A delegation of over 20 Indian exporters from the engineering sector has begun a four-day visit to Moscow, aiming to expand trade opportunities in Russia as India looks to diversify its export markets following steep tariff hikes by the United States.According to news agency Reuters, the visit is part of New Delhi’s broader push to…
MUMBAI : The Insurance Regulatory and Development Authority of India (IRDAI) is closely examining the shortfall in the settlement of health insurance claims, even as more than half of the complaints received under the insurance ombudsman system relate to health policies.Speaking at the Bima Lokpal Day event on Tuesday, IRDAI chairman said that while the…
Hiring across key consumption-linked sectors in India rose by 17% year-on-year during August to October, fuelled by strong consumer sentiment, festive spending and deeper market penetration, according to a report by workforce solutions provider Adecco India.As cited by news agency PTI, report stated that the festive quarter saw a notable 25% increase in gig and…
AI image (Picture credit: DALL-E) The Indian government has proposed a new rule mandating e-commerce platforms to include filters allowing users to sort products based on their ‘country of origin’, a move aimed at improving transparency and promoting locally made goods.According to news agency Reuters, the draft amendment to the Legal Metrology (Packaged Commodities) Rules,…
The longest federal government shutdown in US history may be nearing its end, but economists say it has already left deep scars on an economy struggling with slow growth, inflation, and uncertainty. With 1.25 million federal workers unpaid since October 1 and thousands of flights canceled, the economic fallout is being felt nationwide — from…
Neville Tata has been appointed by Tata Trusts to the board of Sir Dorabji Tata Trust (SDTT). Neville Tata is the son of Tata Trusts chairman Noel Tata. Group veteran Bhaskar Bhat has also been inducted.This appointment strengthens Noel Tata’s position whilst elevating Neville, aged 32, to one of the most significant roles within the…
In a move set to ease taxpayer grievances and streamline refund corrections, the Central Board of Direct Taxes (CBDT) has authorised the Commissioner of Income Tax (CPC), Bengaluru, to directly rectify mistakes in assessment orders under Section 154 of the Income-tax Act, 1961.The notification, issued on October 27, 2025 (No. 155/2025), gives the Bengaluru-based Centralised…
A new property purchase can feel like a proud milestone — until a letter from the Income Tax Department lands in your inbox asking where your money came from. Experts say that such notices are becoming increasingly common as tax authorities use advanced data analytics to verify whether property buyers’ declared income matches their level…
Tata Power on Tuesday announced plans to invest Rs 1,572 crore to acquire a 40 per cent equity stake in a special purpose vehicle (SPV) that will develop the 1,125 MW Dorjilung hydropower project in Bhutan, marking a key step in its green energy expansion strategy, PTI reported.According to a regulatory filing, the acquisition-to be…
NEW DELHI: India and Vietnam have decided to further expand and deepen their defence cooperation, including in important emerging areas like cybersecurity and real-time exchange of information, even as they inked a MoU on submarine search and rescue collaboration.The Defence Policy Dialogue, co-chaired by defence secretary Rajesh Kumar Singh and Vietnam’s deputy minister of national…
The rupee strengthened 23 paise to settle at 88.50 against the US dollar on Tuesday, supported by upbeat sentiment around a potential US-India trade agreement and easing concerns over the prolonged US government shutdown.At the interbank foreign exchange market, the rupee opened at 88.69 against the greenback, touched an intraday high of 88.50 and a…
Wall Street witnessed mixed trading on Tuesday, cooling off after Monday’s sharp rally that followed a week of losses. The S&P 500 slipped 0.2% in early trading, the Dow Jones Industrial Average added 73 points, while the tech-heavy Nasdaq fell 0.5%. Despite the pullback, all three major indexes remained close to record highs, AP reported….
Net inflows into mutual fund equity schemes slipped nearly 19% month-on-month to Rs 24,690 crore in October, marking the third consecutive monthly decline even as retail SIP investments and gold ETFs remained resilient, data from the Association of Mutual Funds in India (Amfi) showed on Tuesday.Amfi attributed the decline in equity inflows largely to profit-booking…
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong…
Veterans Day 2025 will be observed on Tuesday, November 11, across the United States, honouring all who have served in the military –in both wartime and peace. Originally observed as Armistice Day in 1919, one year after the end of World War I, the day was renamed Veterans Day in 1954 to commemorate all American…
India’s direct tax mop-up rose 7 per cent to over Rs 12.92 lakh crore between April 1 and November 10, lifted by stronger corporate tax inflows and a slowdown in refund issuances, latest government data showed.Refunds fell 18 per cent year-on-year to Rs 2.42 lakh crore during the period, aiding overall net collections, PTI reported….
In the very short-term, gold is expected to test the strong resistance around $4160. (AI image) Gold price prediction: Gold prices are rallying again on the hopes of US Federal Reserve rate cut expectations, and China’s gold buying. However, Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan recommends buying the…
Citigroup downgraded Trent to sell with the target price drastically cut to Rs 4,350 from Rs 7,150. Analysts said with the overall consumption trend remaining weak bundled with increasing competition, impact of cannibalisation and new store expansion, they expect Trent’s growth rate to moderate further. They cut the company revenue estimates, and earnings before interest,…
Global stock markets rose sharply on Monday as investors showed optimism amid reports that the US government shutdown could soon be resolved, after a breakthrough in the record 40-day standoff.Dow was trading up 115 points or 0.25%, reaching 47,103. Nasdaq also inched 1.95% or 448 points, to trade at 23,452 at 8:50 PM IST. S&P…
American sandwich chain Jimmy John’s might soon enter India!Haldiram Group, one of the country’s top ethnic food services company, is planning to expand into western-style quick service restaurants (QSR). The restaurant chain is in talks with US-based Inspire Brands for an exclusive franchise deal to launch the sandwich chain Jimmy John’s in India, sources close…
