Indian Overseas Bank Receives Rs.502 Crore Income Tax Demand Notice State-owned Indian Overseas Bank (IOB) has received an income tax demand notice of more than ₹502 crore from the Income Tax Department. The notice has been issued under Section 156 of the Income Tax Act, 1961 and relates to the assessment year 2017–18. Explained: Section…
US stock markets opened sharply lower on Thursday as surging oil prices and uncertainty stemming from the ongoing conflict involving the US, Israel and Iran weighed on investor sentiment.Shortly after opening bell, the Dow Jones Industrial Average fell 1.1 per cent to 46,879.09. The broader S&P 500 declined 1.0 per cent to 6,706.10, while the…
A King penguin colony (AP photo) A new study has found that king penguins are breeding earlier as global temperatures rise, and the shift is helping improve their breeding success.Researchers studying about 19,000 king penguins on a sub-Antarctic island chain found that the birds are now starting their breeding cycle 19 days earlier than they…
Fixed term employment is steadily emerging as a mainstream form of hiring. (AI image) India’s world of work is changing. Businesses today operate in an environment marked by rapid technological shifts, evolving geopolitical dynamics, seasonal demand cycles, project‑based work and intense global competition. Geopolitical realignments, supply‑chain reconfiguration and cross‑border regulatory developments are influencing how organisations…
BENGALURU: Isro and the All India Institute of Medical Sciences (AIIMS) have signed an MoU to collaborate on space medicine research aimed at supporting India’s future human spaceflight missions.The agreement will focus on studying how the human body responds to long-duration space travel and developing medical systems to keep astronauts healthy in orbit, Isro said…
Bank of Baroda has raised a $500 million syndicated term loan with a tenure of five years on Thursday. With this deal, the bank has returned to the global syndicated loan market after about one year. The loan was arranged through the bank’s IFSC Banking Unit located in GIFT City, Gujarat. The transaction was led…
South Africa’s captain Aiden Markram, left, and West Indies’ captain Shai Hope. (AP Photo) NEW DELHI: The final batch of players and support staff from South Africa and West Indies have finally departed India following days of travel uncertainty caused by airspace closures linked to the ongoing West Asia conflict, the International Cricket Council (ICC)…
India’s retail inflation edged higher in February, largely on the back of rising food prices, according to official data released on Thursday.Data from the National Statistics Office (NSO) showed that inflation measured by the Consumer Price Index (CPI) rose to 3.21 per cent in February, up from 2.74 per cent in January. Despite the increase,…
For the first time, scientists have filmed high-speed video of a phenomenon where trees emit an electrical glow by generating sparks during thunderstorms. The results of a study published in Geophysical Research Letters show that the trees’ branches can emit faint blue light known as corona discharge, thanks to sensors and cameras deployed in the…
RBI imposes Monetary Penalty on Bank of India Over Currency Chest Irregularities The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.85 lakh on Bank of India for certain irregularities related to a currency chest. The penalty of ₹1,85,300 was imposed on the Kanpur Currency Chest operated by Bank of India. The…