Top-10 firms add Rs 3.65 lakh crore in mcap A strong week in the stock market added Rs 3.65 lakh crore to the combined market value of nine of India’s top-10 most valued firms. TCS led the gains, followed by Bharti Airtel and Infosys. Larsen & Toubro was the only firm in the group to … Read more
Noel cast the shift as a return to the founders’ purpose MUMBAI: Tata Trusts will put more weight on building institutions directly rather than only funding them, chairman Noel Tata said, as the charitable body’s differences with the Tata Sons board persist.In the Trusts’ FY26 annual report, Noel said the need was “not simply to … Read more
Marco Rubio says US President studying impact of possible tariffs US President Donald Trump has waived key sanctions provisions under the Lindsey O Graham Sanctioning Russia and Iran Act, putting on hold proposed tariffs targeting major buyers of Russian oil and gas, including India and China.Rubio, explaining the decision on Saturday (local time), said that … Read more
Some mid-sized private lenders and public sector banks recorded an expansion in NIM MUMBAI: Private sector banks reported higher profits in the Sept-quarter despite the top three banks seeing pressure on net interest margins (NIM).The FCNR(B) deposits boosted the deposit growth rate to a decadal high and expanded balance sheets, but cost of deposits rose … Read more
Venezuela signs 61 oil agreements Venezuela expects to attract nearly $76 billion in oil investments over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday. A bilateral accord with the United States includes plans to drill 250 rigs and covers 17 oilfields, forming part of a broader package of … Read more
ITAT Jaipur identified a significant error in the AO’s assessment. (Image for representative purpose only) Indians based globally and investing in India can in some cases face tax notices for unexplained income.In one such case, a woman invested money in FCNR term deposits along with her husband. Both of them received separate tax notices from … Read more
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 … Read more
She, however, insisted that dialogue is the best way to address these issues NEW DELHI: Finance minister Nirmala Sitharaman Friday flagged her concerns over the large — and exponentially growing — trade imbalance with China and said Beijing has not addressed India’s concerns for nearly a decade and continued to deploy non-tariff barriers.“The trade imbalance … Read more
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 … Read more
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 … Read more