Buisiness

MUMBAI: The rupee’s rally on Monday saw the domestic currency erase its 2025 losses as corporates repatriated dollars and foreign inflows returned to bonds and equities. The rupee touched 85.5 against the dollar intraday, its highest level since late 2024, before settling at 85.64, up 33 paise from Friday.The rupee extended its winning streak to…

MUMBAI: Tourist visa applications for summer 2025 have witnessed an unprecedented 68% increase compared to the previous year, according to recent data from visa processing platform Atlys. This dramatic surge reflects a fundamental shift in how Indians view international travel, with vacation plans becoming a lifestyle priority rather than a luxury, it said.The platform reports…

MUMBAI: Low-cost carrier IndiGo has launched two flights connecting beach destinations to cities, with the first launch happening this past weekend with flights from Mumbai to Seychelles and the other on set to happen on April 1 when the airline will have direct flights connecting Bhubaneshwar and Goa.The flight to Goa from the east coast…

MUMBAI: Sebi on Monday said it’s setting up a high-level committee of eminent people, independent of the regulatory body, to review provisions related to governance, conflict of interest and disclosures about holding of assets by its board members. The move comes close on the heels of allegations of conflict of interest against former Sebi chief…

MUMBAI: RBI has revised priority sector lending norms, effective from April 1, to boost credit flow to key economic segments by increasing loan limits, expanding eligibility criteria, and raising targets.The new norms have higher home loan limits and increased property cost ceilings across all categories. In cities with a population of at least 50 lakh,…

NEW DELHI: Govt proposes to abolish the 6% equalisation levy or digital tax on online advertisements from April, a move that will benefit advertisers on digital platforms, such as Google and Meta.The move is part of the amendments proposed by FM Nirmala Sitharaman and comes at a time when India and the US are engaged…

Mahila Samman Savings Certificate scheme maintains strict eligibility criteria, permitting only women and girls to participate. (AI image) Mahila Samman Savings Certificate is a government-endorsed post office small savings scheme created exclusively for women and girls, offering them a reliable and beneficial investment avenue. This initiative, introduced to strengthen financial inclusion and women’s economic independence,…

This is an AI-generated image, used for representational purposes only. (Picture credit: DALL-E) The Australian government has unveiled its 2025-26 federal budget, focusing on cost-of-living relief, tax cuts, and support for households, students and businesses.With a general election approaching, Australia’s treasurer Jim Chalmers introduced several measures aimed at easing financial pressure on Australians while addressing…

Tesla sales in the European Union dropped sharply in the first two months of the year, as Elon Musk’s politics and outdated models may be driving consumers away.According to the European Automobile Manufacturers’ Association (ACEA), Tesla’s new registrations declined by 49 percent to 19,046 units in the first two months compared to the previous year’s…

WTO data indicates the U.S. trade-weighted average tariff stands at 2.2%, whilst India’s is 12. (AI image) India is willing to reduce tariffs on over 50% of American imports valued at $23 billion during the initial stage of a trade agreement under negotiation between the two countries, two government officials told Reuters. This significant reduction…