NEW DELHI: Apple’s India business is accelerating across categories, with the company reporting double-digit growth in iPhone, iPad and Mac during its latest quarter. Highlighting the momentum, CEO Tim Cook told analysts during the company’s earnings call that he is “over the moon excited about India,” indicating the market’s growing importance even as global demand…
NEW DELHI: India’s passenger vehicle market opened the new fiscal on a strong note, with April sales estimated at around 4.5 lakh units, marking a roughly 27% increase over 3.5 lakh units in the same month last year. The growth was led by strong performances across major automakers and sustained demand for utility vehicles.Maruti Suzuki…
MUMBAI: RBI governor Sanjay Malhotra on Friday called for Indian banks to emerge as market-makers in offshore markets, urging a more active global role for domestic lenders as the central bank seeks to shift rupee price discovery onshore, speaking at the FIMMDA-PDAI Annual Conference in Amsterdam.Noting that Indian banks deal only with offshore market makers…
NEW DELHI: Observing that functioning of National Company Law Tribunals (NCLT) has been impaired by numerous vacancies and inadequate infrastructure — leading to substantial delay in deciding cases, particularly those involving resolution plans under Insolvency and Bankruptcy Code (IBC) — Supreme Court has taken suo motu cognisance and decided to initiate remedial measures, reports Amit…
Strong indirect tax collections work well for government finances, especially at a time when the economy is facing global headwinds. (AI image) NEW DELHI: GST collections grew 8.7% to Rs 2,42,702 crore in April, an all-time high, but was driven by a 26% surge in the mop-up from imports, which were estimated at Rs 57,580…
The crypto market ticked higher on Friday. Bitcoin BTC$78,317.34 rose 1.25% since midnight UTC to trade at $77,250, and the CoinDesk 20 Index (CD20) added 0.7% with 14 members in the green. The increase comes after bitcoin found support at $75,000, a price it had earlier found difficult to climb above, on Wednesday. It has…
NEW DELHI: The Election Commission has ordered repolling in 15 polling stations across two constituencies in West Bengal following the second phase of Assembly elections held on April 29. Fresh polling will take place on May 2 between 7 am and 6 pm in South 24 Parganas district, covering 11 booths in Magrahat Paschim and…
Bitcoin BTC$78,258.12 moved higher on Friday, extending gains as U.S. markets opened and risk appetite improved. The largest cryptocurrency is now up nearly 3% over the past 24 hours, continuing a climb that began overnight. It was last trading at $78,722, edging closer to the $80,000 mark once again. Earlier this week, bitcoin approached that…
ED Attaches Rs 10.29 Crore Draft to TMC As Alchemist Group Probe Intensifies NEW DELHI: Striking a tough note, Enforcement Directorate on Friday raised the issue of legal obstacles coming in the way of the agency, with its chief Rahul Navin questioning the proposition that an investigation into a money laundering offence should not proceed…
NEW DELHI: The Union home ministry on Thursday notified an amendment to the Citizenship Act allowing online application for Overseas Citizen of India (OCI) cards. The digital application will be for both inclusion and renunciation.All applications will be submitted electronically through the portal https://ociservices.gov.in. The amended rule also provides for inclusion of minors as OCI…
