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RBI plans to let banks fund corporate acquisitions with tighter safeguards
Business

RBI plans to let banks fund corporate acquisitions with tighter safeguards

Mumbai, Oct 25: The Reserve Bank of India (RBI) has proposed to permit banks to extend loans to Indian companies for acquiring full or controlling stakes in domestic or overseas firms as part of strategic investments aimed at creating long-term value.Only listed companies with a satisfactory...
India to work closely with UN to amplify Global South’s voice, says minister
Business

India to work closely with UN to amplify Global South’s voice, says minister

New Delhi, Oct 25: India will continue to engage constructively with the United Nations (UN) to advance peace, sustainable development and the voice of the Global South, according to Union Minister Manohar Lal.In his address at the 80th United Nations Day celebrations as the chief guest at an...
Apple’s first foldable iPhone expected in 2026, aims to redefine user experience
Business

Apple’s first foldable iPhone expected in 2026, aims to redefine user experience

New Delhi, Oct 25: Apple’s foldable, expected around late 2026, could redefine consumer expectations and push foldables into a new mainstream adoption phase, according to a new report.The biggest structural shift is expected in late 2026, when Apple’s first foldable iPhone is expected to...
Centre approves ₹300 crore for Kerala’s Palakkad Industrial Smart City project
Business

Centre approves ₹300 crore for Kerala’s Palakkad Industrial Smart City project

Thiruvananthapuram Oct 24: The Central government has sanctioned the third instalment of Rs 300.2 crore for the Palakkad Industrial Smart City Project, a key component of the Kochi-Bengaluru Industrial Corridor.The funds have been allocated to the Kerala Industrial Corridor Development...
GST rate cuts spur festive sales, reflect strong market sentiment: FM Sitharaman
Business

GST rate cuts spur festive sales, reflect strong market sentiment: FM Sitharaman

New Delhi, Oct 24: India’s festive retail sales have reached an all-time high this year, highlighting the impact of recent economic policies, including GST rate rationalisation, Union Finance Minister Nirmala Sitharaman said on Friday.Speaking at the inaugural event of the new CGST Bhawan in...
India remains resilient with diverse export base despite global headwinds
Business

India remains resilient with diverse export base despite global headwinds

New Delhi, Oct 24: India’s exports grew 5.19 per cent year-on-year between April and August 2025 to $346.1 billion, compared to $329.03 billion during the same period in 2024 despite the uncertainty in global markets.The performance comes on top of 7.1 per cent growth in exports in 2024...
UPI hits record single-day payments of Rs 1.02 lakh crore amid GST rate cuts
Business

UPI hits record single-day payments of Rs 1.02 lakh crore amid GST rate cuts

New Delhi, Oct 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate...
GST rejig set to boost Tripura’s economy, from handloom to fruit processing
Business

GST rejig set to boost Tripura’s economy, from handloom to fruit processing

New Delhi, Oct 23: Recent GST rate cuts are reducing costs, boosting affordability, and expanding market access for Tripura's handloom, tea, sericulture, and food-processing sectors, the government informed on Thursday.From Risa and Pachra–Rignai textiles to Tripura Queen Pineapple products...
New banking rules on nomination for accounts, lockers to take effect from Nov 1
Business

New banking rules on nomination for accounts, lockers to take effect from Nov 1

New Delhi, Oct 23: The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1 this year, the Finance Ministry announced on Thursday.The provisions that will kick in from next month relate to nomination facilities in respect of...
FM Sitharaman says Diwali sales hit record Rs 6.05 lakh crore, highest ever
Business

FM Sitharaman says Diwali sales hit record Rs 6.05 lakh crore, highest ever

New Delhi, Oct 22: Finance Minister Nirmala Sitharaman on Wednesday highlighted the surge in Diwali sales this year which touched a record Rs 6.05 lakh crore, driven by GST rate cuts and strong demand for ‘swadeshi’ products.The Finance Minister cited the statement of the Confederation of All...
IndiGo to resume operations from Delhi Airport’s Terminal 2 starting October 26
Business

IndiGo to resume operations from Delhi Airport’s Terminal 2 starting October 26

New Delhi, Oct 21: IndiGo will resume operations from Terminal 2 of Delhi’s Indira Gandhi International Airport starting October 26 after a temporary shift earlier this year due to maintenance work, the India’s low-cost carrier said on Tuesday.The move is part of the airline’s revised terminal...
Centre disburses Rs 730 crore to strengthen rural governance in two states
Business

Centre disburses Rs 730 crore to strengthen rural governance in two states

New Delhi, Oct 21: The Centre has released over Rs 730 crore to strengthen rural local bodies in Gujarat and Haryana as part of the 15th Finance Commission grants during the financial year 2025-26.A sum of Rs 522.2 crore has been disbursed to Gujarat for all 38 District Panchayats, 247...
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