BUSINESS

Union Minister for [Information and Broadcasting, Ashwini Vaishnaw announcing the recent cabinet decisions The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a series of measures spanning support for small and medium enterprises, integrated transport planning and logistics, and a resolution marking PM Modi’s completion of 25 years of continuous public service.The…

Indian Railways is working towards finishing the long-delayed Sivok-Rangpo railway project by December 2027. (Image for representative purpose only) Sikkim is moving closer to being on the railway map and now Indian Railways is stepping up efforts to bring Sikkim’s capital Gangtok onto the railway network by prioritising a proposed 34-km rail link between Rangpo…

Gold tried to recover on tepid US nonfarm payroll data released Friday, too, but the rally once again proved to be abortive. Gold price prediction today: Gold prices are expected to be under pressure unless yields fall, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Here’s what he has to say: Gold Performance:…

Rupee slips 4 paise to 96.39 against US dollar Rupee remained under pressure against the US dollar on Tuesday, slipping 4 paise to 96.39 in early trade as higher crude oil prices and continued foreign investor selling weighed on the currency.The currency, however, found some support from gains in domestic equities and a softer dollar….

The second addition arose after the man transferred five of the six flats to his wife through sale deeds in 2020. (Image for representative purpose only) You enter into an agreement with a builder for your land and later transfer five flats from it to your wife. Is a capital gains tax applicable?In one such…

Google to seal $1 billion-plus nuclear power Google is close to striking a deal to buy nuclear power from Constellation Energy Corp, for its data centres, as tech gaints look for more reliable electricity to support the rapid growth of artificial intelligence.The Alphabet Inc. company could pay $1 billion or more under a multi-year agreement…

Oil prices remained close to $100 a barrel on Tuesday, with steady Middle Eastern oil exports helping to ease supply concerns. However, continued attacks in the region kept traders alert to the risk of disruptions to Gulf supplies.Brent crude was trading at $100.6 a barrel, up 24 cents or 0.24%, while WTI stood at $89.60,…

US President Donald Trump US President Donald Trump on Monday (local time) signed an executive order aimed to ease the burden of high diesel prices on farmers, truckers and other businesses, as fuel costs continue to put pressure on Republicans ahead of the November midterm elections.Trump announced the move during a campaign stop in Grand…

NEW DELHI: Government is likely to sign a bilateral investment treaty (BIT) with Saudi Arabia, allowing companies from the Gulf state to initiate international arbitration two years after they exhaust legal remedies in India. This is a concession from the current five-year clause in the model BIT finalised by govt a year ago.The Union cabinet…

On the jewellery issue, the ITAT found that the department’s reasoning involved too many assumptions. (Image for representative purpose only) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return. The tribunal deleted…