Buisiness

The Trump administration is bringing The One Big Beautiful Bill, which carries significant implications for many Indians residing in the US. (AI image) India is staring at a double whammy – It is at the risk of losing a several billion dollars remittance lifeline as US President Donald Trump cracks down on migration. Not only…

NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved Bajaj Group’s plan to acquire a 26% stake each in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from its partner Allianz SE, valued at Rs 24,180 crore.“The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz…

NEW DELHI: The government has extended the implementation timeline for the Safety of Household, Commercial and Similar Electrical Appliances Quality Control Order, 2025 by nearly one year, now scheduled to take effect from March 19, 2026, for domestic large and medium enterprises as well as foreign manufacturers.The decision follows a stakeholder consultation held on May…

NEW DELHI: The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended window of four years to rectify or update their income tax returns. This move comes in line with the amendments introduced in the Finance Act, 2025.Previously, taxpayers had a 24-month period to file an updated…

NEW DELHI: Reliance Industries Ltd (RIL) and its foreign partners have moved the Supreme Court against the Delhi High Court‘s February ruling quashing an arbitral award in their favour in the dispute with the Centre’s $1.7 billion claim over alleged siphoning of gas from a Krishan=Godavari field off the Andhra coast.RIL filed the lead petition…

NEW DELHI: The rupee declined by 16 paise to settle at 85.58 against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rise in US Treasury yields. The drop marked a reversal from Monday’s gain, when the rupee had appreciated by 15 paise to close at 85.42.Currency dealers attributed the…

NEW DELHI: Elon Musk on Tuesday reaffirmed his commitment to lead Tesla for at least the next five years, addressing investor concerns and political backlash during a video appearance at the Qatar Economic Forum hosted by Bloomberg. His remarks followed a recent trip to Doha as part of US President Donald Trump’s Middle East delegation.When…

Tesla CEO Elon Musk on Tuesday announced he will remain at the helm of the electric vehicle giant for at least the next five years, brushing off criticism over his political involvement with US President Donald Trump and insisting that Tesla’s sales and market position have rebounded sharply.“We’re strong everywhere else. So sales are… doing…

NEW DELHI: Hindalco Industries, the metals flagship of the Aditya Birla Group, reported a 66 per cent year-on-year surge in consolidated net profit to Rs 5,284 crore for the quarter ended March 2025, up from Rs 3,174 crore a year ago. The robust performance was driven by strong Indian operations, aided by favourable macroeconomic conditions…

Several banks have recently reduced their fixed deposit interest rates, with numerous banks introducing specialised 444-day FD schemes featuring competitive rates. These time-limited offerings seek to draw depositors looking for enhanced returns in a fluctuating interest rate climate. Below is a comprehensive analysis of schemes from four major banks, as quoted by Economic Times.SBI’s “Amrit…