Small Industries Development Bank of India (SIDBI) and AFD, France have signed a $100 million credit facility agreement to scale up green finance solutions for Indian micro, small, and medium enterprises (MSMEs), according to a SIDBI statement issued on Wednesday.
As India moves closer to a major tax overhaul, the new Income-Tax Bill 2025 seeks to simplify the tax structure and to make it more transparent, efficient, and business-friendly.
The inflows in January were the highest-ever recorded for gold ETFs in a single month, as Rs 640 crore was invested in December 2024.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Finance Minister Nirmala Sitharaman is scheduled to introduce the new Income Tax Bill in the Lok Sabha on Thursday as part of the tax reforms to streamline and simplify the provisions so that they are easier to understand and reduce the scope for legal disputes.
Over the past 24 hours, variations in gold prices have been seen in several major Indian cities.
Sensex traded at 58,962.18 points, down 145.01 points or 0.25 per cent, whereas Nifty traded at 17,468.35 points, down 43.90 points or 0.25 per cent.
Indian stock indices extended their gains for the fourth straight session on Wednesday, as the 30-share Sensex surged 147 points and closed at 59,107.19 while the Nifty50 rose 25 points to close at 17,512.25.
As per the provisional statics of the Indian Bureau of Mines (IBM), the index of mineral production of the mining and quarrying sector for August 2022 at 99.6, was 3.9 per cent lower as compared to the level in the month of August 2021.
The rupee touched a historic low of 83.18 against the dollar briefly during intraday trading, before it closed at 82.74 on Wednesday. However, the rupee's close of 82.74 was lower than Tuesday's close of 82.45 against the dollar.
