A key industry demand relates to strengthening the Customs Authority for Advance Rulings (CAAR). (AI image) As the Centre readies the Union Budget 2026-27, industry and tax experts have flagged mounting customs litigation, uneven trade facilitation and gaps in digitalisation as areas needing urgent policy attention. In its pre-Budget memorandum, FICCI has outlined a series…
Infosys outperformed its larger peer, TCS, with a stronger performance in the Dec quarter. Its shares rose as much as 8% in early trade on the NYSE on Wednesday after the company reported higher-than-expected sales, driven by strong large deal wins, and upgraded its revenue growth guidance for FY26.It posted sequential revenue growth of 0.6%…
NEW DELHI: Two-wheeler sales in India crossed the two crore mark in 2025, rising about 5% from around 1.9 crore units in 2024, even as volumes remained below the record peak of 2.1 crore units sold in 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).Exports rose 24.2% in 2025 to…
Maharashtra has emerged as the top-performing state in NITI Aayog’s fourth Export Preparedness Index (EPI) 2024, followed by Tamil Nadu and Gujarat, according to the government think tank’s report released on Wednesday, PTI reported.The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness…
Indian stock markets will remain closed for trading on January 15 after both the BSE and NSE revised their calendars in view of municipal corporation elections in Maharashtra, turning what was earlier marked as a settlement holiday into a full-fledged trading holiday.The Bombay Stock Exchange said trading will be suspended across equities, equity derivatives, commodity…
The government is likely to retain its strong focus on public capital expenditure in the upcoming Union Budget 2026, with the capex outlay expected to rise by 10–15 per cent from the current level of Rs 11.21 lakh crore, even as private sector investment continues to remain cautious, experts said, as reported PTI.The Budget, which…
US retail sales rose a better-than-expected 0.6% in November as holiday shopping gathered momentum, following a revised 0.1% decline in October, according to data released by the Commerce Department. The report was delayed by more than a month due to the 43-day federal government shutdown, AP reported.Retail sales had edged up 0.1% in September, after…
The most visible aspect of a fund is its past returns. That’s also the most dangerous thing to obsess over. (AI image) What really makes a mutual fund ‘Good’? It’s not last year’s return, the TV ad or the number of stars on the brochure.Let me guess what happens when you start looking at mutual…
Industry body CII has called on the government to issue clear green hydrogen mandates, supported by incentives, to accelerate demand creation and help India transition towards a cleaner industrial economy, PTI reported.The Confederation of Indian Industry said sectors that currently rely heavily on grey hydrogen — such as refining, fertilisers and natural gas — are…
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
