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GST collections in April hit record high of Rs 2.37 lakh crore - details here

India's Goods and Services Tax (GST) revenue soared to a record Rs 2.37 lakh crore in April, marking a 12.6% year-on-year increase. This figure surpasses the previous high of Rs 2.10 lakh crore from April 2024.

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Business

‘That’s Biden’: Donald Trump deflects blame as US economy contracts

US President Trump downplayed the US economic contraction, blaming his predecessor and citing import surges before his tariffs. Aides offered conflicting explanations, while Democrats criticized Trump's economic policies. Markets reacted negatively amid tariff concerns, with economists warning of a policy-induced downturn unless tariffs are reversed.

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Business

Asian shares climb despite US economic woes as markets weigh Trump tariffs

Asian stock markets experienced gains following Wall Street's rebound, despite ongoing concerns about the economic impact of US tariffs. Japan's Nikkei 225 rose after the Bank of Japan held interest rates steady, while investors await the US jobs report for further economic insights.

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Bank Holidays in May 2025: On what days are banks closed? Check state-wise full list

Bank Holidays May 2025: In May 2025, bank holidays will vary across Indian states, impacting banking services. Closures are scheduled for Labour Day/Maharashtra Day, Rabindranath Tagore Jayanti, Buddha Purnima, State Day, Kazi Nazrul Islam's Birthday, and Maharana Pratap Jayanti.

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Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore

Adani Ports reported a robust 50% surge in net profit, reaching Rs 3,023 crore for Q4 FY24, driven by strong cargo growth and operational efficiency. Revenue climbed 23% to Rs 8,488 crore, with EBITDA up 24%. Mundra Port became India's first to exceed 200 MMT in a year.

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Business

ITR filing FY 2024-25: New ITR-1 form notified with major changes - here’s what taxpayers should know

The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals with long-term capital gains up to Rs 1.25 lakh from listed equities. These forms feature modifications for deductions and require detailed TDS information. This change aims to enhance taxpayer services and encourage voluntary compliance by reducing the complexity for small taxpayers.

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Business

Elon Musk denies Tesla CEO replacement plans amid board drama

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Business

IndusInd Bank and Kotak Mahindra Banks revise FD rates: One hikes, the other trims

IndusInd Bank has increased its fixed deposit interest rates for various tenures, especially short-term ones, while Kotak Mahindra Bank has marginally reduced rates on specific tenures and introduced a new short-term FD. IndusInd Bank's rates now range from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens, whereas Kotak Mahindra Bank offers 2.75% to 7.

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Business

Is Tesla looking for a new CEO? As Elon Musk focused on White House, board looked for his successor, says report

Tesla's board has reportedly explored potential successors for Elon Musk, prompted by his involvement with the Trump administration. Shareholders are concerned about declining sales and Musk's political affiliations, which have led to protests and damage to Tesla facilities.

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Business

Dealing with Trump’s tariffs: Apple exports 97.6% of iPhones to US from India to preempt higher tariffs on imports from China

Apple dramatically increased iPhone exports from India to the US in March 2025, reaching 97.6% of total exports, driven by concerns over potential tariffs on Chinese goods. This shift involves expanding Indian production with manufacturers like Tata Electronics and Foxconn, aiming for a complete transition of US-bound iPhone production from China to India by 2026.

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Business

Coldplay’s Ahmedabad concerts generated Rs 641 cr economic impact: Report

Coldplay's Ahmedabad concerts generated a Rs 641 crore economic impact, boosting the city's economy by Rs 392 crore. Attracting over 2.5 lakh visitors, primarily from outside the city, the event spurred spending on hospitality and transport.

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Business

Ather IPO subscribed 1.4 times

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Business

LTCG of Rs 1.25 lakh from equities? Return filing gets simpler

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Business

Optiemus, Dixon sign deals with Taiwan companies

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Business

IOC pauses oil sourcing talks with Russia's Rosneft

IndianOil has paused term deal talks with Rosneft due to market dynamics, not government pressure, while increasing US energy imports to reduce the trade surplus. A five-year gas contract with Trafigura, benchmarked to US rates, signals potential American LNG shipments. Russian oil's share in IndianOil's crude mix decreased from 31% to 22%.

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Record high gold prices hit buyers but ETFs find favour

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Exporters set to get collateral-free loans

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Credit growth to farm sector slows to 10.4%: RBI data

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