For now, it’s a temporary waiver and not a long-lasting relief (Representative image) US President Donald Trump’s decision to waive additional tariffs of up to 100 per cent on major buyers of Russian oil has provided temporary relief to India, but the pressure remains as the possibility of Washington restoring the duties is still there…
If a taxpayer is not told which specific legal provision forms the basis of the proposed penalty, the subsequent penalty proceedings are vitiated. (Image for representative purpose only) You don’t file your income tax return (ITR) and declare your income only when the Income Tax Department sends you a notice. You face a 200% penalty…
As per latest IMF projections, India is expected to become the third largest economy after the US and China by 2031. India may have slipped to the sixth spot in the list of the world’s largest economies, but its GDP growth continues to defy estimates by both domestic and global institutions. At 7% plus, India…
ICICI Bank reported higher profits for the September quarter, driven by strong loan growth, higher net interest income and lower provisions NEW DELHI: ICICI Bank on Saturday reported a 20.1 per cent year-on-year increase in standalone net profit to Rs 14,843 crore for the second quarter of the financial year 2026-27, supported by strong loan…
Kaizad Bharucha to step down December 31 HDFC Bank Deputy Managing Director Kaizad Bharucha has resigned from the country’s largest private sector lender, with his exit scheduled for December 31, the bank said in an exchange filing on Saturday.Bharucha, who joined the bank in 1995, had requested cessation from service with effect from December 31,…
Earning and simply investing money are not enough without understanding how to manage it wisely. NEW DELHI: “Understand before you invest.” Many must have received a message from the Securities and Exchange Board of India (Sebi) through its awareness initiative, “Samajh Se Investing Simple”.But how much do you really need to know about money and…
Bull market may regain momentum Global markets could see risk assets regain momentum as strong economic growth, rising corporate earnings and AI-led productivity support returns despite higher bond yields, according to a Morgan Stanley report.The firm now favours global stocks over bonds, saying rising bond yields reflect a strong economy rather than a worsening economic…
Diesel prices have become a growing political concern ahead of the November 3 midterm elections US President Donald Trump has waived several sanctions, restrictions and duties targeting Russia under the Graham Act, just weeks after signing the legislation aimed at squeezing Moscow over its invasion of Ukraine. The move comes as his administration seeks to…
DP World CEO Yuvraj Narayan Amid global trade disruption, DP World CEO Yuvraj Narayan spoke to TOI about his company’s plans to ensure smooth cargo movement as well as plans for India, where it is looking to invest $3-5 billion. Excerpts:How is it going because of what’s happening in West Asia, what is the impact…
The Nifty 50 rose 2.8% to 23,146 and sensex added 3.1% to 74,729 Indian share benchmarks posted their best weekly performance in six months on Friday, powered by a rally in IT stocks after stronger-than-expected quarterly earnings and a selloff in global AI markets that prompted value-buying elsewhere.Investors now await results from several heavyweight companies,…
