India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…
Tesla Chief Executive Officer Elon Musk purchased about more than 2.5 million shares worth $1 billion, according to a regulatory filing, reported news agency AP.The billionaire bought the stock indirectly through a trust on September 12, the filing showed. Tesla shares jumped as much as 7.3% before the start of regular trading, putting the stock…
Faster adoption of Artificial Intelligence (AI) across industries has the potential to add $500-600 billion to India’s GDP by 2035, according to a Niti Aayog report.The report, titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’, projects that AI could significantly raise productivity and efficiency, making it a decisive lever for India’s growth…
US President Donald Trump urged NATO nations to implement substantial tariffs ranging from 50 to 100 per cent on China. (AI image) China has reacted strongly to the Donald Trump administration’s call to G7 and NATO to impose tariffs on countries that import Russian crude oil. The world’s second largest economy has called US statements…
ITR filing FY 2024-25: Choosing to file directly through the income tax e-filing website provides an advantage. (AI image) ITR filing FY 2024-25 due date today: It’s the last date for filing the Income Tax Returns for AY 2025-26. The Income Tax Department had extended the ITR due date from July 31, 2025 every year…
Experts say bond investors need to be cautious because chances of a rate cut have dwindled, while inflation may see a comeback. (AI image) Bond investors who had pinned hopes on aggressive rate cuts this year have learnt a hard lesson. Despite big rate cuts, which should have pushed up bond prices, bonds have faced…
Natural gas will be the only fossil fuel to record an increase in the energy mix of the United States, China, and India by 2050, even as coal and oil usage decline globally, according to a sector update by Nuvama Institutional Equities, citing S&P Global Commodity Insights.“By 2050, gas shall be the only fossil fuel…
Gold prices took a breather last week after touching all-time highs on both Comex and the domestic front earlier in the week. (AI image) Gold price prediction today: Gold prices will be in focus with the US Federal Reserve expected to cut rates this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal…
The Income Tax department on Sunday dismissed social media claims suggesting that the deadline for filing Income Tax Returns (ITRs) had been extended beyond September 15, clarifying that the due date remains unchanged.In a post on X, the department said: “A fake news is in circulation stating that the due of filing ITRs (originally due…
Market experts indicate that the short-term outlook remains positive, despite possible fluctuations around central bank announcements. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday, While Nifty50 was above 25,100, BSE Sensex was up over 40 points. At 9:17 AM, Nifty50 was trading at…
