Buisiness

The United States has tried reaching out to China, seeking discussions over President Donald Trump’s massive 145% tariff, a social media account linked to Chinese state media has claimed.According to a Reuters report, a Weibo post by Yuyuan Tantian, claimed that “the US has proactively reached out to China through multiple channels, hoping to hold…

The government’s Budget forecasts anticipate an 11% rise in GST revenue. (AI image) GST collections hit record high! The Goods and Services Tax (GST) revenue reached a record-breaking Rs 2.37 lakh crore in April, showing a 12.6 per cent year-on-year increase, according to official government statistics released on Thursday.This surpassed the previous second-highest collection of…

Adani Ports’ operational revenue grew by 23% year-on-year to Rs 8,488 crore Adani Ports Q4 results: Adani Ports witnessed a substantial 50% year-on-year increase in consolidated net profit, reaching Rs 3,023 crore for the quarter ending March 2024, compared to Rs 2,025 crore in the previous year’s corresponding period.The company’s operational revenue grew by 23%…

Elon Musk has hit back at The Wall Street Journal after it reported that Tesla’s board is actively working to replace him as CEO. In a post on X, Musk wrote: “It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial…

ITR filing: For individuals and those not requiring account audits, the submission deadline remains July 31. New ITR forms for FY 2024-25: The Income Tax Department has issued a new ITR-1 and ITR-4 for tax filing purposes for the assessment year 2025-26, simplifying the process for individuals with long term capital gains up to Rs…

IndusInd Bank and Kotak Mahindra Bank, two leading banks of the private sector, have revised their interest rates on fixed deposits- former increasing the interest rate while the latter has reduced the interest offered on fixed deposits.The change in the interest rates are an effect of the changing market conditions and shifts in liquidity in…

Elon Musk recently announced his intention to increase his focus on managing Tesla. (AP photo) Tesla’s board members contacted multiple executive search firms approximately a month ago, seeking potential candidates to succeed Chief Executive Officer Elon Musk, according to a report by the Wall Street Journal, which cited sources familiar with the discussions.The Wall Street…

The three iPhone manufacturers in India are Tata Electronics, Pegatron and Foxconn Hon Hai. (AI image) Apple’s iPhone exports from India to the US constituted 97.6% of total iPhone exports in March 2025, rising from 81.9% in the December-February 2025 period. This shift aimed to avoid increased tariffs on Chinese imports.According to an S&P Global…

Coldplay’s Ahmedabad concerts generated Rs 641 crore economic impact (Picture credit: ANI) NEW DELHI: British rock band Coldplay’s two-night ‘Music of the Spheres’ concerts in Ahmedabad created an estimated overall economic impact of Rs 641 crore, with a direct boost of Rs 392 crore to the city’s economy, a report by EY-Parthenon and BookMyShow Live…

NEW DELHI: With US tariffs looming large over global manufacturing hubs, some multinational electronics component suppliers started coming to India for partnerships and joint ventures.Leading electronics contract manufacturersDixon Technologies and Optiemus have struck partnerships with separate Taiwanese suppliers, growing their footprint in terms of product portfolio & potential client base. The development aligns with govt’s…