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The Union Budget should prioritise simpler and more predictable tax laws, alongside tax neutrality for cross-border and corporate reorganisations, to strengthen India’s appeal as a long-term destination for foreign direct investment (FDI), tax and economic experts said, reported PTI.They argued that rationalising the tax framework and lowering the cost of capital would complement ongoing reforms…
Kuwait Gold Prices Stable Near Record Highs Amidst Market Volatility Gold prices in Kuwait remained stable at $4,595 per ounce after a week of volatility in precious metals markets, closing firmly despite recent profit-taking and fluctuations in investor sentiment. According to a report by Kuwait’s Dar Al-Sabaik, gold futures for February delivery dipped slightly but…
MUMBAI: IDBI Bank reported a net profit of Rs 1,935.5 crore for the quarter ended Dec 31, 2025, up 1.4% from Rs 1,908.3 crore a year earlier, aided by provision write-backs and improved asset quality. However, a sharp drop in core net interest income results in shares of the bank falling nearly 6%.Net interest income…
MLK Day 2026: Will Banks, Schools, Post Offices and Markets Be Open in the US? As Americans prepare for Martin Luther King Jr Day on Monday, January 19, 2026, the US is once again pausing to honour the civil rights leader’s legacy. MLK Day, observed on the third Monday of January each year, is a…
Global growth is projected to stay resilient at 3.3% in 2026 and 3.2% in 2027, broadly matching the estimated 3.3% outturn in 2025, according to the latest World Economic Outlook Update released by International Monetary Fund. The forecast noted a slight upward revision for 2026 and no change for 2027 compared with October 2025 projections.Beneath…
The rupee weakened for the fourth straight session on Monday, breaching the 91-per-dollar level for the second time in a month before closing 14 paise lower at 90.92 (provisional) against the US dollar, pressured by sustained foreign fund outflows and risk aversion linked to global trade uncertainties, dealers said.At the interbank foreign exchange market, the…
The International Monetary Fund (IMF) has raised India’s growth outlook for 2025 to 7.3 per cent, citing better-than-expected corporate earnings in the third quarter and strong momentum heading into the fourth, while also signalling that the global economy has largely absorbed the immediate impact of tariff-related shocks.In its latest World Economic Outlook, the IMF raised…
Representative image (AI-generated) As the Union Budget 2026 approaches, education experts have urged the government to shift focus from expanding enrolment to improving quality, infrastructure and future-ready skills. The experts added that it is crucial to harness India’s young population and fast-growing higher education sector.India has the world’s second-largest education system, with nearly 40 per…
Gold prices remained high on Monday as investors continued to seek safety amid rising geopolitical tensions and trade-related uncertainties.Gold and silver prices surged to fresh record levels as escalating geopolitical risks and shifting US monetary expectations boosted demand for safe-haven assets. Renewed unrest in Iran, fresh US tariff threats against several European countries over Greenland…
India is on track to overtake Germany and emerge as the third-largest economy by 2028. (AI image) India is all set to join China as an upper middle income country by the end of this decade, according to an analysis by the State Bank of India (SBI). India’s Gross Per Capita Income or GNI is…
