Capital markets regulator Sebi has imposed penalties totalling Rs 29 lakh on six entities, including India Asset Growth Fund, its manager Essel Finance Advisors and Managers, and trustee Vistra ITCL (India) for multiple violations of AIF rules. The regulator levied a fine of Rs 11 lakh on IAGF, Rs 10 lakh on Arpan Sarkar and…
Aviation watchdog Directorate General of Civil Aviation (DGCA) has revised its operational guidelines for both scheduled and non-scheduled operators during adverse weather conditions, explicitly emphasising that safety must take precedence over “schedule adherence” and encouraging pilots to initiate diversions or air-turn-backs if required.Issuing an updated operations circular, the DGCA also advised pilots to cross-check visual…
ITR filing: Understanding the appropriate tax filing requirements is essential for freelancers. (AI image) Income Tax Return (ITR) e-filing FY 2024-25: ITR filing may be relatively straightforward for salaried individuals, but what about gig workers and those who earn through freelancing? With the rise of freelance and gig-based income, many individuals are unsure how to…
India’s coffee exports have surged by 125 per cent over the past 11 years, touching $1.8 billion in 2023–24, up from $800 million in 2014–15, according to central government data.The rise in exports has been attributed to a series of policy measures implemented by the Coffee Board of India, including digitalisation of permits, export incentives,…
Amazon India on Sunday announced the launch of at-home diagnostics services across six major cities, marking an expansion of its healthcare offering under the Amazon Medical umbrella.The new service, called Amazon Diagnostics, allows users to book lab tests, schedule appointments, and access digital reports through the Amazon app. It is being launched in collaboration with…
India’s formal job market witnessed robust expansion in April 2025 with the Employees’ Provident Fund Organisation (EPFO) adding 19.14 lakh net members, according to payroll data released by the Labour Ministry on Sunday. This marks a 31.31% jump over March 2025 and a 1.17% increase compared to April 2024.The EPFO enrolled around 8.49 lakh new…
India’s agrochemicals industry is forecast to grow to $14.5 billion by 2027-28, clocking a compound annual growth rate (CAGR) of 9 per cent, even as global headwinds persist, Rubix Data Sciences said in its latest outlook.The research firm pegs the current market size at $11.2 billion for 2024-25, up 8.7 per cent year-on-year despite a…
This is an AI-generated image, used for representational purposes only. In a concerted push to tackle the rising wave of digital payment frauds, major public and private sector banks are collaborating with the Reserve Bank of India (RBI) to develop a Digital Payment Intelligence Platform (DPIP), a new Digital Public Infrastructure aimed at enhancing fraud…
Major relaxations proposed in local content rules for the telecom sector under the Public Procurement Order could undermine Indian manufacturers and favour multinational corporations (MNCs), the Global Trade Research Initiative (GTRI) said in a new report.The Department of Telecommunications (DoT) has initiated a public consultation process, open till July 3, to revise the Public Procurement…
File photo: Frederick W Smith (Picture credit: X) Frederick W Smith, the visionary founder and former CEO of FedEx Corp, passed away on Saturday at the age of 80, confirmed FedEx. Smith, who transformed the logistics industry with the concept of overnight delivery, leaves behind a legacy that reshaped global commerce and created one of…
