1. Business & Economy

Business & Economy

28% GST on online gaming, casinos and horse racing from Oct 1: CBIC chief

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) is prepared to implement the 28 per cent GST (Goods and Services Tax) rate on online gaming, casinos and horse racing from October 1,…

India’s external debt edges past $629 billion

New Delhi: India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the debt-GDP ratio declined, RBI data released on Thursday showed. “The external debt to…

RBI’s MPC will not tinker interest rate, to maintain hawkish stance: Economists

Chennai: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the repo rate at their meeting next month but would try to manage liquidity with various instruments it has, said senior…

50% of workers likely to permanently shift to hybrid work globally

New Delhi: Nearly 50 per cent of employees are expected to permanently work in a hybrid or fully mobile fashion going forward, a report showed on Tuesday. The majority of businesses agree that hybrid work…

Sensex falls below 66K mark

New Delhi: BSE Sensex has fallen below the 66,000 mark on Monday as FIIs continue to press sales. BSE Sensex was down 163 points at 65,845 points. Infosys, L&T, Indusind Bank, Wipro, TCS were down…

India, US, UAE, Israel launch I2U2 Private Enterprise Partnership

United Nations: India and its I2U2 partners have launched an initiative to mobilise private sector capital and expertise to increase their potential in key areas of development. The US on Thursday signed a memorandum of…

Historic closing high for Nifty above 20k

New Delhi: Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark. Notably, it closed above this threshold, marking a historic closing high for Nifty, says Rupak De, Senior Technical analyst at…

Crypto market saw illicit transactions of $70 bn in 5 years: Report

New Delhi: The cryptocurrency market witnessed nearly $70 billion worth of illicit transactions in the last five years, a new report said on Tuesday. According to data presented by AltIndex.com, illicit crypto transactions increased by…

India imposes anti-dumping duty on select Chinese steel for 5 years

New Delhi: The Centre has imposed an anti-dumping duty on some Chinese steel for five years. The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at…

RBI to discontinue incremental cash reserve ratio requirement for banks, funds to be released in phases

New Delhi: The Reserve Bank of India (RBI) has decided to discontinue the requirement for scheduled banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net…

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