Business

Finance minister Nirmala Sitharaman addresses the 8th International Tax Conference in Bengaluru. Finance minister Nirmala Sitharaman on Wednesday said India has renegotiated its tax treaties with Mauritius, Singapore and Cyprus to restore the country’s right to tax capital gains arising from investments in India at the source.Speaking about India’s tax policy and international taxation framework,…

The latest Oracle cuts come against the backdrop of similar workforce reductions Oracle has reportedly started another round of job cuts globally, with industry experts tracking the company estimating that around 10% of its India workforce, or roughly 3,000 employees, could be affected.The company had already eliminated 21,000 jobs earlier this year, including around 12,000…

US Vice President JD Vance has defended the Trump administration’s efforts to reform the H-1B visa programme, saying the system should “not exist to replace American workers with low-wage foreigners.”Speaking on the business and technology show All-In Podcast, Vance said the administration pursued changes through executive and administrative measures because of the lack of political…

ISMA has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity NEW DELHI: Indian Solar Manufacturers Association (ISMA) has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity, with an annual…

Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to look for alternative…

The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility…

Fundamentally, gold’s near-term outlook stays cautiously bearish, with Fed guidance the key swing factor. Gold price prediction today: Gold’s outlook in the near-term continues to be cautiously bearish, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Below is here detailed view and outlook on gold prices:Oil prices have…

PM Modi and Canadian PM Mark Carney (File photo) New Delhi: India and Canada, which is in the midst of an intense trade battle with the US, may finalise a trade deal by the end of the year, if not earlier, commerce secretary Rajesh Agrawal said.The statement comes amid ongoing talks at the official level,…

Benchmark Sensex tanked 778 points while the broader stock index Nifty closed at a five-month low on Tuesday amid surging oil prices, geopolitical tensions and weak trends in global markets. The 30-share BSE Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82, dragged by losses in blue-chip banking,…

The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW DELHI: The Reserve Bank of India has backed the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, saying the move would help strengthen the long-term sustainability of India’s digital payments ecosystem.The National Payments Corporation of India…