Power generation: India records third-highest growth in power generation; behind only US & China in last five years

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…

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India bleeds Pakistan dry: Water at ‘dead’ levels in Pakistan’s dams; bigger Indus river plans in the works – top points to know

Looking past short-term measures, India is now working on a bigger plan to effectively utilise the Indus river system to its benefit. (AI image) Pakistan is finding it difficult to get through its kharif season with consistently lower levels of water in dams – a situation brought about by India’s suspension of the Indus Waters…

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ITR e-filing AY 2025-25: What is Annual Information Statement (AIS) and how is it different from Form 26AS? Top points for taxpayers

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…

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Global FDI decline: UN warns of declining globalisation; ‘Barriers are rising’

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…

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20% increase in intercity tourist bus reservations : redBus report

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…

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SNB report: Indian funds in Swiss banks triple to Rs 37,600 crore in 2024; individual deposits up only 11%

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,…

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Trumponomics: How US president Donald Trump has triggered a financial roller coaster; shaken global markets in 5 months

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…

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Maritime boost: India’s largest port project eyes raising $ 3.5 billion debt; Vadhvan gears up for global trade role

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…

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