NEW DELHI: Government is open to offering duty-free access to certain automobiles imported from the US, such as bikes with over 1,600cc engine capacity, if it can secure a favourable deal in some areas of interest.Some of the concessions, which are still being discussed internally, may, however, come with quotas. This means the lower or…
NEW DELHI: Ahead of formally launching a money-laundering investigation, the Enforcement Directorate Thursday detained Puneet Jaggi, one of the promoters of Gensol Engineering, which operated BluSmart cab services, to question him on alleged Foreign Exchange Management Act violations. The probe is to ascertain if Gensol diverted funds for acquiring foreign exchange.While Puneet was picked up…
Chris Wood suggests that investors should diversify their portfolios by incorporating assets from China, India and Europe. (AI image) Are the best days over for US stock markets? The US equity market has surpassed its peak performance period, and investors need to be ready for additional dips in stocks, Treasury bonds and the US currency,…
India’s digital payments landscape has taken a significant leap with the launch of UPI Circle, a feature by the National Payments Corporation of India (NPCI) that enables delegated payments while ensuring security and oversight. Designed to increase financial inclusivity and offer convenience in managing household and business payments, UPI Circle is now available on the…
PUNE: Man-in-the-Middle (MitM) cyber frauds cheated a Pune-based firm, dealing in IT services and imports of dry fruits, out of Rs 6.5 crore on March 27.MitM is a type of cyber fraud in which an attacker intercepts and relays communication between two parties, making it appear as if they are communicating directly. As per the…
International Monetary Fund has reduced Pakistan's GDP growth projection to 2.6%. (AI image) The Pakistan Stock Exchange tanked on Thursday, following India’s implementation of stringent diplomatic sanctions against Pakistan in response to the Pahalgam terror incident that resulted in 26 people being killed.The KSE-100 index registered a substantial fall of 2.12%, equivalent to 2,485.85 points,…
India is poised to witness record-breaking formal job creation in the fiscal year 2024-25, hinting strong hiring activity supported by robust economic growth. According to provisional data released by the Employees’ Provident Fund Organisation (EPFO), the net addition of formal jobs in the first 11 months of the fiscal year 2024-25 has already reached 13.22…
Samsung is expected to receive approximately ₹3,200 crore in incentives for its four-year participation in the scheme. (AI image) Samsung has sought an extension of one year for receiving incentives under the production linked incentive (PLI) scheme for smartphones, according to officials familiar with the matter. The South Korean electronics company missed out on incentives…
NEW DELHI: In a significant development, Bharti Airtel is understood to have approached the govt for swapping its statutory dues with equity, something that has been done in the case of beleaguered Vodafone Idea.The company is understood to have outstanding govt payment dues of over Rs 70,000 crore, including Rs 40,000 crore of AGR dues.Sources…
Tech Mahindra has declared a final dividend of Rs 30 per share, taking the total dividend for FY25 to Rs 45 per share, following a robust financial year in which the IT major’s consolidated net profit surged 80% to Rs 4,251.5 crore.The board’s decision to reward shareholders comes on the back of a strong March…
