Business

Oil prices edged lower on Thursday after a volatile session, as investors assessed the latest US-Iran strikes and their impact on oil supplies through the Strait of Hormuz.Brent crude stood at $95.33 a barrel, down 30 cents or 0.31% while WTI or West Texas Intermediate was trading at $90.88 a barrel, down 13 cents or…

India’s private sector announced fresh investment projects worth Rs 15.4 lakh core NEW DELHI: Defying expectations, India’s private sector announced fresh investment projects worth Rs 15.4 lakh core in April-June quarter (Q1), a 97% jump compared to corresponding quarter of the previous financial year, latest CMIE data showed. This improvement in confidence was led by…

India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies New Delhi: India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies, with the chiefs of Hyundai Motor India and Maruti Suzuki calling…

Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust MUMBAI: Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust for about Rs 12,100 crore ($1.3 billion). Brookfield and its entities will remain the largest shareholder in the company with a 37%…

For many Indians these days, the real value of gold may lie not in keeping it locked away, but in unlocking it. They say old is gold, and indeed old gold is turning into a golden opportunity for families in India as prices of the yellow metal rise, yielding an asset that is now increasingly…

Although the Form 16 was not available to him, Aggarwal’s Form 26AS contained the details of the TDS that had been deducted. Switching jobs comes with the need for increased vigilance on the income tax front. But what if your Form 16 is delayed and you are unable to file your tax return in time…

Gen Z is one of the more financially aware generations, focusing on financial independence and investing. Love them, hate them, but you can’t ignore them!They may be the generation that has an opinion on everything, and one that everyone has an opinion about, but when it comes to money, Gen Z is rewriting some old…

File photo: An Uber logo is displayed at the company’s headquarters in San Francisco (Picture credit: AP) Uber Technologies will cut about 3,300 jobs, representing roughly 10% of its global workforce, as part of a major restructuring aimed at reducing management layers and reallocating resources towards its core ride-hailing, delivery and robotaxi businesses.The job cuts…

NEW DELHI: The Centre on Wednesday released a set of FAQs to clarify the methodology behind India’s latest GDP estimates, after the opposition raised questions over the credibility of the 7.8% growth recorded in the April-June quarter.The ministry of statistics and programme implementation (MoSPI) said the FAQs explain key issues including the use of double…

The first pair of Vande Bharat sleeper trains was launched earlier this year between Guwahati and Howrah. Indian Railways’ first Vande Bharat Express was launched back in 2019 amid much fanfare. The chair car train became the face of modern train travel in India and now the Vande Bharat sleeper train is looking to replicate…