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NEW DELHI: India and the US are working on a collaboration mechanism to jointly develop technologies to process critical minerals. If the deal goes through, it will be in addition to the US-led Minerals Security Partnership (MSP), a grouping of 14 nations including the European Union. India and the...
NEW DELHI: The government is expected to announce its commitment to reforms in the financial sector in the upcoming interim budget, laying the roadmap for big bang announcements in 2024-25, including the privatisation of a state-run bank and a general insurance firm, said people with knowledge of the matter....
NEW DELHI: India is expected to clock a GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released...
NEW DELHI: The central public sector enterprises (CPSEs) and other government agencies like the NHAI and the Railways have invested Rs 5.51 trillion or 75% of their combined FY24 capital expenditure target in April-December period. On an annual basis, these entities’ capex grew by robust 22.4% in the first...
NEW DELHI: In a boost to self-reliance in developing advanced missile technology, India on Friday successfully test fired the New General Akash (Akash-NG) missile from the integrated test range, Chandipur off the coast Odisha, defence ministry officials said here. The missile has a range of more than 80 km,...
NEW DELHI: Reliance Industries Ltd, India’s largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses – from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over...
MUMBAI: Forex reserves declined sharply by USD 5.89 billion to USD 617.3 billion for the week ending January 5 after rising for four consecutive weeks, according to the weekly Reserve Bank data released on Friday. So far this fiscal, the reserves have increased USD 55.72 billion, according to the...
NAGPUR: Union Civil Aviation Minister Jyotiraditya Scindia on Friday said 75 new airports have been built in the last ten years as part of the Narendra Modi government’s vision to bring air travel within the reach of a vast number of common citizens and asserted the key sector was...
NEW DELHI: The Council for Leather Exports (CLE) has asked the government to provide fiscal incentives in the Budget such as the PLI scheme and reinstatement of import duty exemption on certain goods to boost manufacturing and exports. The council has also suggested the government to consider permitting the...
NEW DELHI: Any further shift among the taxpayers to the concessional personal income tax regime from 60% reported so far will require further tweaks to make it more attractive, government sources said on condition of anonymity. A few options in this regard are under consideration, they said, but hinted...
Microsoft overtook Apple as the world’s most valuable company on Thursday after the iPhone maker’s shares made a weak start to 2024 due to growing concerns over demand. Shares of Redmond, Washington-based Microsoft were last up 1.6%, giving it a market valuation of $2.875 trillion as its early lead...
MUMBAI: In a measure that could bring relief to promoters of startups, the Securities and Exchange Board of India (Sebi) is in favour of relaxing the rules on the minimum promoters’ contribution at the time of an initial public offering (IPO). As startup founders typically dilute their stakes in...
MUMBAI/BENGALURU: India’s information technology (IT) leaders have once again sent out a signal that the macro environment is tough and that their clients are spending cautiously. Kicking off the earnings season on Thursday, the third quarter results of Tata Consultancy Services (TCS) and Infosys reflected the slowdown in the...
NEW DELHI: India is reviewing the entire gamut of withholding tax provisions in line with the country’s overall thrust to simplify the tax structure to make it easier for businesses and reduce disputes. There are several tax deducted at source (TDS) provisions with different thresholds and multiple rates. This...
India’s industries are counting on the government to target larger capex outlay of atleast ₹12-lakh crore in the upcoming interim Budget (2024-25) to support higher GDP growth in a year when global economic slowdown in expected to be pronounced. This comes even as the private sector’s side of investment...
NEW DELHI: India has submitted all relevant data on its social security schemes sought by the US to start negotiations on a bilateral totalisation agreement that would exempt short-term visa holders from contributing to social security and will push for it at the India-US Trade Policy Forum (TPF) meeting...
NEW DELHI: The net direct tax collection so far this fiscal rose 19.41 per cent to Rs 14.70 lakh crore, reaching about 81 per cent of the full-year target, the income tax department said on Thursday. The government has budgeted to collect Rs 18.23 lakh crore from direct taxes...
NEW DELHI: The commerce ministry has called a high-level inter-ministerial meet next week to discuss ways to insulate India’s trade from the ongoing problems in the Red Sea, a senior official said on Thursday. Senior officials from five ministries — external affairs, defence, shipping and finance and commerce —...