India will develop its own control protocols for high-speed rail. India is aiming to achieve new milestones in manufacturing with its first bullet train project. After deciding to manufacture the high-speed train indigenously for the Mumbai-Ahmedabad bullet train corridor, Indian Railways is now looking at in-house advanced signalling system for other upcoming corridors.Indian Railways is…
July 31, 2026 continues to the last date on which salaried taxpayers and pensioners can file their income tax return. ITR filing FY 2025-26 deadline extension: Will the income tax return filing deadline of July 31, 2026 be extended? As of now there is no intimation from the Income Tax Department on extension of the…
A proposed $100,000 post-study work fee could make it significantly more expensive for international students to work in the US post graduation The Trump administration is considering imposing a $100,000 fee on international students seeking to work in the United States after graduating from American universities, according to people familiar with the matter, in a…
File photo: Salil Parekh, Infosys CEO BENGALURU: When Salil Parekh took over as Infosys CEO in 2018, the company was grappling with boardroom turmoil that had shaken investor confidence. Over nine years, he helped transform the company, doubling revenue from $10 billion to $20 billion, securing over $100 billion in large deals, and the foundation…
MUMBAI: Tata Steel is severing a quarter-century-old partnership with Germany’s Martrade, buying out the logistics group’s 23% stake in their joint shipping venture for Rs 335 crore.The steelmaker is acquiring 41.4 lakh equity shares in TM International Logistics from IQ Martrade Holding Und Management, taking its holding from 51% to 74% once the deal closes;…
NEW DELHI: How much is the estimated drop in fuel efficiency when E20 fuel is used in non-E20-compliant vehicles? While govt rejected claims on social media of substantial loss in mileage due to E20 petrol, transport and petroleum ministries have given slightly different figures.Road transport ministry, citing a study by Automotive Research Association of India…
MUMBAI: NTT Data Payment Services is working on linking India’s UPI with other fast payment systems across Asia through a hub-based architecture that could eliminate the need for multiple bilateral arrangements, senior executives said, outlining a strategy to simplify cross-border retail payments. The company launched Adaptis – its unified service brand for its digital payment…
Sebi (representative image) MUMBAI: National Stock Exchange (NSE) on Thursday said that markets regulator Sebi has accepted in-principle revised terms of settlement for certain past regulatory lapses, against a payment of Rs 1,491 crore. The settlement issue which was under process for several years, now paves a smooth sailing of NSE’s IPO for which the…
MUMBAI: Zepto is looking to raise about Rs 1,000 crore (around $105 million) in pre-IPO funding, delaying its listing plans for now, people familiar with the matter said.The company is eyeing a valuation of around $4-4.5 billion for the investment, over 30% lower than its last valuation of $7 billion at which it had raised…
MUMBAI: As online shopping increasingly becomes the norm in smaller cities and towns, Amazon and Flipkart are mounting a fee war-they are doing away with commissions or fees charged to sellers for transacting on the platforms. The companies have done it twice since last year for a wide range of products across categories priced within…
MUMBAI: India’s formal retail credit penetration more than doubled over the past decade, with the share of consumers who accessed credit at least once rising from 35% in March 2017 to 74% in March 2026, even as the credit-eligible population expanded from 79 crore to 89 crore.The expansion was accompanied by a sharp rise in…
The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. (Reuters photo) Seeking to avoid curbs on movement in Red Sea, two oil tankers carrying Saudi crude to Indian refiners sailed out by temporarily going “dark”. The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. This follows the…
Manufacturers continue to provide warranty coverage for vehicles using specification-compliant E20 fuel. Seeking to dispel concerns about the impact of E20 petrol on vehicles, the Ministry of Petroleum & Natural Gas has released a list of seven claims which it has rejected. From mileage and engine failure to compatibility, the Ministry of Petroleum & Natural…
Strong consumer spending and steady business investment helped cushion the US economy in the second quarter, but a surge in imports dragged overall growth to its slowest pace this year, even as inflation showed further signs of easing.Data released by the commerce department on Thursday showed that the world’s largest economy grew at an annual…
In commodity markets, oil prices eased after recent sharp swings driven by escalating tensions in the Middle East. US stock market today: Wall Street rebounded on Thursday, led by a sharp rally in Microsoft after the technology giant posted stronger-than-expected quarterly earnings. The S&P 500 rose 0.9%, recovering more than half of Wednesday’s decline, its…
The IndiGo MD’s comments mark one of IndiGo’s strongest public objections to the revised FDTL regulations Months after widespread IndiGo flight disruptions, the airline’s Managing Director Rahul Bhatia has urged the government to revisit the new Flight Duty Time Limitations (FDTL) rules. He argues that the current framework reduces pilot productivity, drives up airline costs…
Baba Ramdev and Patanjali Ayurved’s Managing Director Acharya Balkrishna (File Photo) Patanjali Ayurved, which is known for its herbal and other fast-moving consumer goods, is now set to enter financial services through a nearly Rs 4,500 crore acquisition.The Insurance Regulatory and Development Authority of India (Irdai) has approved the acquisition of Magma General Insurance by…
Experts say the hiring landscape is becoming increasingly project and demand driven. India’s IT sector is seeing a big shift in hiring – especially at the fresher level with big firms being selective in talent acquisition. Not only that, there is an emerging trend of delaying onboarding at the fresher level, leaving many hires in…
India’s expanding renewable energy capacity could soon help turn the country into an energy exporter. German ambassador to India Philipp Ackermann said that Germany could emerge as one of the buyers of Indian green hydrogen in the coming years. Speaking at the Indo-German Industries Dialogue organised by the Indo-German Chamber of Commerce, Ackermann said renewable…
Global gold demand remained largely unchanged in the April-June quarter as softer prices moderated investment demand after the record rally earlier this year, according to the World Gold Council (WGC).Total gold demand stood at 1,269 tonnes in the second quarter of 2026, almost unchanged from 1,268.6 tonnes a year earlier, the WGC said in its…
