Economy news

• Indian Startup Ecosystem Raises Over $180 Million This Week

  12-04-2025 20:01 via zeenews.india.com
  
  The country was at the third position globally in terms of funding raised for the fintech sector in Q1 2025, following the US and the UK. 
  
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• UK lawmakers approve rescue of British Steel in emergency parliamentary session

  12-04-2025 18:50 via timesofindia.indiatimes.com
  
  UK Parliament convened an emergency session. They passed a law to prevent the closure of British Steel's Scunthorpe plant. The government can now direct the company and secure jobs. Jingye Group cited financial losses and tariffs. Prime Minister Keir Starmer met with steelworkers. The plant is vital for UK steel production. The government may consider future state ownership.
  
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• Which ITR Form Is Right For Senior Citizens In FY 2024-25? Check Income Tax Slabs Under New Tax Regime

  12-04-2025 15:36 via zeenews.india.com
  
  ITR Forms 2025-26 For Senior Citizens: Adding further, many senior citizens mistakenly assume that filing returns isn't necessary if tax is already deducted at source (TDS) on their income. However, this is incorrect.  
  
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• Trump’s tariff rattles US importers; Woldenberg’s CEO calls it 'end of days'

  12-04-2025 13:51 via timesofindia.indiatimes.com
  
  US businesses are reeling from former President Trump's unprecedented 145% tariffs on Chinese imports, implemented in retaliation for alleged unfair trade practices. Companies like Learning Resources face massive tariff bills, potentially crippling their operations, while others scramble to find alternative manufacturing locations. The unpredictable policy is causing widespread uncertainty and could significantly impact US GDP growth and inflation.
  
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• Bad News For TCS Employees! Company Delays Salary Hikes Due To THIS Reason

  12-04-2025 13:32 via zeenews.india.com
  
  TCS Delays Salary Hikes: The IT major’s consolidated net profit for Q4 fell nearly 2 per cent year-on-year (YoY) to Rs 12,293 crore. 
  
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• SEBI Warns Of Securities Market Frauds Via YouTube, Facebook, X And More

  12-04-2025 13:15 via zeenews.india.com
  
  SEBI noticed unregistered investment advisory services being provided by entities that falsely claim to be registered intermediaries with SEBI or by showcasing fake certificates purportedly issued by the regulator. 
  
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• India, 62 nations back global carbon tax on shipping at UN maritime meet

  12-04-2025 13:02 via timesofindia.indiatimes.com
  
  India supported a global carbon tax on shipping. The UN agency, IMO, passed the measure to cut ship emissions. Ships must use cleaner fuels or pay a pollution fee. The tax aims to generate funds for decarbonizing the shipping sector. Some nations opposed the move. Technical details are yet to be finalized.
  
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• Indian semiconductor market to double by 2030, hitting $108 billion: UBS report

  12-04-2025 12:03 via timesofindia.indiatimes.com
  
  India's semiconductor industry is poised for significant expansion. A UBS report projects a doubling of end-demand revenues by 2030. The market is expected to grow at a 15 per cent CAGR. Localisation efforts will contribute substantially to revenue. India's talent pool and supportive policies are key drivers. Multinational companies are diversifying supply chains, benefiting India.
  
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• Malaysian furniture exporters scramble to meet US demand before Trump’s 90 day tariff window closes

  12-04-2025 11:26 via timesofindia.indiatimes.com
  
  Malaysian furniture manufacturers are scrambling to fulfill orders from American customers before potential tariff hikes take effect under former President Trump's trade policy. With the US being their largest export market, factories are operating at full capacity to maximize shipments during the 90-day window of a lower 10% tariff rate.
  
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• Foot-and-mouth disease outbreak prompts mass animal culls and border closures in Central Europe

  12-04-2025 11:08 via timesofindia.indiatimes.com
  
  Central Europe is grappling with a foot-and-mouth disease outbreak, leading to mass animal culls and border closures among Hungary, Slovakia, and Austria. Originating in Hungary, the highly contagious virus has spread rapidly, prompting disinfection efforts and border restrictions. Amidst economic concerns and investigations into the outbreak's cause, affected farmers face significant challenges in rebuilding their livelihoods.
  
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• Tatkal Ticket Booking Timings Changed By Indian Railways? IRCTC Shares Latest Update On New Rule Claim- Check

  12-04-2025 09:58 via zeenews.india.com
  
  Tatkal Ticket Booking Timings: Several viral posts and media reports claimed that IRCTC has changed the tatkal ticket booking timings by bringing in new rules with effect from April 15.
  
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• tatkal booking timings changed railway ticket irctc unchanged new rules

  12-04-2025 09:55 via zeenews.india.com
  
  Tatkal Ticket Booking Timings: Several viral posts and media reports claimed that IRCTC has changed the tatkal ticket booking timings by bringing in new rules with effect from April 15.
  
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• How To Add Credit Or Debit Card On Google Pay In Android; Follow THESE Steps

  12-04-2025 09:07 via zeenews.india.com
  
  Credit Or Debit Card On Google Pay in Android: Google Pay uses a secure technology called 'tokenization', which replaces your actual card number with a virtual number, or "token". This feature is available only on the Android version of the Gpay application.  
   
  
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• Indian Stock Markets Wrap Up Week On Strong Note As Tariff Fears Ease

  12-04-2025 07:41 via zeenews.india.com
  
  Sector-wise, metals, energy, and pharma led the gains, while broader indices also saw a solid rebound, rising between 1.82 per cent and 2.86 per cent.
  
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• Changes To UPI: QR Share & Pay Method Unavailable For International Payments

  12-04-2025 07:21 via zeenews.india.com
  
  According to a recent NPCI circular, domestic QR share and pay transactions will still be allowed but with a cap of Rs 2,000 for payments to non-verified offline merchants (P2M). 
  
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• India's Auto Component Industry To Hit USD 145 Billion By 2030, Exports To Triple: NITI Aayog

  12-04-2025 06:44 via zeenews.india.com
  
  NITI Aayog's report outlines several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector. 
  
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• Bank Holiday: Are Banks Open Or Closed Today, April 12? Find Out Here

  12-04-2025 06:34 via zeenews.india.com
  
   As per RBI rules, all banks including public and private will stay shut on second and fourth Saturdays. 
  
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• Indian Consumer Sector To See Recovery From Q1FY26 Led By Rural Revival: Report

  12-04-2025 05:59 via zeenews.india.com
  
  The rise of quick commerce (QC) has led to market share gains at the expense of traditional channels, which is affecting the space.
  
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• How To Link Your Aadhaar With Ration Card: Online And Offline Methods Explained

  12-04-2025 03:45 via zeenews.india.com
  
  e-KYC, or Electronic Know Your Customer, is a digital process that verifies the identity of ration cardholders using their Aadhaar card.
  
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