NEW DELHI: Prime Minister Narendra Modi will inaugurate the Noida international airport at Jewar next month, Uttar Pradesh chief minister Yogi Adityanath said during an interaction with the Indian diaspora in Singapore.Highlighting the state’s aviation infrastructure, Yogi said Uttar Pradesh currently has the highest number of airports in the country and that the upcoming airport…
The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…
HYDERABAD: US-based insurance player The Hartford on Monday opened its first global technology centre in India, spread over 1.6 lakh sq ft at Hyderabad’s Financial District, and it is expected to scale up to nearly 1,200 employees over the next few years.The 200-year-old American insurer said the Hyderabad GCC will play a key role in…
SEBI Chairman Tuhin Kanta Pandey MUMBAI: Markets regulator Sebi is in the process of reviewing and revamping the regulations for the portfolio management services industry, and a new set of regulations is expected to be in place by mid-2026, Tuhin Kanta Pandey, chairman, Sebi said Monday.The Sebi chief also said that internally its top officials…
NEW DELHI: The National Monetisation Pipeline (NMP) 2.0 has set a target of Rs 16.7 lakh crore from monetisation of assets belonging to 12 sectors in more than 2,000 projects over five years from fiscal year 2026 to 2030, a roadmap prepared by govt’s policy think tank Niti Aayog showed on Monday. The aggregate assets…
BENGALURU: The IT industry is undergoing one of its deepest structural shifts in decades as AI reshapes talent needs across the delivery chain. The traditional pyramid model with large teams of junior coders supervised by layers of managers-is giving way to a capability-dense, AI-augmented structure. “The shift is from coding depth to problem framing,” said…
Global stocks on Monday were dragged down by losses on Wall Street and European equities as fresh uncertainty around tariffs intensified after US President Donald Trump announced new levies following a US Supreme Court ruling last week.Wall Street’s main indexes slid, with software and financials being the biggest drags on the benchmarks. Citigroup was down…
NEW DELHI: India and France have amended the double taxation avoidance agreement which will provide for taxation of capital gains on the basis of residency of the company and deleted the Most Favoured Nation (MFN) clause bringing in certainty in taxation.The amending protocol modifies the taxation of income from dividends by replacing a single rate…
MUMBAI: On a day its stock slid 16%, IDFC First Bank said it will remain profitable despite a Rs 590-crore hit from fraudulent transactions in Haryana govt-linked accounts, traced to employee collusion at its Chandigarh branch. On a conference call, the bank’s CEO V Vaidyanathan said the bank has appointed KPMG for a forensic audit…
NEW DELHI: In a stern message, finance minister Nirmala Sitharaman on Monday asked banks to focus on core banking and said it was an offence to mis-sell insurance products.“I am glad that RBI is coming up with guidance on why mis-selling will not be entertained. The message should go to the banks that you cannot…