Business

Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…

How is gold taxed? (AI image) Gold is a safe haven asset globally – and it’s also the traditional go-to savings and investment bet in India. Gold prices have been rising unprecedentedly over the last 18 months and investors are rushing to buy the yellow metal amidst global economic and geopolitical uncertainty.Investment in gold can…

For millions of salaried professionals and self-employed Indians, financial concern is not just job loss or market volatility — it is securing a safety net in retirement.Unlike most government employees who are covered under pension schemes, most private sector workers today must build their own retirement fund. This has made the National Pension System (NPS),…

New Delhi, Markets regulator Sebi on Wednesday said it has formed a working group to undertake a review of the regulatory framework governing ESG Rating Providers (ERPs). The decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework. The working group comprises representatives from issuers, investors/ ESG…

Market ended in green for the third straight session on Wednesday, with benchmark equity indices rising on the back of last-hour buying in banking, metal and FMCG stocks.The 30-share BSE Sensex jumped 283.29 points, or 0.34 per cent, to settle at 83,734.25 in a volatile trade. The 50-share NSE Nifty gained 93.95 points, or 0.37…

NEW DELHI: India “doesn’t engage as a meek country,” Union commerce minister Piyush Goyal said on Wednesday asserting that “trust and negotiation from a position of strength,” have defined the country’s recent trade successes.Speaking at the Global Economic Cooperation Summit in Mumbai, Goyal said India’s approach to economic diplomacy is rooted in engagement, confidence and…

Gold price today: Gold prices surged on Wednesday, rising Rs 1,297 to Rs 1,52,715 per 10 grams in futures trade, driven by firm spot demand and fresh buying by speculators.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed Rs 1,297, or 0.86%, to Rs 1,52,715 per 10 grams, with a business turnover…

A senior executive of NVIDIA said on Wednesday India needs to significantly scale up its investment in Artificial Intelligence (AI) infrastructure from the current $1.2 billion to align with global levels, describing the Union Budget’s 20-year tax holiday for foreign companies as a major opportunity to build foundational AI capacity. Speaking at the AI Impact…

Meerut residents, all set for India’s fastest metro? Meerut is preparing to launch a metro network that officials say will set a new benchmark for speed in the country. With a maximum operational speed of 120 kmph, the upcoming Meerut Metro is expected to sharply cut travel time across the city. The corridor will stretch…

Oman’s New Tiered Expat Work Permit Fees: Incentives for Omanisation Compliance The Sultanate of Oman is shaking up how companies hire foreign workers by introducing a tiered fee structure for expatriate work permits that directly ties costs to compliance with national employment targets known as Omanisation. The move, announced this week by the Ministry of…