Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices […]
Trump’s tariff threats & jibes: India calls out US, EU hypocrisy in clear message, says ‘revealing that countries criticizing…’ – top 10 points
After imposing a 25% tariff on India last week, Trump targeted Russia and India, calling them ‘dead economies’. (AI image) US President Donald Trump’s 25% tariff, threats of higher duties, additional penalties, and jibes calling India a ‘dead economy’ don’t appear to have gone down well with India. The Narendra Modi government is calling out […]
Gold price prediction today: Where are gold rates headed on August 5, 2025? Here’s the outlook
Gold price prediction: Gold is still stuck in its nearly 11-week-old range of $3250-$3450. (AI image) Gold price prediction today: Gold rates are likely to trade with a positive bias though they have been stuck in a range for some time now.Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares […]
SEBI wants bigger slice for MFs, Ulips and pension funds in IPO pie
SEBI has also proposed trimming the retail quota from 35% to 25% in a staggered manner, while boosting the qualified institutional buyer quota from 50% to 60% to ensure demand stability. (AI image) Mumbai: The Securities and Exchange Board of India (Sebi) has proposed increasing the reservation for anchor investors in initial public offerings (IPOs) […]
US effective tariff rate on Indian goods rises to 20.7%, up from 2.4% in 2024; escalating trade tensions cast shadow on growth outlook: Fitch report
The effective US tariff rate on Indian goods jumped to 20.7 per cent in 2025 from just 2.4 per cent in 2024, Fitch Ratings said in its latest assessment. Fitch reported, quoted by ET, noted that the overall US effective tariff rate stands at 17 per cent- about 8 percentage points lower than the estimate […]
P B Balaji to be 1st Indian CEO of JLR
New Delhi: PB Balaji, the group CFO of Tata Motors, will take charge as the CEO of British marquee Jaguar Land Rover from Nov this year, becoming the first Indian to lead the luxury car ompany in an executive role. Balaji will succeed Adrian Mardell, who expressed his desire to retire from JLR after three […]
How India, China may not come to Trump’s rescue to get Putin to stop Russia-Ukraine war
Both India and China, faced with the prospect of 100% tariffs, penalties and so on – have so far not stopped buying crude from Russia. (AI image) US President Donald Trump’s threats and warnings to get Vladimir Putin to stop the Russia-Ukraine war don’t seem to be working as of now. His tactic of pressuring […]
Electric mobility index 2024: Delhi, Maharashtra, Chandigarh top Niti Aayog’s EV index; 29 states have EV policies in place
Delhi, Maharashtra and Chandigarh have topped Niti Aayog’s inaugural India Electric Mobility Index (IEMI) 2024, emerging as frontrunners in the country’s transition to electric vehicles. The index evaluates the performance of all states and Union Territories across 16 indicators grouped under three broad themes: EV adoption, charging infrastructure readiness, and EV technology and innovation.According to […]
IndiGo’s London leap: Airline to begin daily Heathrow flights from October 26 with leased Dreamliners; targets 40% overseas capacity by FY30
Marking its 19th anniversary with a sharp global pivot, IndiGo on Saturday announced it will launch daily non-stop flights to London Heathrow from October 26, 2025, using leased Boeing 787-9 Dreamliners, as part of a larger international expansion plan.This milestone comes as India’s largest airline by market share prepares to induct five more Dreamliners this […]
Elon Musk pay reboot: Tesla approves $29bn award after court setback, board bets big to retain CEO’s focus on AI
Tesla has approved a new stock award for CEO Elon Musk worth an estimated $29 billion, offering him 96 million shares as part of a fresh compensation deal aimed at keeping him at the company’s helm. The move comes just months after a Delaware court voided Musk’s earlier 2018 pay package, which had been valued […]