The World Bank has revised its climate action strategy, removing a crucial funding target, while India advances its domestic green bond market and climate institutions, signalling a shift towards national-led climate resilience. The World Bank has extended its Climate Change…
Life Insurance Corporation of India reports record quarterly profits amid signs of industry stress, as rising economic and geopolitical tensions influence policyholder behaviour and market dynamics. Life Insurance Corporation of India is seeing the strain of global economic and geopolitical…
While foreign investors withdraw from Indian equities, a robust revival in bank lending and corporate borrowing underpins the country’s resilient domestic growth story, says Jefferies’ Christopher Wood. Christopher Wood, Jefferies’ global head of equity strategy, says India’s domestic growth story…
The Indian rupee declines against the US dollar as crude oil prices rebound and geopolitical tensions escalate, adding pressure to India’s import-dependent economy amid shifting US Federal Reserve expectations. The Indian rupee started the week weaker against the US dollar…
Gold prices in India declined on Monday following a seven-week rally, as investors lock in profits and await US inflation data that could influence Federal Reserve interest rate decisions. Gold prices in India eased on Monday after last week’s sharp…
Apple is set to introduce Apple Pay in India as early as October, initially supporting credit cards from Visa and Mastercard, but not UPI, raising questions about how quickly the service will expand and compete in the country’s bustling payments…
Taxpayers in India can expect faster refunds with accurate, promptly e-verified returns, but delays still occur due to mismatches and workload, making early filing advisable to expedite the process. Many taxpayers breathe easier once an income tax return is filed,…
The Chennai tax tribunal has highlighted that genuine deductions should not be denied solely due to technical errors in filings, reinforcing the principle that substance outweighs form when the entitlement is clear. A Chennai tax tribunal has sided with a…
The Reserve Bank of India introduces new rules from October 1 requiring banks to apply uniform interest rates across branches for retail deposits, aiming to improve transparency and liquidity management amid evolving funding strategies. The Reserve Bank of India will…
As India’s elderly population surges, more retirees aspire to work for purpose and income, yet obstacles such as tax implications, digital illiteracy, and job availability hinder their efforts, highlighting a evolving landscape in post-retirement employment. For many Indians, retirement is…
