MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at The Economic Times Awards for Corporate …
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Donald Trump’s tariff threats have added volatility to global stock markets, significantly impacting India. Key sectors like automobiles, pharmaceuticals, textiles, and steel are at risk. Despite challenges, India’s markets show resilience, and experts see current conditions as an investment opportunity. India’s diplomatic approach could mitigate risks, aiming to attract foreign investments and reduce tariffs on US imports. Donald Trump’s latest …
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Gold silver rate (File photo) The prices of gold remained steady on Saturday at Rs 76,650 per 10 grams, marking a modest increase of 0.10% while silver hovered around Rs 97,260 per kilogram at 1:20 pm. On Friday, gold April futures contracts on MCX ended flat at Rs 85,820 per 10 grams, down by 0.07%, or Rs 57. Similarly, silver …
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NEW DELHI: Sebi has issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading regulations by a high-ranking company official. According to a regulatory filing on Friday, Nestle India received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI). The company has not revealed the identity of the individual involved.“The Compliance Officer …
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India Inc is striving to reimagine workplaces, championing inclusivity, diversity, and gender parity in a highly disruptive, tech-driven world to spark a pink edge.Companies are ramping up efforts to attract and retain women talent with targeted leadership programmes, cutting-edge AI upskilling, and enhanced flexibility that nurtures work-life balance. In this drive for a more equitable environment, equal opportunities have taken …
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MUMBAI: The rupee finished the week on a strong note, closing at Rs 86.87 against US dollar, up 24 paise from the previous day’s Rs 87.11. This represented its best weekly performance in over two years, rising 0.7% week-on-week, as the dollar weakened against most major currencies. The greenback was on track for its worst week in more than two …
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Chennai: Samsung India employees union on Friday withdrew its protest against the company after the latter agreed to allow them to rejoin work, thus ending the slew of protests, demonstrations. The company in a notice, posted outside its facility at Sunguvarchatram, said it would allow them back to work starting Saturday. However, it did not allow the 23 employees, who …
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MUMBAI: Markets regulator Sebi will endeavour to enhance transparency about its working including board disclosures, its chief Tuhin Kanta Pandey said on Friday. “Trust and transparency are crucial not only for regulated entities but also for functioning of Sebi as well. A transparent and accountable regulatory framework fosters confidence and clarity in the market,” Pandey said in his first public …
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MUMBAI: India’s forex reserves dropped by $1.8 billion to $638.7 billion in the week ended Feb 28, Reserve Bank of India said on Friday. The overall forex kitty had jumped by $4.8 billion to $640.5 billion in the previous reporting week. At the end of Sept 2024, the forex reserves touched an all-time high of $704.9 billion. For the week …
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MUMBAI: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank for one year, instead of the three-year term recommended by the bank’s board. This is the second time the regulator has shortened his tenure from what was initially proposed by the bank’s board.In a filing to stock exchanges on Friday, …
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