Business

Nifty’s short-term outlook indicates consolidation between 23,500-23,900. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green but quickly moved to the red territory on Wednesday. While BSE Sensex was near 78,000, Nifty50 was above 23,650. At 9:20 AM, BSE Sensex was trading at 78,045.67, down 153 points or 0.20%. Nifty50 was at 23,673.40, …

While an Indian residing abroad is popularly referred to as a non-resident Indian (NRI), the nomenclature is different under tax laws. It is not the country of origin, but the number of days stay in India, which determine whether a person will be a resident or non-resident for tax purposes.Resident individuals are taxable in India on their global income, irrespective …

Jefferies has a ‘buy’ recommendation on Reliance Industries with a target price of Rs 1,690 (+36%). Analysts feel RIL’s recent underperformance in CY24 was due to concerns around the medium-term growth prospect of retail and lower earnings growth in FY25. Analysts see restoration of mid-teens growth in retail, likely listing of Jio and improvement in oil-to-consumer profitability in FY26.Elara Capital …

Rolls-Royce Motor Cars Luxury carmaker Rolls-Royce will expand its Goodwood factory and global headquarters to meet the growing demand for bespoke models. It will invest more than £300 million so it can build more highly-customised versions of its cars for its super-rich clientele. The 120-year old British brand came under full control of German carmaker BMW in 2003 and officially …

NEW DELHI: India’s economy is estimated to slow to a four-year low in 2024-25 due to moderation in manufacturing and sluggish investment, while robust growth in the farm sector is expected to provide some support and help boost rural consumption.The first advance estimates for the current financial year, released by the National Statistics Office (NSO) on Tuesday, showed gross domestic …

NEW DELHI: IT and electronics minister Ashwini Vaishnaw said on Tuesday that govt will consult the tech industry before stipulating any restrictions on transfer of certain classes of personal data outside India, adding that external experts will also be engaged in the process to draw up a list of prohibited sectors.Vaishnaw was speaking after the IT ministry introduced draft rules …

NEW DELHI: The Finance Ministry on Tuesday inducted two new members in the governing council of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL) which provides strategic guidance on a number of matters including investment of the corpus of NIIF. The new members are SBI Chairman C S Setty who replaced his predecessor Dinesh Khara, while veteran banker and …

McDonald’s has announced crucial changes to its diversity, equity, and inclusion (DEI) policies, joining a growing list of companies pulling back on such initiatives. The fast-food giant cited the US Supreme Court’s July 2023 ruling, which also banned affirmative action in college admissions, as a key factor influencing its decision.The Chicago-based burger chain will discontinue specific diversity goals for senior …

Getty Economists have warned that the government is “on course” to miss its own Budget borrowing targets after interest rates for UK long-term borrowing rose to their highest levels this century. The official forecaster, the Office for Budget Responsibility will start the process of updating its forecast next month, to be presented to parliament in late March. The rising cost …

A senior lawyer representing Shein repeatedly refused to say whether the company sells products containing cotton from China, prompting one MP to brand her evidence “ridiculous”. Yinan Zhu, general counsel for the fast-fashion giant, confirmed its suppliers did manufacture products in the country but did not say whether they used Chinese cotton. Firms that source clothing, cotton, and other products …