Economy News ( English version)

Maruti Q4 Results Live: The auto major is expected to announce its Jan-March quarter results today. Track the live updates here

Tata Electronics, an arm of Tata conglomerate, has recently taken a bold step in India's tech sector by initiating a partnership aimed at localizing the production of iPhone casings. This move signifies a shift from reliance on China.

HCL Tech Q4 result today: Investors will likely keep a close eye on the management commentary on deal wins ramp-up and the demand scenario when HCL Tech discloses its Q4FY24 earnings.

Chief Executive Officer Satya Nadella’s strategy of integrating AI technology from OpenAI into Microsoft’s entire product line is showing significant returns, as evidenced by an uptick in customers utilising AI tools for tasks like summarising documents and generating content

Google's parent company, Alphabet, reported Q1 net income for the quarter at $1.89 per share, topping forecasts of $1.53 per share. Alphabet also declared its first-ever dividend at 20 cents per share, and confirmed plans to repurchase another $70 billion in stock. Its shares soared 13%.

India's finance ministry highlighted the country's "promising economic performance," citing resilient growth, stable prices, and a strong external sector in its monthly economic report for March. Despite global uncertainties, India's economy remains robust, driven by factors like domestic demand, investment, and manufacturing momentu […]

World Bank predicts high interest rates in 2024 and 2025 due to stable commodity prices. Geopolitical tensions and US rates influence RBI decisions. Commodity-price spikes pose inflation risks, challenging progress made in reducing inflation over the past two years.

The income tax department has extended the deadline for charitable and religious trusts to submit registration applications with tax authorities until June 30. The Central Board of Direct Taxes (CBDT) had previously extended the due date for filing Form 10A and Form 10AB for such trusts, institutions, and funds multiple times, with the last extension until S […]

Many businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extension of the notice issuance deadline, have taken their grievances to various high courts, contesting the legal legitimacy of the notices.

Despite global economic uncertainties, India's services exports surged by 11.4% to $345 billion in 2023, outpacing China, whose shipments from the sector shrank by 10.1% to $381 billion, as per a UNCTAD report. Key sectors driving India's growth include travel, transport, medical, and hospitality services. The world's services exports, exceedi […]