Representational AI image MUMBAI: The sensex and Nifty opened sharply lower on Friday over Israel’s strikes in Iran, which in turn put crude oil prices on the boil. However, the two indices pared some losses through the session even as investors remained cautious.At close, the sensex was down 573 points or 0.7% at 81,119 points…
NEW DELHI: Finance minister Nirmala Sitharaman is expected to push tax authorities to ensure the timely refund of income tax, GST, and export-related dues, while flagging the long pendency in investigation by the Directorate General of GST Investigation (DGGI).Sitharaman is due to meet top officials of the Central Board of Indirect Taxes and Customs next…
Elon Musk with Donald Trump in Oval office (File photo) The White House instructed the Defense Department and Nasa earlier this month to examine details of SpaceX contracts worth billions following President Donald Trump’s public disagreement with Elon Musk, according to four sources familiar with the directive who spoke to Reuters.The administration instructed these agencies…
India on Saturday welcomed the improvement in the Maldives’ foreign exchange (FX) reserves, noting with satisfaction that the $400 million currency swap between the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) played a significant role in easing the island nation’s external liquidity pressures.The Indian High Commission in Male said it “noted…
The Free Trade Agreement (FTA) concluded with India places Britain at a “genuine” competitive advantage in advanced manufacturing sectors, UK Business and Trade Secretary Jonathan Reynolds told the House of Commons during a debate this week.Fielding questions on the scope and benefits of the deal — agreed last month — Reynolds described the FTA as…
NEW DELHI: The Reserve Bank of India (RBI) may further reduce interest rates following a temporary halt, as additional liquidity might be needed in the latter half of fiscal year 2025-26 (H2 FY26), according to a report “Ionic Wealth” from Angel One, quoted by ANI.The central bank recently lowered its FY26 inflation forecast to 3.7…
Indian Railways reservation charts are prepared in two stages. Indian Railways’ wait-listed passengers may soon be able to know the final status of their train ticket much earlier. Currently, Indian Railways releases the final chart for a train journey four hours ahead of scheduled departure. This adds to the uncertainty for waitlisted passengers on whether…
Warren Buffett’s calculated, long-horizon investment in China’s BYD is proving to be one of his most consequential bets in the electric vehicle (EV) industry — not just in terms of returns, but in how clearly it contrasts with his conscious avoidance of Elon Musk’s Tesla. While Tesla grapples with a global slowdown, Buffett’s BYD stake…
US-based companies have emerged as the single-largest contributors to India’s office space demand in recent years, accounting for over one-third of gross leasing across the top seven cities between 2022 and 2024, according to data from real estate consultancy JLL India.During the three-year period, total office leasing across Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad and…
Dharan Infra–EPC Ltd has taken a decisive step into the renewable energy sector by establishing a wholly-owned subsidiary, Dharan Infra Solar Pvt Ltd, to spearhead its entry into solar power and hybrid energy systems.The new entity will oversee the design, development, and execution of solar modules, cells, and associated accessories. According to a regulatory filing,…
