New Delhi: About 55 per cent of India’s total merchandise exports to the US will be subject to 25 per cent reciprocal tariff, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a question in the Lok Sabha, Chaudhary said the government attaches utmost importance to protecting and promoting…
New Delhi: Equity-oriented mutual funds garnered a net inflow of Rs 42,702 crore in July, making it the highest-ever monthly tally for the segment, propelled by contributions from thematic and flexi cap funds, despite heightened market volatility plagued by the tariff war with the US. This was a sharp 81 per cent surge from Rs…
New Delhi: No stray dogs roaming the streets of New Delhi? That could be possible in the future after India’s top court ordered authorities in New Delhi to start removing all stray dogs from the streets, and to sterilize and relocate them to shelters permanently. In its order on Monday, the Supreme Court directed the…
New Delhi: Central GST officers in Karnataka detected tax evasion of Rs 39,577 crore in the 2024-25 fiscal year, an over 5-fold jump from the year-ago period, Parliament was informed on Monday. In a written reply in the Lok Sabha, Finance Minister Nirmala Sitharaman said, “Central GST authorities have not issued any notices based on…
In the shadowy world of defence technology, the most potent weapons are often the ones you never see — or hear. One such system, cloaked in secrecy and whispered about in defence circles, is India’s KALI, short for Kilo Ampere Linear Injector. Developed by the Defence Research and Development Organisation (DRDO) in collaboration with the…
New Delhi: Air India has taken significant steps forward in its ambitious USD 400 million fleet upgrade, launching a comprehensive retrofit programme to deliver a world-class flying experience and bolster operational reliability across its domestic and international network. The star of Air India’s retrofit initiative is the modernization of its legacy Boeing 787-8 Dreamliner fleet….
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…
