Promoters Tata Sons and Singapore Airlines infused Rs 9,558 crore into Air India during 2024–25, with the bulk of the investment coming after the merger of Vistara and Air India in November last year, the airline confirmed on Wednesday.Air India spokesperson said the capital was raised to support ongoing transformation plans, fund capital expenditure, and…
RIL share price: Reliance Industries shares, which have remained largely flat over the past year, could find a catalyst in the company’s first-quarter earnings next month, global brokerage CLSA said in a note.“Reliance Industries is entering an exciting period, beginning with its 1QFY26 earnings, where we expect to see notable improvements in KPIs across its…
ITR: One of the most crucial documents for income tax returns, Form 16 is usually issued by the employer. (AI image) Income Tax Return (ITR) filing FY 2024-25: Filing ITR can be a daunting task for many. Salaried taxpayers are often confused about the documents they need to e-file ITR. One such important document is…
Economic activity in India remained resilient in May 2025 despite the dual pressures of global trade uncertainty and geopolitical tensions, the Reserve Bank of India said in its June Bulletin, citing high-frequency indicators across key sectors.“In this state of elevated global uncertainty, various high-frequency indicators for May 2025 point towards resilient economic activity in India…
US stocks held close to record levels on Wednesday as investors paused following two days of strong gains driven by easing geopolitical tensions and a steep fall in crude oil prices, the Associated Press reported.The S&P 500 rose 0.3%, while the Nasdaq climbed 0.6% as cryptocurrency-linked stocks rallied. The Dow Jones Industrial Average slipped by…
India is witnessing a sharp rise in the number of high-net-worth individuals, with the millionaire population expected to grow over 55% between 2024 and 2029—more than double the global average of 21%, according to a new report by Boston Consulting Group (BCG).Releasing its latest outlook on Wednesday, BCG said India’s financial wealth surged 10.8% between…
The ATMS implementation spans the Dwarka Expressway and a 28-km section of NH-48. India has launched its first Advanced Traffic Management System (ATMS) project on the Dwarka Expressway in Delhi on Wednesday. The initiative complies with the National Highways Authority of India’s (NHAI) latest 2023 guidelines, advancing towards intelligent and secure highways.The ATMS implementation spans…
Oil prices dropped approximately 6% on Tuesday, influenced by Trump’s remarks regarding China following the ceasefire declaration. (AI image) US President Donald Trump announced on Tuesday that China may proceed with Iranian oil purchases following the Israel-Iran ceasefire agreement, though the White House subsequently clarified this statement does not represent an easing of US sanctions.“China…
Pune is the ninth most populous city in India and the second most populated city in the state of Maharashtra. Pune Metro: In a boost for connectivity in Pune, Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved the extension of Pune Metro Line 2. Information and Broadcasting Minister Ashwini Vaishnaw said that the extension…
HDB Financial Services maintains robust asset quality metrics, with GNPA at 2.49% and net NPA at 1.38%. (AI image) HDB Financial Services IPO: HDB Financial Services, an NBFC backed by HDFC Bank, opened its IPO subscription on Wednesday. The organisation seeks to secure Rs 12,500 crore in what stands as one of the largest public…
