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Business
Taxman Rejects Reimbursement Claim for Foreign Business Travel Charged to Wife’s Card, ITAT Mumbai Clarifies Legal Stance
A Mumbai businessman has secured partial relief from the Income Tax Appellate Tribunal (ITAT) after the tax department disallowed ₹6.42 lakh in travel expenses paid through his wife’s credit card.…
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Business
Nitin Gadkari Highlights FASTag’s Impact on Toll Revenue, Projecting Significant Gains from Full Rollout by 2027
Soon, travelers in India will experience barrier-free travel as the government plans to fully implement the FASTag electronic toll collection system. Union Minister Nitin Gadkari announced that this initiative could…
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Business
Rishikesh-Karnprayag Railway Line Project Achieves 41 Tunnel Breakthroughs, Enhancing Char Dham Connectivity
The Rishikesh-Karnaprayag new railway line, spanning 125 kilometers, has reached a significant milestone with the completion of Escape Tunnel 1. Rail Vikas Nigam Limited (RVNL), the project’s implementing body, announced…
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Business
India’s Retail Inflation Increases to 4.82% as Wholesale Inflation Reaches 9.92%
India’s retail inflation rose to 4.82% in August, up from 4.45% in July, according to data from the Ministry of Statistics and Programme Implementation. This marks the highest reading under…
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Business
Brics Leaders Advocate for Reliable Supply Chains in Critical Minerals Sector
NEW DELHI: The Brics summit highlighted the growing importance of critical minerals in the global energy transition. Leaders emphasized the need for reliable and diversified supply chains for minerals essential…
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Business
EPFO Launches Official WhatsApp Channel for PF Updates: Join Now for Educational Insights on EPF Advance Withdrawals and More
The Employees’ Provident Fund Organisation (EPFO) has launched an official WhatsApp channel to enhance communication with its members. This initiative aims to provide timely updates and essential information regarding provident…
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Business
Global AI Stocks Experience Decline Amid Investor Concerns Over Rapid Development Warnings
AI-linked stocks experienced a significant decline on Monday as leaders from major artificial intelligence companies advocated for a slower pace of development. This call for caution raised concerns about the…
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Business
Karnataka RERA Orders Compensation for Homebuyers as Promised Amenities Remain Undelivered
A Karnataka RERA tribunal has ordered a prominent builder to pay Rs 10 lakh in compensation to four homebuyers after a joint inspection revealed that several promised amenities were not…
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Business
Essar Subsidiary Set to Acquire UK Fuel Retailer for Approximately $550 Million
Essar Energy Transition’s retail division has announced its acquisition of UK forecourt operator SGN Retail in a deal valued at approximately £400 million ($540 million or ₹5,166 crore). This acquisition…
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Business
AB InBev’s Growth in India Outpaces Industry Performance, Says President
New Delhi: AB InBev, the world’s largest brewer, has surpassed the growth of India’s beer market in the first half of the year, positioning the country as one of Budweiser’s…
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Business
Amazon’s Rapid Commerce Division Surpasses $1 Billion in Annual Gross Sales
MUMBAI: Amazon’s quick commerce business in India has surpassed $1 billion in gross annualized sales over the last three months, positioning it among the top three players in the market…
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Business
Solar Industries Expands Global Reach with Acquisition of South African Company
Solar Industries, based in Nagpur, has finalized a deal to acquire South Africa’s Omnia Holdings for Rs 12,951 crore. This acquisition will create one of the largest integrated blasting solutions…
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Business
Oil Prices Surge Over 2%: Brent Crude Exceeds $107 Amid New Saudi Strikes and Strait of Hormuz Tensions
Oil prices surged over 2% on Monday, driven by renewed supply concerns following Houthi attacks on Saudi Arabia and Iranian strikes on vessels in the Gulf. Brent crude futures climbed…
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Business
HDFC Bank Submits Two CEO Candidates to RBI for Consideration
MUMBAI: HDFC Bank has submitted two names to the Reserve Bank of India (RBI) for the position of managing director and CEO, initiating the succession process ahead of Sashidhar Jagdishan’s…
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Business
RBI Denies Tata Sons’ Request to Remain Private, Orders Company Listing
MUMBAI: The Reserve Bank of India has rejected Tata Sons‘ request to relinquish its core investment company (CIC) registration. This decision complicates the holding company’s efforts to remain private and…
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