By Manish Rai Kata’ib Sayyid al-Shuhada (KSS), an Iraqi militia that receives support from Tehran, has been officially designated as a terrorist organization by the United States. They are offering a reward of up to $10 million for information regarding its leader, Hashim Finyan Rahim al-Saraji, who is also...
By Chauncey K. Robinson NEW YORK: A “fun” fact about the 1954 film Animal Farm, based on the novel by George Orwell, is that it was funded by the CIA (the same was true of the later screen adaptation of his 1984). The spy agency’s idea was to take...
NEW DELHI: The West Asia war has begun to cause fiscal prressure, by raising questions over tax revenue buoyancy, but the government will maintain its capital expenditure at the budgeted level in FY27, Expenditure Secretary V. Vualnam said on Friday. Responding to a question on whether India’s Goldilocks phase...
NEW DELHI: Economists see a severe hit to the economy in terms of growth, inflation and consumption demand if crude oil — which crossed $126.4 a barrel this week, the highest since March 2022 — continues to trade higher for longer. Analysts predict that if crude remains above the...
NEW DELHI: Net and gross goods and services tax (GST) revenue grew 7.3 per cent and 8.7 per cent year-on-year (Y-o-Y), respectively, to record highs in April, driven primarily by a surge in import-linked collections. While net GST collection, after adjusting for refunds touched ₹2.11 trillion, gross GST collections...
NEW DELHI: The National Financial Reporting Authority (NFRA) has come out with “stringent” norms that’s going to force top firms to fix gaps in their audit practice within a specified period. According to the new norms issued by the NFRA, audit firms are mandated to submit a plan within...
NEW DELHI: A steep nearly 50% hike in commercial LPG cylinder prices may disrupt downstream processes in textiles, leather and tyre manufacturing. The latest increase in commercial LPG prices is the steepest on record, the cost of a 19-kg cylinder has risen by about ₹993 since May 1 amid...
By Dr. Gyan Pathak The theme of May Day 2026 focuses on “Ensuring a Healthy Psychosocial Working Environment” which reminds us how the working environment has deteriorated in recent times. In India, the recent workers unrests in April in Noida and the states in the National Capital Regions, show...
By Satyaki Chakraborty China has started its biggest outreach to the African nations by implementing from May 1, 2026 by implementing zero tariff treatment to the 53 nations of the continent who have diplomatic relations with China, This poses a major challenge to India as Narendra Modi government is...
By T N Ashok The global oil market has once again become the battlefield with ups and downs in the prices depending on the trends in moves of US and Iran. What began as a geopolitical confrontation involving the United States, Israel, and Iran has now spiralled into a...
By Rahil Nora Chopra With the exit polls predicting a possible return to power for the United Democratic Front (UDF), the Indian Union Muslim League, the second largest constituent in the Congress-led UDF, has indicated strong support for V D Satheesan for the post of Chief Minister. IUML Kerala...
By Eoghan Gilmartin MADRID: Over the past two months, Spanish Prime Minister Pedro Sánchez has drawn international attention as the most prominent European critic of the US-Israeli war on Iran. As clips of his speeches have gone viral on social media, the Financial Times dubbed him “Trump’s nemesis”; the...
NEW DELHI: India’s foreign direct investment (FDI) inflows are likely to cross the $90 billion mark in 2025-26 (FY26), according to a government official, with strong momentum driven by policy reforms, free trade agreements, and robust economic growth. Gross FDI inflows stood at $88.29 billion up to February in...
MUMBAI: The rupee hit a fresh low against the dollar, while yield on the benchmark 10-year government bond surged past 7 per cent-mark on Thursday, tracking the rise in crude oil prices amid the West Asia crisis, said dealers. Latest data released by the Reserve Bank of India (RBI)...
MUMBAI: The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), aiming to reduce timelines and facilitate quicker deployment of capital. Under the revised framework, AIFs—excluding large value funds for accredited investors (LVFs)—will be allowed...
Saudi Arabia and the United Arab Emirates sharply ramped up crude supplies to India in April, leveraging alternative routes to bypass the Strait of Hormuz disruption, even as traditional suppliers dropped out and Russian imports cooled, according to Kpler data. Saudi shipments rose about 23% month-on-month to 704,000 barrels...
NEW DELHI: The tweaks in the rules governing Foreign Direct Investment (FDI) from countries sharing land borders with India would soon be notified by the Department of Economic Affairs (DEA) and once that is done many of the investment proposals would go without prior approval, a senior official said...
By Nitya Chakraborty Just two weeks before the scheduled summit of U.S President Donald Trump with the Chinese President Xi Jinping in Beijing on May 14-15, the report of the World Intellectual Property Organisation (WIPO) on the status of AI related applications, has unnerved the U.S. administration as the...