RBI Monetary Policy Committee keeps repo rate unchanged at 5.25%
In its December monetary policy, the RBI had cut the repo rate by 25 basis points to 5.25 percent from 5.50 percent and decided to continue with a neutral stance.
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Budget tax tweaks to revive buyback momentum of cash-rich IT large caps
Expect IT outsourcing leaders with eye-popping cash on their balance sheets to announce buybacks. After the budget reclassified the repurchase exercise as capital gains, lowering the tax outgo for investors, the $280-billion industry could return to its favourite mode of…
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India monitoring evolving crypto trading to ensure tax compliance, top tax official says
India is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, according to a top tax official.
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Amit Rautela appointed CFO of Patratu Vidyut Utpadan Nigam, Boosting NTPC JV performance
Amit Rautela has been appointed as the new Chief Financial Officer of Patratu Vidyut Utpadan Nigam, a joint venture between NTPC and the Jharkhand government. Rautela, who previously held a similar role at Meja Urja Nigam Private Limited, brings over…
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India Semiconductor Mission 2.0 to ensure long-term policy stability, says MeitY's S Krishnan
Speaking to the media, he stated that the second phase of the mission will build upon the momentum generated by the initial program. Krishnan noted that the Prime Minister has already indicated that support for the sector will continue into…
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Gold, silver set for weekly losses on tech selloff and stronger dollar
Gold and silver are recovering from early losses but face a second consecutive weekly decline. A global tech stock sell-off and a strengthening US dollar are impacting precious metals. Silver experienced a significant drop, hitting a multi-month low. Investors are…
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