Business

U.S. President Donald Trump awarded Boeing (BA.N), opens new tab on Friday the contract to build the U.S. Air Force’s most sophisticated fighter jet yet, handing the company a much-needed win and boosting its shares. The Next Generation Air Dominance program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones.…

As Tesla plans its expansion into India, these Tata companies are positioning themselves to play a larger role in the automaker’s supply chain Several Tata Group companies, including Tata AutoComp, Tata Consultancy Services (TCS), Tata Technologies, and Tata Electronics, have emerged as key suppliers to Tesla, which accounts for nearly half of the global automotive market value.…

In 2025, global equity markets faced turmoil, but Warren Buffett’s wealth soared to $21 billion, driven by a 16% rise in Berkshire Hathaway’s stock. Global uncertainty, fuelled by geopolitical challenges, recession fears, and Donald Trump’s tariff threats, has shaken the global equity market in 2025. Many prominent investors worldwide have experienced a sharp decline in their wealth…

Mahindra took to X to share his thoughts on the incoming leader, who could potentially reset India-Canada ties, that have been strained in the recent past. Anand Mahindra On Mark Carney An Anglophone leader, Carney was a former central bank governor, twice. In this capacity, he has met many big names, who have come to congratulate him…

The Bureau of Indian Standards (BIS), which operates under the Ministry of Consumer affairs, has been conducting raids and subjecting consumer products to rigorous testing to ensure compliance with mandatory safety and quality standards. New Delhi: The government has intensified its enforcement against unsafe and non-certified products sold on e-commerce platforms, including Amazon and Flipkart, and seized…

Special drawing rights (SDRs) rise by $212 million to $18.21 billion during the week ended March 7 but RBI’s gold reserves decrease by $1.053 billion to $74.325 billion. In the sharpest jump in over two years, the country’s foreign exchange reserves increased by $15.267 billion to $653.966 billion during the week ended March 7, the RBI has…

A jury in California on Friday ordered Starbucks to pay $50 million in damages to a delivery driver who was severely burned by an improperly secured lid on hot beverages. Michael Garcia was picking up drinks at a drive-through in Los Angeles when he “suffered severe burns, disfigurement, and debilitating nerve damage to his genitals when hot…

The Indian government has requested Elon Musk’s Starlink to establish a control centre within the country to enable suspension of communications in sensitive areas when required. Additionally, Starlink must ensure call interception capabilities for law enforcement, in line with security protocols. These measures come as Starlink’s satellite communications licence nears approval, with agreements in place with Reliance…

Donatella Versace is to step down as the main designer for the Versace brand after almost three decades, a move that has fanned talk of a sale of the business to rival Italian fashion house Prada (1913.F), opens new tab. Donatella, who was the chief creative officer at Versace, has been its driving force since her brother…

U.S. importers, distributors and retailers selling French champagne and Italian wines told Reuters that U.S. President Donald Trump’s threatened 200% tariff on European alcoholic drinks would hit them hard. Trump said the tariffs would be “great for the Wine and Champagne businesses in the U.S.” However, wine importers and distributors, retailers and bar owners that Reuters spoke…

Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such Chinese-made technology for models sold outside China. It coincides with an increase in trade tensions as the U.S. intensifies efforts to restrict the adoption of Chinese…

President Donald Trump dialed back his latest trade-war threat against Canada hours after making it, while downplaying the risk of a tariff-led recession that’s sent US markets into a nosedive. Trump’s roller-coaster day saw him threaten to double duties on Canadian steel and aluminum to 50% after Ontario announced plans to place a surcharge on electricity sent…

Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight. Now, the R-word is seemingly everywhere. Recession fears are rocking the stock market. GDP forecasts are getting slashed. President Donald Trump and his economic team are…

The European Union’s (EU) aggressive environmental regulations, particularly the carbon tax, deforestation rules, and supply chain due diligence laws are one of the biggest hurdles in the negotiations for a proposed trade pact with India, economic think tank GTRI said on Sunday. It said that these regulations could impose additional costs on Indian exports. Under the Carbon…

Over 1.2 crore central government employees may have a lot to cheer about this Holi as the Centre may announce a raise in Dearness Allowance (DA) and Dearness Relief (DR) ahead of the festival. Usually, the government goes for a DA hike twice a year – January and July, however, the announcement is mostly made around Holi…

Legendary investor Jeremy Grantham who has accurately predicted past financial crises and market tops said the U.S. stock market is now in “super bubble” territory. “I’ve always looked at it from the point of view that the longer and the bigger and the higher it goes, the more exciting and dangerous it will be, and this has…

No matter what metric you’re looking at, US inflation is moving in the wrong direction again. Whether it’s a house or a carton of eggs, price growth is once again intensifying across a broad range of indicators. Much of that has to do with the same supply and demand factors and labor-market pressures that led to the…

Elon Musk on Thursday made a plea for “top notch” air traffic controllers to come out of retirement to help ease a shortage of skilled aviation workers as public concern over flight safety mounts. Musk, the face of the government’s cost-cutting task force, has taken a special interest in revamping the Federal Aviation Agency, calling for “rapid…

A Canadian regulator said on Wednesday it will impose a fee on Google to recover the cost of enforcing a law that requires large internet platforms to pay for news content on their websites. The imposition of the levy on the Mountain View, California-based search engine giant comes at a time of increased tension between Canada and…

The stock market volatility continued last week with the top 10 most-valued firms witnessing a major erosion in their market cap. India’s tech giant TCS took the biggest hit as bearish trends continued with the BSE benchmark losing 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points or 0.58 per cent in the…

PM Kisan Samman Nidhi Yojana: PM Modi is all set to release the 19th instalment for PM Kisan today. Know how to check beneficiary status 2025 , eKYC process, and eligibility. PM KISAN 19th Instalment 2025 Today: Prime Minister Narendra Modi is all set to release the 19th instalment of PM KISAN (PM Kisan Samman Nidhi) today,…

India’s EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing, a government document shows. India last year announced a policy aimed at attracting Tesla to manufacture EVs in the country and let such foreign carmakers…

Nifty Rejig: The National Stock Exchange (NSE) has said Jio Financial Services Ltd and Zomato Ltd will enter its benchmark index Nifty 50, effective March 28. As per the revisions, Britannia Industries Ltd and Bharat Petroleum Corporation Ltd (BPCL) and will be excluded from the index. The Index Maintenance Sub-Committee of NSE Indices Ltd has announced changes…

Elon Musk, while trying to slash the US government’s federal spending, has also been exploring his businesses. Musk-led xAI released the latest version of his Grok chatbot, Grok 3, on February 18. Grok Vs The Rest Ever since then Musk and his allies have been talking up the platform, for being highly advanced. In fact, Musk’s X…

Netflix has committed to invest $1 billion in Mexico for the production of series and films over the next four years, meaning from 2025 through 2028, co-CEO Ted Sarandos said during a press conference with Mexico’s President Claudia Sheinbaum on Thursday. “This investment, and the productions derived therefrom, will benefit Mexican production companies and will contribute to…

The U.S. Securities and Exchange Commission has asked Indian authorities for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Tuesday. The regulator told a New York district court it was making efforts to serve its complaint on the…

Nike (NKE.N) will launch a new women’s activewear brand in the U.S. this spring in partnership with Kim Kardashian-owned shapewear label Skims, as CEO Elliott Hill works to broaden its offerings to better compete with upstart brands. The tie-up is expected to give Nike a leg up in women-centric athleisure brands as it stakes its turnaround on…

Elon Musk-led Tesla is reportedly hiring in India. The electric vehicle maker sought candidates for 13 roles. This comes after Musk met with Prime Minister Narendra Modi during his recently concluded US trip. A Bloomberg report further claimed that Tesla plans to enter the Indian market. According to Tesla’s advertisements on its LinkedIn page, these candidates are…

The Finance Minister (FM) in the Union Budget 2024 has announced that both the LTCG and STCG liability of equity mutual fund investors is subject to an increase of 12.5% and 20%, respectively, effective 23 July 2024. Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha on Thursday and urged Speaker…

Domestic steel industry needs to be on guard as countries exporting to the US may divert shipments to India after the imposition of tariffs, an industry official said on Saturday. With the tariffs announced by the US on steel and aluminium imports, countries sending shipments to America might dump products in India because of huge domestic demand,…

Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in the Lok Sabha on Thursday and urged Speaker Om Birla to refer it to a select committee of the House. Opposition members opposed the Bill at the introduction stage but the House passed a motion by voice vote for its introduction. Getting to the finer…

JioStar, a joint venture between Viacom18 and Star India, has launched JioHotstar, merging JioCinema and Disney+ Hotstar into a unified streaming platform. With over 500 million subscribers, JioHotstar aims to enhance India’s entertainment and sports streaming experience. The platform offers 300,000 hours of content across 19 languages, including Bollywood films, international franchises, and live sports. By combining…

The proposed income tax bill will be tabled in the Parliament today. At present, there are various deadlines for submitting ITR depending on the category of income taxpayers. Numerous taxpayers are seeking a permanent extension of the ITR filing deadline to have additional time for filing their ITR. #Breaking | New Income Tax bill to be tabled…

Markets regulator Sebi has banned six entities, including Asmita Patel Global School and fin-influencer Asmita Patel, from the capital markets for alleged unregistered investment advisory services and directed to disgorge over Rs 53 crore collected as fees course participants for various courses. Sebi through an interim order cum show cause notice passed on Thursday prohibited six entities,…

Online fast-fashion retailer Shein is set to cut its valuation in a potential London listing to around $50 billion, said three people with knowledge of the matter, nearly a quarter less than the company’s 2023 fundraising value amid growing headwinds. The company’s business prospects have come under a cloud in recent days after the Trump administration said…

Shark Tank India season 4 is known to bring forth creative solutions from budding entrepreneurs from all across the country. In its latest episode, Rahul Tyagi and Samiksha Yadav pitched an innovative undergarment liquid determent specially tailored for hand laundry on the coveted show. The pair aimed to secure an investment of Rs 50 lakh for 2.5% equity…

On Friday, February 7, the Reserve Bank of India decided to use its scissors, now rusty, to cut the repo rate or the country’s interest rate, by 25 basis points, bringing it down to 6.25 per cent, compared to its previous 6.50 per cent. The interest rates had remained the same for nearly 2 years. This rate…

On February 5th, Delhi residents will cast their votes for the Delhi Assembly election 2025. Since voting days hold utmost importance in a democratic country, multiple establishments declare the day as a holiday so that people can go and cast their votes and take part in this important political activity. Here is a comprehensive guide on which…

Income Tax: The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by simplifying tax filing and reducing tax burden Filing income tax in India has been quite complicated and difficult, especially under the old tax regime. However, the current government has implemented several reforms to simplify the process.…

Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning, said a person with direct knowledge of Reliance’s…

Finance Minister Nirmala Sitharaman’s Union Budget 2025-26 has been met with optimism from the real estate sector, with industry leaders praising its focus on infrastructure, tax relief, and liquidity measures while urging more emphasis on affordable housing. A major highlight of the budget is the increase in the income tax exemption limit to ₹12 lakh, boosting disposable…

India will see a massive transformation in railways with 200 new Vande Bharat trains, 100 Amrit Bharat trains, 50 Namo Bharat rapid rail and 17,500 general non-AC coaches expected to be launched in the next two to three years, the ministry said, as it called the union budget “amazing” with an allocation of Rs 2.52 lakh crore…

A gender-equal world is still a utopian concept, and while the journey of change has taken flight, there’s still a long way to go. We may be in 2022, but any discourse around menstrual hygiene and sexual wellness is often suppressed by the age-old patriarchal norms. Fortunately, there are several entrepreneurs who are ‘breaking the bias’ and…

The government is working to bring cryptocurrencies under the ambit of Goods & Services Tax ( GST ) in order to tax the entire value of transactions. Crypto exchanges are currently taxed at 18% slab of GST on services provided to users under the financial services category. The government is working to bring cryptocurrencies under the ambit…