India, Canada sign fresh business deals Indian and Canada signed a series of commercial agreements and memoranda of understanding (MoUs) on Friday, as companies from both nations explore opportunities for collaboration. The agreements were signed during the Canada-India Business Ceremony in Karnataka on Friday, attended by Canada’s minister of international trade, Maninder Sidhu, who took…
According to the allegations, a director of the construction company refused to hand over the property and demanded an additional Rs 20 lakh. (Image for representative purpose only) Buying a home and getting its possession can be two different things, and in many cases the latter is delayed, causing grievance to the homebuyer. In one…
Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter.Tech Mahindra, along with other IT stocks helped domestic equity benchmarks…
Prem Watsa, founder & chairman, Fairfax Group India-born Canadian billionaire Prem Watsa, whose group Fairfax won the bid to buy 60.7% in IDBI Bank, is upbeat about India and its prospects. He discusses the way forward for the bank and synergies with Go Digit and IIFL. Excerpts:It’s been a long wait since the process started….
BSE Sensex rose 352.31 points, or 0.47%, to 74,667.92 on Friday, with IT stocks leading the gains. Tech Mahindra topped Sensex gainers, climbing 7.44% to Rs 1,771.40, followed by Infosys, which advanced 4.36% to Rs 1,159.40. TCS gained 3.51% to Rs 2,437.05, while Bharti Airtel rose 2.22% to Rs 1,893.10. Mahindra & Mahindra advanced 2.09%…
Air India cancels all Saudi flights NEW DELHI: Air India has cancelled all flights to and from Riyadh, Dammam and Jeddah until October 20, as the situation in Saudi Arabia continues to evolve. The airline said that it is monitoring developments and assessing the situation to ensure flights could resume safely.“In view of the evolving…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman has called for an early conclusion of the India-US trade agreement, stressing its importance for bilateral economic relations and global trade.Her remarks come a day after commerce and industry minister Piyush Goyal said the first phase of the trade pact had been finalised and was…
Rupee gains 20 paise against US dollar NEW DELHI: Rupee began Friday on a strong note, gaining 20 paise from its previous close to 94.79 against the US dollar. The rise came as American currency weakened and the impact of the Reserve Bank of India’s structural forex interventions supported the unit.The gains, however, remained limited…
The Income Tax Department restricted her exemption to Rs 3 lakh and sought to tax the balance of Rs 6.04 lakh. (Image for representative purpose only) How much of your leave encashment is exempt from income tax? That depends on whether you are a government employee or a private sector employee. The limit for private…
Govt raises petrol export duty, cuts diesel levy NEW DELHI: The government has raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5, while cutting the levy on diesel to Rs 8.5 per litre from Rs 16. The revised rates came into effect on October 16.The export duty on aviation…
