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Business
Could Eliminating LTCG Tax Attract Foreign Investors Back to the Market?
India’s long-term capital gains (LTCG) tax is increasingly viewed as a barrier for investors, contributing to a notable exodus of foreign capital from the country’s stock market. This tax, which…
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Business
Air India CEO Discusses Potential Order for More Wide-Body Aircraft Driven by AI Insights
NEW DELHI: Air India is contemplating a new order for wide-body aircraft as part of its strategy to reclaim market share from competitors. CEO Tewolde Gebremariam stated that the airline…
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Business
Pre-Diwali Surge: Sensex Rises Over 2,400 Points in Just Two Days
MUMBAI: The Sensex surged over 1,000 points for the second consecutive session on Tuesday, closing at 76,918 points, a 1.6% increase. This rally was fueled by softer crude oil prices,…
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Business
Anthropic Reports Q3 Earnings: Revenue Surges to $17 Billion Amid $567 Million Operating Loss
Artificial intelligence company Anthropic reported a staggering 1,127% year-on-year revenue increase, reaching $17 billion for the September quarter. However, this rapid growth was accompanied by soaring computing costs, resulting in…
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Business
Key Features of India’s Indigenous Bullet Train Unveiled for Mumbai-Ahmedabad Corridor
India’s first indigenously developed high-speed bullet train, B28, has successfully passed a crucial stage in its safety evaluation. Currently undergoing the vehicle body shell assessment, known as the “squeeze test,”…
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Business
Gold and Silver Prices Ahead of Dhanteras 2026: Should Investors Buy Now, Wait, or Consider Alternatives?
Indian shoppers are poised for a favorable Dhanteras as gold and silver prices have recently declined, providing an opportunity for festive purchases. After reaching record highs earlier this year, both…
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Business
Oil Prices Rise Following US Strike on Iran’s Qeshm Island, Renewing Supply Concerns
Oil prices rose in early Asian trading on Tuesday, driven by renewed concerns over military conflict in the Middle East. Brent crude futures increased by 48 cents, or 0.5%, reaching…
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Business
Government Conducts DigiYatra Testing for International Flight Operations
NEW DELHI: The Indian government has initiated trials for a biometric facility aimed at enhancing the travel experience for international passengers. The Digi Yatra program will allow eligible Indian nationals…
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Business
$3.64 Billion Withdrawn from Binance Following $6.3 Billion Crypto Heist
Customers withdrew $3.64 billion from Binance following a significant security breach that saw hackers steal approximately $6.3 billion in cryptocurrency. This incident prompted users to withdraw about 2.1% of the…
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Business
Reliance Shares Climb Over 7%, Poised for Best Single-Day Gain Since January 2024: Key Factors Behind the Rally
Shares of Reliance Industries surged over 7% in early trading on Monday, reaching Rs 1,246.45 on the BSE after the company announced a record quarterly profit for the July-September period.…
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Business
Goldman Sachs: India Ranks Among Top Global Markets in October as Investors Shift Focus from AI Stocks
Indian equities emerged as one of the top-performing markets globally in October, outpacing the broader Asia-Pacific region. Investors shifted their focus from AI-sensitive technology stocks to other sectors, particularly IT…
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Business
IndiGo CEO Willie Walsh Discusses A350 Aircraft Delivery Amid Challenges in the Airline Industry
IndiGo is navigating a challenging aviation landscape marked by rising fuel costs and operational pressures, according to CEO Willie Walsh. Despite these hurdles, Walsh expressed optimism about the airline’s growth…
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Business
China Imposes Export Controls on Construction Equipment: Impact of Restrictions on Tunnel-Digging Machines and Potential Effects on India
China is tightening its export controls on construction equipment, specifically targeting tunnel-boring machines and related machinery. This move could significantly impact India’s infrastructure projects, raising concerns about the country’s reliance…
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Business
India’s Manufacturing PMI Declines to 54.7 in October Amid Surge in Export Orders
India’s manufacturing activity showed signs of slowing in October, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) dropping to 54.7 from 55.1 in September. Despite the decline, the index…
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Business
SEBI Proposes Removal of Long-Term Capital Gains Tax Relief for Foreign Investors
The Securities and Exchange Board of India (SEBI) has urged the government to consider abolishing the long-term capital gains (LTCG) tax on equities, particularly for foreign investors. This proposal is…
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