News that keep you updated
MUMBAI: Equity benchmark indices pared more than half of their intraday gains on Thursday after profit booking in the final hours, even as sensex and Nifty had staged a sharp recovery earlier in the session on bottom fishing and positive cues from foreign institutional investors.After a 1,677-point fall on Wednesday, sensex opened higher at 76,576…
NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the…
India having 5,000 GCCs by 2030 is realistic, achievable: Sitharaman NEW DELHI: India is planning to tap into the growing global capability centre (GCC) market to make itself indispensable to the world’s knowledge economy, as finance minister Nirmala Sitharaman Thursday reiterated that the goal of building an ecosystem capable of supporting around 5,000 GCCs by…
MUMBAI: The Forum for Internet Retailers, Sellers & Traders (FIRST) has dragged Walmart-owned Flipkart Group to the Competition Commission of India (CCI), seeking a fresh investigation into the conduct of the company over practices designed to distort competition, benefit few preferred sellers and exclude scores of small retailers from the marketplace system.In its 157-page complaint…
Brent crude in London traded close to $79 a barrel on Thursday, taking its gain for the week to nearly 9%. (AI image) Iran has accelerated crude shipments, dispatching oil tankers carrying about 11 million barrels over the past 24 hours as tensions with the US escalate once again and President Donald Trump threatens to…
The claims arose out of a road accident that occurred on 16.04.2022 near Harina Bus Stand on National Highway-6 under Kharagpur (Local) Police Station. (AI image) The Calcutta High Court has held that the mere fact that a vehicle was stationary at the time of an accident does not absolve its owner or insurer from…
Under international law, ships are generally entitled to transit passage through straits used for international navigation. (AI image) With the Strait of Hormuz now beginning to reopen, Iran and Oman — the two nations bordering the strait — have floated the idea of introducing a permanent fee system for ships using the passage.Until the US…
Investors assessed the latest developments following President Donald Trump’s remarks casting doubt on the temporary truce in the conflict with Iran. (AI image) Wall Street traded with little direction on Thursday, while oil prices remained relatively stable after the sharp volatility seen a day earlier, as investors assessed the latest developments following President Donald Trump’s…
TCS Q1 FY 2026-27 results: Tata Consultancy Services (TCS), India’s largest IT services company, reported a 5% year-on-year increase in consolidated net profit for the first quarter. Earnings rose to Rs 13,349 crore from Rs 12,760 crore in the corresponding period last year. The company’s board also approved an interim dividend of Rs 12 per…
Form 16 Part A contains details of tax deducted and deposited by the employer on the employee’s behalf. (AI image) ITR filing FY 2025-26: For salaried taxpayers, the process of filing income tax return or ITR begins with Form 16. It’s the most important document with comprehensive details about your salary income. The deadline to…
