Tax officials cannot routinely apply the Black Money Act (BMA) merely because a person has been treated as a ‘resident’ after remaining in India for more than 181 days against their will. (AI image) Delhi High Court’s recent order has changed the scope of imposing the Black Money law for individuals who have been forced…
MUMBAI: Retail investors looking for a simpler way to plan for long-term goals such as retirement and children’s education may soon have some easier options. Markets regulator Sebi on Thursday allowed fund houses to launch life cycle funds.Life cycle funds are open-ended schemes designed around a target maturity date and a pre-set asset allocation glide…
NEW DELHI: Auto component companies are stepping up investments in India, scouting for new acquisitions and expanding capacities as free trade agreements (FTAs) open up fresh export opportunities for them.Executives across companies told TOI that India is fast emerging as a manufacturing and export base, especially for US and European markets, with recent trade deals…
MUMBAI: US tariffs never impacted Crocs’ sourcing plans from India, a market key to the American footwear company’s supply chain diversification strategy and where it has expanded to five factories over the past three years, said EVP and brand president Anne Mehlman, adding that lower tariffs now gives the firm more room to broaden sourcing…
MUMBAI: The old joke about bankers was that they would lend you an umbrella when the sun was shining. Following the pushback against the surge in unsecured loans, that is what banks are doing, lending to customers who already have the resources. However, many customers are taking personal loans despite having savings, given the convenience…
NEW DELHI: Smartphones, led largely by Apple’s iPhone, emerged as India’s top export category for the first time, overtaking automotive diesel fuel in 2025, official data showed, indicating the impact of policy measures to boost exports. Exports of smartphones during Jan-Dec 2025 rose to about $30.1 billion, up 47.5% from $20.4 billion in 2024, while…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex dropped in opening trade on Friday on weak global cues and falling global markets. At 9:17 AM, Nifty50 was trading at 25,403.15, down 93 points or 0.37%. BSE Sensex was at 81,986.79, down 262 points or 0.32%.Analysts are of the view that the…
BENGALURU: Deeptech funding in India surged 37% year-on-year to $2.3 billion in 2025, outpacing broader venture capital growth and cementing artificial intelligence as the primary engine of the country’s startup ecosystem, according to Nasscom and Zinnov’s latest Indian Tech Start-up Report.Overall tech startup funding rose 23% to $9.1 billion during the year, even as investors…
Top stocks to buy (AI image) Stock market recommendations: Bajaj Broking Research recommends Colgate-Palmolive (India), and Varun Beverages as the top stocks to buy on February 27, 2026. The brokerage shares a detailed outlook on Nifty and Bank Nifty:Index view: NiftyIndian equity markets witnessed a highly volatile trend during last week, oscillating within a defined…
BENGALURU: Uber’s India business posted total sales of Rs 3,849.2 crore in FY25, up 2.3% y-o-y, reflecting a sharp slowdown in growth even as losses widened significantly, according to consolidated financials accessed via Tofler.Operating loss surged to Rs 1,052.3 crore from Rs 84.8 crore in FY24, with operating margin deteriorating to -27.3% from -2.2%. Net…