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Business
Court Rules on Government Job Succession: Widow Ordered to Provide 25% Salary to Mother-in-Law After Remarriage
A widow in Rajasthan has been ordered by the High Court to pay a portion of her salary to her late husband’s parents after she allegedly abandoned them following her…
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Business
Tax Raid Uncovers Rs 1.12 Crore in Cash and Rs 4.34 Lakh in Foreign Currency at Delhi Residence
An income tax raid in Delhi uncovered Rs 1.12 crore in Indian currency and Rs 4.34 lakh in foreign currency at a man’s residence. The Income Tax Department conducted the…
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Business
HDFC and Kotak: A Shared Focus on Banking Strategies During Anup’s Day
MUMBAI: HDFC Bank and Kotak Mahindra Bank have appointed new CEOs, ending a period of uncertainty in the banking sector. Anup Bagchi will take over as Managing Director and CEO…
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Business
Macro Data Indicates Positive Growth Trajectory for the Economy
NEW DELHI/MUMBAI/CHENNAI: India’s Goods and Services Tax (GST) collections surged by 14.7% in September, exceeding Rs 2 lakh crore, driven by strong performance in the automotive sector. The growth was…
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Business
Banks and NPCI Commit to Prevent MDR Charges from Being Passed On, Says SBI
SBI Chairman CS Setty has identified the Unified Payments Interface (UPI) as a key opportunity for expanding credit offerings, including through Kisan Credit Cards and Mudra loans. He envisions UPI…
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Business
Shoppers Scrutinize Spending as Inflation Impacts Consumer Behavior
MUMBAI: Indian consumers are tightening their belts as rising prices and inflation take a toll on spending habits. With the festive season underway, many are cutting back on non-essential purchases…
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Business
US Trade Representative: India-US Trade Deal Not Expected Soon, Modi and Trump May Discuss Again
The India-US trade agreement negotiations are progressing but remain unresolved, according to United States Trade Representative Jamieson Greer. He stated that discussions are ongoing, with Prime Minister Narendra Modi and…
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Business
Dollar Reaches 17-Month Peak: Greenback on Track for Three-Week Winning Streak
The US dollar reached a 17-month high on Friday, marking its third consecutive week of gains. This surge is attributed to a global bond sell-off that has driven borrowing costs…
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Business
Homebuyer Receives Tax Relief from ITAT Kolkata After Upfront Payment for Property Amid Rising Circle Value
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of a homebuyer facing a tax notice due to increased stamp duty on a property purchase.…
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Business
Anthropic’s AI Dilemma: The Potential Risks of Advancing Powerful Systems for Humanity
Anthropic is preparing for a potentially historic initial public offering (IPO), aiming for a valuation of $2 trillion. The San Francisco-based artificial intelligence company has released a prospectus that devotes…
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Business
Nitin Gadkari’s Ministry Supports IIT’s Innovative Waste Plastic Technology for National Highway Construction
In a pioneering effort, the Road Transport Ministry, led by Nitin Gadkari, has utilized waste plastic in a wet mix with bitumen to construct a section of a national highway.…
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Business
Challenges Confronting Noel Tata and Unlisted Tata Sons
MUMBAI: Noel Tata’s initiative to maintain Tata Sons as a private entity faces significant challenges, primarily from the Reserve Bank of India (RBI). The chairman of Tata Trusts has proposed…
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Business
Oil Prices Remain Elevated Above $103 as Trump Rejects Iran Sanctions Relief
Oil prices rose on Wednesday, surpassing $103 per barrel amid renewed uncertainty regarding the U.S. approach to Iran. This uptick followed U.S. President Donald Trump’s dismissal of reports suggesting that…
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Business
Anthropic Aims for $2 Trillion Valuation Amid Significant Spending and Losses
Anthropic is targeting a valuation exceeding $2 trillion as it embarks on an ambitious spending plan of $518 billion for cloud computing and infrastructure over the coming years. The company’s…
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Business
Growing Popularity of PPF: Investment Trends in India
Indians are increasingly turning to equity investments, yet small savings schemes remain a crucial part of their financial portfolios. Popular options like the Public Provident Fund (PPF), Sukanya Samriddhi Yojana…
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