India has emerged as the world’s third-fastest growing country in terms of power generation capacity over the past five years, only after China and the United States, according to a recent report by the International Energy Agency (IEA). The report highlighted a surge in electricity demand across India, fuelled by rapid urban expansion, increased use…
ITR filing: AIS allows the taxpayer to provide feedback on the transactions reported therein. (AI image) ITR filing FY 2024-25: When filing your income tax return for FY 2024-25 (AY 2025-26), the Annual Information Statement is an important document that every taxpayer should be aware of. Introduced a few years ago, the Annual Information Statement…
United Nations secretary-general Antonio Guterres on Thursday expressed concern over the declining state of globalisation, warning that foreign direct investment (FDI) continues to shrink amid worsening global economic conditions. His remarks came as the UN released fresh data highlighting a negative outlook for international investment flows.In its 2025 World Investment Report, the UN Conference on…
MUMBAI : redBus, the digital bus ticketing service, released its Annual BusTrack Report on Thursday, offering detailed analysis of intercity travel trends across private bus services in India. The report presented a specific focus on Maharashtra’s travel patterns, booking behaviours and favoured routes for 2024-25. The state recorded a notable 20% increase in intercity tourist…
In a major push for India’s port and maritime sector, Vadhvan Port Project Ltd, the firm behind what is set to become the country’s largest port—is gearing up to raise up to Rs 300 billion (approximately $3.5 billion) in debt, presenting lenders with a rare long-term investment opportunity. The Vadhvan Port Project Ltd, located just…
Ever since US President Donald Trump took office, five months ago, his economic policies have unleashed widespread volatility across global financial markets, triggering investor pullback, a weakening dollar, and a sharp divergence in global stock performance.Here is a look at the financial roller-coaster rise:Wall streetAfter years of dominating global markets, US stocks are now lagging…
Indian money deposited in Swiss banks more than tripled in 2024, reaching nearly Rs 37,600 crore or 3.5 billion Swiss francs, according to data released by Switzerland’s central bank. The 2024 figure is the highest since 2021, when Indian money in Swiss banks had reached a 14-year peak of CHF 3.83 billion.This sharp jump, however,…
Iran has repeatedly warned of blocking the Strait of Hormuz, a narrow yet strategically crucial maritime chokepoint for global oil supply, however, the country has not yet shut it down. Analysts say that the vital passage has never been shut down and Iran is using this threat as a diplomatic lever and that the chances…
Union minister for commerce and industry Piyush Goyal on Thursday said that India is in trade dialogues with the countries with whom it does not compete rather can complement with the economies involved.Speaking at an India Global Forum session on UK-India collaboration, the minister highlighted the opportunities that trade agreements create, both for the two…
Hackers with suspected links to Israel have stolen over $90 million from Nobitex, Iran’s largest cryptocurrency exchange, in a high-profile cyberattack that analysts believe was politically driven, rather than financial.The group behind the breach, known as Gonjeshke Darande or “Predatory Sparrow”, leaked what it claimed was Nobitex’s complete source code and declared on Telegram, “ASSETS…
