MUMBAI: Sir Dorabji Tata Trust (SDTT) chairman Noel Tata and his son Neville Tata, who is also a trustee, have filed caveats in the Bombay High Court and the city civil court in response to complaints lodged by fellow trustees Venu Srinivasan and Vijay Singh before the Maharashtra charity commissioner. The complaints relate to the…
CHENNAI: Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, research and development, local sourcing and future mobility technologies, positioning the country as a key production and export hub.The investment was announced following a meeting between Hyundai Motor Group executive chair Euisun Chung and Prime Minister Narendra Modi…
Centre steps up anti-stubble burning drive ahead of peak crop residue season (representative image) NEW DELHI: The Centre on Tuesday asked Madhya Pradesh, Rajasthan, Punjab, Haryana and Delhi-NCR authorities to work in “mission mode” to prevent stubble burning ahead of the peak crop residue burning season, flagging a sharp rise in farm fires in Madhya…
The coaches, which come in seven different variants, are being built at the Rail Coach Factory (RCF) in Kapurthala, Punjab. Indian Railways has exported the first batch of LHB passenger coaches to Bangladesh under a new deal. RITES Ltd announced on Tuesday that it had sent the first batch of 18 broad-gauge passenger coaches to…
MUMBAI: Consumer durable loans, such as buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion CIBIL.First-time borrowers accounted for 39% of two-wheeler loan originations…
A currency is said to be undervalued when it is weaker than what experts believe is its fair value. Where is the rupee headed? The Indian currency has been in a free fall for several quarters now. At one time its one-year forward even breached the 100 mark prompting experts and economists to wonder if…
The department questioned the farmer’s financial activities after he deposited large sums of cash into his bank account. (Image for representative purpose only) Is your income from agricultural sources taxable? A farmer from Bengaluru who grew vegetables and fruits and sold them to Agricultural Produce Market Committee (APMC) for cash faced a tax notice for…
File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Tuesday declined to indicate whether the government would make changes to long-term capital gains (LTCG) tax or securities transaction tax (STT), saying it was too early to comment as preparations for the upcoming Union Budget had begun.Replying to a question at an…
Govt defers 0.4% merchant discount rate on UPI payments MUMBAI: Its official. There will be no MDR on UPI until the festival season is over. The National Payment’s Corporation of India’s The UPI and Services Steering Committee has deferred the implementation of merchant discount rates (MDR) on select person-to-merchant UPI transactions until immediately after Diwali,…
Jewellers are also turning to 18-carat, 14-carat and 9-carat gold. Gold prices have risen sharply from levels seen in last year’s festive season. The sharp hike in gold prices is prompting jewellery buyers to consider diamonds as an alternative, with retailers projecting a 15-20% increase in diamond jewellery sales this festive season.Retailers said the Navratri…
