Driving the news While the political headlines from the Winter Session focused on the usual parliamentary theatrics, Parliament quietly passed a legislative package that fundamentally alters the DNA of your personal finances.In a matter of days, the rules governing how you insure your life, save for retirement, and invest in the market were rewritten. The…
As the pool of skilled tradespeople continues to shrink in the US, Walmart is moving to strengthen its in-house workforce to keep its vast operations running — from conveyor belts and refrigeration systems to electrical networks and basic infrastructure at stores and distribution centres, AP reported.The world’s largest retailer and biggest private employer has revamped…
Markets regulator Sebi is planning to constitute a working group to identify the next technological frontier for stock exchanges, Sebi chairman Tuhin Kanta Pandey said on Saturday, underlining the regulator’s focus on strengthening market infrastructure amid rapid technological change, PTI reported.The proposed group will examine how exchange technology should evolve over the next five to…
NEW DELHI: Corporation tax collections overtook the non-corporate tax mop-up, which went up 1.3%, pulling down the gross direct tax collections growth to 4.2% till mid-Dec with the overall kitty swelling past the Rs 20 lakh crore mark.Latest data released by the income tax department pegged corporation tax collections up to Dec 17 at Rs…
NEW DELHI: The Government of India is seeking suggestions for the upcoming Budget 2026 from the general public to help make new rules and plans for the country. According to a post on X by MyGovIndia, the government encouraged people to participate in this important task. The government stated on X, “Building the Budget with…
After years of predictions that global oil demand was about to reach its peak due to a rapid move towards renewable energy, 2025 saw a clear reversal of that narrative, with oil and gas regaining importance and India emerging as a key engine of global consumption.Major energy outlooks from BP, McKinsey and the International Energy…
NEW DELHI: Parle Agro, which owns popular beverage brands such as Frooti, Appy, SMOODH and Bailley, has recorded a multi-fold growth in its consolidated net profit at Rs 115.38 crore in FY25, while revenue rose 5 per cent to Rs 3,284.13 crore. Its total income, which includes other income, was at Rs 3,370.14 crore, up…
MUMBAI: Adani Group, India’s fifth-largest conglomerate by market value, intends to bid for nearly a dozen airports slated for privatisation as part of its Rs 1-lakh-crore investment plan for aviation infrastructure over the next five years. Earlier this year, govt announced plans to lease out 11 airports, including those in Amritsar and Varanasi.“Out of the…
MUMBAI: Billionaire Gautam Adani is checking into hospitality in a big way, with plans to build “one of the country’s largest hotel portfolios”, anchored around his group’s airports and real estate assets. The move positions the group in direct competition with Tata Group’s Taj, ITC Hotels, and the Oberoi chain (in which Reliance Industries and…
The Union government has cleared a Rs 887-crore plan to develop a world-class marina in Mumbai Harbour, a move aimed at boosting coastal shipping, maritime tourism and waterfront development in India’s financial capital. The project, called the ‘Viksit Bharat Mumbai Marina’, has been approved by the ministry of ports, shipping and waterways and is aligned…