MUMBAI: Marico has snapped up a 60% majority stake in D2C wellness brand Cosmix for Rs 226 crore, ramping up acquisitions of new-age startups as consumers seek better choices and varied options catering to specific needs, increasingly shunning run-of-the-mill products.Cosmix sells a range of plant-based protein powders and functional superfood blends. The development comes days […]
AI Express to invest Rs 633 crore for revamp
NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other […]
India-US trade deal: How Delhi’s behind-the-scenes push cracked Trump tariff wall
US President Donald Trump and Prime Minister Narendra Modi on February 2 surprised everyone with the India–US trade deal, announcing a reduction in tariffs on Indian goods entering the American market from 50% to 18%, lower than those faced by most Asian neighbours.Trump also confirmed that the punitive 25% duty imposed on India for buying […]
Tech stock under pressure: AMD slumps 15.7%, fresh selling in software stocks drags US markets lower
US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026 […]
Aadhaar cleanup drive: UIDAI deactivates over 2.5 crore IDs of deceased persons; move aims to curb fraud and misuse
The Unique Identification Authority of India (UIDAI) has deactivated more than 2.5 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide database clean-up exercise aimed at preventing identity misuse and fraud, the government informed Parliament.The move is part of efforts to maintain the accuracy and integrity of the Aadhaar ecosystem, which remains […]
88% individual taxpayers shift to new tax regime, CBDT chief rules out sunset clause for old regime
The new income tax regime has seen widespread adoption among individual taxpayers, with about 88 per cent now filing returns under the system, CBDT Chairman Ravi Agrawal said, while clarifying that the government is not considering a sunset clause for the old tax regime.He said the choice between tax regimes continues to remain with taxpayers, […]
US markets today: Wall street opens mixed as tech stocks weigh; gold climbs back above $5,000 per ounce
US equities moved in mixed territory early Wednesday, with technology stocks continuing to weigh on sentiment, while gold prices rebounded and moved back above the $5,000-per-ounce mark as investors sought safe-haven assets.The S&P 500 slipped 0.1% in early trade, coming off its fourth modest decline in the last five sessions. The Dow Jones Industrial Average […]
Indians second most optimistic about economy
MUMBAI: Optimism in India up 7% on stable governance, policy continuity, and easing pressure from key economic indicators. according to the latest What Worries the World survey by Ipsos.About 69% of Indians now say the country is headed in the right direction, up 7 percentage points in a month, placing India second globally alongside Malaysia […]
Rail modernisation: Railways plans 260 Vande Bharat sleeper rakes; phased rollout with advanced safety, comfort features
The government has planned to manufacture 260 rakes of Vande Bharat Sleeper trainsets as part of efforts to upgrade long-distance rail travel with advanced safety systems and passenger comfort features, according to Union minister Ashwini Vaishnaw in a written reply in the Lok Sabha.The programme will be executed in phases covering prototype development, testing, trials […]
Is another repo rate cut on the table as RBI MPC meets? What to expect from Friday’s policy outcome
The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused […]