Internal dispute has also affected Tata Sons’ leadership MUMBAI: Weeks after Reserve Bank of India directed Tata Sons to comply with upper-layer NBFC-CIC norms, Tata Trusts chairman Noel Tata has proposed merging two subsidiaries, Tata Electronics Systems (TES) and Tata Consulting Engineers (TCE), with the 109-year-old holding company to take it outside the RBI’s regulatory…
Gold tumbles as crude nears $100, stronger dollar clouds Fed rate-cut hopes Spot gold was down 3.8% at $4,121.6 per ounce, after falling to $4,110.5, its lowest since Aug 5. US gold futures fell 3.9% to $4,153.7. “We’ve got crude oil prices sharply higher. And that suggests still more problematic price inflation, which suggests a…
iMa.ai raises $150 million to power next-gen AI chips for robotics, drones BENGALURU: SiMa.ai, a US-India AI platform company focused on physical AI, has raised $150 million at a $1.4 billion valuation. The funding brings its total capital raised to $500 million as the company prepares to scale its next-generation AI silicon for robotics, drones…
While examining the ITR, the ITAT Delhi found that the bank account details had been provided through Form 3CD. (Image for representative purpose only) You make large cash deposits in your bank account, but report a much lower income in your tax return. The bank reports the deposits to the Income Tax Department as part…
Internal dispute has also affected Tata Sons’ leadership, with Noel Tata opposing the board to give chairman N Chandrasekaran another five-year term. NEW DELHI: Tata Trusts, which hold a 66 per cent stake in Tata Sons, have proposed merging two operating companies with the Tata Group’s holding company in a move aimed at taking Tata…
IEX subsidiary seeks licence to launch India’s first organised coal trading exchange NEW DELHI: Indian Energy Exchange’s (IEX) subsidiary, Indian Coal Exchange, has applied to the coal controller organisation (CCO) for a licence to operate a coal exchange in India.Once the licence is granted, Indian Coal Exchange will operate as a physical delivery-based coal trading…
Global economic turmoil and geopolitical uncertainty are weighing heavily on investor’ sentiment. Stock market crash today: The stock market is bleeding badly and today’s crash has taken the 30-share index, BSE Sensex, to a six-month low! Indian equity benchmarks have not been hitting new highs for two years now, but the latest bloodbath suggests that…
The Index of Industrial Production (IIP) recorded an index level of 123.3 in August, compared with 114.2 in the same month a year ago NEW DELHI: India’s industrial production grew 8 per cent year-on-year in August 2026, accelerating from the revised 7.4 per cent growth recorded in July, according to data released by the Ministry…
Income tax audit date extended by CBDT by 21 days NEW DELHI: The Central Board of Direct Taxes (CBDT) on Monday extended the due date for filing income-tax returns for Assessment Year 2026-27 by certain taxpayers subject to audit under the Income-tax Act, 1961.The deadline for filing the Return of Income has been extended from…
The LNG-powered train operates on a dual-fuel diesel-plus-LNG system developed for its Driving Power Cars (DPCs). Within months of launching its first hydrogen train, Indian Railways has now rolled out its first LNG train. Home Minister Amit Shah on Sunday flagged off India’s first LNG train from Sabarmati station in Gujarat.The move is part of…
