CATEGORIES

Ramaswamy's pointers can reset conservatism

The White House hopeful has a 10-point list of truths' that could help US Republicans pivot to post-identity politics. Ideology can evolve. This truth shouldn't be lost on the Indian Right

How do I report LIC payouts in my ITR?

I purchased LIC’s Bima Bachat Plan 175 on 9 December 2013 after paying a single premium of ₹100,155. The term of the plan was nine years and the sum assured ₹1.5 lakh. As payouts, I got ₹22,500 in 2016 and ₹22,500 in 2019.

INDUSTRIAL POLICIES HAVE RETURNED. WHAT'S NEW?

After a reset triggered as part of the post-1991 liberalization process was completed, announcements on trade measures by the Indian government became boring, barely making the headlines. In the early-1990s, India’s peak tariff rate was in triple digits and dominated discussion on economic reform. By 2007-08, that peak rate had fallen to around 10%. Any further changes to trade policy, it was assumed, would just be minor tweaks and not worthy of headlines.

Russia says DNA tests confirm Prigozhin died in plane crash

Russian investigators said on Sunday that genetic A tests had confirmed that Yevgeny Prigozhin, chief of the Wagner mercenary group, was among the 10 people killed in a plane crash last week.

Fed's inflation lead investors fight, slowing China to dump EM assets

Once optimistic, now disappointed investors are dumping Asian, African, Latin American assets

Indian tourists to Aus past pre-covid level

Within a year of Australia fully reopening its borders, India has become the first country to breach the precovid tourist arrival numbers. Between July 2022 and June 2023, 383,000 tourists from India visited Australia, up 3% from the 2018-19 figures, a senior Tourism Australia official said.

OTTs vow self-regulation as scrutiny rises

Video-streaming platforms have reached out to the government reiterating their commitment to both responsible content creation and self-regulation amid increasing scrutiny by authorities, said industry insiders.

Quadria Capital to complete returning Fund 1 by year end

Quadria Capital, a healthcare-focused investor, has started distributing the gains from its 10-year-old first fund, along with the principal, to its limited partners or investors. The process is anticipated to conclude by 2023-end.

'Courts and law enforcement need to build Al capabilities'

Brad Smith, Microsoft’s vice-chairman and president, highlighted the crucial role artificial intelligence (AI) is set to play in our lives at work and beyond, at the B20 India Summit.

Lack of quorum at CCI may not stall mergers

A similar situation last year had held up several deals for nearly 6 months.

Upstox mulls entry into lending, insurance to boost growth

Online stock broking unicorn Upstox, which is backed by institutional investors like Kalaari Capital, Tiger Global and IntraEdge, is looking to diversify into newer avenues, as the recent bull run has cooled, and small-ticket public equity investors are taking a breather.

Mixi backs India as emerging mkts outpace Japan's growth

Japan-based mobile entertainment major Mixi set up an India-focused corporate venture capital arm earlier this month, its first such fund outside the home market.

FPIs invest ₹10,689 cr in August

After infusing a staggering amount in Indian equities in the past three months, the pace of inflow from foreign investors ebbed in August with a net investment of ₹10,689 crore on higher crude oil prices and resurfacing of inflation risks.

India may junk 2016 model for bilateral investment treaties with UK, EU

India may no longer stick to the template for bilateral investment treaties (BIT) that it adopted after terminating most of these treaties in 2016, a senior official aware of the development said.

Basmati put under minimum export price

The government set a minimum export price (MEP) of $1,200 a tonne on basmati rice shipments in a move aimed at reining in domestic prices ahead of elections in key states. The move came a day after it imposed a 20% duty on non-basmati parboiled rice exports, effective immediately.

PM warns of new colonialism

Countries with large reserves of critical, rare earth minerals need to consider their 'global responsibility', says PM

Party priorities complicate plans to revive China's economy

Ideology is driving China's economic policy to a degree not seen since the country's opening to the West nearly half a century ago, deterring its leaders from taking steps to spur the sputtering economy.

SoftBank India scores over $5.5 billion exits since 2018

Late-stage technology investor SoftBank Investment Advisers has made more than $5.5 billion in exits from its Indian portfolio since it began operations in November 2018 in Mumbai, said Sumer Juneja, the firm’s managing partner.

NFRA to list out frequent lapses to alert auditors, managements

The National Financial Reporting Authority (NFRA) will soon issue a circular outlining the frequently observed deviations in the preparation of financial statements and statutory audits to give guidance to managements and auditors on practices they should strictly avoid.

Before Sebi report, entity takes ₹600 cr AEL position

A single market participant took a derivatives position worth an estimated ₹600 crore in Adani Enterprises Ltd (AEL), flagship of the Adani Group and a Nifty 50 stock, just days before India’s markets regulator submitted its status report on the Adani probe to the Supreme Court on 25 August.

'Remarkable to see big cos going green'

The transformation under way in India is a key source of optimism for Mark Carney, the chair of Brookfield Asset Management, and the head of transition investing and UN special envoy for climate action and finance.

India Inc.'s ability to repay debt picks up

Cheaper inputs, debt reduction, lower working capital help

Goenka moves SAT against Sebi order

Punit Goenka, former managing director & chief executive officer of Zee Entertainment Enterprises Ltd, on Friday moved the Securities Appellate Tribunal (SAT), challenging a recent confirmatory order issued by the markets regulator Securities and Exchange Board of India (Sebi).

Centre warns against surrogate gaming ads

The I&B ministry had issued similar advisories in Jun and Oct last year

Govt reviews medical device testing capabilities

The market size of the medical devices sector is estimated at *90K cr, its global share is estimated at 1.5%

India now fastest growing market for US Polo Assn

It is targeting a billion-dollar business over the long term from India, which accounted for 15% of sales last year

India seeing China's growth blitz of 2 decades ago: Mittal

China-plus-one has brought investments, India firing on all cylinders: Bharti Enterprises chief

GCC firms slam the brakes on hiring; IT set to take a hit

A slash in hiring targets by the IT services industry will hit revenues in the recruitment sector, said analysts

Ukraine war shadow on G20 meeting joint communique

Ground-breaking consensus on five concrete, action-oriented deliverables, says Piyush Goyal

VIR DAS LANDS ON HIS FEET

Vir Das is perhaps India's most successful comic performing in English, with a long career in stand-up and film. As he embarks on an ambitious journey to Hollywood, the story of how he weathered controversy and found his voice