The positive outlook was attributed to factors such as simplification and transparency in tax processes, unlocking value through seamless flow of Input Tax Credit (ITC) to reduce overall tax burdens, subsuming legacy taxes, removing State check posts and enabling technological solutions for easier compliance and standardising processes across states besides improving refunds and ensuring strong […]
Accenture on Friday reported an 8% year-on-year rise in revenue to $17.7 billion for the March-May quarter of FY25, supported by growing demand for AI-related services. The Ireland-headquartered IT services firm, which follows –a September-August fiscal calendar, also raised the lower end of its full–year revenue growth guidance to 6-7% in local currency from 5-7% […]
Jun 20, 2025 09:26 PM IST The All-India House Price Index (HPI) rose by 3.1% annually in Q4 2024-25, matching the previous quarter’s growth but lower than 4.1% a year ago, according to the Reserve Bank. Growth varied across cities, with Kolkata at 8.8% and Kochi down 2.3%. A 0.9% quarterly increase was noted, with […]
US stocks gained ground on Friday as Wall Street reopened after the Juneteenth holiday, with investors balancing solid earnings from CarMax against rising geopolitical uncertainty in the Middle East.The S&P 500 rose 0.4% to extend its weekly gain, while the Dow Jones Industrial Average added 159 points and the Nasdaq composite climbed 0.6% at initial […]
Asian equity markets closed on a mixed note Friday while crude oil prices climbed amid mounting geopolitical tension in the Middle East and uncertainty over whether the US will join Israel in its escalating war with Iran.US benchmark crude rose 15 cents to $73.65 a barrel and Brent, the global benchmark, was up 19 cents […]
US Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. | Photo Credit: KEVIN MOHATT NEW YORK, June 19 Major Wall Street indexes ended a choppy trading session little changed after the US central […]
The number of millionaires in the United States grew by more than 379,000 in 2024 — over 1,000 new dollar millionaires every day — accounting for nearly 40% of global millionaires last year, according to the 2025 Global Wealth Report published by UBS on Wednesday.The report said private wealth rose 4.6% globally, with the Americas […]
US stock markets edged lower on Tuesday as signs of weaker consumer spending and escalating geopolitical tensions weighed on investor sentiment.The S&P 500 slipped 0.2%, the Dow Jones Industrial Average dipped 42 points (0.1%), and the Nasdaq composite fell 0.2% as of 12:32 p.m. Eastern time.Fresh data showed a decline in US retail sales in […]
India’s monthly unemployment rate climbed to 5.6% in May 2025, up from 5.1% in April, according to government data released on Monday. The rise can be largely attributed to seasonal factors and reduced rural employment after the end of the Rabi harvest season, the ministry of statistics and programme implementation said in its report.Last month, […]
India’s unemployment rate rose to 5.6% in May 2025 from 5.1% in April, driven largely by a seasonal drop in agricultural work after harvest. India’s unemployment rate rose to 5.6% in May from 5.1% in April, partly due to a drop in farm activity after the end of the harvest season, the statistics ministry said […]
