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Centre planning rate changes in new income tax structure, says report

Individuals can currently decide which set of rates they want to be taxed under

India writes to IMF backing Sri Lanka's debt restructuring plan: Report

Sri Lanka owes India around $1 billion that will come under the debt restructuring plan

GAIL India seeks two LNG cargoes for February delivery, says report

GAIL is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country's Dabhol terminal

Network18 posts Rs 76.8 mn net loss in December quarter amid ad slowdown

Network18 posted a consolidated loss of 76.8 million rupees ($938,875.31) in the quarter ended Dec. 31, compared to a profit of 971 million rupees a year earlier

India's rising home prices, rentals a new inflation threat: Analysis

Urban housing inflation rose to 4.47% year-on-year in December 2022

India's 2022-23 sugar output to fall on adverse weather: Industry official

India, the world's biggest sugar producer and the second biggest exporter, had produced a record 35.9 million tonnes of sugar in the previous season ended on Sept. 30, 2022

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January

Yen perched near 7-mth high as investors wait for policy shift at BOJ

The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan

Oil mixed amid weak China economic data, sustained hopes for 2023

Brent crude futures had risen 16 cents, or 0.2%, to $84.62 by 0414 GMT, recouping some of the 1% loss of the previous session

RBI proposal on loan loss provisions to raise bank capital needs: Analysts

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said

State-run DVC seeks electricity buyers from brownfield coal-fired units

India's state-run Damodar Valley Corp (DVC) on Tuesday invited power distribution utilities and industries to buy power from 5 brownfield coal-fired units it is expanding

Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel

It cut its windfall tax on crude to Rs1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective Tuesday

Rupee likely to fall on weak Asia foreign exchange, waning momentum

The rupee on Monday had opened higher, but reversed course on heavy dollar-buying by public sector banks to suffer its worst session against the dollar in a month

China's economic growth slumps to one of its worst in nearly 50 years

On a quarterly basis, GDP stalled, coming in at 0.0% in the fourth quarter, compared with growth of 3.9% in July-September

Indian, European oil firms evaluating bids for Guyana blocks: Report

Refiner Indian Oil Corp also is looking to work in Guyana in collaboration with ONGC Videsh

India to boost coal imports to cope with harsh weather, freight snags

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022

Gold prices expected to rise towards record highs above $2,000 an ounce

Higher rates lifted returns on bonds, making non-yielding gold less desirable for financial investors, pushed the dollar to its strongest in 20 yrs, making dollar-priced gold costlier for many buyers

Household wealth optimism collapses, finds Edelman Trust Barometer

The Edelman Trust Barometer found that economic pessimism was at its highest in some of the world's top economies such as the United States, Britain, Germany and Japan

WEF 2023: ReNew Power explores green hydro project in India, Egypt

The firm, which now generates nearly 1.8% of India's total electricity annually, has a total capacity of 13 Gigawatts (GW) of wind and solar, including projects in the works

Air India is set to order around 500 planes: AirLease Corp's exec chairman

Industry sources say finalising the proposed deal depends on ongoing negotiations with engine makers