The poll of a dozen economists showed that a majority expects repo rate to rise by 25 basis points NEW DELHI: Most economists are betting on a rate hike by the monetary policy committee in Oct in the wake of acceleration in inflation, massive liquidity and central banks increasing interest rates in the US and…
TEDT won’t bear cost for ‘created disputes’:, said Mehli Mistry MUMBAI: Following the showdown between Tata Trusts chairman Noel Tata and the board of Tata Sons, a trustee of the Tata Education and Development Trust (TEDT) has objected to potential legal costs from what he described as “created” disputes, according to people familiar with the…
While Salve publicly defended Chandrasekaran’s reappointment and endorsed idea of listing Tata Sons, Singhvi accused Tata Sons of undermining shareholder rights MUMBAI: It is Singhvi versus Salve in the Tata battle. After standing together for Tata Sons and Tata Trusts in the Cyrus Mistry case, two of India’s most high-profile lawyers are now on opposite…
GST gains fade as rising costs dilute price cuts, leaving sectors with mixed outcomes NEW DELHI/MUMBAI: A year after GST rationalisation, higher commodity prices have eroded a large part of the gains with prices of several products – from food to consumer goods and automobiles – slowly inching up.Within the multiple segments that saw rate…
Around 60% of the proposed output will be exported NEW DELHI: Stellantis plans to nearly triple vehicle production in India to around 50,000 units next year, from about 18,000 currently, as the automaker expands the country’s role in its global manufacturing and export operations.Around 60% of the proposed output will be exported, while the remaining…
The latest outflow comes after foreign investors returned to Indian equities in July and Aug NEW DELHI: Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out Rs 20,974 crore from Indian equities so far in Sept amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee.The…
Despite participating in the share sale, several of the larger institutional investors have made only limited reductions to their holdings. NSE IPO: Most existing shareholders of the National Stock Exchange of India (NSE) have continued to hold a substantial part of their stakes even after selling shares through the offer-for-sale (OFS) portion of the exchange’s…
A street vendor sells walnuts on the occasion of the Sayar festival, in Mandi on Wednesday. (ANI Photo) KOKERNAG: In Gohan village, around 100km south of Srinagar, Shabir Ahmad was among many harvesting walnuts from a towering tree. The work has become increasingly difficult. “My back aches now,” Ahmad said. J&K produces 3.5 lakh tonnes…
The conference is being held on September 19 and 20 Prime Minister Narendra Modi on Saturday inaugurated a two-day international conference on “The Future of Environment and Climate Dynamics”, organised by the National Green Tribunal (NGT) at Vigyan Bhawan in New Delhi.The conference, being held on September 19 and 20, brings together judges, environmental experts,…
A faded report card, a colourful drawing made with uneven crayons or a tiny note written in a child’s handwriting may seem like ordinary pieces of paper. But for many parents, throwing them away can feel surprisingly difficult. Even when children grow into adults, parents may continue to keep folders filled with schoolwork, drawings and…
