India's Defence Budget Heavily Weighted to Manpower Costs
NEW DELHI (Reuters) - India on Saturday proposed defence spending of 6.81 trillion rupees ($78.70 billion) for the 2025-26 fiscal year, up 9.5% from the previous year's initial estimates, with most ...
Corporate Winners and Losers From India's Budget
The fast-moving consumer goods index climbed 3% and logged its best day in eight months. The Indian government said people earning up to 1.28 million rupees ($14,791.53) per year will not have to pay ...
Costco, Teamsters Negotiating Committee Reach Tentative Agreement
(Reuters) - The Teamsters labor union said on Saturday that its negotiating committee has reached a tentative agreement for a new contract with U.S. retailer Costco Wholesale.
India's Tax Relief May Not Be Enough to Boost Economic Growth, Moody's Says
India, on Saturday, said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people ...
India Targets Fiscal Deficit at 4.4% for 2025-26, Sets Path to Bring Down Debt
MUMBAI (Reuters) - The Indian government will target a narrower fiscal deficit of 4.4% of gross domestic product for fiscal ...
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay ...
India Axes Import Tax on Some Smartphone Parts in Boost to Apple, Xiaomi
Apple led the India smartphone market with a 23% share in total revenue during 2024, followed by Samsung at 22%, according to research firm Counterpoint. The list included components for mobile phone ...
India Retains Rural Employment Spending at 860 Billion Rupees in Fiscal 2026
India's unemployment rate stood at 7.8% in December 2024, marginally higher than 7.7% the previous month, data from the Centre for Monitoring Indian Economy showed. In absolute terms, the number of ...
India Cuts Income Tax in a Bid to Boost Consumption
NEW DELHI (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four ...
India Budget Aims to Boost Agriculture, Manufacturing, Push Inclusive Growth
NEW DELHI Reuters) -India's Finance Minister Nirmala Sitharaman presented the annual budget for fiscal 2025/26 on Saturday, ...
China Home Prices, Sales Slip Further in January, Report Shows
The average price per square meter for existing residential properties was down just over 7% in January from a year earlier based on a survey of markets in China's top 100 cities, China Index Academy ...
China's Market Regulator Says 'Stabilising Confidence' Key
Wu Qing, who took over as the head of China's Securities Regulatory Commission a year ago when China's stock markets were sliding, said regulators had been working to restore confidence since late ...