Mumbai: Flipkart has secured go ahead from the National Company Law Tribunal (NCLT) to shift its domicile to India from Singapore, taking the Walmart-controlled firm a step closer to IPO, said people aware of the matter. Flipkart did not respond to queries.In April this year, the company had started the process of shifting its base…
Citigroup maintained its buy rating on Maruti Suzuki with the target price hiked to Rs 19,000 from Rs 18,900 earlier. Analysts said they were making minor changes to their estimates for the company’s numbers to account for the recent strength in volume growth. They increased the volume growth for Maruti for FY26 to FY28 by…
NEW DELHI: India’s exports grew at their fastest pace in over three years, rising 19.4% to $38.1 billion in Nov on the back of a jump in shipments to the US and China. With imports falling 2% to $62.7 billion, the trade deficit narrowed to $24.6 billion, the lowest level since June.India’s exports to the…
New Delhi: The unemployment rate for those in the 15 years and above age group dipped to an eight-month low of 4.7% in Nov from 5.2% in the previous month while the overall Labour Force Participation Rate (LFPR) for the same age bracket rose to a seven-month high of 55.8% during the month.The monthly bulletin…
MUMBAI: The insurance sector is expected to see significant investments with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, to be introduced by the government in the winter session of Parliament.The Bill seeks to enable 100% FDI in insurance and allows Irdai, the regulator, to issue sector-specific licences, permitting new insurers to…
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a significant change for National Pension System (NPS) subscribers who had opted for Scheme A under Tier I (Active Choice). The pension regulator has decided to merge Scheme A with Schemes C and E, a move it says is aimed at modernising the NPS investment…
Wall Street opened the new week on a cautious positive note on Monday, with investors positioning themselves ahead of a heavy slate of economic data that could influence interest-rate expectations and market direction.In early trade, the S&P 500 rose 0.3%, while the Dow Jones Industrial Average gained about 150 points, or 0.3%. The Nasdaq Composite…
A fresh sweep against tax fraud has uncovered 489 bogus GST registrations in just six months, with forged PAN and Aadhaar details used to evade over Rs 3,000 crore in taxes, the government told Parliament on Monday, signalling a sharper focus on data-led enforcement, according to PTI.The latest detections, covering April to October, come even…
France’s last-minute opposition and mounting farmer protests are threatening to derail the European Union’s long-delayed free-trade agreement with South America’s Mercosur bloc, raising fresh doubts over whether the pact can be signed this year, AP reported.Angry European farmers, fearing cheaper agricultural imports and tougher competition, have taken to the streets in Brussels just as EU…
India is well placed to attract large-scale investments in data centres as the country faces no shortage of electricity and its national power grid is capable of meeting future demand surges, Union minister Piyush Goyal said on Monday, ANI reported.Addressing a press conference on the energy sector, Goyal said India’s integrated national grid of 500…
