Union Finance Minister Nirmala Sitharaman on Tuesday said the fiscal deficit for 2024-25 is estimated at 4.9 per cent of GDP.
Olivia Gadecki and John Peers battled back from a set down to defeat compatriots Kimberly Birrell and John-Patrick Smith
Dimuth Karunaratne's Test career ended in a whimper as Sri Lanka's most prolific Test opener fell caught behind to Kuhnemann after making 14.
India's economic growth rate decelerated to 6.2 per cent in the October-December quarter this fiscal, mainly due to poor performance by mining, manufacturing and all other sectors, with the exception of agriculture. However, on a sequential basis, the economic growth rate in the third quarter showed improvement over 5.6 per cent recorded in the second quarter.
Spin twins Matthew Kuhnemann and Nathan Lyon combined to dismantle Sri Lanka and bowl Australia to a crushing victory by an innings and 242 runs in the opening Test in Galle on Saturday.
Punjab FC will face Bengaluru FC next on February 1, while Jamshedpur FC will host FC Goa on February 2.
Manchester City bounced back after conceding an early goal to beat Chelsea 3-1 on Saturday
'If the Bill and Melinda Gates Foundation cuts funds, there could be more impact.'
India's spinners were the key architects of the bowling performance. Varun Chakravarthy (2/45) and Kuldeep Yadav (2/40) were the standout performers, while Jadeja (1/30) and Axar Patel (0/29 in 8 overs) kept the pressure on with their economical spells.
Gurjant Singh (10th minute) gave Soorma the lead early in the game while Jugraj Singh (56th) equalised for the Tigers towards the end.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
A summary of Thursday's Europa League quarter-finals second-leg.
Fitch Ratings on Monday said India's pace of debt reduction is gradual, leaving room for a downside risk to sovereign rating in the eventuality of a significant economic shock. However, the rating agency expressed confidence in India's ability to stick to its medium-term fiscal framework, which aims to reduce debt and bring it on a downward trajectory over time.
In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
Mohun Bagan Super Giant remain unbeaten at home with a 2-0 win over FC Goa
The results of the assembly elections will be announced on October 8.
Metropolitan Stock Exchange of India (MSE) plans to raise Rs 120 crore from investors in an attempt to stay afloat. The beleaguered exchange's board has approved issuance of 1.19 billion equity shares of face value Rs 1 at a premium of Rs 1 through private placements, according to a disclosure on its website.
Continuing to push back against the stringent quality of service (QoS) norms brought in by the Telecom Regulatory Authority of India (Trai), telcos have informed the Department of Telecommunications (DoT) that collection and submission of monthly and site-to-cell-level data should be eased, officials and industry sources said. In place since October last year, the QoS norms call for data for network availability, call drop, voice packet drop rate in uplink and downlink, among other parameters, to be collected at the cell level.
India is preoccupied with analysing the US sanctions, which may cut off India's access to discounted Russian crude and force it to buy at market prices.
The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
Budget 2025-26 delivers a carefully calibrated strategy-stimulating demand and investment while keeping fiscal discipline intact. In an environment marked by global trade disruptions, and a softening in urban consumption, Finance Minister Nirmala Sitharaman has taken a measured approach.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
India's pace talisman Jasprit Bumrah's absence will certainly hurt India, but the team's quality batting and spin bowling make them title contenders alongside South Africa and Pakistan in the Champions Trophy.
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier.
Jannik Sinner retained his Australian Open title with an emphatic 6-3, 7-6(4), 6-3 win over Alexander Zverev on Sunday
Durban's Super Giants pip Pretoria Capitals
Paris St Germain seized control of their Champions League playoff with a commanding 3-0 first-leg win at Brest on Tuesday, driven by a brace from forward Ousmane Dembele.
Shrachi Rarh Bengal Tigers emerged victorious in the men's Hockey India League, securing the title with a thrilling 4-3 win over Hyderabad Toofans in the summit clash.
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.
The dramatic moves of Donald Trump, which have shaken up the global order, dominated the discussion. A sense of bewilderment prevailed, but there was also expectation that President Trump would settle down to a more traditional style of governance after a time of shock and awe, observes Ambassador T P Sreenivasan, an attendee at literary festivals in Calicut, Jaipur, Kochi, Sharjah and Thiruvanathapuram.
'The bull market cycle ran for five years. It's the end of that cycle.' 'The next cycle is a down cycle, and in that down cycle, you will see the Sensex falling from their highs of around 68,000 to maybe 40,000-50,000 at the bottom of the cycle.'
Commercial banks in India reported a sixth consecutive year of rise in their net profits in 2023-24 while bad loans continued to fall, according to the Reserve Bank of India's (RBI's) annual publication "Trends and Progress of Banking in India", released on Thursday. "Banks' profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent," the report said.
Under capital expenditure, Rs 48,614 crore has been set aside for aircraft and aero engines while Rs 24,390 crore has been allocated for the naval fleet.
India's economy contracted by 7.3 per cent in fiscal 2020-21. The pandemic, it said, will leave new economic scars and deepen pre-pandemic constraints.
'It's not really up to Rohit Sharma.' 'The chairman of selectors has the power to do what's best for Indian cricket, so it's not so much about Rohit himself deciding what should be the future.'
Punjab FC ended their seven-game winless streak in the Indian Super League (ISL) with a thrilling 3-2 victory over Bengaluru FC.
The revised estimated expenditure for FY20 has been pegged at Rs 26.99 lakh crore and receipts at Rs 19.32 lakh crore, she said.
