Tag: News

Rupee turns flat at 85.79 against US dollar in early trade

The rupee turned flat at 85.79 against the US dollar in early trade on Monday as positive domestic equity markets failed to boost sentiment amid sustained...

Debt mutual funds may get tax relief on capital gains

The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed...

Cabinet approves additional subsidy of Rs 3,850 crore for DAP to maintain retail prices

The government announces subsidies under the NBS mechanism twice a year before the commencement of kharif and rabi crops sowing. The government on Wednesday extended...

GST mop-up at Rs 1.77 lakh crore in December

The GST Council is likely to discuss rate rationalisation–hiking GST rates for some items while cutting pruning them for others–of about 150 items in...

Sasan Power makes $150 million debt repayment, strengthening financial position

The company operates the world’s largest integrated coal-based power plant with a capacity of 3960 MW in Madhya Pradesh, supplying electricity at India’s lowest...

NPS equity returns slide to 15.86% as markets lose steam in October-December

With equity benchmarks having slid over 10 per cent since end-September 2024, annual returns on monies parked in NPS equity schemes have dropped further to 15.86...

EV sales reach close to two million in 2024; e2Ws post growth of 34%

Industry experts pointed to initiatives such as PM E-Drive, FAME II and reduced import duties as key factors driving the adoption of EVs Total electric vehicle...

Gold set to shine brighter in 2025

Prices in the international market have also come down with the spot gold on COMEX hovering around $2,624.50 per ounce, down from $2,801.8 per...

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Sharjah Islamic Bank approves 20% cash dividend

Abdul Rahman Al Owais, Chairman of the Board of...

Saudi Aramco 2025 net profit falls 12%

Saudi Aramco reported a decline in full-year 2025 net...

UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

Surging crude prices test central bank plans and household...

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

Bank removes charges on withdrawals and debit card replacements...

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s...