MUMBAI: Mutual fund houses are stepping up efforts to position gold exchange-traded funds (gold ETFs) as a safer, fully regulated alternative to digital gold after a recent regulatory warning prompted fresh scrutiny of the fast-growing digital gold market.
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New Delhi: One of India’s top industry lobbies has asked the government to initiate discussions on providing range-extended electric vehicles or REEVs, a type of hybrid vehicle, tax parity with EVs to incentivise automakers to introduce such models.
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India's Goods and Services Tax (GST) revenue is poised for a strong recovery in November, limiting the impact of the September rate cuts on state and central revenues, according to internal government assessments. The Centre expects the revenue buoyancy to sustain, thanks to the robust demand in the economy and a growing tax base.
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Welfare promises being made by political parties ahead of elections in recent years are beginning to reshape the fiscal landscape of Indian states. Political considerations are pushing spending up, even as revenue sources remain stressed and capital outlay meant to power long-term growth is uneven. Bihar’s existing strain is unmissable, but the pressures are now visible across several states heading into or emerging from polls, pointing to a structural shift in how state finances can balance welfare and sustainability.
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Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.
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NEW DELHI : The goods and services tax cuts were expected to bolster consumption across sectors, but failed to spark the expected revival for India’s apparel and footwear retailers. An early Diwali, weak discretionary spending and erratic weather culminated in a lacklustre festive season for the two categories.
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LG Electronics' first quarterly results post-listing reveals a 27.7% drop in Ebitda, impacted by commodity costs and promotional expenses. Yet, it commands a high valuation, possibly driven by the absence of alternative pure-play consumer durable stocks.
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NEW DELHI : Homegrown fast-moving consumer goods (FMCG) major Marico Ltd expects India's urban demand, especially in categories such as packaged foods, to perk up in the coming quarters aided by tailwinds from the recently-cut goods and services tax rates. This sets up a more stable outlook for the company after a quarter marked by input cost rise and tax-related disruption.
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Mumbai: A decade-high number of filings for initial public offers, or IPOs, in 2025 has brought India within sighting distance of the highest ever amount of money raised in such share sales in a single year, data analysed by Mint showed.
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India's GDP is projected to grow 7.5% in Q2 FY26, driven by investment revival and stronger rural consumption. SBI highlights a missed opportunity for the RBI to cut rates as inflation remains below 4%. The upcoming December policy meeting will be crucial for decision-making.
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