Representative file photo (Budget 2025) With more than Rs 1.52 lakh crore of customs duty locked in litigation, the government may consider introducing an amnesty scheme in the Union Budget for 2026–27 to bring closure to long-pending disputes and provide certainty to businesses, Price Waterhouse & Co LLP said on Thursday, PTI reported.The government could…
Ahead of the Union Budget for 2026–27, industry body Assocham has urged the government to roll out incentives for hydrogen-based direct reduced iron (DRI) production and concessional green finance to help the steel sector transition towards low-carbon manufacturing, PTI reported.In its pre-Budget recommendations, the chamber also called for incentives to promote waste-heat recovery systems and…
MUMBAI: Bajaj Group on Thursday completed the acquisition of a 23% stake in its insurance joint ventures from Allianz SE for Rs 21,390 crore, marking the largest transaction in India’s insurance sector and bringing the group closer to full ownership of Bajaj General Insurance and Bajaj Life Insurance.The stake purchase involved Bajaj Finserv, Bajaj Holdings…
US stock indices were largely subdued in early Thursday trade, even as defence companies rallied sharply after President Donald Trump said he wants to significantly raise military spending.The S&P 500 slipped 0.2% in early trading, though it remained close to its recent all-time high. The Dow Jones Industrial Average was down 109 points, or 0.2%,…
The government is working to introduce vehicle-to-vehicle (V2V) communication technology to help prevent road accidents by enabling real-time information sharing between vehicles, Union road transport and highways minister Nitin Gadkari said on Thursday, PTI reported.Addressing a press conference in New Delhi after chairing the annual meeting of transport ministers from states and Union Territories, Gadkari…
The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week from 6.15% last week, when it…
Chinese AI startup DeepSeek is seeing rapid adoption across several developing countries, helping broaden access to generative artificial intelligence even as the overall gap between advanced and emerging economies continues to widen, according to a new Microsoft report.The report said global adoption of generative AI tools reached 16.3% of the world’s population in the three…
For self-occupied homes, the deduction for interest is capped at Rs 2 lakh a year – a figure unchanged since 2015. (AI image) Falling home-loan rates, increase in young population seeking to buy homes and a steady revival in residential sales have encouraged many to take the plunge into home ownership. Tax incentives continue to…
Captain Brandon Fisher, the pilot of Alaska Airlines Flight 1282, has filed a $10 million lawsuit against Boeing. He alleges the company wrongly blamed him and his first officer for the door plug blowout that forced an emergency landing in January 2024. The lawsuit was filed on December 30, 2025, in an Oregon court and…
MUMBAI: SaaS unicorn Amagi Media Labs is set to get listed on the bourses later this month, joining a clutch of startup peers heading to Dalal Street. At the upper end of the IPO price band set at Rs 361 per share, the total issue size is Rs 1,789 crore. The company is raising up…