CATEGORIES

USISPF for simpler TDS, Customs tariff structure

Ahead of the Union Budget for 2025-26, the US-India Tax Forum, a key body under the US-India Strategic Partnership Forum (USISPF), has recommended streamlining the tax deduction at source (TDS) structure to two or three rates, aligning tax rates for foreign bank branches with domestic banks, and introducing a 10 per cent concessional tax rate on dividends for foreign portfolio investors (FPIs).

India Inc's foreign borrowings down 20.2% in 2024 as ₹ slips

Raising overseas debt may be scaled back further as costs mount

ITA seeks govt intervention to revive Darjeeling tea industry

The Indian Tea Association (ITA) has submitted a white paper on Darjeeling tea to the West Bengal government demanding intervention from both the state and central government to revive the local tea industry, which it said was not just an economic asset, but a cultural heritage too.

Performance Slump Halts Quant MF's Dream Run

AUM growth lags in third quarter

There is no change from organisational perspective

Last year, private equity major Warburg Pincus acquired 100 per cent stake in Shriram Housing Finance, which is now re-branded as Truhome Finance. RAVI SUBRAMANIAN, managing director (MD) and chief executive officer (CEO) of the company, tells Aathira Varier in Mumbai, that he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating. Edited excerpts:

BOM Q3 profit surges 36%

State-owned Bank of Maharashtra (BoM) on Wednesday posted a 36 per cent rise in net profit to ₹1,406 crore in the third quarter (Q3) ended December 2024 with rising interest income.

Google's Pichai Joins Tech CEOs in London Cricket Team Bid

Alphabet Inc Chief Executive Officer Sundar Pichai is joining Silicon Valley executives bidding for a London-based cricket team, according to people familiar with the matter.

Foreign loans may be even costlier for companies with limited natural hedges

The rupee's depreciation versus dollar spells a challenge for firms lacking forward cover against their loans, experts warned.

Macro signals flashing amber

The Budget should target a fiscal deficit of 4 per cent of GDP, undertake reductions in import tariffs, and announce India's intention to join at least one major Asian free trade agreement

Cumulative merchandise exports rise 1.6% in Apr-Dec

In November alone, gold imports were slashed by $5 billion to $9.8 billion following the discovery of a calculation error caused by double-counting shipments stored in warehouses.

Mkt volatility may ease in second half of this yr

Indian financial markets are expected to remain volatile in the first half of 2025 amid global and domestic uncertainties, including policies of the Donald Trump administration and the upcoming Union Budget, said Motilal Oswal Private Wealth (MOPW) in its outlook for the calendar year.

US' Curbs on Russian Oil: Refiners Rush to Pay for Oil From Moscow

State refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington's curbs on Moscow's oil industry effectively comes into force next month, people familiar with the matter said.

RBI to hold daily VRR auctions from Friday

Move to ease liquidity concerns; set to begin with ₹50,000 crore

Now, govt may turn to AI for better insights on trade data

The government is working towards developing a data analytics platform with the help of artificial intelligence (AI) to get better insights on trade data, Commerce Secretary Sunil Barthwal said on Wednesday.

Why did the RBI peg the exchange rate?

In a series of recent articles, we pointed out that in 2022, the Reserve Bank of India (RBI) abandoned the flexible exchange rate regime that had been in place for three decades and replaced it with a de facto peg against the dollar.

Sensex, Nifty log gains for second day

Benchmark indices Sensex and Nifty ticked higher for the second straight session on Wednesday, buoyed by buying in bellwether stock Reliance Industries, Zomato and Kotak Bank amid a largely firm trend in global markets.

Meta apologises; Dubey says matter now 'closed'

After a Meta official publicly apologised on Wednesday for the company's Founder and Chief Executive Officer (CEO) Mark Zuckerberg's remarks on the Indian election results, Chairperson of the Parliamentary Committee on Information Technology (IT) Nishikant Dubey said he now treated the matter as \"closed\".

Jio ties up with Polygon Labs to bring Web3 to 450 mn users

Reliance Industries' (RIL) digital arm Jio Platforms, which operates the country's largest telecom operator Reliance Jio, has partnered with blockchain company Polygon Labs to offer Web3 capabilities to its existing applications and services.

L&T Tech Services Q3 net profit down by 4%

L&T Technology Services (LTTS) announced net profit of ₹3,22.4 crore for the third quarter of the financial year 2025 (Q3FY25), down by 4.1 per cent year-on-year (Y-o-Y).

Kalyan Jewellers stock plunges 28% in Jan, over ₹21K cr mcap wiped out

The shares of jewellery retailer Kalyan Jewellers declined nearly 8 per cent on Wednesday closing at ₹550 apiece, recording a total loss of ₹21,850 crore in market capitalisation in January so far.

Tata Motors Leverages AI for Enhanced Vehicle Safety

Tata Motors has outlined its focus on incorporating artificial intelligence (AI) and other advanced technologies to improve vehicle safety for both occupants and vulnerable road users.

Processing power

GPU restriction will affect India's ambitions

India's digital evolution on a post-pandemic treadmill

Ranks eighth among 125 in terms of digital evolution 'momentum'

Tackling urban groundwater contamination

Water is in constant motion — melting, evaporating, condensing, and circulating through the Earth’s systems, never static. As part of this natural cycle, water seeps into the soil, accumulating in underground reservoirs that supply vital groundwater resources.

Diversified revenue mix, margin gains positive for BSE

Exchanges earn 70 per cent of market infrastructure revenues.

Pixxel's Pvt Satellite Launch Propels India into New Orbit

Pixxel, a Bengaluru-based space technology company backed by Google and building the world's highest-resolution hyperspectral satellite constellation, has successfully launched the first three satellites of its Firefly constellation.

TN Rides AI Wave With Chenn-AI As The Epicentre

From planning artificial intelligence (AI) laboratories (labs) across the state and setting up a Centre of Excellence for AI to collaborating with global majors like Google, PayPal, Applied Materials, Amazon Web Services (AWS), and many other investors, Tamil Nadu is moving a step ahead of other states in the AI revolution in India, with Chenn-AI being the epicentre of that.

S Korean Prez Yoon Arrested Over Martial Law Fiasco

President Yoon Suk Yeol faces his first night in detention following his arrest by investigators looking to question the impeached leader over his short-lived martial law declaration.

Decoding India's landmark international agreements

International agreements and treaties can have a profound impact on a country's global relations and domestic politics but the factors that influence them tend to be shrouded in confidentiality and faded memory.

Airtel May Top Revenue Growth Charts in Q3

Residual benefits from last July's tariff hike, Indus consolidation to help telco