Business

Such changes would essentially result in Google being highly regulated for 10 years, subjecting it to oversight by the same Washington federal court that ruled the company maintained an illegal monopoly in online search and related advertising. Alphabet’s Google must sell its Chrome browser to restore competition in the online search market it dominates, and take a…

Elon Musk’s SpaceX launched its giant Starship rocket to space from Texas on Tuesday, advancing the ship’s spaceflight abilities but botching an attempt to bring its booster back to land as U.S. President-elect Donald Trump watched from the company’s rocket facilities. The roughly 400-foot-tall (122-meter-tall) rocket system, designed to land astronauts on the moon and ferry crews…

Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage by bad actors, countries and companies involved said on Monday. The episode recalled other incidents in the same waterway that authorities have probed as potentially malicious including damage to a gas pipeline and undersea cables last…

Foxconn, which employs thousands of women at the iPhone factory at Sriperumbudur, near Chennai, outsources recruitment of assembly-line workers to third-party vendors. These agents scout for and screen candidates, who ultimately are interviewed and selected by Foxconn. Sriperumbudur, India: Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove…

As of November 16, 24K gold in India stands at Rs 75,650 per 10 grams, down by Rs 110 from the previous day. The 22K variant dipped to Rs 69,350 per 10 grams, while 18K gold now costs Rs 56,740, marking a steady decline. Gold in India has hit a surprising twist—it’s now cheaper than in popular…

The withdrawals are concentrated in the secondary market, with FPIs offloading Rs 32,351 crore through exchanges this month, while still investing selectively in the primary market to the tune of Rs 9,931 crore. Foreign Portfolio Investors (FPIs) aren’t just dipping out of Indian markets—they’re stampeding. As of mid-November, FPIs have pulled Rs 22,420 crore from India’s stock…

Russia halted gas supplies to Austria on Saturday in a dispute over payments but was still pumping steady volumes to Europe via Ukraine after remaining buyers asked for more gas. Russia, which before the Ukraine war was the biggest single supplier of natural gas to Europe, has lost almost all of its European customers as the EU…

The capital market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of Rs 20 lakh on four entities found guilty of engaging in allegedly non-genuine trading activities within the illiquid stock options segment of the Bombay Stock Exchange (BSE). The capital market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of…

The regulator also warned that assets, including bank accounts, of Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) will be attached if they fail to make the payment within 15 days of the notice issued on Thursday. New Delhi: Capital markets regulator Sebi has asked Reliance Big Entertainment to pay Rs 26 crore…

General Motors (GM.N), opens new tab is laying off nearly 1,000 workers worldwide, mostly in the U.S., as it looks to streamline operations, a source told Reuters on Friday. GM confirmed in a statement it had made job cuts but did not specify a number. “In order to win in this competitive market, we need to optimize…

After Donald Trump’s election win, he appointed Elon Musk and Vivek Ramaswamy to lead the new Department of Government Efficiency (DOGE). The department seeks highly intelligent individuals willing to work 80+ hours a week with zero pay, Musk said in a post on X. Musk and Ramaswamy will assess the top 1% of applicants, the post said.…

Russia told Austria on Friday it will suspend gas deliveries via Ukraine on Saturday, in a development that signals a fast-approaching end of Moscow’s last gas flows to Europe. Russia’s oldest gas-export route to Europe, a pipeline dating back to Soviet days via Ukraine, is set to shut at the end of this year. Ukraine has said…

This would be similar to the 6.6 per cent growth seen in the pre-pandemic decade, driven by a capex push and surge in productivity. The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating…

The Adani Group plans to invest $10 billion into energy and infrastructure projects in the US creating 15,000 jobs, Chairman Gautam Adani announced The Adani Group plans to invest $10 billion into energy and infrastructure projects in the US, chairman Gautam Adani announced in a post on X (formerly Twitter) He also congratulated the newly elected US…

The new-age tech will largely be used for reducing costs and increasing productivity by 18 per cent in the near future. IT leaders expect that GenAI will replace 3.8 per cent of headcount in 2024, 6.1 per cent in 2025, and 8.2 per cent in 2026. Indian chief investment officers (CIOs) are expected to start allocating budgets…

Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said that Tata Group will continue to be an important stakeholder in the state’s growth story. Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said that Tata Group will continue to be an important stakeholder in the state’s growth story. This will include setting up an IT…

Budget 2025 Expectations: An amnesty scheme for customs, reduction in tax rates for individuals and Limited Liability Partnership firms, easier tax compliance, fast tracking of faceless appeals and a dedicated dispute resolution mechanism top India Inc’s wishlist for the next Budget submitted to the government. Industry Bodies Submit Budget Recommendations for 2025 Representatives from all four key industry bodies, CII,…

Tesla’s (TSLA.O), opens new tab market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald Trump for his extensive support during the poll campaign. The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar…

Pepperoni was getting out of hand at Hormel. The food giant last year was selling 71 different versions of its Hormel Pepperoni brand. There was diced pepperoni. Turkey pepperoni. Mini-slices of turkey pepperoni. Pepperoni sticks. Pepperoni with 50% less sodium. Pepperoni with 25% less fat. Thick-sliced pepperoni. The list goes on. But Hormel is removing, consolidating or…

Zerodha co-founder Nikhil Kamath, 38, is the youngest on the list. Bengaluru: HCL Technologies founder Shiv Nadar, 79, topped the EdelGive-Hurun India Philanthropy List 2024 released on Thursday, for the third time in five years. He donated Rs 2,153 crore in the financial year ended March 2024. Mukesh Ambani, 67, came second on the list with an…

This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. The data was released ahead of next week’s U.N. COP29 climate summit in Azerbaijan, where countries will try to agree a huge increase in funding to tackle climate change. Donald Trump’s…

Investigators searched the offices of U.S. streaming giant Netflix (NFLX.O), opens new tab in France and the Netherlands on Tuesday as part of a preliminary investigation into tax fraud laundering, a French judicial source said. The French investigation, carried out by the Parquet National Financier (PNF) – a special financial crime prosecution unit known for pursuing high-stakes…

When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, opens new tab, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk appears to have…

A 5.48 metre (18 ft) Australian crocodile that held the world record as the largest crocodile in captivity has died, a wildlife sanctuary said on Saturday. He was thought to be more than 110 years old. Cassius, weighing in at more than one ton, had been in declining health since Oct. 15, Marineland Melanesia Crocodile Habitat said…

For almost a month now, Kamra has been highlighting issues of Ola customers and the war of words between Bhavish and him has been continuing ever since. The tug of war between Ola CEO Bhavish Agarwal and well-known stand-up comedian Kunal Kamra is not over yet. The clash, which began with Kunal Kamra highlighting the poor after-sales…

Countries at the U.N. COP16 summit on nature on Friday approved a measure to create a permanent body for Indigenous peoples to consult on United Nations decisions about nature conservation. The consultative body is considered a breakthrough in recognizing the role that Indigenous peoples play in conserving nature globally, including some of the most biodiverse areas of…

Microsoft and Google are back to their old tricks. This week, the software giant accused Google of being behind what it calls “shadow campaigns” to undermine and discredit Microsoft’s cloud business. Microsoft let the world know that Google is behind a new Open Cloud Coalition lobbying group just hours before it was officially announced. “It is designed…

Starbucks (SBUX.O), opens new tab CEO Brian Niccol on Wednesday told investors that he plans to overhaul Starbucks U.S. locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes. Faced with falling demand for its pricey beverages in the key U.S. and China markets as well as…

Track the U.S. technology stocks that dominate the market They’re Wall Street’s big guns. Stocks with so much swagger that they earned a nickname conjured from Hollywood’s golden age. As a group, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla have racked up the lion’s share of the market’s gains in recent years, roaring to nearly one-third…

National pledges to cut greenhouse gas emissions still fall far short of what is needed to limit catastrophic global warming, the United Nations said on Monday as countries prepare for the next round of climate change negotiations in November. The “nationally determined contributions” (NDCs) already submitted by countries to the U.N. are enough to cut global emissions…

Facial recognition and iris biometrics are allowing Changi Airport in Singapore to process passengers through immigration in as little as 10 seconds as it fully embraces futuristic technology. Since facial scanning was fully rolled out on Sept 30, the average time it takes travellers to get through immigration has been cut by 60%, down from the previous…

U.S. fast-food chains were pulling fresh onions out of their menu items on Thursday after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s (MCD.N), opens new tab restaurants that has sickened 49 people and killed one. Restaurant Brands International (QSR.TO), opens new tab, parent of McDonald’s rival Burger King, and…

One person died and dozens fell ill from E. coli infections linked to McDonald’s (MCD.N), opens new tab Quarter Pounder hamburgers in 10 states, led by Colorado, where 26 people were sickened, the U.S. Centers for Disease Control said on Tuesday. The E. coli outbreak, linked to one of McDonald’s most popular menu items, has sickened 49…

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people familiar with the matter. Allianz and Jio Financial are looking to establish a general insurance and a…

Byju Raveendran also said lenders will not get any money if the process of insolvency against the company continues. Byju Raveendran, the founder of troubled edtech firm Byju’s, on Thursday said that he is willing to pay back all the money owed to lenders if they are willing to work with him. During a two-and-a-half-hour call with…

Apple just announced, in a somewhat understated fashion via a press release, a new iPad Mini. It’s the first upgrade for Apple’s smallest tablet since 2021. The new Mini starts at $499. It’s up for pre-order now and goes on sale next Wednesday. The new Mini is mostly a spec bump: it runs a new A17 Pro…

The strike, which began more than a month ago, was driven by demands for union recognition, a pay revision, pay parity, and an eight-hour workday. The strike by Samsung Electronics workers in Tamil Nadu’s Sriperumbudur is likely to end today as significant progress has been made in negotiations between the striking workers and the company, according to…

Indian billionaire Mukesh Ambani’s Reliance has argued that the telecom regulator incorrectly concluded that home satellite broadband spectrum should be allocated and not auctioned, a letter seen by Reuters shows, intensifying a face-off with Elon Musk’s Starlink. The methodology of giving out spectrum for satellite services in India – a market set to grow 36% a year…

MUMBAI: In what is being seen as a ‘pivotal’ move, announced a change in its monetary policy stance from withdrawal of accommodation to neutral, even as it kept the policy repo rate unchanged at 6.5% for the tenth successive time in its latest monetary policy committee meeting. A ‘withdrawal of accommodation’ stance indicates a position where RBI…

Monetary Policy Committee Meeting 2024: This means that all external benchmark lending rates linked to the repo rate will not increase, giving relief to borrowers as their EMIs will not increase. The Reserve Bank of India Wednesday kept the repo rate unchanged at 6.5 per cent for a tenth time in row. The rate-setting panel, however, changed…

Nestle India’s parent has proposed Manish Tiwary, ex-Amazon India head, as the new managing director to address stagnant sales and competition. Tiwary needs board approval to succeed Suresh Narayanan, who retires on July 30 after nearly a decade. Nestle India’s Swiss parent is betting on former Amazon India head Manish Tiwary to steer the packaged foods giant’s…

Zomato CEO Deepinder Goyal took on the role of delivery partner to get a first-hand experience of their challenges. Zomato CEO Deepinder Goyal on Sunday alleged that a mall in Gurugram stopped him from using the lift while he was picking up a food order as a delivery executive. Mr Goyal, who along with his wife Grecia…

RBI begins a three-day monetary policy meeting today, assessing whether to maintain repo rate at 6.50%. Inflation and global uncertainties will be key factors. The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting today (October 7). The meeting will conclude on October 9 as it is to be seen whether the…

Nithin Kamath, co-founder and CEO of Zerodha, announced that the leading online stock brokerage platform will review its pricing structure after November 20, 2024, based on the impact of new rules for index derivatives trading. Capital markets regulator Securities and Exchange Board of India (SEBI) has mandated a new framework for India’s booming equity derivates market and…

Sebi has raised barriers for equity derivatives trading, lowering weekly options contracts to one and increasing minimum trading amounts significantly. India’s market regulator tightened the rules for equity derivatives trading on Tuesday, raising the entry barrier and making it more costly to trade in the asset class, despite pushback from investors. The Securities and Exchange Board of…

A reason being cited for this is the damage caused to the reputation of the equity markets regulator by the allegations made against her by Hindenburg Research. Bengaluru: Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch is unlikely to be granted an extension when her current tenure ends on February 28, 2025, DH has learnt from…

Japan’s beloved elderly giant pandas Shin Shin and Ri Ri were safely returned to China on Sunday, Tokyo’s Ueno Zoological Garden reported on its website. The two pandas arrived at the Ueno zoo in 2011, bringing a little lightness to the country just months after a devastating earthquake and tsunami hit Japan on March 11 of that…

The company’s draft prospectus said existing shareholders will sell approximately 18.5 crore shares. Food delivery and quick commerce giant Swiggy is targeting a $10 billion or 83,365 crore valuation with a ₹ 10,000-crore initial public offering (IPO). Out of this, the company seeks to raise ₹ 3,750 crore from fresh issues. On Wednesday, it came to light that Swiggy had received…

Zerodha CEO Nithin Kamath stated the company is experiencing a revenue plateau and anticipates a significant decline due to new Sebi regulations. Zerodha co-founder and CEO Nithin Kamath said that the company is currently facing a plateau in revenue while preparing for a significant dip in the same later this year. In a blog post, Nithin Kamath…

Tupperware Brands (TUP.N), opens new tab filed for bankruptcy protection in Delaware late on Tuesday, succumbing to mounting losses due to poor demand for its once popular colorful food storage containers. Its popularity exploded in the 1950s as women of the post-war generation held “Tupperware parties” at their homes to sell the containers as they sought empowerment…

Sitharaman, who was speaking at a conclave in Delhi, expressed disappointment in the Opposition, noting that despite the 2024 Lok Sabha elections giving them a significant mandate in Parliament, their focus seemed misplaced. In a pointed criticism seemingly aimed at Congress leader Rahul Gandhi, Finance Minister Nirmala Sitharaman on Monday took a strong stance against opposition leaders…

The World Health Organization and partners on Friday set up a scheme to help bring mpox vaccines, tests and treatments to the most vulnerable people in the world’s poorest countries, similar to efforts during the COVID-19 pandemic, after earlier approving the first shot for the fast-spreading disease. Both steps should make it easier for badly-hit African countries…

In the post on X, Hindenburg claimed, “Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts.” In what has transformed into a never-ending saga of revelations, the American short-selling group Hindenburg has come about with a new set of claims associated with the Indian business conglomerate, the Adani Group. Adani’s Funds…

Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday. Zara’s ‘Pre-Owned’ platform is already running in 16 European countries, after launching in Britain in November 2022. Inditex (ITX.MC),…

Opposition lawmakers had a war of words with Bharatiya Janata Party MPs in a meeting of Parliament’s Public Accounts Committee (PAC) on Tuesday over summoning Madhabi Puri Buch, chairperson of market regulator Securities and Exchange Board of India (SEBI). The development came to light after a senior member of Parliament from Trinamool Congress, Professor Saugata Roy, wrote…

Compounding plays a significant role in long-term wealth accumulation. With an average return of 12%, your money grows not just on the principal amount, but also on the interest earned. Achieving the goal of accumulating a wealth of Rs 15 crore over 30 years may seem daunting, but with smart financial planning, disciplined saving, and the power…

Imagine an iPhone. But slightly bigger. And slightly faster. Okay, now add another button to the side. Make it gold. You in? Apple’s next event is on Monday, and the rumors and reports have been swirling for months about what we will and won’t see. New iPhones are a safe bet. New Apple Watches seem to be…

The Supreme Court has agreed to expedite the hearing on Glas Trust’s appeal against the NCLAT judgment that stayed insolvency proceedings against BYJU’s. This move comes after both BYJU’s and Glas Trust sought an early hearing. The Supreme Court on September 6 agreed to list for an early hearing the appeal of US-based creditor Glas Trust Company…

IPO-bound food delivery platform Swiggy has disclosed that a former junior employee allegedly embezzled more than Rs 33 crore over a period of time from one of its subsidiaries. As per reports, the Zomato rival initiated a probe with an external team and has filed a legal complaint against the individual whose name was withheld in its…

Sources said the employees held a meeting with the whole-time members to convey their concerns over the ‘distorted picture’ painted by Sebi’s press release A group of disgruntled Securities and Exchange Board of India (Sebi) employees protested outside the market regulator’s headquarters on Thursday, seeking the immediate resignation of chairperson Madhabi Puri Buch, and the withdrawal of…

Volkswagen (VOWG_p.DE), opens new tab is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe’s top carmaker faces from Asian rivals. Monday’s move marks the first major clash between Chief Executive Oliver Blume, who analysts have described as more of a consensus builder than his often combative…

Goldman Sachs (GS.N), opens new tab is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday. The investment bank reinstated performance-related job cuts in 2022 after halting it for two years due to the COVID-19 pandemic. “Our annual…

RIL was also in news as the Mukesh Ambani-led company and The Walt Disney Company got nod from fair trade regulator CCI for the merger of their Indian media assets. Reliance Industries Ltd (RIL) on Thursday shares topped the Rs 3,000 mark ahead of the oil-to-telecom conglomerate’s 47th annual general meeting (AGM), scheduled late in the day…

Traders in the U.S. equity options market are expecting Nvidia’s (NVDA.O), opens new tab upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares on Thursday, a day after it…

Aviation officials from Asia are making a case for global action to reduce injuries from turbulence, with recent high-profile incidents driving calls to improve forecasting across borders at a Montreal gathering of regulators starting Monday. While turbulence does not frequently cause fatalities, it is the leading cause of accidents, according to data from the U.N.’s aviation agency,…

The market regulator has imposed a penalty of ₹25 crore on Ambani and restrained him from serving as a director or key managerial personnel (KMP) in any listed company, associate firm of a listed company or any Sebi registered entity for five years The Securities and Exchange Board of India (Sebi) has barred Anil D. Ambani and…

Historically, the RBI issued 10-14 tranches of SGBs annually. Yet, over the last two years, only four series were released, suggesting a slowdown. Every year, the Reserve Bank of India (RBI) typically releases Series I of Sovereign Gold Bonds (SGBs) between April and June. However, as we sit in August, there’s still no news of the release…

India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday. It is the biggest setback so far to the planned Disney-Reliance merger which aims to create India’s biggest entertainment player…

What are the charges levelled against the Securities and Exchange Board of India’s Chairperson by Hindenburg Research? What are the market regulator’s code of conduct guidelines? Do Madhavi Puri Buch’s actions constitute a potential conflict of interest? What lies ahead? The story so far: Over a year and a half after U.S.-based Hindenburg Research alleged corporate malfeasance,…

Sovereign gold bonds are trading above the reference rate, due to their tax advantage and coupon rate. But with news of lesser or no future issuances, listed SGBs are becoming even more popular. Sovereign Gold Bonds (SGBs) that are available on the exchanges are trading at a higher premium to their reference price. For instance, on an…

Ford Motor (F.N), opens new tab is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of a motor failure, oil and fuel may be released into the engine compartment and accumulate near ignition sources, possibly…

Family-owned candy giant Mars is buying Cheez-It maker Kellanova (K.N), opens new tab in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to date. Mars said on Wednesday it will pay $83.50 per share for Kellanova (K.N), opens new tab, representing about a 33%…

The Supreme Court has revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold. The Supreme Court on Wednesday revived insolvency proceedings against Byju’s by putting a previous tribunal order on hold, in a victory for US lenders that say they are owed $1 billion by the education technology company. The Supreme Court order…

Laxman Narasimhan had only been in the role for a year-and-a-half, but had been under growing pressure following a string of disappointing financial results. Starbucks has suddenly replaced its chief executive after the company suffered a bigger-than-expected drop in sales. The coffee chain’s board announced on Tuesday that Laxman Narasimhan had departed the firm “effective immediately”. They…

Justice Department officials are considering what remedies to ask a federal judge to order against the search giant, said three people with knowledge of the deliberations involving the agency and state attorneys general who helped to bring the case. Washington: Google was found last week to have violated antitrust law by illegally maintaining a monopoly in internet…

Kenya’s main aviation union said it would call a strike from next Monday over a proposed deal with an Indian company to develop the country’s biggest airport – industrial action that could cause major disruption in the east African travel hub. The Kenya Aviation Workers Union, which represents airport workers, said the proposed agreement announced last month…

The mop-up includes personal income tax collection of Rs 4.47 lakh crore and corporate tax collection of Rs 2.22 lakh crore. New Delhi: Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday. The mop-up includes personal income tax collection of Rs…

Adani Power shares plunged 10.94 per cent to hit a low of Rs 619 on BSE. Adani Enterprises tanked 5.27 per cent to Rs 3,018.55 level. Adani Energy Solutions nosedived 17.06 per cent to hit a low of Rs 915.70, before staging recovery. Shares of Adani Enterprises Ltd, Adani Power Ltd, Adani Total Gas Ltd, Adani Energy…

Responding to the allegation, Buchs said in their statement, ‘Our life and finances are an open book. All disclosures as required have already been furnished to SEBI over the years.’ New Delhi: Capital markets regulator Sebi Chairman Madhabi Puri Buch and her husband on Saturday denied allegations levelled against them by short seller Hindenburg as baseless and…

Ola Electric IPO is likely to be listed at around ₹73 per equity share as it is available at a discount of ₹3 in the grey market. Ola Electric IPO is set to list on the bourses today (August 9). The stock is expected to make a lacklustre debut after the IPO of Ola Electric was subscribed…

The Mac Mini will shrink to a size comparable to an Apple TV set-top box. The update will mark Apple’s first major design change since Steve Jobs’ era in 2010. Apple may give its biggest ever overhaul to Mac Mini as the tech giant is reportedly readying a new version of Mac Mini which is set to…

The government on Tuesday proposed relief for taxpayers by offering a choice to select either a 12.5 per cent long-term capital gains tax rate without indexation or a 20 per cent rate with indexation for property acquired before July 23. News18 has learnt that an individual or Hindu Undivided Family (HUF) buying houses before July 23, 2024,…

Concerns have been raised after the world’s largest economy reported much lower-than-expected job creation in July. Stock markets around the world dropped sharply on Monday amid fears the US economy may be heading for a recession. The UK’s FTSE 100 closed down more than 2%, the worst day since July 2023. The FTSE 250 also dropped on…

“Succession is very, very important for business sustainability,” Adani told Bloomberg, adding that he preferred an organic, gradual, and systematic transition. Gautam Adani has reportedly mapped out a succession plan. According to a Bloomberg report, Adani, 62, plans to step down at 70, transferring control of his empire to his sons and their cousins by “early 2030s”.…

BMW (BMWG.DE), opens new tab reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and weaker demand in China weighs on the sector. The German automaker’s earnings before interest and tax (EBIT) margin in its car segment fell to 8.4% from 9.2% in the…

Intel’s on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride. The chipmaker just announced it’s downsizing its workforce by over 15 percent as part of a new $10 billion cost savings plan for 2025, which will mean a headcount reduction of greater than 15,000 roles, Intel…

Stock Market Today: The bullish run of the share market continues today in the early trade. Both the Indian exchanges are trading in green. Continue reading to find out further details like top gainers, losers, sector-wise performance, and more. Stock Market Today Opening, August 1 Stock Market Today Opening: The upward momentum of the Stock Market is…

All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25 per cent as per the market regulator’s rules. New Delhi: India has exempted all state-run firms from meeting public shareholding norms for two years until August 2026, according to a document seen by Reuters. All listed Indian companies, including…

Republican presidential candidate Donald Trump said on Wednesday that he was against everyone having an electric car despite the endorsement of billionaire Elon Musk, the CEO of electric carmaker Tesla (TSLA.O), opens new tab. “Elon Musk endorsed me and he is a friend of mine, … but I am against everybody having an electric car,” Trump said…

In a recent harrowing experience, a Bengaluru businessman discovered counterfeit currency in bundles supposedly containing genuine 500 rupee notes. The incident, which left him visibly distressed and sweating upon opening the bundles sealed with a bank stamp, underscores a growing concern over counterfeit money circulating in the region. According to police, Divyansh Sanklecha, proprietor of a furniture…

Union Budget: Funding agencies have already informed scientists that their budgets are fixed with no room to hike allocations. Finance minister Nirmala Sitharaman hiked customs duty on laboratory chemicals from 10% to 150% in the Union Budget 2024. Owing to this, university research centres are seeing cancelled work orders. This includes all research labs, barring those for…

KYC updates are mandatory for FASTags issued three years ago, to be completed by October 31. For new vehicles, the registration number must be updated within 90 days of purchase. Starting August 1, 2024, the new updated FASTag rules will be implemented aimed at enhancing toll payments smoother and reducing the wait times at toll plazas. The…

Several associations of doctors had sued Patanjali and its promoters, including Baba Ramdev, for defamation. The Delhi High Court on Monday ordered Patanjali Ayurved and its promoters, including Baba Ramdev, to take down claims that allopathy doctors were responsible for the deaths of lakhs of people during the COVID-19 pandemic, while promoting Patanjali’s Coronil as a “cure”…

The paper said that Viksit Bharat is envisioned to be built on the three pillars of ‘Demography, Democracy and Diversity’. Prime Minister Narendra Modi chaired the Ninth Governing Council meeting of NITI Aayog. India needs to strive to be a USD 30 trillion economy by 2047 with a per capita income of USD 18,000 per annum to…