NEW DELHI: The income tax department has launched a fresh campaign to nudge those with overseas assets or income to disclose details in India. Initially, around 25,000 high-risk cases will be targeted through SMS and e-mails, with the campaign proposed to be expanded mid-Dec to cover others, and improve the compliance ecosystem.The initiative comes exactly…
MUMBAI: Electricity, chemicals and metals accounted for 60% of the proposed investments in terms of sectors while in terms of geography, Andhra Pradesh, Odisha and Maharashtra account for half of the total investments proposed in the country in the first nine months of FY26.According to a Bank of Baroda Economic Research note, new investment announcements…
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A resolution on general issues proposed at the CWC meeting invited a brief discussion after it blamed government for the situation in Bangladesh. However, CWC member Shashi Tharoor said the sentence needed to be rephrased as government or BJP could not be held responsible for the situation in the neighbouring country. Tharoor said government can…
The fatal shooting this weekend of a second American citizen by federal immigration agents in Minnesota has forced corporate leaders to do something they’ve rarely done since President Donald Trump returned to office last year: publicly disagree with his policies. For months, executives have kept quiet as the Trump administration expanded its sprawling immigration crackdown….
NEW DELHI: State-owned oil marketing companies on Monday reduced the price of commercial LPG cylinders by Rs 10 per unit, offering relief to the hospitality sector.However, airlines are set to face renewed cost pressure as Aviation Turbine Fuel (ATF) prices were hiked for the third month in a row.With the latest revision, the price of…
A ceasefire in the Iran war signals a path toward a de-escalation of geopolitical tensions — and an opportunity to re-engage in Asia stocks. That’s according to Morgan Stanley’s Singapore and Hong Kong-based equity strategists, who expect investors to return to themes from earlier in the year around the artificial intelligence supply chain. They also…
Standard Chartered on Tuesday announced it would cut more than 15% of its corporate functions roles by 2030, while setting higher medium-term profitability targets. The workforce reduction is part of the lender’s efforts to raise income per employee by around 20% by 2028, StanChart said. According to its 2025 annual report, corporate function roles include employees in human…
NEW DELHI: Fitch Ratings on Friday raised India’s GDP growth forecast for current fiscal and the next to 7.5% and 6.7%, and projected global crude oil price to average $70/barrel in 2026. Fitch had, in Dec, projected India’s GDP growth for current fiscal at 7.4%. Source link
Check out the companies making the biggest moves in premarket trading: Meta Platforms — Shares jumped 9%. The social media giant called for first-quarter sales to range from $53.5 billion to $56.5 billion, topping the analysts’ consensus call for $51.41 billion. Fourth-quarter earnings came in at $8.88 per share on revenue of $59.89 billion, while…
