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The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income tax and GST collections, according to a report by Goldman Sachs.
Sectors that benefited from recent GST rate rationalization have registered robust growth, with consumption indicators showing a significant uptick in consumer spending across essential and mass-market categories, government sources revealed on Monday.
With the strong festive demand and the GST cuts, the loan growth in the banking system has picked up pace in October and early November, according to a latest report by IIFL Capital.
In a major breakthrough against Left-Wing Extremism, the Indo-Tibetan Border Police (ITBP) has completed a year-long strategic expansion into the dense and previously inaccessible Abujhmad region of Chhattisgarh, sealing what is believed to be the last major interstate movement corridor u
India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review released on Thursday, by the Department of Economic Affairs, Ministry o
India's economic growth is expected to come in strong for the second quarter of the current financial year, with GDP likely to rise 7.5 per cent, according to a report by Union Bank of India.
The Value fashion players in the apparel industry outperformed the broader textile retail sector in the second quarter, supported largely by the early onset of the festive season, according to a report by Nuvama Research.
After nearly two years, the Bank of Israel lowered its interest rate, cutting it by a quarter of a percentage point to 4.25 per cent on Monday. This marks the first reduction since January 2024, ending a stretch of 14 consecutive decisions in which the rate remained unchanged at 4.5 per cent
The recent Goods and Services Tax (GST) cuts have given a fillip to unit sales across vehicle categories, particularly cars, and this momentum is likely to continue with a steady growth of 16-17% over this fiscal and the next.
Retail demand, especially via gold exchange-traded funds (ETFs), has surged since mid-2024. The report notes that the same factors driving central-bank accumulation, economic uncertainty, inflation risks, and weakening confidence in the US dollar have "significantly boosted interest in inves