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Business
Axis CEO Acknowledges Broader Unfinished Agenda Than Anticipated
MUMBAI: Axis Bank, under the leadership of Amitabh Chaudhry for the past seven and a half years, has maintained an 18% return on equity (ROE) for nearly seven consecutive quarters.…
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Business
Anthropic Postpones IPO as AI Leader Targets $2 Trillion Valuation for Mid-October Market Launch
Anthropic is postponing its initial public offering (IPO), now expected to begin marketing in mid-October at the earliest. The AI company plans to release its IPO prospectus in late September,…
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Business
Trump Team Discreetly Ends Investigation into Businessman Linked to US Venezuela Oil Deal: Report
The Trump administration has enlisted Venezuelan businessman Alejandro Betancourt to facilitate a significant oil deal between the United States and Venezuela. This decision comes despite Betancourt’s previous connections to a…
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Business
Trump Allocates $500 Million to Support Republican Midterm Election Efforts
US President Donald Trump plans to allocate up to $500 million from his political action committee, MAGA Inc, to support Republican candidates in the upcoming midterm elections on November 3.…
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Business
Tesla’s Wheel-Free Cybercabs Under US Safety Investigation Following Launch
Just a day after Tesla launched its wheel-free Cybercabs in Austin, Texas, the vehicles are under investigation by the U.S. auto safety regulator. The National Highway Traffic Safety Administration (NHTSA)…
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Business
Understanding the Debate Surrounding India’s 7.8% GDP Growth
India’s GDP growth has surged to 7.8%, surpassing all expectations amid geopolitical tensions, including the ongoing US-Iran conflict. This figure has sparked controversy, with opposition parties and some economists questioning…
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Business
Tax Dispute: ITAT Rules Against Taxman’s Inclusion of Rs 34.81 Lakh in Husband’s Income for Joint Property Purchase
A recent ruling by the Income Tax Appellate Tribunal (ITAT) in Mumbai has clarified the tax implications for co-owners of a property. The case involved a husband and wife who…
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Business
Understanding the 8th Pay Commission Salary Hike Calculator for Level 8 Employees
The 8th Pay Commission will hold consultations in Chennai on September 7 and 8, following a two-day meeting in Jaipur. Employee and pensioner organizations will present their demands to the…
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Business
Sebi to Revise CAS and Update Derivative Trading Methodology
Markets regulator Sebi announced on Thursday that it will revise the settlement price mechanism for derivatives contracts used in the Closing Auction Session (CAS). This decision follows the rollout of…
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Business
Tata Sons Allocates 10,000 Crore for Air India with Specific Conditions
Tata Sons has approved a capital infusion of over Rs 10,000 crore (approximately $1.1 billion) into Air India, marking one of its largest financial commitments to the airline since its…
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Business
Trump’s Image Introduced on US Currency as $1 Coins Sell Out Rapidly
A new $1 coin featuring Donald Trump’s portrait was launched by the U.S. Mint on Wednesday to commemorate America’s 250th anniversary. The coin displays Trump’s image on one side and…
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Business
Rupee Strengthens by 47 Paise Amid Record FCNR Inflows Enhancing Forex Liquidity
Rupee strengthened by 47 paise to 94.26 against the US dollar in early trading on Thursday, bolstered by record foreign-currency deposit inflows that enhanced the country’s forex liquidity. The currency…
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Business
India GDP Growth: SBI Responds to 2.6% Claim, Citing Incorrect Comparisons
The State Bank of India (SBI) has dismissed claims that India’s nominal GDP growth for the first quarter of FY27 was merely 2.6%. The bank stated that this figure arose…
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Business
Mumbai Mother Secures Rs 61.5 Lakh Payout Plus Interest After LIC Denies Insurance Claims for Son’s Diabetes
Life Insurance Corporation (LIC) of India has been ordered to pay Rs 60 lakh to a Mumbai woman after her claims were unjustly rejected following her son’s death. The National…
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Business
Indian Railways to Launch High-Speed 280 km/h Trains in 2026, Following 2027 Bullet Train Project Initiation
Indian Railways is set to launch its first high-speed bullet train, aiming for a speed of 280 km/h by early 2027. The project, which began in 2017, has seen costs…
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