Business News

Business

Startups Enjoy Tax Breaks and Scrutiny-Free Status: A Boost from the Income Tax Department

The Income Tax Department offers tax exemptions and no scrutiny for DPIIT-recognized startups, supporting the ecosystem. Non-compliant companies may face examinations. The 2019 ref...

Business

EU Reportedly Postpones Action Against Apple and Meta Amid US Tariff Negotiations

The European Union has postponed penalizing Apple and Meta amid trade negotiations with the US, focusing on issues like personalized ads on Meta platforms and Apple's App Store pay...

Business

Government Clarifies: No GST on UPI Transactions Above Rs 2000, Dismisses Rumors as Baseless

The government has denied rumors of imposing GST on UPI transactions over Rs 2000, stating no such proposal exists. UPI's growth is supported by government incentives, with transac...

Business

Nintendo Unveils Start Date for Switch 2 Pre-Orders in the US with Exclusive Bundle Details

Nintendo confirms US pre-orders for Switch 2 start April 24, priced at $449.99, with a Mario Kart World bundle at $499.99. Launch set for June 5, 2025, despite tariff delays.

Business

CBIC Streamlines GST Registration: A 7-Day Approval Guarantee to Boost Business Efficiency

The CBIC has mandated a 7-day GST registration approval process to address delays and unnecessary documentation, streamlining business operations and ensuring fairness.

Business

Indian Markets Soar: A 6% Rally in 4 Days Brings Investors Rs 25.77 Lakh Crore Windfall

Indian markets saw a 6% rally in 4 days, boosting investor wealth by Rs 25.77 lakh crore, driven by foreign inflows, RBI rate cuts, and positive economic indicators.

Business

India's Forex Reserves Surge for Sixth Straight Week, Hitting $677.835 Billion

India's foreign exchange reserves increased by $1.567 billion to $677.835 billion, marking the sixth consecutive week of growth. Gold reserves and foreign currency assets also saw ...

Business

Sharp 21% Decline in India’s Oilmeals Export Signals Global Demand Shifts in FY25

India's oilmeals export saw a 21% decline in FY25 due to reduced demand and shipments, with Bangladesh, South Korea, and Thailand as top importers experiencing significant drops.