A US federal court in Chicago on Monday began hearing a second damages trial against Boeing over the fatal 2019 crash of an Ethiopian Airlines 737 MAX aircraft, as a Canadian plaintiff sought compensation for the loss of multiple family members in the tragedy.The case has been filed by Manant Vaidya, whose sister Kosha Vaidya […]
‘Fed’ up Trump launches probe into central bank chief
The TOI correspondent from Washington: US President Donald Trump is on the warpath against Venezuela, Cuba, Iran, Greenland — and the Federal Reserve. In a move that has rattled financial markets and political circles alike, the Trump administration’s Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell, marking an unprecedented clash […]
Budget 2026: Textile industry body seeks permanent removal of cotton import duty; flags cost pressure, export risks
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj […]
Net direct tax kitty swells 9 pc to Rs 18.4 lakh cr till Jan 11
Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday.The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore.Securities Transaction Tax […]
America’s tariff headache: Trump’s levies hit jobs harder than prices — here’s why
A year after US President Donald Trump introduced a fresh round of tariffs, the economic fallout has proven uneven, with employment taking a clearer hit than prices. At the time, economists warned that the measures would drive up inflation and push unemployment higher. Data from 2025 suggests those concerns were only partly true. While the […]
Don’t buy stocks at silly prices! Why price still matters, even for great companies
Valuation is not about finding some precise magic number. (AI image) Once you start liking quality businesses, it’s tempting to believe that you can pay almost any price for them. The story feels so strong that valuation becomes an afterthought. We’ve heard this many times: “It’s a great company, I don’t mind paying a bit […]
Stock market holiday: BSE, NSE to remain shut on January 15; here’s what happens to F&O expiry
Indian stock markets will remain closed on January 15 after exchanges revised their schedules in view of municipal corporation elections in Maharashtra. Both BSE and NSE have now declared a full trading holiday for the day, replacing an earlier notification that had marked it only as a settlement holiday, ET reported.According to BSE, trading across […]
UAE content creators can now sell globally on Amazon under new Foundry agreement
Amazon launches Creators Foundry to help UAE influencers sell worldwide Dubai has once again positioned itself at the forefront of the global creator economy, with a major new initiative designed to help digital creators turn their influence into entrepreneurial success. On the sidelines of the fourth 1 Billion Followers Summit in Dubai, Creators HQ (the […]
Budget 2026: Stronger incentives, easier credit, tax relief & beyond — startups make their pitch
Union Budget 2026 is set to be presented on Sunday, February 1 and the startup ecosystem has laid out a clear set of expectations, calling for policy measures that prioritise early-stage survival, easier financing and simpler regulatory processes. Founders across sectors highlighted that although multiple government schemes exist to support entrepreneurship, young startups continue to […]
Gold price prediction today: Why are gold prices rallying & what’s the next level to watch out for? Top points to know
Amidst the factor mentioned above, prices have witnessed a significant gap up on Monday morning. (AI image) Gold price prediction today: Gold prices are rallying this week and several global factors including a possible Supreme Court judgment on US President Donald Trump’s tariffs would be a key factor to watch out for, says Manav Modi, […]