Tag: IDFC First Bank

GST on UPI transactions: Government denies reports of levying GST on UPI transactions over Rs 2000 | India-Business News

Business
The government on Friday denied reports suggesting GST levying on UPI transactions exceeding Rs 2,000, calling such claims “completely false, misleading, and without any basis.”In an official statement, the finance ministry said, “Currently,...

No GST on UPI transactions over Rs 2,000, clarifies govt; terms rumors as baseless

Economy
The Ministry of Finance has categorically denied recent rumors suggesting that it is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. In an official statement issued...

RBI’s record $77.5 billion short positions may impact rupee liquidity and forex reserves

Economy
The Reserve Bank of India's net short positions in the dollar forward book may have to be rolled over and more could be...

A flexible MPC wary of accommodative turn, but may back measured rate cuts

Economy
Mumbai: The Reserve Banks of India's Monetary Policy Committee (MPC) may deliver interest rate cuts in a measured way and raise liquidity, but...

RBI expected to cut interest rates for first time in nearly five years

Economy
The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years this Friday on...

Ahead of Market: 10 things that will decide stock market action on Wednesday

Stocks
The Indian market ended in green on Tuesday, buoyed by strong gains in financial stocks. The rally came after the Reserve Bank of...

Growth seen at 6.1-6.8% for FY25 on 7-quarter Q2 low

Economy
A sharper-than-anticipated slowdown in economic expansion in the second quarter has prompted economists to slash their forecast on India's growth for fiscal 2025.Citing...

Forex reserves record biggest weekly drop as RBI moves to support Rupee

Economy
MUMBAI: India's foreign-exchange stockpile shrank the most on record last week, surpassing the absolute decline last seen during the peak of the global...

Industrial output expands 3.1% in September on base effect, festivals

Economy
NEW DELHI: India's industrial output rebounded in September, growing 3.1%, after contracting 0.1% in August - a 22-month low - driven by a...

Growth may have slipped in rainy Q2 but forecast for fiscal is sunny

Economy
India’s economic growth likely moderated in July-September, primarily due to a slowdown in consumption and investment amid heavy monsoon rains in several parts...

Festive Vibes: Economists see food inflation and geopolitical conflicts as possible headwinds

Economy
NEW DELHI: The festive season has brought some cheer to the economy with several data releases on Friday suggesting improved consumer sentiment, but...

Dragged down by Mumbai toll waiver, IDFC First Bank’s net profit drops 73%

Business
Mumbai: IDFC First Bank's second quarter net profit plunged over 73% to Rs 201 crore from over Rs 751 crore in...

GIFT Nifty: GIFT Nifty up 15 points; here’s the trading setup for today’s session

Stocks
Domestic markets opened higher on Monday but could not sustain the gains and closed near the day’s low as Nifty ended with a...

Nifty today: GIFT Nifty up 20 points; here’s the trading setup for today’s session

Stocks
Domestic markets remained under pressure for the third consecutive week, losing nearly half a percent as the corrective phase continued.In the absence of...

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