Business

NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment…

Prime minister Narendra Modi on Friday said India now accounts for about 16% of global economic growth and is positioned to become a key driver of world expansion in the coming years.Speaking at the ET Now Global Business Summit, Modi said the current decade has marked a phase of unprecedented development for India despite multiple…

New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of…

NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…

Software major Infosys on Friday announced an average organisation-wise performance bonus payout of 85% for the quarter ended December (Q3FY2025-26), with a large section of employees receiving higher variable pay, ET reported.Employees will receive the bonus along with their February salary, the company said in an email to staff.The higher payout follows a quarter marked…

US stock markets traded largely steady on Friday after a softer-than-expected inflation update helped calm investor nerves, even as concerns about artificial intelligence-driven disruption continued to weigh on sentiment.The S&P 500 was nearly unchanged in early trade, a day after recording one of its worst losses since Thanksgiving. The Dow Jones Industrial Average fell 109…

A key measure of US inflation fell to nearly a five-year low in January as apartment rental price growth slowed and gas prices declined, offering some relief to consumers after years of sharp cost increases.Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and moving closer to the…

Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37…

India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…

The Income Tax Department has released the Draft Income Tax Rules 2026. (AI image) The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been proposed, which will have implications for their taxable income…