Economy news

• Satellite-Based Toll Collection System Announced; Free Travel Up To 20 Km – Check Implementation Date

  15-04-2025 11:05 via zeenews.india.com
  
  Satellite-Based Toll Collection System: The Global Navigation Satellite System (GNSS)-based electronic toll collection (ETC) system is designed to enhance existing tolling methods and provide greater convenience to commuters.  
  
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• India-Pakistan tension, FPIs to decide trend on D-Street

  28-04-2025 01:40 via timesofindia.indiatimes.com
  
  Geopolitical tensions between India and Pakistan, triggered by the Pahalgam terror attack, are casting a shadow over Dalal Street. Market sentiment will also be influenced by foreign fund trading patterns, quarterly earnings from Indian and US companies, and overall trends in US markets.
  
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• External probe: IndusInd's derivatives loss at Rs 2k crore

  28-04-2025 01:28 via timesofindia.indiatimes.com
  
  IndusInd Bank will absorb a Rs 1,956 crore charge in Q4 FY25 due to discrepancies in derivatives valuation, following an independent investigation prompted by RBI's tightened rules. Internal derivative trades between the asset-liability management desk and treasury led to overstated earnings. The bank plans to hold employees accountable for these lapses.
  
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• Amid global headwinds, FMCG cos bet on India

  28-04-2025 01:22 via timesofindia.indiatimes.com
  
  Global consumer giants are increasingly relying on India as a key growth market amid headwinds in developed regions like the US. Companies such as P&G, Reckitt, and PepsiCo report steady consumption in India, driven by government incentives, tax relief, and a shift towards branded products.
  
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• India may seek parity on tech access in trade pact with US

  28-04-2025 01:15 via timesofindia.indiatimes.com
  
  India is expected to request the US to relax export restrictions and provide access to vital technologies, similar to the treatment given to allies like Australia, the UK, and Japan, as part of the proposed bilateral trade agreement. India will also seek duty concessions for labor-intensive sectors, while the US aims for similar concessions in sectors like automobiles and agriculture.
  
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• ICICI Lombard to up health biz investments, look at buyouts

  28-04-2025 01:10 via timesofindia.indiatimes.com
  
  ICICI Lombard General Insurance aims to bolster its health insurance business to align with its overall market presence, addressing previous underinvestment in the sector. While open to acquisitions that complement its organic investments, particularly in retail health, the company is prioritizing internal growth initiatives. This strategic shift comes as the growth in motor insurance slows down.
  
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• India committed to reforms: RBI governor

  28-04-2025 01:03 via timesofindia.indiatimes.com
  
  RBI Governor Sanjay Malhotra affirmed India's commitment to market reforms despite global protectionism, highlighting liberalisation in key sectors and near-total FDI automatic route. He projected India as a dynamic powerhouse, crediting monetary policy for taming inflation with recent rate cuts. India's economy demonstrates resilience with strong growth, aiming to be a developed nation by 2047.
  
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• Apps gave Apple $5.3 billion in India in 2024

  28-04-2025 00:57 via timesofindia.indiatimes.com
  
  Apple's iOS app ecosystem in India has generated significant revenue, reaching $5.3 billion in 2024. This surge has propelled Apple's overall business engagement in India to nearly $27 billion, encompassing iPhone sales, exports, and app store transactions. Indian developers have greatly benefited, with their global earnings tripling in the last five years, marking a substantial economic impact.
  
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• India, As Fastest Growing Economy, Is Ideal Investment Destination: RBI Governor

  27-04-2025 20:06 via zeenews.india.com
  
  The RBI Governor pointed out that India offers a policy ecosystem that is transparent, rule-based, and forward-looking -- an ideal setting for long-term and productive investments. 
  
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• SEBI Joins DigiLocker To Reduce Unclaimed Assets, Protect Nominees’ Interests

  27-04-2025 19:49 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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• Indian Railways Big Update: New Travel Relief For Senior Citizens, Women, And Specially-Abled People; Check Lower Berth Quota For...

  27-04-2025 16:23 via zeenews.india.com
  
  In a recent update, Indian Railways has rolled out several special provisions, including the allocation of lower berths to senior citizens, women, and individuals with disabilities.  
  
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• ‘A game-changer for taxpayers': GST Appellate Tribunal rules notified - all you need to know

  27-04-2025 14:23 via timesofindia.indiatimes.com
  
  India's GST dispute resolution is set for a major overhaul with the notification of the GSTAT Procedure Rules, 2025, effective April 24, 2025. These rules establish a digital-first, transparent framework to tackle pending GST appeals, reducing reliance on High Courts. The move aims to expedite resolutions, boost taxpayer trust, and align with India’s ease of doing-business goals.
  
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• China lowers tax refund threshold for tourists in bid to boost consumer spending

  27-04-2025 13:30 via timesofindia.indiatimes.com
  
  China reduces the minimum purchase for foreign tourists to claim tax refunds. The new limit is 200 yuan. Earlier it was 500 yuan. The maximum rebate limit is now 20,000 yuan. The government aims to increase tax refund shops. They also plan to simplify the refund process. This move is to boost domestic consumption.
  
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• Toyota Motor weighs partial investment in potential $42 billion buyout of key supplier

  27-04-2025 12:24 via timesofindia.indiatimes.com
  
  Toyota Motor is weighing options, including a partial investment, in a potential buyout of Toyota Industries, a key parts supplier. Reports suggest a $42 billion deal, but Toyota Industries denies receiving a direct proposal. The move could unwind cross-shareholdings and improve corporate governance, allowing Toyota Industries to focus on long-term growth.
  
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• India's Forex Reserve Rises For 7th Week, Gradually Climbing Towards All-Time High

  27-04-2025 11:25 via zeenews.india.com
  
  The latest RBI data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 578.49 billion.
  
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• Market Valuation Of Six Top 10 Firms Jumps By Rs 1.18 Lakh Crore This Week

  27-04-2025 11:21 via zeenews.india.com
  
  Meanwhile, the combined market capitalisation of the top 10 most-valued companies surged by Rs 3.84 lakh crore last week, driven by a strong bullish trend in equities 
  
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• Vedanta Group plans potash mining venture, eyes Rajasthan block with potential lithium reserves

  27-04-2025 11:16 via timesofindia.indiatimes.com
  
  Hindustan Zinc Limited plans to enter potash mining in Rajasthan. The company aims to reduce India's reliance on potash imports. Hindustan Zinc will expand beyond zinc, lead, and silver into strategic critical minerals. They secured a gold block in Rajasthan and a tungsten block in Andhra Pradesh. The company reported a significant increase in net profit.
  
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• India to seek relaxed export controls and tech access in bilateral trade deal with US: Report

  27-04-2025 10:50 via timesofindia.indiatimes.com
  
  India is set to formally request the US for relaxed export controls and greater access to advanced technologies, similar to that of close allies, under the proposed bilateral trade agreement. New Delhi seeks enhanced access in sectors like telecommunications, AI, and semiconductors, while pushing for tariff reductions on labor-intensive exports.
  
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• Royal Enfield Hunter 350 Motorcycle Launched in India, Price Starts At Rs...; Check Features

  27-04-2025 10:21 via zeenews.india.com
  
  Royal Enfield Hunter 350 Motorcycle India Launch: The bike first launched in August 2022, the Hunter 350 has crossed a milestone of 5,00,000 units sold globally. 
  
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• US stocks rebound to face litmus test amid earnings reports and global trade uncertainty

  27-04-2025 09:54 via timesofindia.indiatimes.com
  
  US stocks face a crucial week with major earnings reports from Apple and Microsoft on the horizon. Global trade developments introduce potential market volatility, while investors weigh the impact of tariff tensions. Key economic indicators, including the US GDP report and jobs data, will influence market direction amid concerns about potential earnings slowdowns and economic growth.
  
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• Market Outlook: Q4 Results, Auto Sales And Global Cues Key Triggers For Next Week

  27-04-2025 09:18 via zeenews.india.com
  
  The positive momentum was largely supported by progress in the bilateral trade agreement between India and the United States, alongside easing concerns over the US-China trade dispute, both of which lifted investor sentiment. 
  
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• FPIs infuse Rs 17,425 crore investment in Indian equities this week

  27-04-2025 08:45 via timesofindia.indiatimes.com
  
  Foreign investors injected Rs 17,425 crore into Indian equities during April 21-25, driven by positive global cues like stable US markets and easing trade tensions. India's strong economic fundamentals, moderating inflation, and promising monsoon forecasts further boosted investor confidence. Despite earlier outflows this month, renewed interest stems from a weakening US dollar and India's resilient growth prospects.
  
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• TikTok to launch e-commerce platform in Japan

  27-04-2025 07:43 via timesofindia.indiatimes.com
  
  TikTok is preparing to launch its e-commerce platform, TikTok Shop, in Japan, allowing users to sell products via livestreams. This move follows its recent expansion into Europe and is part of TikTok's strategy to diversify its business amid regulatory challenges in the US, where its future remains uncertain due to divestiture requirements.
  
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• Hybrid mutual fund inflows ease in FY25, but investor interest and AUM surge

  27-04-2025 07:25 via timesofindia.indiatimes.com
  
  Hybrid mutual funds experienced a dip in net inflows to Rs 1.19 lakh crore in FY25, an 18% decrease, due to market volatility and fewer new fund offers. Despite this, investor participation surged, with folios reaching 1.56 crore and AUM growing by 22% to Rs 8.83 lakh crore. Their balanced structure continues to attract investors seeking stability amid market uncertainties.
  
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• TCS leads as market cap of 6 six of top 10 most valued firms jumps by Rs 1.18 lakh crore

  27-04-2025 06:49 via timesofindia.indiatimes.com
  
  Last week, six of India's top ten most valuable companies experienced a significant surge in their combined market valuation, totaling Rs 1,18,626.24 crore, driven by a broader market rally. TCS emerged as the top gainer, while Bharti Airtel saw the biggest drop in valuation. Reliance Industries retained its position as the most valued company.
  
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• Switching Jobs? EPFO's Big Update Will Simplify Your PF Transfer — Details Here

  27-04-2025 06:34 via zeenews.india.com
  
  Starting January 2025, employees no longer need employer approval for most provident fund (PF) transfers. 
  
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• India shines for global consumer goods giants despite urban demand slowdown and global market turmoil

  27-04-2025 05:45 via timesofindia.indiatimes.com
  
  Despite global market challenges, India stood out for consumer goods companies. Urban demand is slow, but rural markets are improving. Firms like Unilever and P&G see India as a key growth driver. Premium products are doing well. Pernod Ricard and Heineken report strong demand. Companies are optimistic about India's growth potential in the current fiscal year.
  
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• Centre Launches Portal, Guidelines For Electronics Component Manufacturing Scheme; Aims For Large Investments

  27-04-2025 05:45 via zeenews.india.com
  
  Union Minister for Electronics and Information Technology Ashwini Vaishnaw launched the guidelines and portal on April 26. 
  
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• Government unveils Rs 23,000-crore electronics components manufacturing scheme to boost domestic production

  27-04-2025 04:46 via timesofindia.indiatimes.com
  
  The government has launched the Electronics Components Manufacturing Scheme (ECMS) with a budget of Rs 23,000 crore to enhance domestic electronics production. The scheme prioritizes firms with strong local design capabilities and quality standards. It aims to increase India's global electronics manufacturing share to 8 per cent and attract significant investments, creating numerous jobs and boosting production value.
  
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• Mistake In Your Aadhaar Date Of Birth? Here's How To Fix It– Check Step-by-Step Guide

  27-04-2025 03:59 via zeenews.india.com
  
  Issued by the Unique Identification Authority of India (UIDAI), it carries your personal and biometric details. 
  
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