India’s growth is supported by strong momentum in private consumption and services activity. (AI image) The International Monetary Fund (IMF) on Wednesday marginally lowered the growth projections for India to 6.4% from 6.5% earlier as part of its World Economic Outlook update for the current year. However, it raised the GDP growth projections for the…

NEW DELHI: The GST Council should speed up refunds and address issues around accumulation of input tax credit, including for services and capital goods, while also allowing companies to take credit for expenses related to travel and insurance, EY India chairman & CEO Rajiv Memani said ahead of Wednesday’s meeting.Several of these issues are expected…

G7 leaders on Wednesday agreed to strengthen cooperation to reduce their dependence on China for critical minerals, unveiling plans to coordinate stockpiling, boost recycling and create a new platform with an expanded role for the International Energy Agency (IEA).The move comes as Western nations seek to secure supplies of minerals crucial for defence, artificial intelligence,…

SBI Mutual Fund has increased its holding in private sector lender Bandhan Bank, with its stake crossing the 5 per cent threshold following an additional purchase of shares from the open market, PTI reported.In a regulatory filing, Bandhan Bank said the final holding of SBI Mutual Fund, through its various schemes, stood at 8,12,46,734 shares…