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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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15
Aug
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Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025
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18
Sep
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Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025
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15
Oct
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40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
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INCOME TAX
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26
Jun
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Notification No. 67/2025
(Delhi)
S.O. 2768(E).—In exercise of the powers conferred by sub-section (1F) of section 197A read with subsections (1A) and (2) of section 80LA of the Income-tax Act, 1961
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26
Jun
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Notification No. 68/2025
(Delhi)
S.O. 2829(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
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26
Jun
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Circular No. 07/2025
(Delhi)
Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority-reg.
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23
Jun
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Notification No. 65/2025
(Delhi)
S.O. 2739(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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23
Jun
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Notification No. 66/2025
(Delhi)
S.O. 2740(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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RBI
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26
Jun
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RBI/2025-26/62
(Delhi)
The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines
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23
Jun
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RBI/2025-26/61
(Delhi)
Review of Priority Sector Lending norms - Small Finance Banks
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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0
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FTSE 100
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0
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USD
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EURO
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0
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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Tariff-related uncertainties ahead of the July imposition deadlines could have a disproportionate impact on the world economy, although domestic growth underpinned by benign inflation should shield India from global headwinds, central bank economists said.
Negative trade policy outcomes that spawn further ...
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Rating agency Icra on Wednesday retained its India's GDP growth forecast for fiscal 2025-26 at 6.2 per cent, assuming well-distributed monsoons and crude oil prices averaging around USD 70/barrel.
However, geopolitical tensions in West Asia, volatility in financial markets, and uncertain trade policies pos...
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The Indian economy remains resilient despite global economic, trade, and geopolitical uncertainties, according to an article "State of the economy" in the Reserve Bank of India's June bulletin.
The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike ...
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Brent crude prices surged to a five-month high of $81.40 per barrel on Monday following the US air strikes on three Iranian nuclear facilities. Though prices have stabilised since then and the Strait of Hormuz remains open, volatility is likely to persist in oil and gas markets, explains Prashant Vasisht
...
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The Reserve Bank of India (RBI) released its monthly bulletin on Wednesday wherein it maintained that India’s economy remains resilient despite a state of flux in the global economy due to the twin shocks from trade and geopolitical tensions.
“In this state of elevated global uncertainty, various high-freq...
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GLOBAL CORPORATE
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Tesla missed out on Europe's rebounding EV sales last month as the political activities of its CEO Elon Musk appear to continue to repel customers, industry data showed Wednesday.
Tesla sold 40.2 per cent fewer cars in Europe in May than in the same month last year, according to data from the ACEA, the tra...
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U.S. total new vehicle sales are expected to rise 2.5% to 1.25 million units on an adjusted basis for the month of June, J.D. Power and GlobalData said in a joint report on Wednesday.
However, same sales volume without adjusting for the number of selling days translates to a decrease of 5.4% from 2024, the...
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Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months.
The Wall Street Journal cited sources on Wednesday saying that Shell was in talks to acquire ...
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Intel Corporation has begun a sweeping round of job cuts under CEO Lip-Bu Tan, starting with 107 employees in California, according to a notice filed under the state’s Worker Adjustment and Retraining Notification (WARN) Act. The layoffs, scheduled to begin on 15 July, are the first public step in what Tan ca...
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Indian pharmaceutical and biotech sectors have started witnessing tangible benefits from the global shift away from China, as early signs of the China+1 strategy materialising emerge, according to a recent Goldman Sachs report.
Some pharmaceutical and biotech companies report that they have started witness...
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Banking
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State Bank of India (SBI), the most valued government asset, is in advanced stages of appointing multiple merchant banks to raise up to Rs 25,000 crore via a qualified institutional placement (QIP), its first share sale in eight years, as the lender with a fifth share in the nation’s outstanding bank credit b...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Japan's government will consider cutting its economic growth estimate for the current fiscal year ending in March 2026 due to the expected hit to global demand from U.S. tariffs, three government sources told Reuters by Wednesday....
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U.S. President Donald Trump's sweeping tax-cut legislation would effectively transfer wealth from younger Americans to older generations, nonpartisan analysts say.
Though the bill contains tax breaks for parents, newborns, pri...
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U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this year, JPMorgan analysts said on Wednesday.
...
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Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.
"If you were to want to go back to scarce ...
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The British public's expectations for inflation over the longer term have risen in June to their highest since September 2022, a Citi/YouGov survey showed on Wednesday.
Inflation expectations for the five to 10 year-ahead perio...
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China's practice of securing its loans to low-income nations through commodity revenue streams and cash held in restricted escrow accounts is curbing their ability to manage their finances effectively, a study published on Thursda...
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Corporate distress levels in Europe rose to a nine-month high in the three months to the end of May, an index compiled by law firm Weil, Gotshal & Manges shows, driven by an uncertain economic outlook hampered by U.S. trade and ge...
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Chinese premier Li Qiang said on Thursday reforms and a shift to a consumption-led model in the world's No. 2 economy will help it continue to be the world's biggest driver of economic growth.
Beijing's second-ranking official ...
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German consumer sentiment is set to edge lower heading into July as households' increased willingness to save counteracts improving income prospects, a survey indicated on Thursday.
The consumer sentiment index, published by Gf...
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Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers' sales income in a bid to tackle the "shadow economy", its tax office said on Thursday, confirming a Reuters report ear...
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"The market is doing quite nicely here and there is reason to be optimistic on several viewpoints. And, of course, the first one is that the war between Iran and Israel and, of course, after the bombings by the United States seems...
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"I think you know that part of the picture to me is pretty clear and as we head into the second half of the year, we will see the US economy slow a bit more. No recession, but a slowdown," says Richard Yetsenga, ANZ Group.
It i...
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INDIAN CORPORATE
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Nachiket Deshpande, former COO of LTIMindtree, was given the mandate of setting up and leading the IT services company’s new AI business services group in March – underlining the significance of the burgeoning technology in drivin...
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Adani Power is targeting organic capacity addition of 12,520 MW by March 2030 with investments of Rs 120,000 crore. It includes 11,200 MW capacity seven ultra super-critical projects of 2×800 MW each and 1,320 MW (2×660 MW) super-...
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ACME Solar Holdings has won NHPC’s tender for two standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh. The projects, with a combined capacity of 275 MW / 550 MWh, are located in Kuppam and Ghani.
At Kuppa...
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Mukesh Ambani led Reliance Industries has entered the esports business through a new partnership between its wholly owned subsidiary, Rise Worldwide, and Denmark-based BLAST Esports. The two companies announced the formation of a ...
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Vodafone Idea Ltd. is talking to lenders to borrow about 250 billion rupees ($2.9 billion) in loans to bolster its network and compete better with large rivals, according to people familiar with the matter.
The State Bank of In...
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Tata Sons and Singapore Airlines invested Rs 9,558 crore in loss-making Air India in 2024-25, with the promoters pumping in Rs 4,306 crore alone in March this year.
The airline, being piloted by Tatas since January 2022, has em...
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Billionaires Mukesh Ambani and Gautam Adani have partnered to sell transportation fuels using their respective groups’ retail stations across India, bolstering their distribution network in India's fast-growing $150 billion fuel r...
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Sajjan Jindal-led JSW Steel on Wednesday approached the Supreme Court seeking review of its May 2 judgment that scrapped its acquisition of debt-laden Bhushan Power and Steel (BPSL) after four years.
Similar petition was moved ...
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In a major development in India’s private retail energy sector, Adani Total and Jio BP have partnered to integrate each other’s energy products at their retail outlets. According to an Adani Total Gas statement, while Adani Total ...
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Streaming platform JioHotstar, owned by media major JioStar, has touched 300 million subscribers within four months of launch, marking a significant milestone in the video-on-demand (VOD) space. JioHotstar is now within striking d...
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Adani Power is targeting organic capacity addition of 12,520 MW by March 2030 with investments of Rs 120,000 crore. It includes 11,200 MW capacity seven ultra super-critical projects of 2×800 MW each and 1,320 MW (2×660 MW) super-...
Read More
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Safran Aircraft Engines, a leading French aerospace company, announced the setting up of a Maintenance, Repair, and Overhaul (MRO) facility in Hyderabad. The facility is dedicated to the M88 engines of the company that are used in...
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COMMERCIAL LAW
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India attracted $8.8 billion in foreign direct investment (FDI) in April, which was 22% higher than the gross inflows in the year-ago month, helping the Reserve Bank of India rebuild the country's foreign exchange reserves amid pr...
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What happens if you book a Rs 2.26-crore apartment based on the verbal assurance of a sales agent of a well-known builder, only to discover later that they are retracting their promises? This is the experience of an Indian homebuy...
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GST
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Rate rationalisation under the goods and services tax (GST) remains the top priority for businesses, which are now seeking a simplified tax structure and fewer slabs with more items brought under lower tax brackets, found a recent survey.
Sectors such as healthcare and financial services are pushing for ra...
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Insolvency
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The corporate affairs ministry has finalised amendments to the Insolvency and Bankruptcy Code (IBC), following consultations with the Prime Minister’s Office (PMO), people with knowledge of the matter said.
This comes after mon...
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