Lalit Modi and Vijay Mallya (iamge/X@jim_rydell) NEW DELHI: A grand pre-birthday celebration was hosted in London for fugitive businessman Vijay Mallya, with photos and videos from the high-profile party being widely shared on social media.The event was hosted by former Indian Premier League (IPL) chairman Lalit Modi ahead of Mallya’s 70th birthday, which falls on…
The Income tax department (ITD) on Thursday said the recent communications sent to some taxpayers regarding their transactions are advisory in nature and aimed at facilitating voluntary compliance, not initiating enforcement action.In a post on X, the department said the messages were issued only in cases where there is an apparent significant gap between disclosures…
Trump Media & Technology Group (DJT), the parent of President Donald Trump’s Truth Social, has agreed to merge with nuclear fusion company TAE Technologies in an all-stock deal valued at more than $6 billion. DJT shares are higher by 25% in early trading on Thursday, though still remaining sharply lower on a year-to-date basis. The…
Gold prices edged lower on Thursday, with the February contract slipping Rs 580, or 0.43%, to Rs 1,34,314 per 10 grams, as weak global cues weighed on precious metals, analysts said. In overseas markets, Comex gold futures for February delivery declined by $12.6, or 0.29%, to $4,361.3 per ounce, while silver futures for March 2026…
The Competition Commission of India (CCI) announced on Thursday it will investigate IndiGo airlines’ recent mass flight cancellations under Competition rules, following widespread disruptions that affected thousands of passengers since December 2, PTI reported.The fair trade regulator stated it has taken notice of complaints filed against IndiGo regarding the recent aviation sector disruptions across various…
In a narrow lane of India, men and women wait quietly with plastic drums lined in rows. Some squat, some sit, with eyes fixed on the bend ahead. Suddenly, the silence breaks. A water tanker reverses into the alley, its engine drowning out the waiting. Young men rush forward, climbing atop the truck, lowering pipes…
NEW DELHI: The Competition Commission of India (CCI) will now probe whether a case of abuse of dominance is made out against IndiGo — which has over 60% domestic market share and is also the single largest airline in terms of international traffic to & from India — as well as review allegations of antitrust…
Mustafa Hatipoglu | Anadolu | Getty Images Visa said on Thursday that it successfully completed hundreds of AI transactions as part of a pilot program that kicked off after the company’s product event in April. The credit card issuer and rivals across the fintech industry are racing to build tools that allow consumers to task…
The Securities Market Code Bill, introduced in the Lok Sabha on Thursday, proposes a sweeping overhaul of India’s securities law framework, including expanding the Securities and Exchange Board of India (Sebi) board to up to 15 members from the current nine, strengthening governance norms and enhancing investor protection, PTI reported.The Bill seeks to reinforce Sebi’s…
SoFi (SOFI) has launched a U.S. dollar stablecoin, SoFiUSD, in a bid to bring faster, cheaper money movement to banks, fintechs and enterprise platforms. The coin is issued by SoFi Bank, a nationally chartered and FDIC-insured institution, making it the first U.S. national bank to offer open access to its stablecoin infrastructure. Last month, JPMorgan…
