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Business

India's Government Unveils Comprehensive 360-Degree Incentives to Boost Key Sectors

The Indian government is enhancing its Production-Linked Incentive (PLI) scheme with a 360-degree approach to support key sectors like footwear, textiles, and specialty chemicals, ...

Business

Indian Banks Set for Rs 20k Crore Windfall as RBI Eases NPA Sale Rules to ARCs

India's public sector banks are poised for a Rs 20,000 crore earnings boost as the RBI allows profit booking on security receipts from bad loans sold to ARCs, with NARCL playing a ...

Business

Income Tax Department Imposes Hefty Rs 944 Crore Penalty on IndiGo's Parent Company

InterGlobe Aviation, IndiGo's parent company, faces a Rs 944.2 crore penalty from the Income Tax department for 2021-22. The company disputes the order as erroneous and plans legal...

Business

PNB Aims to Revolutionize Customer Service and Expand Retail & Farm Lending for a Brighter Future

Punjab National Bank (PNB) is enhancing customer service and focusing on retail, agriculture, and MSME lending under CEO Ashok Chandra. Initiatives include a QR code feedback syste...

Business

EY Forecasts Robust 6.5% Growth for India's Economy in Fiscal Year 2026

EY's Economy Watch forecasts a 6.5% growth for India's economy in FY26, with a 6.4% projection for FY25, emphasizing the need for fiscal policy adjustments to support growth. Stay ...

Business

Global Markets Brace for Impact: How April 2 Tariffs and Eid-Ul-Fitr Could Shape Investor Sentiment

Analysts predict that the April 2 reciprocal tariffs and the observance of Eid-Ul-Fitr will significantly influence equity investors' sentiment. Markets close for Eid, adding compl...

Business

Haryana's Groundbreaking Amnesty Scheme Offers Significant GST Penalty Relief for 2017-2020

The Haryana government's Amnesty Scheme offers GST taxpayers relief on interest and penalties for 2017-2020, provided the principal tax is paid by March 31, 2025. Joint Excise and ...

Business

Indian Government to Acquire 48.99% Stake in Vodafone Idea, Converting Rs 36,950 Crore Spectrum Dues into Equity

The Indian government is set to increase its stake in Vodafone Idea to 48.99% by converting Rs 36,950 crore spectrum dues into equity, while promoters retain operational control am...