Business

Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) aimed at expediting resolution of stressed companies and reducing case backlogs, with Finance Minister Nirmala Sitharaman underlining that the objective is to revive firms rather than liquidate them, according to PTI.The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 by…

Unified Payments Interface (UPI) transactions touched a record high in March, with both value and volume hitting new peaks, driven by festive spending and financial year-end activity, according to PTI.Data released by the National Payments Corporation of India (NPCI) showed that UPI transactions totalled Rs 29.53 lakh crore in value during March, up 19 per…

US retail sales rose 0.6 per cent in February after a slight decline in January, signalling cautious consumer activity even before a sharp surge in fuel prices triggered by the Iran war, according to AP.Data released by the Commerce Department showed retail sales rebounded from a 0.1 per cent drop in January, beating expectations. However,…

Gold prices in India remained firm on Wednesday tracking gains in the futures market, even as retail rates across cities showed an upward trend.On the Multi Commodity Exchange (MCX), gold futures continued to trade higher with all major contracts posting gains. The June 5, 2026 contract was trading at Rs 1,52,113 per 10 grams, up…

Benchmark equity indices Sensex and Nifty ended nearly 2 per cent higher on Wednesday, starting the new financial year on a firm footing as global markets rallied on hopes of a potential de-escalation in the ongoing West Asia conflict.The 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During intra-day…

Reserve Bank of India (File photo) With the beginning of the new financial year, India’s digital payments landscape is poised for a major security overhaul as the Reserve Bank of India (RBI) rolls out stricter authentication norms from April 1.The move comes in response to rising transaction volumes and increasing fraud risks. RBI aims to…

Representative image (AI-generated) With the near-closure of the Strait of Hormuz disrupting global oil supplies, several Asian countries are turning to Russian oil to fill the gap caused by the Iran war.Energy-starved nations in the region are taking advantage of US sanction waivers to secure Russian crude, Bloomberg reported. The Philippines recently received its first…

GST collections: India’s net Goods and Services Tax (GST) collections increased to Rs 1.78 lakh crore in March 2026, marking a rise of 8.2% compared to the previous month, according to official figures released on Wednesday.Gross GST revenue for March stood at Rs 2 lakh crore, which is an 8.8% increase over the same month…

European Union energy commissioner Dan Jorgensen warned that amid the ongoing Iran war, oil and gas prices in Europe are unlikely to return to normal levels anytime soon, even if peace were declared tomorrow.Skyrocketing energy costs have pushed gas prices up by about 70% and oil prices by 60% in Europe since the conflict began….

NEW DELHI: Magicbricks has announced a strategic partnership with the School of Planning and Architecture (SPA Delhi) to bring sharper, research-led clarity to the country’s evolving real estate landscape. “By combining large-scale consumer demand signals with academic and spatial planning frameworks, the partnership seeks to create insights that are not just data-rich, but contextually meaningful,”…