Business
Stock Market Highlights: Sensex ends flat; Nifty slips 24.60 points to settle at 24,055
Indian shares are expected to open marginally higher on September 1 after data showed the economy grew a stronger-than-expected 7.8% year-on-year in the April-June quarter, helped by robust investment, manufacturing and consumer demand. GIFT Nifty futures pointed to a positive start for the Nifty 50, which closed at a one-month low of 24,080.4 on August…
Shun foreign holidays, weddings abroad, buy gold only if needed: PM Modi’s ‘vocal for local’ pitch
PM Modi hailed India’s 7.8% GDP growth, says youth dreams need sustained effort NEW DELHI: Prime Minister Narendra Modi on Tuesday urged Indians to embrace the ‘vocal for local’ mantra, asking people to avoid foreign holidays, hosting weddings abroad and buying gold unless necessary, while hailing the country’s robust GDP growth. He linked the appeal…
India’s first 160 kmph Namo Bharat train service, also the fastest, began in 2023; now a Rs 450 crore, 110 MW solar plant will meet nearly 60% of Delhi-Meerut corridor’s power needs and cut electricity costs 25%
Namo Bharat trains have brought the Delhi-Meerut journey down to less than an hour, with trains operating at speeds of up to 160 kmph. In 2023, India saw the launch of its fastest commuter train service – the Regional Rapid Transit System (RRTS) train service, also called the Namo Bharat. Within years the entire corridor…
GST collections jump 14.8% to Rs 1.99 lakh crore in August
The government collected Rs 1,99,853 crore in gross GST revenue during August. NEW DELHI: The gross Goods and Services Tax (GST) revenue rose 14.8 per cent year-on-year to Rs 1,99,853 crore in August 2026, according to provisional government data released on Tuesday.Net GST revenue for the month, after refunds, increased 8.3 per cent year-on-year to…
Start with Rs 25,000 basic salary, end with Rs 1 crore corpus: How EPF compounding math can make you a crorepati at 8.25% interest in less than 30 years with 6% annual increment
Over time, the interest earned on the accumulated balance earns interest, allowing compounding to steadily increase your retirement savings. Being a crorepati and accumulating a corpus of over Rs 1 crore is often a financial goal for money. But when you are thinking of SIPs, mutual funds, stock markets, ETFs, gold, silver, one quiet savings…
UPI gets festive boost: Digital payments hit a record 24.51 billion transactions in August
Digital payments hit a record 24.51 billion transactions in August Unified Payments Interface (UPI) hit a new monthly high in August, with transaction volumes crossing 24 billion for the first time in a month and reaching 24.51 billion, according to data released by the National Payments Corporation of India (NPCI) on Tuesday.The record came as…
He hit Rs 1 crore net worth at 26, Rs 5 crore at 29 and Rs 7 crore at 31; how Bengaluru techie paid off property debt and survived a failed AI app on his financial independence, retire early journey
One individual on Reddit claims that he has achieved a net worth of Rs 7 crore at the age of 31. (Image for representative purpose) Financial independence has always been a talked about subject, what is changing however is the trend of FIRE – which means Financial Independence, Retire Early. Several people are sharing their…
Centre halves sugar stock limit for dealers to curb hoarding, price rise
NEW DELHI: Centre on Tuesday tightened the stock limit for sugar dealers, reducing it from 4,000 quintals to 2,000 quintals from September 15 to November 30, as it sought to curb hoarding and contain rising retail prices.The food ministry said the existing 4,000-quintal limit would continue in Kolkata and its extended metropolitan areas “considering the…
India’s tech workforce gets another jolt: Oracle is cutting around 3,000 jobs while Microsoft puts about 500 employees on PIPs as companies shift budgets towards newer skills
India’s IT hiring landscape is undergoing a significant change. Layoffs have headlined the global tech landscape for over a year now and the trend continues as the industry faces one its biggest disruptions in recent years. In India too the tech hiring and firing situation is evolving fast.Global tech giant Microsoft has put around 500…
India’s PMI slips to 52.8 as factory growth loses steam, hits five-year low
India Manufacturing PMI falls to 52.8 in August India’s manufacturing sector lost further momentum in August, with slower output and new orders dragging factory activity to its weakest level in five years. Employment also fell for the first time in two-and-a-half years, marking a broader slowdown in the sector.The seasonally adjusted HSBC India Manufacturing Purchasing…