Business

Mumbai: India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said Monday. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP,...

New Delhi: Dutch investment firm Prosus has written off $578 million (about Rs 4,800 crore) that it invested in edtech firm Byju's, the company said Monday. In September 2022, Prosus had lost significant influence on Think and Learn, which owns Byju's brand, as its stake...

Mumbai: Benchmark equity indices ended marginally higher Monday, helped by buying in bank stocks and firm beginning in European markets. The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08. In early trade, the benchmark had declined 463.96 points, or 0.60...

New Delhi: Meta Monday announced the availability of its AI assistant 'Meta AI' in India on WhatsApp, Facebook, Messenger, Instagram, and meta.ai portal. With this, people can use Meta AI in feeds and chats across its apps to get things done, create content, and deep...

New Delhi: S&P Global Ratings Monday retained India's GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand. In its economic outlook for Asia Pacific, S&P Global Ratings said India's economic...

New Delhi: Stock markets will take cues from trading activity of foreign investors and global trends this week with benchmark equity indices likely to face volatility amid the scheduled monthly derivatives expiry, analysts said. Moreover, factors such as the progress of monsoon and Brent crude...

New Delhi: Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth. This came following a net withdrawal of Rs 25,586 crore...

New Delhi: AI will replace people with people, contrary to the common narrative, Deloitte's AI Executive Rohit Tandon said, emphasising that the future belongs to AI-human collaboration, not replacement, as he envisions a revolutionary era where technology empowers, rather than replaces, the workforce. In an...

New Delhi: In order to reduce government litigations, Union Finance Minister Nirmala Sitharaman Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh...

New Delhi: Finance Minister Nirmala Sitharaman Saturday underlined Centre's support to states through timely tax devolution and GST compensation arrears to stimulate growth. At the pre-budget meeting with state finance ministers, Sitharaman also nudged states to take advantage of the scheme under which the Centre...