The government on Wednesday approved a Rs 7,280 crore scheme to promote manufacturing of rare earth permanent magnets, a move which would help reduce India’s dependence on China. IMAGE: A sample of bastnaesite ore, a mineral used in the rare
Ahead of the Union Budget 2026-27, Indian business houses have urged the government to make demergers tax-neutral, particularly in cases involving transfer of investments in associate companies with 25 per cent or more shareholding, under the new Income Tax Act.
India’s merchandise exports grew in the first three weeks of November compared with the same period last year, according to preliminary government data, Commerce and Industry Minister Piyush Goyal said on Tuesday. Photograph: Kim Kyung-Hoon/Reuters The uptick comes despite global
Stock markets closed lower for the third consecutive session on Tuesday with the benchmark Sensex sliding nearly 314 points due to selling in IT and auto shares as foreign fund outflows dampened investor sentiment. Photograph: Francis Mascarenhas/Reuters In a volatile
Moody’s Ratings on Tuesday said tax cuts in the current fiscal has dented India’s revenue growth, leaving less scope for fiscal policy support for the economy. Photograph: Anushree Fadnavis/Reuters “Revenue growth has been fairly weak and there are probably some
The wait is finally over. After teasing enthusiasts at the Bharat Mobility Expo 2025 and a spectacular unveiling at the historic Mukesh Mills in Mumbai, the Tata Sierra is officially here at an inaugural starting price of Rs 11.49 Lakh
India’s labour landscape is undergoing one of the biggest transformation in decades. The government has consolidated 29 pre-Independence and early post-Independence labour laws — many of them drafted between the 1930s and 1950s — into four comprehensive labour codes: the
After four failed reform drives, a new plan aims to rescue India’s debt-laden power discoms through privatisation, accountability and long-term financial fixes. Kindly note the image has been published for representational purposes only. Photograph: Reuters For the electricity sector in
Air India Group expects to induct 26 wide-body and narrow-body planes, and operate 81 per cent of its international flights with upgraded aircraft by the end of 2026, while overall capacity will remain almost unchanged next year. “2026 will be
Benchmark stock indices Sensex and Nifty declined on Monday amid last-minute selling by cautious investors and lack of any major triggers. Photograph: Danish Siddiqui/Reuters Paring early gains, the 30-share BSE Sensex declined by 331.21 points or 0.39 per cent to
