While the new income tax law replaces the Income Tax Act, 1961 and omits 13 offences, 35 actions and omissions continue to attract criminal liability under 13 provisions. Photograph: Kind courtesy Niti.gov.in NITI Aayog on Friday released the second
Amidst growing competition and global softening of EV demand, its India entry was due for a long time and that finally happened sometime back although yet again the approach was different. Photographs: Somnath Chatterjee Tesla is a name which transcends
Tata Consultancy Services (TCS) on Friday announced the launch of an Artificial Intelligence (AI) Experience Zone and Design Studio in London, and said its continued investments in the UK will create 5,000 new jobs across the country over the next
India’s forex reserves fell by $276 million to $699.96 billion during the week ended October 3, according to RBI data. Illustration: Dado Ruvic/Reuters In the previous reporting week, India’s forex reserves had dropped by $2.33 billion to $700.24 billion.
Multi-asset allocation funds (MAAFs) have emerged as strong performers among mutual funds (MFs), rivalling medium-term returns from traditional equity categories while maintaining a lower risk profile. Illustration: Dominic Xavier/Rediff Over the past three years, average returns for this segment have
The recent flash floods and landslides triggered by heavy rain in north Bengal have caused massive destruction in at least 30-35 tea gardens in Darjeeling, with reports of loss of plantation areas, deaths of workers and damage to houses of
The initial public offering of LG Electronics India Ltd received 54.02 times subscription on the final day of bidding on Thursday, driven by overwhelming participation from institutional buyers. Photograph: Kim Hong-Ji/Reuters The Rs 11,607-crore IPO received bids for 3,85,33,26,672 shares
Prime Minister Narendra Modi on Thursday said the India-UK free trade pact will boost MSMEs and create jobs, and exuded confidence that the target of doubling bilateral trade will be achieved ahead of 2030 deadline. IMAGE: Prime Minister Narendra Modi
Between January and August 2025, over 65,000 units of the Bolero were sold, making it the third-highest contributor to Mahindra’s overall SUV sales. Bolero annually achieves sales of over 1 lakh units. IMAGE: Nalinikanth Gollagunta, chief executive officer, Automotive Division,
Indian information-technology (IT) service providers are likely to report another quarter (July-September) of low, single-digit growth owing to macro uncertainties, chiefly emanating from America, with no respite in sight even in the second half of the year. Illustration: Dominic Xavier/Rediff
