Business
An interesting post went viral earlier this month, suggesting that a man got hold of his father’s physical share certificates of Jindal Vijayanagar Steel (later merged into JSW Steel) and found the 5,000 shares he bought for ₹1 lakh in the 1990s were now worth ₹80 crore. A series of posts followed, touting the power…
De Beers, the largest diamond seller is confident of its prospects in India even as financial institutions like World Bank had flagged that India would go into a middle-income trap, said Al Cook, Global Chief Executive Officer of De Beers. “You’re absolutely right that various multilateral banks have highlighted the the middle income trap. But…
NEW DELHI: Declaring a turning point in Gujarat politics, Aam Aadmi Party (AAP) state president Isudan Gadhvi on Monday said, “If there is anyone who can defeat the BJP, it is AAP… AAP is going to form the government in 2027. A foundation has been laid today.”He was speaking shortly after AAP candidate Gopal Italia…
New Delhi: Indian economic activity has surged to a 14-month high in June as companies scaled up output in response to faster increases in total new business intakes and a record upturn in export orders, according to the HSBC flash PMI data released on Monday. The HSBC Flash India Composite Output Index – a seasonally…
NEW DELHI: The last Indian warship to be built abroad, a 3,900 tonne multi-role stealth frigate packed with sensors and weapons like BrahMos supersonic cruise missiles, will be commissioned as INS Tamal in Russia on July 1.The Navy currently has 59 warships and vessels under construction in Indian shipyards at an overall cost of around…
Sunteck Realty Ltd was recently appointed as the developer for the redevelopment of a housing society in Mumbai’s Andheri (East). The gross development value (GDV) or revenue potential of this project is estimated at ₹1,100 crore, as per media reports. This is a 2.5-acre land parcel and about 275,000 square feet will be available for free…
Credit cards offer flexibility and convenience at the same time. They are surrounded by several myths which can mislead consumers and ruin financial health. As we undergo the landscape of digital finance, it is probably the right time to bust some of the myths around credit cards. Common credit card myths debunked 1. Carrying a balance improves…
Many borrowers in the country still misunderstand how credit scores work. This leads to doubts and myths that may silently influence their chances of seamless loan approvals. A commonly prevalent myth is that high income guarantees a positive credit score still, it is important to keep in mind that bureaus also consider credit mix, repayment…
Union Minister of Commerce and Industry Piyush Goyal with U.S. Secretary of Commerce Howard Lutnick during a meeting in the USA. File | Photo Credit: X/@piyushgoyal Commerce and Industry Minister Piyush Goyal on Friday (May 23, 2025) held his second meeting with U.S. Commerce Secretary Howard Lutnick in Washington to discuss the proposed bilateral trade…
BHOPAL: A video purportedly showing a police assistant sub-inspector (ASI) extorting a truck driver and abusing his senior in an inebriated state in Madhya Pradesh’s Satna district was widely circulated on social media. Taking note of the video and verifying it, senior officials suspended the cop and ordered a probe.The cop, Ganesh Rawat, is an…
New Delhi: Global capital can no longer overlook India’s structural economic advantages, as the nation is poised to significantly outpace G7 economies in growth, according to a report released on Monday by wealth management firm Equirus. The report identifies strong macro fundamentals, policy-led capital expenditure, a resurgence in rural consumption, and structural manufacturing shifts as…
Screenshots from viral social media video A foreign tourist in India has gone viral after showcasing his sharp bargaining skills in a street market.The video was originally shared on Instagram by the account @nativety, and shows the tourist negotiating the price of a silk tote bag from Rs 550 down to just Rs 50.In the…
Aditya Birla Lifestyle Brands share price fell over 4 per cent on Monday, June 23 after listing on both NSE and BSE. The stock touched an intraday low to ₹159.15 amid stock market crash due to ongoing Israel-Iran war. Aditya Birla Lifestyle Brands listing details Shares of Aditya Birla Lifestyle Brands Limited (ABLBL) were listed…
A recent Income Tax Appellate Tribunal (ITAT) ruling declared Mahadevan a tax resident of India for financial years 2012-13, 2013-14, and 2018-19, thereby making his global income taxable in India—despite his claim of being a non-resident. Mahadevan, who operates restaurants and bakeries both in India and abroad, declared himself a non-resident in his income tax…
Personal loans have now moved beyond covering urgent needs and aspirations of borrowers. They are now increasingly used for emotional and discretionary purchases, financing holidays, gadgets or celebratory events such as anniversaries, birthdays among other life events. This trend underlines a clear shift in how credit interplays with instant gratification and emotion based spending. Elucidating…
Image used for representative purpose only. | Photo Credit: REUTERS India is opening up a chunk of its protected government procurement market to foreign firms, including the U.S., two government sources said, in a shift that could extend to other trading partners after it was offered to the U.K. under a trade deal this month….
