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The Indian rupee gained 38 paise against the US dollar in early Thursday trading, reaching 90.40. This rise came from foreign investments and likely support from the Reserve Bank of India (RBI). The currency market saw good liquidity and positive sentiment despite ongoing global tensions and oil price concerns.The rupee opened at 90.55 and quickly…
NEW DELHI: The government on Monday said that India’s oil sourcing strategy will be guided by national interest and it will not depend on any single country for its needs, while highlighting that actual purchases are done by petroleum companies, with decisions dependent on market conditions, availability, pricing and risk assessment. The comments by foreign…
MUMBAI: Kotak Bank’s statement that it is not in the race to acquire IDBI Bank would mean that the success of govt’s plan to sell IDBI Bank will depend upon the interest of foreign bidders. Kotak Bank, while never an official contender, was long seen as a potential acquirer given the bank’s high capital adequacy…
Foreign investors returned to Indian stock markets in the first week of February, investing over Rs 8,100 crore after three months of heavy selling. This is after they sold nearly Rs 62,000 crore worth of shares in the last three months. Improved investor sentiment amid a new trade deal with the US, helped bring them…
It wasn’t a scam. It wasn’t a language issue. It wasn’t even a lack of money. It was a QR code that simply didn’t get through. It’s about an American traveller who was on his trip to India for the fourth time.Standing outside yet another tourist site in southern India, the traveler realised they weren’t…
For years, India has occupied an intriguing reputation in global travel conversations. It is spoken about with awe and anxiety in equal measure, praised for its history, spirituality and colour, yet often portrayed online as chaotic, unsafe or overwhelming, especially for women travelling alone. Scroll through social media or travel forums long enough, and the…
MUMBAI: The US-India trade deal is expected to have a positive impact on foreign fund buying in India, potentially reversing their massive outflow from the stock market witnessed in recent months.On one hand, the deal lifts a long-standing overhang from the market that in turn would improve investor sentiment about India globally. In addition, this…
Amnesty on hidden foreign assets in Budget 2026 In a bid to resolve long-pending cases of inadvertent overseas asset non-disclosures and to encourage voluntary compliance, the Budget has proposed a fresh amnesty window for small taxpayers, alongside a relaxation of prosecution norms under the Black Money law.Under the proposed Foreign Assets of Small Taxpayers –…
The Budget has proposed to reduce the tax collected at source (TCS) for self-funded education and medical purposes abroad under the liberalised remittance scheme from 5% to 2%. However, the TCS rate for other purposes will continue at 20%.Govt had last year exempted remittances for education from TCS where such remittance is from a loan…
Representative image (AI-generated) The government on Sunday has allocated Rs 5,685.56 crore as grants-in-aid to foreign countries in the Union Budget 2026–27. Bhutan emerged as the largest beneficiary, while no funds have been set aside for the strategically important Chabahar Port project in Iran.The Ministry of External Affairs (MEA) has been allotted a total outlay…
