"Where Facts Speak Louder."
ITC said on Monday it would acquire the pulp and paper business of Aditya Birla Real Estate for up to Rs 3,500 crore ($410 million).The acquisition will add 480,000 metric tonnes per year of capacity to ITC’s paperboards and specialty papers business, the company said.The deal comes as ITC’s paperboards, paper, and packaging segment faces…
President Trump plans to announce ‘Liberation Day,’ imposing 25% tariffs intended to boost US revenue by $6 trillion over a decade but risking global economic instability. Economists predict a $1.4 trillion global income hit, inflation, and disrupted trade. While some countries like India may gain initially, experts warn of long-term negative impacts. On April 2,…
MUMBAI: Zomato (now Eternal) has laid off about 500-600 employees working in customer support roles citing non-performance, sources said. Some of the impacted employees alleged that the company terminated the jobs without giving them any notice period. Zomato declined to comment.The firm had hired over 1,500 people last year under its Zomato Associate Accelerator Programme…
Green card holders and H-1B visa holders from India are presently reluctant to leave the US. (AI image) US President Donald Trump administration’s policies are causing significant concerns not only among F-1 student visa holders, but also H-1B visa holders and even permanent residents with US green cards. The F-1 visa category serves international students,…
For the third consecutive year, India received remittances exceeding $100 billion. (AI image) Indians living abroad transferred a record $129.4 billion in 2024, with the December quarter alone accounting for $36 billion, according to the Reserve Bank of India‘s balance of payments data analysis.For the third consecutive year, India received remittances exceeding $100 billion. India…
CHENNAI: Private equity-venture capital (PE-VC) investments grew 10% during Jan-March 2025 to $7.9 billion from $7.2 billion in the year-ago period. PE investments exclude those from the real estate sector. In March, PE-VC investments stood at $2.7 billion – an increase of $500 million compared to March 2024 – Venture Intelligence data showed. Bain Capital‘s…
India’s GST revenue collection saw an increase of 9.9% year-over-year, reaching Rs 1.96 lakh crore in March. The breakdown shows Central GST at Rs 38,100 crore, whilst State GST reached Rs 49,900 crore. The Integrated GST amounted to Rs 95,900 crore, and GST cess collections totalled Rs 12,300 crore for March.Abhishek Jain, Indirect Tax Head…
Understanding these new income tax rules is crucial, as they influence tax deductions. (AI image) Income Tax Changes FY 2025-26: April 1, 2025, signals the start of the fresh fiscal year. As the new financial year begins, several new income tax regulations come into effect, including a more rationalised new income tax regime, higher basic…
Markets are on edge ahead of Trump’s anticipated Wednesday announcement of sweeping new tariffs, dubbed “Liberation Day” by the president. The S&P 500 and Nasdaq Composite just closed their worst quarter in years, hammered by investor anxiety over President Donald Trump’s escalating tariff agenda. The S&P 500 dropped 4.6%, its steepest quarterly loss since Q3…
If you are wondering how your income tax outgo will be calculated in the new income tax regime for the new financial year, here is an example. (AI image) New Income Tax Slabs FY 2025-26: From April 1, 2025, individuals selecting the new income tax regime for FY 2025-26 will not pay any tax on…
