Business

The Indian diaspora is the largest overseas diaspora in the world. As of May 21, 2024, there are 35.4 million non-resident Indians (NRIs) and People of Indian Origins (PIOs) living outside of India, largely in UAE and the US. The Finance Act, 2020 made far reaching changes in determining tax residency for NRIs/PIOs who come on a visit to India. …

The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new goods as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes already covered televisions, phones, tablets and smart watches …

Breaking above 23,800 could signal an upward movement, with support at 23,496, according to Nagaraj Shetti of HDFC Securities. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex was below the 78,000 mark, Nifty50 was below 23,650. At 9:16 AM, BSE Sensex was trading at 77,943.31, down …

Top stock picks for today (AI image) Stock market recommendations: According to Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group, Minda Corporation, Oberoi Realty, and OIL are the top stock picks for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for January 9, 2025:NiftyNifty saw a bout of short covering in second half …

Getty Images There is “little hope” of food prices “going anywhere but up” in the second half of 2025 due to changes announced in the Budget, a retail lobby group has warned. The costs of higher wages and National Insurance tax changes coming in April will be passed on to consumers, the British Retail Consortium (BRC) said. It forecast food …

MUMBAI: Adani Wilmar (AWL) will leverage the strong distribution network of its core edible oils business to expand the growth of its broader consumer goods portfolio, following Adani Group’s exit from the staples business, sources said. “Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a …

Getty Images Chinese products will get more expensive for US consumers if Trump pushes ahead with new tariffs Inflation, interest rates and tariffs mean 2025 is shaping up to be an intriguing year for the global economy. One in which growth is expected to remain at a “stable yet underwhelming” 3.2%, according to the International Monetary Fund. So what might …

MUMBAI: The microfinance industry shrank in Q2 FY25 as delinquency rates on their loans, where instalments are overdue by 30 to 180 days, jumped to 4.3 per cent in September 2024 from 2 per cent a year ago. Besides shrinking their portfolio, lenders brought down the number of borrowers with multiple loans – the category with the maximum number of …

Ryanair is pursuing legal action against a passenger who allegedly caused a major disruption on a flight from Dublin to Lanzarote. The airline is seeking £12,500 in damages to cover expenses incurred when the plane had to divert to Porto, Portugal. On Wednesday, the airline announced it had filed proceedings against the passenger, whose behaviour on the flight last April …

NEW DELHI: State-run explorer ONGC has decided to rope in BP as technical partner to boost oil and gas production from Mumbai High India’s crown jewel, which will become the UK major’s second operating project in India and mark the first notable MNC entry in the country’s upstream sector following reforms initiated by the Narendra Modi government.BP bagged the 10-year …