Indian Economy

New strategic oil reserves planned! India looks to boost emergency stockpile of petroleum; aims to strengthen energy security

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India is planning to build three more strategic oil storage facilities to boost its energy security. These new reserves, including facilities in Bikaner, Mangalore, and ...

Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows

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India’s IT sector anticipates a subdued first-quarter performance, with top firms like TCS and Wipro facing flat or declining revenue. Infosys and LTIMindtree expect modest ...

Cheer for middle class soon? After income tax relief, GST rates may come down on household items, say reports

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The Goods and Services Tax slabs may be revamped soon, according to media reports. The government is planning to lower GST rates for household items, ...

June GST collections 2025: Tax mop-up at Rs 1.85 lakh crore, up 6.2% on YoY

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India’s gross Goods and Services Tax (GST) collection for June reached Rs 1.85 lakh crore, marking a 6.2% increase compared to last year. While lower ...

Protectionism among biz challenges: HUL chairman

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Navigating the Labyrinth: Hindustan Unilever’s Chairman Sounds the Alarm on Business Challenges Sanjiv Mehta, Chairman and Managing Director of Hindustan Unilever (HUL), recently offered a ...

India still key driver of global growth: RBI guv

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India’s Economic Engine: Still Revving Strong The global economic landscape feels a bit like navigating a bumpy road right now. Uncertainty swirls around interest rates, ...

Domestic gas price up 5% in July on Israel-Iran conflict impact

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Natural Gas Prices Rise: Geopolitical Tensions Squeeze Indian Consumers The aroma of your morning chai might soon come with a slightly steeper price tag. Starting ...

Fiscal deficit narrows to 0.8% of full-year target at May-end, boosted by RBI dividend payout: CGA

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India’s fiscal deficit dramatically decreased to 0.8% of the annual target by May 2025, primarily due to a record dividend of Rs 2.69 lakh crore ...

Financial stability report: Indian economy continues to grow at a healthy pace, says RBI; financial system resilient amid global headwinds

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Reserve Bank of India reports that the Indian economy grows steadily. It remains a key global growth driver. This is due to strong economic principles ...

Factory growth slows: Industrial output expands just 1.2% in May, lowest in 9 months

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India’s industrial output growth plummeted to a nine-month low of 1.2% in May 2025, significantly lower than the 6.3% growth in May 2024. This downturn ...