CATEGORIES

The new KNMA as a cultural destination

The museum and cultural centre, set to open in 2026, will offer a confluence of diverse art forms

Major tax relief: Forex payments up to ₹7 lakh exempt

The finance ministry on Friday said that forex payments through debit and credit cards up to ₹7 lakh would be exempted from the liberalized remittance scheme (LRS) and will not attract tax collected at source (TCS) from 1 July, in a major relief to Indians making purchases, such as foreign newspaper subscriptions.

₹2,000 notes pulled ahead of elections

People holding the notes have until 30 Sep to exchange them

20% Tax On Credit Card Spend During Overseas Travel

Starting 1 July, a 20% tax collected at source (TCS) will be levied on overseas credit card expenses of Indians, barring such expenditure on education or medical treatment-related visits, which will be subject to a lower rate, the finance ministry clarified on amendments to the foreign exchange management rules issued earlier this week.

India Data Centres May See $23bn Investments By 2033: Avendus

India may see investments of up to $23 billion for capex on data centres as an infrastructure asset over the next 10 years, driven by the exponential increase in data consumption, storage, governmental thrust on data localisation, and the need for high bandwidth, following the launch of 5G.

US, Allies In Japan With An Eye On Russia, China

G7 concerned by China's economic coercion and Russia's nuclear threats

Hinduja patriarch's death brings $14 bn feud to light

Question over who will assume SP Hinduja's role may crack open divisions

Rooms portfolio to power Airbnb growth

Airbnb, the American home and apartment rental platform, is now focusing more on its rooms portfolio in India as it enters its next phase of growth.

Sebi may tighten definition of price-sensitive information

Markets regulator Securities and Exchange Board of India (Sebi) on Thursday proposed to tighten the definition of unpublished price-sensitive information (UPSI) after it observed many listed companies were not following the law in spirit.

SBI party may cool after Q4 thrill

Public sector lender State P Bank of India Ltd (SBI) closed FY23 on a high, beating expectations on key parameters for the quarter ended 31 March (Q4FY23).

Swiggy food biz turns profitable in Mar: CEO

Sharp focus on innovation coupled with strong execution helped the firm

Just 150 km off Mumbai, women, kids trek miles for water in summer

Women and children in a hamlet near India's financial capital used buckets to draw water from a well before pouring it through strainers into vessels and other receptacles for the journey home.

India to import 9 mn barrel of oil for its strategic reserve

India is considering refilling its strategic hoard of crude oil, joining the US as the world's top guzzler begins to rebuild its depleted stockpiles after a period of drawdown.

Highway boom ignites roadside retail revolution in India

Improved highways are fuelling growth in consumer goods and foods sectors, as an uptick in work-related or leisure travel is made possible by expanding connectivity to previously inaccessible regions and increasing car ownership, unlocking untapped markets.

Indian family offices weigh Gift City to invest overseas

Some of India’s leading family offices are exploring the option of setting up shop at the International Financial Services Centre (IFSC) or Gift City as the Reserve Bank of India (RBI) tightens scrutiny of overseas direct investments (ODI). ODI is a route available for Indian non-individuals to send money overseas.

Siddaramaiah Karnataka's next CM; Shivakumar deputy: Cong

A meeting of the Congress Legislature Party A (CLP) on Thursday formally elected Siddaramaiah as its leader and chief minister of Karnataka, following which he staked his claim with the Governor, who invited him to form the government.

Shein returns to India in tie-up with Rel Retail

Shein is set to re-enter India as soon as this month by partnering with one of the country's largest retail businesses, according to people familiar with the matter, in a bid to tap India's growing consumer market and diversify its China-centric supply chain.

IndiGo posts record profit for Q4 as air travel booms

InterGlobe Aviation Ltd, which operates India’s largest airline IndiGo, on Thursday reported profit of ₹919.2 crore, a record for the March quarter, as air travel boomed.

A dozen insurance permits up for grabs

Insurance regulator reviewing 20 applications for licences

Hot Summers, Hotter Prices: How Inflation Is Impacting You

The advent of summer coincides with the mango season in India, and as climate change continues to drive temperatures up, the price of India’s beloved fruit is also going up.

Luxury Car Sales May Grow 15% In 2023: Audi

Audi India sales rose to 1,950 cars in the first three months of 2023

RBI Allows SBI Funds To Buy Up To 9.99% Stake In HDFC Bank

The Reserve Bank of India (RBI) has approved asset management company SBI Funds Management Ltd's (SBIFML) proposal to acquire up to 9.99% stake in HDFC Bank, the lender said in a regulatory filing on Wednesday.

Japan to host Quad leaders as Biden shortens Asia visit

Biden has invited Australian PM Anthony Albanese to Washington for an official state visit

JSL expects volumes to grow by 20% this fiscal

Rise in domestic demand, withdrawal of export restrictions to drive growth

Play Store policy breaches to face action

Google Inc. is set to initiate strict action against Indian apps that fail to comply with its billing policies on Play Store.

Pricol files objection with CCI to resist Uno Minda's takeover bid

Pricol, a Coimbatore-based driver information systems maker, has filed an objection with the competition regulator to block Uno Minda's move to buy up to 24.5% in the company, Pricol told stock exchanges on Wednesday.

Electric two-wheelers set to get less subsidy

Incentive per vehicle will also be capped at 15% of the ex-factory price

Goldman ESG funds cut stake in Adani cos

The investment arm of Goldman Sachs Group Inc. dramatically reduced its exposure to the Adani Group in its ESG portfolios in the weeks following allegations of fraud against the conglomerate by short-seller Hindenburg Research.

Bharti Airtel maintains Arpu in Q4, but needs a tariff hike

Bharti Airtel Ltd's March quarter (Q4FY23) results were decent. Consolidated revenue at 36,009 crore was up 14% year-on-year.

Epigamia shelves sale of inflation-hit yoghurt business

Indian yoghurt maker Epigamia, backed by French dairy giant Danone, has shelved plans to sell its inflation-hit business and is now looking to expand to new markets, its chief executive officer said in an interview.