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Tax implication of cousin's gift to an NRI in India: Expert insights

My wife and I live and work in France. My wife's cousin wants to gift her money by wire transfer. Will it have any tax implications for my wife in India?

Vedanta eyes dollar bond sales

Vedanta Resources Ltd is going ahead with its second dollar bond offering in two months, testing investor appetite for Indian offshore debt just days after the US indictment of Gautam Adani.

Rupee posts best day in five months

The Indian rupee logged its strongest one-day gain since June on Monday, aided by dollar inflows related to the rebalancing of MSCI's global equity indexes, alongside softness in the dollar and lower US bond yields.

'Food inflation a short-term blip'

(TCPL) is looking at the current food inflation as a \"short-term blip\" and expects it to moderate in the next two quarters along with a revival in the consumer demand, said its managing director & CEO Sunil D'Souza.

Domestic air traffic rises 5.3% in Oct

India's domestic air passenger traffic grew 5.3% to 1.36 crore in October from 1.26 crore in the same month last year, aviation regulator Directorate General of Civil Aviation's monthly data showed on Tuesday.

Maruti to diversify export markets

Maruti Suzuki India on Monday said it is looking to diversify export markets as it aims to clock 7.5 lakh units to overseas locations by 2030-31.

Edelweiss hires Nomura for MF sale

Edelweiss Financial Services Ltd has hired Nomura Holdings Inc. to help find a buyer for a minority stake in its mutual fund business, according to people familiar with the matter.

'Need shared finance platform for supporting weak co-ops'

Launching the UN International Year of Co-operatives 2025, Prime Minister Narendra Modi on Monday said that there is a requirement of a collaborative financial model to ensure easy and transparent financing for co-operatives.

HUL to demerge ice-cream biz into separate, listed entity

The board gave in-principle approval to demerge the biz, after considering proposals

FAA probes 737 Max smoke risks after bird strikes

Aviation regulators are examining whether pilots of Boeing Co.'s 737 Max should take new precautions following two incidents in which planes were filled with smoke after large birds struck the engines.

Scott Bessent sees a coming 'global economic reordering.' He wants to be part of it.

Trump's pick for Treasury secretary has been a fierce defender of his activist approach to trade

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Small OTT firms snap up regional films as foreign peers go slow

The content side has heated up significantly in the past three to four years, so volumes and costs have increased a lot

NTPC in talks to sell jet biofuel

NTPC Green aims to supply sustainable aviation fuel to carriers like British Airways, Lufthansa, Singapore Airlines

Equinox to launch realty projects worth ₹12,000 cr

Embassy One is a residential development in Thane, with 186 apartments, each priced at ₹1 crore and above

Enough cash, no concerns on debt servicing: Adani Group

The group shares details on financial performance, credit profile to reassure investors

Royalty rise evokes calls for frequent shareholder nods

Royalty payments are not just rising, but are also higher than dividends in some cases, found a recent Sebi study

Crompton's durables business on track, but Butterfly lags

Crompton Greaves Consumer Electricals Ltd's shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.

Chronic woes persist for stocks

The thumping victory of the Bharatiya Janata Party and its allies (Mahayuti) in the Maharashtra assembly election means political stability with more synchronization of economic policies between the Centre and the state.

Bet on mid-market corporate borrowers paying off: Kotak

The bank's lower penetration among firms with ₹500-1,500 crore turnover prompted it to create a new unit

NSE, BSE face profit risk from Sebi plan

India's two leading stock exchanges may see their profit drop should the nation's stock-market regulator implement proposed changes to the ownership structure of clearing houses.

PE firm eyeing pros to build new startups

Gaja Capital wants professional managers struck by entrepreneurial bug

HMD eyes exports from India amid US-China tensions

HMD Global (HMD), makers of Nokia-branded mobile phones, is gearing up capacities and local supplier ecosystem in anticipation of higher levels of exports from India to global markets amid higher tariffs expected to be levied on Chinese products by the incoming US government under President-elect Donald Trump.

Govt to start masters in medical engineering at IITs, NITs

The government will start M.Tech courses in medical engineering at leading institutions like IITs and NITs among measures aimed at creating a pool of skilled talent for testing and operating high-tech medical devices and reducing import dependence in this key sector.

Tale of two GDP estimates: S&P cuts, Finmin steadfast

S&P cuts India GDP growth forecast for FY26 and FY27, finance ministry optimistic on FY25

NFRA advises new audit standards for LLPs; ICAI Objects

The National Financial Reporting Authority (NFRA) on Monday recommended audit standards for limited liability partnerships (LLPs), although the accounting and auditing self-regulator Institute of Chartered Accountants of India (ICAI) expressed reservations about some of the proposals, the ministry of corporate affairs said in a statement.

Rural job scheme may get same funds in FY26 amid revival signs

The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), a vital safety net for the rural poor, is unlikely to receive increased funding in the FY26 budget.

Cabinet clears PAN 2.0, other projects

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Monday approved the revamp of the Permanent Account Number system to introduce PAN 2.0, along with projects worth ₹22,847 crore in various domains including agriculture, railways, green energy, and education.

Hindi box office heads for tepid finish to 2024

With just one real blockbuster to show this year in horror comedy Stree 2, entertainment industry experts expect Hindi box office returns for 2024 to be 30-40% lower than in 2023.

NBCC plans to acquire sick PSUs, redevelop land banks

BCC India Ltd has set its sights on acquiring defunct public sector undertakings (PSUs) to redevelop and monetize their land, according to two people with direct knowledge of the matter, as the state-run construction company seeks to leverage success in developing land for some government-owned companies.

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