Buisiness

Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and global investment giant BlackRock, has received regulatory approvals to commence its investment advisory operations in India, the company announced on Wednesday.The Securities and Exchange Board of India (Sebi) and BSE Ltd have granted approval for JioBlackRock to operate as a Registered Investment…

The Indian automobile industry faces potential production challenges. (AI image) China’s hold on rare earth magnets has left the Indian auto industry worried. A contingent of automotive industry delegates is preparing to visit China to facilitate rare earth magnet imports for Indian companies, according to industry insiders.The Indian automotive sector has been compelled to take…

The United States, long the engine of global crude supply growth, is expected to face a steeper-than-expected slowdown in production growth in 2025 and a sharper decline in 2026, according to S&P Global Commodity Insights’ latest short-term outlook.The report warns that the US will be “disproportionately impacted” by a looming global oil surplus and weakening…

US stocks steadied on Wednesday as a new inflation report suggested President Donald Trump’s sweeping tariffs have not significantly driven up prices—at least for now. The S&P 500 inched up by less than 0.1% in early trading, while the Dow Jones Industrial Average dipped 23 points and the Nasdaq composite rose 0.2% at initial minutes…

ITR Filing: Under the new tax regime, standard deduction from salary has increased to Rs 75,000 from Rs 50,000. (AI image) ITR filing FY 2024-25: By June 15, 2025, employers must issue Form 16 to their salaried taxpayers for the fiscal year 2024-25. This year’s Form 16 will have several modifications based on the amendments…

Dream11 CEO Harsh Jain said he wants to be among the first to buy a Tesla when it finally launches in India after he earlier called out Elon Musk and his EV maker for how they’ve handled the delay. Jain criticised Tesla for refunding early reservation fees without honouring priority slots, saying the move is…

To curb fraud and bolster investor trust, Sebi has mandated a new Unified Payments Interface (UPI) payment structure for all registered market intermediaries collecting funds from investors. The mechanism will go live from October 1, 2025, Sebi Chairperson Tuhin Kanta Pandey announced on Wednesday, reported PTI.The new UPI address framework is aimed at combating impersonation…

India has posted the world’s fastest growth in social protection coverage over the last decade, expanding its reach from just 19% of the population in 2015 to 64.3% in 2025, according to data released by the International Labour Organization (ILO).Labour Minister Mansukh Mandaviya, speaking in Geneva at the 113th session of the International Labour Conference…

India’s artificial intelligence (AI) industry is poised for a threefold expansion by 2027, reaching $17 billion, as enterprises shift from pilots to scalable deployments, according to a new report by Boston Consulting Group (BCG).The report noted that AI has evolved into a core business imperative in India, accelerating decision-making, driving innovation, and expanding market access…

This is representative AI image China has created the world’s largest high-speed rail network in just 15 years. China has rapidly built 47,000 kilometers of high-speed tracks, connecting nearly every major city. With trains running above 300 km/h, journeys like Beijing to Shanghai now take just over three hours. Backed by domestic innovation and global…