Buisiness

The UPS operates as a contributory fund with both subscriber and government contributions. (AI image) Unified Pension Scheme (UPS) The PFRDA has issued a gazette notification, introducing comprehensive guidelines for implementing the Unified Pension Scheme (UPS). Starting April 1, 2025, this scheme will be available as an alternative for central government employees currently enrolled in…

NEW DELHI: The combined market capitalisation of nine of India’s top-10 most-valued companies rose by Rs 3,06,243.74 crore last week, driven by a strong rally in equities. ICICI Bank and Bharti Airtel recorded the highest gains.The surge followed an upbeat week in the stock markets, with the BSE Sensex climbing 3,076.6 points (4.16 percent) and…

PLI Scheme (Image for representation) NEW DELHI: Govt has disbursed around Rs 14,020 crore under its production-linked incentive (PLI) schemes for 10 sectors which include large-scale electronics manufacturing , IT hardware, bulk drugs, medical devices, pharmaceuticals, telecom and networking products, food processing, white goods, automobiles and auto components, as well as drones and drone components,…

MUMBAI: Sebi chief Tuhin Kanta Pandey said Saturday there was no need to change taxation laws for foreign portfolio investors as India has delivered double-digit returns in dollar terms and policy certainty is essential. Pandey emphasised Sebi’s focus on trust, transparency, and technology while highlighting the need for balanced regulation. He said Sebi would continue…

NEW DELHI: Govt on Saturday announced scrapping of export duty on onions, a move that will bring relief to farmers and exporters who have been demanding the same due to bumper production. The ‘nil’ export duty will come into effect from April 1. Currently, there is a 20% duty on outbound shipment of onions.Revenue department…

NEW DELHI: A consignment of 30 tonne GI-tagged jaggery from Muzaffarnagar in Uttar Pradesh has been shipped to neighbouring Bangladesh, an official statement said Saturday. Muzaffarnagar is renowned for its high-quality sugarcane. Jaggery produced here and in Shamli is in high demand in global markets.GI is an agricultural, natural or a manufactured product from a…

NEW DELHI: Intelligence officers of GST have blocked 357 websites of illegal offshore online gaming entities and attached 2,400 bank accounts in the latest crackdown on the segment, the finance ministry said on Saturday.The action was carried out by Directorate General of Goods and Services Tax Intelligence (DGGI), which has 700 offshore entities in e-gaming…

NEW DLEHI: US President Donal Trump’s The Trump Organisation’s has now entered the commercial real estate space in India, after multiple residential projects. “Excited to announce the newest addition to the Trump portfolio: Trump World Center Pune! This marks The Trump Organisation’s first venture into commercial real estate in India, joining its extensive collection of…

MUMBAI: L&T plans to raise Rs 12,000 crore through debt instruments for its financial requirements while announcing organisational modifications at the $27-billion company. It will explore non-convertible debentures, external commercial borrowings, and term loans, with detailed terms to be disclosed upon finalisation.On Friday, Subramanian Sarma, who currently leads the energy unit, was promoted to the…

MUMBAI: IndusInd Bank‘s board has decided to appoint an external agency to conduct a comprehensive investigation into discrepancies identified in its derivative portfolio.On March 10, the bank disclosed that there was an ongoing review by an external agency regarding certain discrepancies in its account balances related to derivative transactions. The bank said any resultant impact…