New Delhi, Jan 14 (IANS) India’s GDP will likely expand 7.5-7.8 per cent in the current fiscal (FY26), driven by festive demand and robust services activity, a report said on Wednesday.The report from Deloitte India, however, noted that the growth could moderate to 6.6–6.9 per cent in FY27 because of a high base and lingering global uncertainties.The business consultancy noted that real GDP grew 8 per cent in the first half of 2025–26 (April–September), underscoring the economy’s resilie…
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Mumbai, Jan 14 (IANS) Indian equity markets are entering 2026 on a firmer footing after a year of consolidation, with improving valuations, realistic earnings expectations and strong domestic fundamentals shaping a more constructive outlook, according to a report released on Wednesday.While global events could be a source of uncertainty, India’s macro fundamentals remain strong, according to smallcase managers.They believes that the coming year is likely to reward earnings-led investing rather…
New Delhi, Jan 13 (IANS) The Cellular Operators’ Association of India (COAI) on Tuesday urged the government to reduce telecom license fee from 3 per cent to 0.5 per cent-1 per cent in the upcoming Budget, just to cover the administrative costs.The leading industry body for telecom operators also suggested that the rate of GST under ‘Reverse Charge on Spectrum’ payment, license fees, spectrum usage charges, etc. can be reduced from the existing 18 per cent rate to the lower rate of 5 per c…
New Delhi, Jan 10 (IANS) The Central Consumer Protection Authority (CCPA) has taken action against 27 restaurants across India for violating consumer rights by mandatorily levying service charges on food bills, the government said on Saturday.During investigations, the consumer watchdog found that several restaurants were adding a 10 per cent service charge by default.Among them were Cafe Blue Bottle in Patna and China Gate Restaurant Private Limited, which operates Bora Bora in Mumbai.The autho…
New Delhi, Jan 9 (IANS) Shaktikanta Das, Principal Secretary-2 to the Prime Minister, said on Friday that India is headed to be the fastest growing economy in the world, despite geopolitical tensions and trade barriers.Delivering the Inaugural Bibek Debroy Memorial Lecture, Das highlighted that the shifting geopolitical winds and trade policies are reshaping the global economic order. Traditional multilateralism, once a cornerstone of global governance, is increasingly being sidelined by geopoli…
New Delhi, Jan 8 (IANS) Union Minister Hardeep Singh Puri said on Thursday that India’s democracy benefits by criticism, but not by motivated fatalism by some “experts,” who seem more guided by their politics rather than academic rigour.“As we step into 2026, public debate in India should begin with a little New Year discipline, not by packaging insinuations, assumptions and shoot and scoot assertions as economic analysis,” the minister observed in a post on X.He further stated that in…
Mumbai, Jan 8 (IANS) Indian equities are well-positioned to recoup part of their global underperformance in 2026, supported by strong macro fundamentals, as GDP growth remains robust and inflation is well contained, a report showed on Thursday.Indian equities enter 2026 with strong domestic tailwinds despite underperforming global peers in 2025. While benchmark indices posted single to early double-digit gains last year — Nifty rose 11 per cent, Nifty Midcap 6 per cent and Nifty500 7 per cent …
Mumbai, Jan 8 (IANS) LG Electronics India shares came under selling pressure on Wednesday after the expiry of the company’s three-month lock-in period, pushing the stock to an all-time low on the BSE.The share price fell as much as 4.4 per cent to Rs 1,392.8 during early trade. At 1:30 pm, the stock was still down 2.51 per cent or Rs 36.50 at Rs 1,419.90.The decline was largely linked to the end of the lock-in period, which restricts certain shareholders from selling their shares for a fixed t…
Haveri, Jan 7 (IANS) Karnataka Chief Minister Siddaramaiah on Wednesday said that one can remain in politics only as long as they have the blessings of the people, and that he would continue in public life as long as such support exists. He was speaking to the media at the helipad in the premises of Koli Polytechnic in Haveri.He claimed that his administration has delivered satisfaction to the people. The statements amid the leadership tussle are likely to stir controversy within the Congress pa…
New Delhi, Jan 7 (IANS) Eternal, the parent company of Zomato and Blinkit, has received a goods and services tax demand order amounting to nearly Rs 3.7 crore, including interest and penalty, for the period between April 2019 and March 2020.The order was issued by the Additional Commissioner of State Tax (Appeals), West Bengal, and relates to the alleged short payment of output GST.Eternal disclosed the development in a regulatory filing late on Tuesday evening.According to the filing, the compa…