MUMBAI: Even as property prices continued to rise at a faster pace – 2.2 % in the Dec quarter, rental demand declined by 2.4% quarter-on-quarter across India, indicating a market adjusting to yield compression rather than a broad-based slowdown, Magicbricks said in a report. Chennai emerged as the top market in terms of gross rental…
MUMBAI: Real estate, infrastructure, and corporate sectors are set to gain wider access to overseas funding with RBI overhauling external commercial borrowing (ECB) rules, sharply expanding the pool of eligible borrowers and clarifying permissible uses under the Foreign Exchange Management Act, 1999 framework.The amended regulations shift the ECB regime from a restricted, sector-based eligibility model…
The National Green Tribunal gave a green light to Centre’s Rs 90,000-crore-plus Great Nicobar infrastructure project on Monday, concluding that the environmental clearance granted in 2022 was backed by sufficient safeguards and there was no “good ground to interfere.“ A bench of the tribunal dismissed a series of petitions that had questioned the validity of…
Draft Income Tax Rules 2026: Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details are some of the changes that income taxpayers can look forward to for the upcoming tax year 2026-2027 for which returns will be filed in 2027-28.The Income Tax Department has released the Draft…
The Reserve Bank of India (RBI) has purchased government securities equivalent to 47 per cent of the Centre’s total bond issuances so far in FY26 to support liquidity in the banking system, according to public data.According to news agency PTI , the data compiled from RBI showed that the Centre raised Rs 13,65,000 crore between…
Representative image (AI-generated) HYDERABAD: Energy transition player AM Group, which recently inked a MoU with the Uttar Pradesh govt at WEF Davos for setting up a 1 GW high-performance compute hub in Greater Noida at an investment of $25 billion, on Monday said it commenced development of the mega project.The company said the Yamuna Expressway…
File photo (Picture credit: AP) US stocks were mixed in uneasy trading on Tuesday as companies flagged weakening consumer confidence and investors continued reassessing the impact of artificial intelligence on corporate earnings.The S&P 500 was virtually unchanged after swinging between a modest gain and a drop of nearly 1%. The Dow Jones Industrial Average rose…
Shares of Infosys surged as much as 5 per cent to Rs 1,430.95 on the BSE on Tuesday after the IT major announced a strategic collaboration with Anthropic, offering relief to investors worried about the disruptive impact of artificial intelligence on traditional software services.The stock rally marks a sharp reversal for Infosys, which had been…
Precious metal prices declined up to 2 per cent in the national capital on Tuesday, with silver slipping to Rs 2.45 lakh per kilogram and gold dropping to Rs 1.57 lakh per 10 grams amid subdued demand and weak global cues.According to the All India Sarafa Association, silver prices fell Rs 5,000, or 2 per…
The hiring push comes amid a surge in investments by global companies looking to strengthen their AI presence in the country. (AI image) India’s first AI Summit is turning into a talent scouting ground for Mukesh Ambani-led Reliance Group and Gautam Adani-led Adani Group. The country’s two biggest business houses are actively looking for young…
