NEW DELHI: The Securities and Exchange Board of India (SEBI) on Monday imposed a Rs 25 lakh penalty on the Multi Commodity Exchange of India (MCX) for failing to adequately disclose substantial payments made to 63 Moons Technologies (formerly known as Financial Technologies India Ltd).The penalty, which must be paid within 45 days, stems from…
MUMBAI: Swiss consumer goods giant Nestle S.A has picked up a minority stake in Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said that it has been valued at $1 billion post the investment, joining the ranks of unicorn startups. “This is a financial investment by…
InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition…
ITR filing FY 2024-25: Even if you don’t have taxable income, you may still be required to file a return under certain conditions. (AI image) By Kuldip KumarThe Government recently notified the income tax return (ITR) forms for the financial year 2024–25. While there aren’t many changes, most of them are aimed to facilitate the…
Tata Motors’ electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report.The turnaround in margins came even as EV sales dipped and its market…
As satellite-based communication services near commercial rollout, the Indian government is stepping up efforts to secure national interests amid expected dominance by global players such as Elon Musk’s Starlink, Jeff Bezos-led Amazon Kuiper, and Eutelsat OneWeb.Officials aware of the matter told The Economic Times that a slew of strategic measures are being finalized to boost…
Memorial Day, which had traditionally been observed on May 30 to honor America’s fallen service members, officially became a federal holiday in 1971 and is now held on the last Monday in May.Over the years, it has also become one of the busiest weekends for retail sales and travel across the United States. Here’s a…
European shares opened higher and U.S. futures surged after U.S. President Donald Trump announced a delay in imposing a 50 per cent tariff on European Union goods. Meanwhile, most Asian markets declined, with the Hang Seng Index in Hong Kong dropping 1.4 per cent to 23,282.33.Trump said the tariff hike would now be pushed back…
NEW DELHI: Japan has become one of the top five destinations for Indian car exports for the first time in FY25, signaling growing global demand for vehicles manufactured in India, even from advanced markets.Major Indian exporters like Suzuki Motor Corp and Honda Motor Co’s local units are increasingly using India as a global production base….
The locomotive engine is capable of transporting 4,600 tonnes of freight. Indian Railways’ first 9,000 HP electric locomotive engine was unveiled by PM Narendra Modi in Dahod on Monday. PM Modi inaugurated the locomotive manufacturing shop at Dahod’s rolling stock workshop.PM Modi is on a two-day tour of Gujarat on May 26 and 27, during…
