CATEGORIES

Samsung weighs setting up 5G gear production hub in India

Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.

Retail inflation slows to 6.83% as vegetable prices decline

Retail inflation moderated to 6.83% in August from a 15-month high of 7.44% in July due to easing vegetable prices, offering a measure of relief to the Indian central bank and bond investors.

Gadkari's diesel dare spooks auto stocks

“Pollution is a serious problem... I have been preparing a letter for the last 8-10 days to discuss with the finance minister.

Byju's To Sell Epic, Great Learning To Repay $1.2 Bn Loan

Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan it raised in November 2021.

How Can I Increase My Health Cover?

I have held a health insurance policy worth ₹5 lakh for the past decade. However, I now believe that this coverage is inadequate, and I wish to enhance it to ₹50 lakh.

Meta Is Developing A New, More Powerful Al System

Facebook, Instagram parent wants system to be as capable as OpenAI's most advanced model

The mental impact of technology on boomers

Rapidly advancing technologies can have a psychological impact on the elderly that leaves them feeling isolated and redundant

A thick alphabet soup of global entities has been getting thicker

The proliferation of groups is an inevitable consequence of the world headed for multi-polarity as multilateralism weakens

Nuclear energy is clean but too risky to rely on

India and France have plans for this option. Nuclear power does offer us a tempting path to carbon neutrality free of fossil fuels, but we can't ignore meltdown and waste disposal risks

Should you report foreign stocks in ITR as per calendar year?

Foreign investments are required to be disclosed in schedule foreign assets (FA) as per calendar year, unlike all other disclosures that are done as per the financial year. This would mean that for the assessment year 2023, taxpayers should have declared foreign investments done between 1 January 2022 and 31 December 2022 in their income tax return (ITR).

BATTERIES INCLUDED: AMARA RAJA'S GAME PLAN

The company wants to become India's biggest lithium-ion battery maker. But does it have what it takes?

SpiceJet pays Kalanithi Maran ₹62.5 cr

SpiceJet paid ₹62.5 crore to Kalanithi Maran on Monday, and is planning to clear the remaining ₹37.5 crore within a day, to comply with a 24 August Delhi high court order in connection with the arbitral award.

Scoot eyes non-metro cities for India growth

The budget venture of Singapore Airlines is betting on exotic travel trend

'Will focus on portfolio of business hotels in tier-I locations'

Samhi Hotels Ltd, which plans to raise ₹1,370 crore by selling shares, will continue to expand its portfolio of business hotels in India’s top cities, Ashish Jakhanwala, the chairman, managing director and chief executive, said.

Hyatt eyes 50 hotels by year end, 100 in next five years

It plans to add 10 properties to achieve the target of 10,000 rooms in India by 2023 end

Kedaara pours $229 mn into SaaS firm Perfios

Perfios to use the funds to expand across North America and Europe

Investors rein in India bond optimism as crude oil prices surge

Investors are holding back from going all in on Indian sovereign bonds even amid easing debt supply as rising crude prices threaten to reignite inflation concerns.

KKR to invest ₹2,069 cr in Reliance Retail, raise stake to 1.42%

Global investment firm KKR is set to raise its stake in Reliance Retail Ventures Ltd (RRVL) from 1.17% to 1.42% by infusing ₹2,069 crore through an affiliate. In 2020, KKR had invested ₹5,550 crore for the first time in the retail business, spanning grocery, consumer electronics, apparel, footwear, online commerce, and jewellery.

'Pref share owners aren't fin creditors'

Can't be tagged so unless the shares are due for redemption: NCLT

India's DPIs may help soft power projection: Former NHA chief Sharma

The global proliferation of digital public infrastructures (DPIs) can be part of India’s soft power projection, in turn helping “increase our influence\" around the world, said Ram Sewak Sharma, former chief executive of the Centre’s National Health Authority (NHA).

India, Saudi weigh local currency trade

India and Saudi Arabia have begun discussions on trading in national currencies, officials from the ministry of external affairs said after a visit by Saudi Crown Prince Mohammed Bin Salman.

'Global deal to stop MNC tax avoidance likely by 2023 end'

A global tax convention to tackle aggressive tax avoidance by the top 100 multinational corporations, especially tech giants, is likely to be signed by as many as 138 countries by the end of the year for implementation in 2025, David Bradbury, deputy director of the Organisation for Economic Cooperation and Development’s (OECD) Centre for Tax Policy and Administration said.8 gireesh.p@livemint.com

Nifty breaches 20K, rally set to continue

G20 summit propels infra stocks, including Adani group shares

Regency Taps Quadria Cap, Kedaara For Up To ₹400 Cr

Fundraising after seven years targets healthcare-focussed PE funds, sector-agnostic investors

Differentiated Responsibility Gets G20 Nod Before COP28

The New Delhi Leaders’ Declaration captures the intent of the G20 countries, responsible for 80% of global greenhouse gas emissions, to meet Paris Agreement goals but doesn’t explicitly lay down as to how they would do it.

Business action is critical for the G20 to meet its larger objectives

The B20 recommendations that found place in the G20 leaders' declaration should drive new government-industry synergies

How sale of foreign shares is taxed in India

What will be the tax applicability and the conversion rates if an Indian resident sells his shares that are listed on the US stock exchange?

Artisans to get ₹15,000 as incentive under Vishwakarma scheme

The registration and benefits of the Vishwakarma scheme would also be restricted to one member of a family

Panasonic aims to double its solar business, boost exports

The firm expects the share of exports to its entire business increase from 25% in FY23 to 30% this financial year

State-run general insurers lose share

For the first time, state-run general insurers account for less than a third of the industry premium at 32.5%, as larger private non-life insurers have consolidated their position in the first five months of the current fiscal, according to the General Insurance Council data.