Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Assam CM Himanta Biswa Sarma and Tata Sons chairman N Chandrasekaran perform Bhumi Pujan for ₹27,000 crore semiconductor assembly and test facility in the...

OpIndia Staff -
Assam CM Himanta Biswa Sarma along with Tata Sons chairman N Chandrasekaran performed the Bhumi Pujan for the upcoming semiconductor plant in the state on 3rd August
News Reports

Union cabinet approves 8 major highway projects worth ₹50,655 crore including ring roads in Ayodhya, Kanpur and Guwahati

ANI -
The Union Cabinet chaired by PM Narendra Modi has approved the development of eight access-controlled national highway projects with a total length of 936 km.
Economy and Finance

Assurances for states, new schemes for Youth, and more: 9 major priorities of government highlighted in Finance Minister’s Budgetary speech

OpIndia Staff -
In a major relief for the Indian start-up ecosystem, during the budget speech, the Finance Minister announced that “angel tax” for all classes of investors has been abolished.
Economy and Finance

Economic survey 2024 – Steady growth, reduced inflation, infrastructure investment, and more: Here is what you need to know

OpIndia Staff -
The 476-page Economic Survey emphasises that India's economy has consolidated its post-Covid recovery and that the policymakers have played an important role in guaranteeing economic and financial stability.
News Reports

Telecom industry seeks reduction in license fees, duties on equipment, exemption from GST for payments made to DoT and others in union budget

ANI -
Ahead of the first Modi 3.0 budget, the Cellular Operators Association of India (COAI) listed several recommendations addressed to the Union Ministry of Finance.
News Reports

India witnessed a 2.5-fold increase in job creation in FY24, the highest since 1981-82: RBI data

OpIndia Staff -
A total of 46.7 million jobs were added, the highest since 1981-82, with a growth rate of 6 per cent surpassing the previous three decades.
News Reports

Collusion, planning to attack Adani for profits? Hindenburg shared report on Adani with China-linked hedge fund 2 months before publication: SEBI notice reveals

OpIndia Staff -
As per reports, Hindenburg had shared its report on Adani with their client two months prior to publication, enabling them to obtain 'unfair' profits from the stock price movements in a brokered deal using the report.
News Reports

Owner of Kingdon Capital allegedly used Kotak to short sell Adani, his wife was probed in US for harbouring Chinese spies: Hindenburg fiasco was...

Anurag -
After SEBI revealed that Kotak Mahindra and Kingdon Capital partnered to orchestrate a strategic move to benefit from short-selling Adani stocks, a China link has emerged.
News Reports

Indian stock market makes history: BSE Sensex breaches 80000 mark for the first time, Nifty hits lifetime high

ANI -
Benchmark indices, Nifty and Sensex scaled fresh record highs on Wednesday, with Sensex surpassing 80,000 for the first time on the strength of banking and FMCG stocks.
News Reports

Bull Run: BSE Sensex hits historic high crossing 79,000, NSE Nifty breaks the 24,000 barrier

ANI -
Today marked a historic day for India's stock markets as the BSE Sensex surged past the 79,000 mark and the NSE Nifty breached 24,000 for the first time
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