State-owned power major NTPC is planning to set up nuclear projects both through joint ventures and on a standalone basis, Chairman and Managing Director Gurdeep Singh has said.In a company document, Singh said NTPC is collaborating with nuclear technology providers as well as state governments to explore projects independently. “We are collaborating with various nuclear […]
SpiceJet delays salaries for senior staff, junior employees get paid on time: Report
Budget airline SpiceJet has delayed salaries for a sizable section of its employees over recent months, a source told PTI.While workers earning up to Rs 55,000 per month have received their August salaries, senior staff — largely at Assistant Manager level and above — are waiting for their payments, the source added.“SpiceJet has once again […]
ITR filing: Essential documents you need to file tax returns; September 15 deadline
The government had extended the income tax return (ITR) filing deadline for the financial year 2024-25 (assessment year 2025-26) to September 15 from July 31, giving taxpayers additional time.This relief applies to taxpayers who are not required to get their accounts audited, such as salaried individuals and pensioners, ET reported.Document verification plays a crucial role […]
US-China trade meet: High-level talks begin in Madrid; tariffs and TikTok top the table
The United States and China launched trade talks in Madrid on Sunday, with both sides confirming discussions on economic issues as well as the ongoing dispute over TikTok, according to AFP. The meeting brings together US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng at a time when trade tensions between the two […]
Farm sector: Nitin Gadkari says sugar industry survives due to ethanol; calls for new technology in farming
Union minister Nitin Gadkari on Sunday said the sugar industry in India has managed to survive largely due to the advent of ethanol and stressed the need for adopting new technologies in farming.Speaking at an event organised by Naam Foundation in Pune, Gadkari said farmer suicides in Maharashtra’s Vidarbha and Marathwada regions were mainly linked […]
India-Russia trade: Western exit creates space for Indian exporters; ITE Group CEO sees $100 bn goal
The withdrawal of several Western companies from the Russian market has created gaps across critical sectors, paving the way for Indian MSMEs and exporters to expand their footprint. Dmitry Zavgorodniy, Chief Executive Officer of Russian exhibition leader ITE Group, said Indian businesses are increasingly competitive and well-positioned to fill the demand, reported news agency ANI.ITE […]
Gold rate outlook: Gold rally may pause ahead of US Fed policy; silver hits lifetime high on MCX
Gold prices are expected to hold their gains but may witness some consolidation as investors await the outcome of the US Federal Reserve’s policy meeting on September 17, analysts said.Traders will also track inflation data from major economies including the UK and Euro zone, along with policy decisions by the Bank of England and Bank […]
Equity mutual funds: Inflows dip 25% MoM in August; NFO activity sees sharp drop
Equity mutual fund inflows, including hybrid schemes but excluding arbitrage, in August this year fell to Rs 424 billion, marking a 25% month-on-month and 8% annual decline, as per a JM Financial report.The fall was driven largely by a thinning new fund offering (NFO) pipeline, which accounted for 61% of the Rs 142 billion MoM […]
M-cap weekly gains: Eight of top-10 firms add Rs 1.69 lakh cr; Bajaj Finance leads rally as LIC, HUL lose value
The combined market valuation of eight of the 10 most valued domestic firms jumped Rs 1,69,506.83 crore last week, in line with an upbeat trend at Dalal Street. Bajaj Finance led the gainers, while Hindustan Unilever and LIC were the only laggards.During the week, the BSE benchmark surged 1,193.94 points or 1.47 per cent, boosting […]
FDI boost: Finance minister Nirmala Sitharaman signals introduction of Insurance Amendment Bill; may be tabled this Winter session
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman has indicated that the Insurance Amendment Bill, which proposes to raise foreign direct investment (FDI) in India’s insurance sector to 100 per cent, is likely to be introduced in Parliament during the upcoming Winter session, which is likely to commence from the […]