to lag at the bottom of the index designed to assess the fairness with which companies treat their gig workers. In stark contrast, Tata-owned BigBasket, Zomato, Swiggy, and Urban Company topped the ratings, mirroring last year's results. This year's study evaluated 11 platforms, including Amazon Flex, BluSmart, Fl

Team India's campaign in the Women's T20 World Cup 2024 hit a rough patch following their opening loss to New Zealand. Despite bouncing back with a convincing victory over Pakistan in their second match, the road to semi-final qualification remains fraught with challenges. As New Zealand prepares to face Australia, Team India finds itself rooting for the White Ferns to enhance their chances of progressing in the tournament. India's prospects for moving beyond the group s

Maldives President Mohamed Muizzu's state visit to India represents a pivotal moment in the relationship between the two nations, particularly following recent diplomatic tensions caused by derogatory remarks made by Maldivian ministers about Prime Minister Narendra Modi. During his visit, President Muizzu proposed a Rs 3,000 crore currency swap deal aimed at bolstering the Maldives' foreign exchange reserves amid ongoing economic challenges. Foreign Secretary Vikram Misri b

Income Tax Return (ITR) filing is a critical component of financial compliance for individuals, especially for Non-Resident Indians (NRIs). This process involves reporting income, disclosing taxes paid, and claiming any potential refunds from the Indian tax department. For NRIs, understanding and complying with India's ITR filing requirements can be complex, given varied income sources and intricate tax laws. They often face the challenge of potential double taxation, necessitat

The Securities and Exchange Board of India (SEBI) has unveiled a series of new measures aimed at strengthening the equity index derivatives market, focusing on investor protection and enhanced market stability. These initiatives follow recommendations from SEBI’s Expert Working Group on derivatives and the Secondary Market Advisory Committee. Key changes include the mandatory upfront collection of option premiums from buyers, a move designed to mitigate undue intraday leverage

The India Meteorological Department (IMD) has announced that the 2024 monsoon season concluded with a notable 7.6% above average rainfall across the country. Key regions including Rajasthan, Gujarat, western Madhya Pradesh, Maharashtra, Telangana, and Andhra Pradesh experienced significant excess rainfall, highlighting a surplus compared to typical seasonal patterns. The withdrawal of the South West monsoon began on September 23, which is six days later than the usual date of Septem

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

As we approach International Coffee Day on October 1, 2024, coffee enthusiasts are eager to indulge in the rich flavors and aromas that distinct global destinations have to offer. A recent survey by Booking.com reveals that 85% of Indian travelers are keen to explore indigenous foods and flavors this year, and what better way to experience local culture than through its coffee? Here are six must-visit destinations for coffee lovers, each known for its unique brews and vibrant coffee culture.

n a hard-fought battle during the AFC U20 Asian Cup Qualifiers, India’s U20 football team faced off against the formidable Iranian side, ultimately succumbing to a narrow defeat by a score of 1-0. The match took place amidst high hopes and expectations, as the Indian squad aimed to showcase their talent against one of Asia’s traditional football powerhouses. From the outset, the game was marked by resilience and determination from the Indian players, who managed to conta

Following the announcement of its initial public offering (IPO), Swiggy has drawn significant attention from various celebrities in sports and entertainment, acquiring stakes in the restaurant aggregator before it hits Dalal Street. Notable investors include cricket legends Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, filmmaker Karan Johar, and actor Ashish Chowdhry. According to the Economic Times, around 200,000 shares of Swiggy's parent company, Instamart, have already been

India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t

The Kolkata Knight Riders (KKR) have officially announced the appointment of Dwayne Bravo as their new mentor for the upcoming Indian Premier League (IPL) 2025 season. This decision comes shortly after Bravo's announcement of retirement from all forms of cricket following a challenging end to his Caribbean Premier League (CPL) 2024 season due to injury. Bravo steps into the role previously held by Gautam Gambhir, who left KKR to take on the position of head coach for Team India.

The Indian Institute of Management Bangalore (IIMB) is set to launch the 71st cohort of its Executive General Management Programme (EGMP) in Pune, specifically tailored for working professionals in the region. This part-time programme aims to equip experienced professionals with advanced management skills, enabling them to advance into senior roles. Interested candidates must submit their applications by October 7, with classes commencing on November 4. Applications can be made through the II

UK Prime Minister Keir Starmer recently voiced strong support for India’s bid for permanent membership in the United Nations Security Council (UNSC) during the UN General Assembly's seventy-ninth session in New York. His endorsement follows similar pledges from US President Joe Biden and French President Emmanuel Macron, indicating a growing consensus among major powers on the need for UNSC reform. Currently, the UNSC is comprised of five permanent members—Russia, th

The Tata Group is making significant strides into the semiconductor industry, as Chairman N Chandrasekaran announced plans to establish new manufacturing facilities in various locations across India, including Assam and Ozhur in Kerala. Chandrasekaran emphasized the group’s commitment to building a robust semiconductor ecosystem in the country. The main facility, a semiconductor fabrication plant (Fab), is under construction in Dholera, Gujarat. This state-of-the-art facility

Elon Musk publicly criticized the UK government after reports surfaced that he had not been invited to an upcoming investment summit. Musk took to X (formerly Twitter) to express his discontent, stating that the UK is releasing convicted pedophiles while imprisoning individuals for their social media comments. This response comes amid ongoing tensions in Britain following violent anti-immigration riots, where far-right groups targeted asylum seeker accommodations and mosques. The La

In a significant update for Indian nationals in China, the Indian Embassy in Beijing has mandated that all citizens residing in the country must register with the mission to avail themselves of future consular services. This advisory, issued on Thursday, is particularly important for students and other expatriates who require assistance from the embassy. To streamline the process, the embassy has provided multiple options for registration. Indians can reg

As the Indian cricket team prepares for the crucial second Test against Bangladesh at Kanpur's Green Park Stadium, all eyes are on KL Rahul, who has struggled since his return from injury. With a batting average around 35 and lackluster performances raising doubts about his position, the pressure is on for the experienced player. Indian batting coach Abhishek Nayar remains optimistic, highlighting the need for support during challenging phases. Nayar acknowledged Rahul's pas