CATEGORIES

Govt defers tax hike on foreign remittances, spares credit cards

The central government on Wednesday deferred its budget announcement of raising tax collected at source (TCS) rate on overseas remittances and rolled back the move to include credit card spending while abroad within the scope of this mode of tax collection.

Govt okays 3.7 tn for fertilizer plans, raises cane prices

The Cabinet Committee on Economic Affairs (CCEA) approved multiple fertilizer schemes with a total allocation of ₹3.7 trillion on Wednesday to boost farm output, ensure food security, and promote environmental sustainability.

Markets hit record highs; Adani stocks lead rally

Equity benchmarks hit new highs on Wednesday, as robust foreign fund inflows and the advance of the southwest monsoon boosted investor sentiment.

Jain's GQG boosts Adani investments

Rajiv Jain’s GQG Partners Llc acquired an additional $1 billion worth of shares in Adani group companies from the promoter group, boosting the US-based fund’s total investment in the Indian conglomerate to $3.4 billion.

Sebi shortens IPO listing timelines

Market regulator okays additional disclosures for foreign funds

THE NIGHT THE NICKEL MARKET BROKE

How the LME sleepwalked into a crisis, unaware of a massive short squeeze centered around metals giant Tsingshan

The irresistible success of footballer Jyoti Chouhan

Chouhan has become a trendsetter by becoming the first Indian footballer who is an indispensable part of an European club

The Ashes: A compelling clash of Test cricket styles

The more traditional Australian tortoise won the first round in the Ashes, but can the English hare stage a comeback?

GREAT STRIDES MADE IN INSURANCE, BUT THERE IS STILL A LONG WAY TO GO

Two decades ago when I joined the insurance industry, it had just about been privatized. \"But will they pay a claim?\" everyone asked me about the sector.

Big tech companies want AI regulation-but on their own terms

OpenAI chief executive officer Sam Altman surprised everyone last month when he warned Congress of the dangers posed by artificial intelligence.

Being Happy With Your Paycheck Isn't Just About How Big It Is

The key to pay satisfaction is a bigger salary, right? Not exactly.

'Win for military; Russia dodged a civil war'

President Vladimir Putin aimed to rally Russia's military and security services on Tuesday, telling them they halted a slide into civil war when Wagner mercenaries rebelled and marched on Moscow.

Economic barriers are driving world to confrontation: China

Bid to politicize economies will fragment the world, need to keep supply chains stable, says Chinese premier

Coursera spices up courses with gen AI

A merican edtech firm Coursera is intensifying its efforts to cater to the growing demand for artificial intelligence (AI) and generative Al courses in local languages, and aims to offer more personalized and interactive online courses by leveraging these tools, for global as well as Indian subscribers, said a senior company executive.

Tech majors fall in line after CCI cracks whip

Companies are being careful with aspects like self-referencing, search bias

Indian-made foreign liquor volumes grow 14% in FY23

The industry rebounds from the pandemic-led challenges, sets new growth trajectory.

Bajaj-Triumph and Hero-Harley take aim at Royal Enfield

Hero MotoCorp Ltd and Bajaj Auto Ltd are set to launch the first locally-made Harley-Davidson and Triumph motorcycles in July in an ambitious attempt to challenge the dominance of Royal Enfield Motors in the growing market for premium lifestyle motorcycles.

Hindenburg report 'targeted misinformation', says Adani

Lashing out at US short-seller Hindenburg Research, whose report erased billions of dollars in market value of Adani Group companies, Gautam Adani, the group’s chairman, said the report was engineered to make profits by impacting the conglomerate’s share prices.

Near-term concerns limit upside for city gas distribution cos

City gas distribution (CGD) companies face multiple concerns in the near term, as reflected in the performance of their stock prices.

Byju's hopes to raise $1 bn at special terms

Byju's is in advanced with prospective shareholders for a $1 biltalks new lion fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran's control over the beleaguered tech startup.

Tata Tech, SBFC Fin, Gandhar Oil get Sebi approval for IPO

Tata Technologies, an arm of Tata Motors, Gandhar Oil Refinery (India) Ltd and non-banking financial company SBFC Finance have received capital market regulator Sebi's approval to raise funds through initial public offerings.

Equitas SFB may trip over elevated costs on the path to growth

Shares of Equitas Small Finance Bank Ltd (Equitas SFB) have gained almost 48% so far in 2023 helped by improvement in its performance in recent quarters.

AC cos may face the heat in June qtr

For companies selling air conditioners (ACs), seasonality plays a crucial role.

'Cautious but excited on Gen Al'

The global logistics industry has increasingly embraced data analytics, artificial intelligence (AI) and block chain as part of its suite of operational and client-facing solutions.

Govt reworks highway targets for FY24

The government is reworking its highway-building target for the current year as it looks to fast track infrastructure in a year of multiple state polls, ahead of general elections next year.

Falling crude shrinks CAD in March quarter to $1.3 billion

The sequential decline in CAD from Q3 was mainly on account of moderation in trade deficit

Illegal antibiotics in seafood, meat ring alarm bells

Detection of banned antibiotics in seafood and meat has prompted India's top drug advisory body to seek greater surveillance, given the danger they pose to human and animal health.

EU's planned due diligence law sparks unease in India

NEW DELHI : A fresh European Union (EU) push to punish suppliers lax on the environment and human rights has sparked unease in New Delhi, given its potential to raise compliance costs and disrupt small businesses.

Air India draws antitrust scrutiny on proposed merger with Vistara

India's antitrust regulator has sent a show-cause notice to Air India over its proposed merger with Vistara (Tata SIA Airlines Ltd), citing concerns about the potential harm to competition in the domestic aviation market, two people close to the matter said.

HDFC-HDFC Bank merger on 1 July

Housing Development Finance Corp. Ltd (HDFC) has tentatively.