Economy

Machine learning, AI models to power RBI’s deep check

Economy
MUMBAI: The Reserve Bank of India (RBI) will use artificial intelligence (AI) and machine learning (ML) tools to predict future outcomes, spot abnormal activities, and manage risks in a fast changing financial landscape.Besides catching hints...

S&P 500, Dow, Nasdaq edge lower as Walmart sinks on cautious outlook

Market
US stocks pulled back on Thursday as investors scrutinized Walmart (WMT) earnings and trod carefully amid the fallout from President Trump's planned tariffs and policy shifts. The S&P 500 (^GSPC) dropped...

Smokey Affair: GST on cigarettes, tobacco products may be raised

Economy
India could consider raising goods and service tax on cigarettes and other tobacco products once it stops levying a compensation cess on these...

Price of parboiled rice increases by Rs 10 per kg

Economy
Kolkata: Price of parboiled rice, a staple in most Indian households, has shot up by ₹10 per kg after Bangladesh rice traders started...

Trump thinks it would be ‘very unfair’ if Elon Musk opened up a Tesla factory in India

Economy
Donald Trump has said he thinks any plans Tesla might have to open a factory in India would be 'very unfair’. The comment,...

ICRA sees 6.4% growth in Q3; Bank of Baroda forecasts 6.6%

Economy
New Delhi: The Indian economy likely grew by 6.4% in the third quarter of the current fiscal, driven by government spending, rating agency...

Urban unemployment rate steady at 6.4%; female joblessness dips

Economy
New Delhi: India's urban unemployment rate remained stable at 6.4% in the third quarter of the current financial year, official data released on...

FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes

Economy
Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC) under the Central...

Citizen-generated data to aid tracking of SDGs

Economy
The ministry of statistics and programme implementation (MoSPI) is looking to utilise citizen-generated data (CGD) to monitor sustainable development goals (SDGs), it said...

Data helps Taxman unearth foreign assets worth Rs 22,000 cr

Economy
New Delhi: The Income Tax Department has detected ₹22,000 crore during a drive against undisclosed foreign assets and investments, a senior official told...

India vows to buy more US goods, January merchandise trade deficit as expected

Economy
India on Monday vowed to buy more industrial goods from the United States, days after Prime Minister Narendra Modi's U.S. visit, while data...

Impact of US tariff reciprocity on Indian exports likely to be limited: SBI

Economy
The impact of U.S. tariff reciprocity on Indian exports is expected to be minimal, despite concerns over trade restrictions, according to a report...

Rise in quality awareness among manufacturers: CII

Economy
NEW DELHI: Indian manufacturers are witnessing a rise in quality awareness, with the automotive and chemicals sectors leading the adoption of global certifications...

Announcement of India-US trade agreement has boosted biz confidence: Goyal

Economy
The announcement to negotiate a bilateral trade agreement between India and the US has boosted business confidence in both countries, as it can...
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