New Delhi: Asia’s richest man, Mukesh Ambani, drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries, for the fifth year in a row, and dividends remain his main source of earnings. Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and…
Mumbai: Tata Group-owned Air India has rolled out a dedicated emotional and mental well-being app for its pilots and cabin crew members and their families, offering over 600 expert-designed self-care techniques besides one-to-one therapy and psychiatry sessions, in the aftermath of one of the Ahmedabad plane crash in June this year, sources said. Besides, it…
Mumbai: After three successive interest cuts, the Reserve Bank on Wednesday decided to keep policy rate unchanged at 5.5 per cent and retained the neutral stance, weighed by concerns over tariff uncertainties. Announcing the third bi-monthly monetary policy of the current fiscal, RBI Governor Sanjay Malhotra said that the growth rate projection for FY26 has…
New Delhi: India’s exports of petroleum products like diesel and jet fuel to the US continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Donald Trump…
New Delhi: US President Donald Trump’s announcement of 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty, is expected to impact Apple’s plans to expand iPhone manufacturing in India as well as the export of other electronics to the US. The move comes at a time when…
Washington: US President Donald Trump said on Wednesday that the United States will impose a 25% tariff on goods imported from India starting on August 1. “While India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the World,…
New York/Washington: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World Economic Outlook (WEO) Update on Tuesday….
New Delhi: Congress leader Priyanka Gandhi Vadra’s reading of the names of the 25 Indian victims of the Pahalgam terror attack in the Lok Sabha on Tuesday led to a shouting match, with the treasury benches emphasising their identities as “Hindu” and the opposition MPs replying with a loud “Bharatiya”. Priyanka Gandhi read out the…
Kolkata: Diversified conglomerate ITC Ltd will invest Rs 20,000 crore in the medium term to expand its manufacturing footprint across sectors, Chairman Sanjiv Puri said on Friday. Speaking at the AGM, he said the company has already set up eight new manufacturing facilities in recent years as part of its growth strategy. Puri said the…
New Delhi: India has protected the interest of domestic farmers by excluding dairy products, edible oils and apples in the free trade agreement (FTA) with the UK while securing zero duties on 95 per cent of agriculture and processed food items. No tariff concession has been allowed on oats as well in the FTA, which…
