ITC said on Monday it would acquire the pulp and paper business of Aditya Birla Real Estate for up to Rs 3,500 crore ($410 million).The acquisition will add 480,000 metric tonnes per year of capacity to ITC’s paperboards and specialty papers business, the company said.The deal comes as ITC’s paperboards, paper, and packaging segment faces…
Markets are on edge ahead of Trump’s anticipated Wednesday announcement of sweeping new tariffs, dubbed “Liberation Day” by the president. The S&P 500 and Nasdaq Composite just closed their worst quarter in years, hammered by investor anxiety over President Donald Trump’s escalating tariff agenda. The S&P 500 dropped 4.6%, its steepest quarterly loss since Q3…
President Trump plans to announce ‘Liberation Day,’ imposing 25% tariffs intended to boost US revenue by $6 trillion over a decade but risking global economic instability. Economists predict a $1.4 trillion global income hit, inflation, and disrupted trade. While some countries like India may gain initially, experts warn of long-term negative impacts. On April 2,…
MUMBAI: Zomato (now Eternal) has laid off about 500-600 employees working in customer support roles citing non-performance, sources said. Some of the impacted employees alleged that the company terminated the jobs without giving them any notice period. Zomato declined to comment.The firm had hired over 1,500 people last year under its Zomato Associate Accelerator Programme…
Green card holders and H-1B visa holders from India are presently reluctant to leave the US. (AI image) US President Donald Trump administration’s policies are causing significant concerns not only among F-1 student visa holders, but also H-1B visa holders and even permanent residents with US green cards. The F-1 visa category serves international students,…
For the third consecutive year, India received remittances exceeding $100 billion. (AI image) Indians living abroad transferred a record $129.4 billion in 2024, with the December quarter alone accounting for $36 billion, according to the Reserve Bank of India‘s balance of payments data analysis.For the third consecutive year, India received remittances exceeding $100 billion. India…
Understanding these new income tax rules is crucial, as they influence tax deductions. (AI image) Income Tax Changes FY 2025-26: April 1, 2025, signals the start of the fresh fiscal year. As the new financial year begins, several new income tax regulations come into effect, including a more rationalised new income tax regime, higher basic…
India’s GST revenue collection saw an increase of 9.9% year-over-year, reaching Rs 1.96 lakh crore in March. The breakdown shows Central GST at Rs 38,100 crore, whilst State GST reached Rs 49,900 crore. The Integrated GST amounted to Rs 95,900 crore, and GST cess collections totalled Rs 12,300 crore for March.Abhishek Jain, Indirect Tax Head…
OpenAI, the maker of ChatGPT, has secured $40 billion in fresh funding from SoftBank Group and additional investors, valuing the AI firm at $300 billion, establishing a record for startup capital raising.The new valuation is nearly double OpenAI’s previous worth of $157 billion from its October fundraising. Bloomberg disclosed on March 26 that OpenAI was…
he government’s stake in Vi will increase to 48.99% from 22.6%. Vodafone Idea’s shares experienced a significant increase of 19.41%, reaching Rs 8.15 on the BSE on Tuesday, following the government’s decision to convert Rs 36,950 crore of the company’s spectrum payment dues into equity, thereby improving its financial position and reducing statutory obligations.Also Read:…
