The safe harbour regime proposed in the Union Budget for component warehousing linked to manufacturing could offer multinational companies a comparable or better post-tax cost structure, along with lower regulatory risk, Finance Ministry sources told PTI.The proposal, which targets supply chain efficiency for electronics manufacturing, is expected to result in an effective tax of about…
The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply…
Nasdaq-listed Forward Industries (FWDI) is uniquely positioned to consolidate the beaten-down digital asset treasury space because it carries no corporate debt and is completely unlevered, giving it room to play offense while peers retrench, according to Ryan Navi, the company’s chief investment officer. “Scale plus an unlevered balance sheet is a real advantage in this…
Sanjay Ghadi and Ritu Tawde (PTI image) NEW DELHI: BJP corporator Ritu Tawde is set to become Mumbai’s next mayor after being elected unopposed, marking the party’s return to the post after 44 years and ending the Shiv Sena’s uninterrupted 25-year hold over the Brihanmumbai Municipal Corporation (BMC).The contest turned uncontested after the Uddhav Thackeray-led…
Amid recent debate over the so-called “Sell America” trade and capital rotating out of U.S. markets, foreign stocks have received most of the attention. But international bonds, especially emerging market bonds, have also been riding high. “The best performing area in fixed income year to date, and also last year, was emerging markets,” said Joanna…
The 8th Central Pay Commission (CPC) has launched its official website and begun seeking structured feedback from stakeholders, marking a key step in the process of reviewing salaries, pensions and allowances for central government employees and pensioners.According to a statement posted on the Commission’s official website, inputs are being collected through a structured questionnaire hosted…
NEW DELHI: A police officer was killed and several people were injured after a swing collapsed at the Surajkund Mela in Haryana’s Faridabad on Saturday.Faridabad deputy commissioner Ayush Sinha said the incident happened at around 6.15 pm when the swing suddenly tilted and collapsed while people were on it. Among the victims was a police…
India and Russia continue to share a strong bilateral relationship built on trust and mutual respect, with Moscow open to cooperation with all countries willing to engage constructively, Russian Consul General Ivan Fetisov said on Saturday.Speaking to PTI Videos on the sidelines of the International Business Conclave at Advantage Vidarbha 2026 in Nagpur, Fetisov said…
In the evolving landscape of digital finance, Big Four consultancy firm EY has zeroed in on what it believes is the next defining frontier: wallets. Wallets are fast becoming the critical interface for the next era of financial services, not just tools for holding cryptocurrency, according to Mark Nichols, principal at EY. “The wallet is…
NEW DELHI: The Indian Coast Guard (ICG) on Friday intercepted three vessels about 100 nautical miles west of Mumbai, busting an international oil-smuggling racket during a coordinated mid-sea operation carried out on February 5–6.The operation followed intelligence gathered through technology-enabled maritime surveillance. According to the Coast Guard, the vessels were involved in the illegal transfer…
