India has the potential to increase its merchandise exports to Russia seven-fold—from $5 billion to $35 billion by 2030—if it secures market access in food, pharmaceuticals, textiles and machinery, according to Global Trade and Research Initiative (GTRI) founder Ajay Srivastava. The report comes as President Vladimir Putin visits Delhi and as Moscow reiterates its goal…
Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors.In a consultation paper, the Securities and Exchange Board of India said the move is intended to enhance…
If your net income-tax liability exceeds Rs 10,000 in a financial year, you are required to pay advance tax in four installments as per the Income Tax Act, 1961. Net tax liability refers to the estimated tax due after adjusting for TDS. While this rule applies to most taxpayers, the law also provides key exemptions…
India has been facing increasing pressure from the Trump administration to stop its crude oil imports from Russia. (AI image) India has been facing increasing pressure from the Trump administration to stop its crude oil imports from Russia. Of the 50% tariffs imposed by the US on India, 25% are penal tariffs for its crude…
Shares of InterGlobe Aviation, the parent of IndiGo, have fallen more than 7 per cent over the past four trading sessions as the airline battles a severe operational crisis that has triggered large-scale flight cancellations and left thousands of passengers stranded.On Friday, the stock slipped 1.22 per cent to close at Rs 5,371.30 on the…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
European Union regulators on Friday fined Elon Musk’s social media platform X 120 million euros ($140 million) for violating the bloc’s Digital Services Act (DSA), saying the platform’s practices could expose users to scams, manipulation and opaque advertising, according to an ET report.The European Commission announced the penalty after completing an investigation it launched two…
Silver soars to a record high, Indians rush to cash in!The India Bullion & Jewellers Association (IBJA) estimates that about 100 tonnes of old silver were sold in just one week, a volume that typically takes several months to surface. Under normal circumstances, the domestic market receives only 10–15 tonnes of old silver in an…
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI’s monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks — Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank — currently offer home loans at…
Skip Bengaluru. Take a trip to Thailand instead. Or Vietnam. Or London. Or even Singapore. All at a much much much cheaper rate than Delhi to Bengaluru, Goa, Pune or Goa. But you cannot travel to Hyderabad, at least not on Friday, because the tickets are sold out. Ironically, IndiGo flight tickets are available.The situation…