CATEGORIES

Axe the oil windfall tax: It's outlived its rationale

What should've been a one-off levy at most has settled into on-and-off mode with an air of permanency. Roll it back. Place oil items under GST. Indirect taxes should be less distortive

Can SIPS help in diversifying portfolio?

SIPs can be a great way to diversify your portfolio without the risk of entering the market at the wrong time.

CAPEX: ARE INDIA INC'S ANIMAL SPIRITS BACK?

The private sector has been shy of investing for many years. But 2023-24 could be different

Gaming sponsors brace for impact amid GST turmoil

The marketing budgets of the top gaming industry sponsors could go haywire this year if the Goods and Services Tax (GST) Council on 2 August announces a higher taxation on the industry.

Electric 2-wheelers pick up, but yet to regain FY23 speed

After June's subsidy cuts and price hikes, registrations rose in July; cos expect EV sales to grow

ED at two Hero offices, Pawan Munjal's house

Cooperating with agency, says Hero; I-T had searched its offices in 2022

Aditya Birla Group acquires owner of Yauatcha, Hakkasan

Aditya Birla New Age, the hospitality arm of the aluminium-to-insurance Aditya Birla Group, has acquired Mumbai-based KA Hospitality Pvt. Ltd, founded by late Kishor Bajaj.

o9 Solutions hopes to sustain growth pace, eyes IPO in 2 yrs

The company last month closed a $116 million funding round that valued it at $3.7 billion

India advances digital push at global fora with eye on developing world

India plans to bat for its signature digital public infrastructure (DPI) platforms at the upcoming 78th session of the UN General Assembly starting in September-an annual congregation of some 200 countries. Through its promotional activities, India hopes to win the backing at multilateral forums like the UN for projects related to India's DPI platforms, including UPI, or Unified Payments Interface, Mint has learnt.

Rice export ban clogs ports with 200,000-tonne pileup

Some container-trucks had already left for ports before the government's 20 July notification

Gurugram: Riots rock city, shops set ablaze

Violent mobs roamed the streets of Gurugram on Tuesday afternoon, vandalizing and torching shops and restaurants in Badshahpur, Pataudi Chowk, and Sector 67, hours after a man was killed in Sector 57 and a mosque was burned down.

Rich nations poach nurses amid crisis

A global shortage of healthcare workers is setting off a bruising worldwide battle for talent, as rich countries raid other nations' medical systems for staff to care for their aging populations.

RBI fines 4 PSUs for late reporting

The Reserve Bank of India (RBI) has imposed late submission fees (LSF) of ₹2,000 crore on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments, two people familiar with the development said.

Existing ACC battery units may be able to apply for PLI

The government is considering a proposal to allow existing advanced chemistry cell (ACC) battery storage projects to apply for unutilized capacity under the production-linked incentive (PLI) scheme for the sector, two people aware of the matter said.

Low savings rates drive shift to FDs

Spread between savings and term deposits hits three-year high

Hate Speech Study: Musk Threatens To Sue Researchers

X, the social media platform formerly known as Twitter, has threatened to sue a group of independent researchers whose research documented an increase in hate speech on the site since it was purchased last year by Elon Musk.

All you need to know about supplements

Decoding four key supplements your body needs and their natural sources

Men are easing into some self-care and pampering

While stereotypical notions of accepted manly behaviour persist, the tide is turning and men are indulging in massages and facials

The global bond market can't count on a robust rally just yet

Bets on the Fed’s rate upcycle peak may prove premature yet again

GST on online gaming: We have space to reach a middle-ground

India could consider a 28% levy on just the platform fees of online gaming intermediaries that fulfil regulatory obligations

Venture capitalists find it tough to escape the 'sunk cost' fallacy

They tend to double down on startup commitments rather than admit that their bet has gone bad

Success with chips will take much more effort

India's pitch as a trusted partner for global semiconductor makers and offer of financial incentives could yet be queered by the geopolitical context. We'll have to do plenty ourselves

Food, toys, salon visits and vet: Here is what it costs to keep a pet

Pet ownership is evolving into parenting, prompting some to extend their lavish lifestyles to their companions

CAUGHT BETWEEN DELUGE AND DEFICIT

Climate uncertainty can roil both paddy farmers and rice consumers, placing governments in a tight spot

Kotak bank denies receiving RBI communication on CEO

Bank dismisses report that RBI is pushing for an outsider to succeed Uday Kotak

Microsoft-Blizzard deal under scrutiny

Britain's antitrust regulator on Monday opened up its inquiry into Microsoft's Activision Blizzard deal for comments as it aims for a final decision by 29 August on a $69 billion takeover it had previously blocked in April.

Delhi HC upholds ₹579 cr arbitration award for Marans

The Delhi High Court on Monday upheld the 2018 arbitration decision of a three-member arbitration panel, ordering SpiceJet and its owner, Ajay Singh, to reimburse ₹579 crore along with accrued interest to the airline’s former promoter Kalanithi Maran

Jet Airways' air permit extended

DGCA extends AOC till 30 Sept

Hollywood strike may hit Indian box office

The Indian box office has just begun to see some green shoots thanks to tentpole Hollywood releases

Airtel prepays part of spectrum dues worth ₹8,024 cr

Bharti Airtel acquired 128.4MHz spectrum for ₹19,051 crore in the 2014 auction, including spectrum belonging to Telenor’s India unit