The bill when signed by Trump will give him the authority to levy duties of up to 100 per cent on major buyers of Russian energy The US House of Representatives on Wednesday passed a sweeping Russia sanctions bill that targets Russian officials, banks and the country’s energy trade, while giving President Donald Trump the…
Noel plans to argue that RBI’s Sept 11 letter requires Tata Sons to comply with rules governing upper-layer non-banking financial companies but does not explicitly direct it to list its shares MUMBAI: Tata Trusts chairman Noel Tata intends to tell the Tata Sons board on Thursday that the company should remain private and unlisted, pushing…
Trump argued that lower interest rates were justified by the US’s strong credit standing and booming investment (Fed Chair Warsh with Trump- file photo) US President Donald Trump called for sharply lower interest rates after the Federal Reserve raised its benchmark rate by 25 basis points to a 3.75 per cent-4 per cent target range,…
The export levy has been cut by Rs 1 per litre on petrol, Rs 5 on diesel and Rs 4 on ATF, bringing the rates down to Rs 0.5, Rs 20 and Rs 15 per litre, respectively. NEW DELHI: The government has cut export levies on petrol, diesel and aviation turbine fuel (ATF), with the…
US Federal Reserve chief Kevin Warsh US Federal Reserve Chair Kevin Warsh-led Federal Open Market Committee (FOMC) on Wednesday hiked the key interest rate to 3.75%-4% target range. This is the first interest rate hike since 2023.“The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4…
The tax department imposed a penalty of Rs 8.29 lakh, alleging misreporting of income. (Image for representative purpose only) You move abroad for your job but forget to file your Income Tax Return. When you remember, you file your ITR but the date for belated return has also passed and after filing self-assessment tax, you…
100% tariff on India? Russia sanctions bill clears key hurdle, final House vote next US President Donald Trump’s tariff ambitions could soon get a legal pathway to hit India with tariffs as high as 100 per cent if a proposed Russia sanctions bill clears the US House of Representatives and becomes law.The House is scheduled…
Yiming has become Asia’s richest person for the first time overtaking Gautam Adani. ByteDance Ltd.’s Zhang Yiming has overtaken Adani Group chairman Gautam Adani as the richest Asian, according to the Bloomberg Billionaires Index. Yiming has become Asia’s richest person for the first time, as the artificial intelligence boom creates new fortunes that are overtaking…
Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to look for alternative…
PM Modi and Canadian PM Mark Carney (File photo) New Delhi: India and Canada, which is in the midst of an intense trade battle with the US, may finalise a trade deal by the end of the year, if not earlier, commerce secretary Rajesh Agrawal said.The statement comes amid ongoing talks at the official level,…
The brother-in-law had argued that the GPA’s “power to gift” effectively gave him ownership. (Image for representative purpose only) Family disputes can be tricky especially those involving property. In one such case a brother-in-law allegedly did not pay the full due amount to the sister-in-law for the sale of land. The family property dispute over…
Bengaluru: Oracle began a fresh round of layoffs in India on Monday, affecting several mid- to senior-level employees in web development and maintenance, people familiar with the matter said. Some sources estimated that 1,000-1,500 employees in India could be affected, though TOI could not independently verify the figure. An email sent to Oracle did not…
