Representative file photo (Budget 2025) With more than Rs 1.52 lakh crore of customs duty locked in litigation, the government may consider introducing an amnesty scheme in the Union Budget for 2026–27 to bring closure to long-pending disputes and provide certainty to businesses, Price Waterhouse & Co LLP said on Thursday, PTI reported.The government could…
US stock indices were largely subdued in early Thursday trade, even as defence companies rallied sharply after President Donald Trump said he wants to significantly raise military spending.The S&P 500 slipped 0.2% in early trading, though it remained close to its recent all-time high. The Dow Jones Industrial Average was down 109 points, or 0.2%,…
A 500% tariff would effectively shut down India’s goods and services exports to the United States. (AI image) Will India face 500% tariffs from the US soon? It’s a question that’s on the mind of everyone after US Senator Lindsey Graham said that President Donald Trump has given the go ahead for a bill that…
For self-occupied homes, the deduction for interest is capped at Rs 2 lakh a year – a figure unchanged since 2015. (AI image) Falling home-loan rates, increase in young population seeking to buy homes and a steady revival in residential sales have encouraged many to take the plunge into home ownership. Tax incentives continue to…
Ahead of the Union Budget for 2026–27, industry body Assocham has urged the government to roll out incentives for hydrogen-based direct reduced iron (DRI) production and concessional green finance to help the steel sector transition towards low-carbon manufacturing, PTI reported.In its pre-Budget recommendations, the chamber also called for incentives to promote waste-heat recovery systems and…
MUMBAI: Bajaj Group on Thursday completed the acquisition of a 23% stake in its insurance joint ventures from Allianz SE for Rs 21,390 crore, marking the largest transaction in India’s insurance sector and bringing the group closer to full ownership of Bajaj General Insurance and Bajaj Life Insurance.The stake purchase involved Bajaj Finserv, Bajaj Holdings…
Captain Brandon Fisher, the pilot of Alaska Airlines Flight 1282, has filed a $10 million lawsuit against Boeing. He alleges the company wrongly blamed him and his first officer for the door plug blowout that forced an emergency landing in January 2024. The lawsuit was filed on December 30, 2025, in an Oregon court and…
MUMBAI: SaaS unicorn Amagi Media Labs is set to get listed on the bourses later this month, joining a clutch of startup peers heading to Dalal Street. At the upper end of the IPO price band set at Rs 361 per share, the total issue size is Rs 1,789 crore. The company is raising up…
TOI correspondent from Washington: With no end in sight for Washington’s tariff tangle with India, more trouble and torture is looming ahead for New Delhi after MAGA supremo Donald Trump on Wednesday greenlit a sweeping bipartisan legislation that will authorize him to impose primary and secondary sanctions and punitive tariffs up to 500 percent on…
A wide-ranging collection of Steve Jobs’ childhood belongings and some of Apple’s earliest products has gone up for auction as the company approaches its 50th anniversary on April 1, 2026. The sale is being handled by RR Auction, which has opened bidding on 191 items spanning Jobs’ early life and Apple’s formative period in the…
