NEW DELHI: In a bid to boost the domestic manufacturing of batteries and electronics goods, govt has waived basic customs duty on goods used in manufacture of display assemblies, lithium ion cell and inductor coil module.Among the three notifications issued by the finance ministry was one to exempt the basic customs duty (BCD) on the…
MUMBAI: Even as IPO-bound startups are pitching their high growth models to investors to seek higher valuations, the latter are in no rush to buy into their proposals. In fact, investors are increasingly becoming choosy on the valuation front, said bankers, a dampener for startups such as Zepto which had been targeting a valuation of…
NEW DELHI: Truecaller on Wednesday said users are blocking four lakh calls originating from 140-series and over 1.2 lakh calls from 1,600-series numbers everyday as it lobbied against whitelisting (verified number system).Since Oct, users have recorded 7.4 crore blocking actions on the two number series, while nearly four out of five calls from them are…
India, Australia and Canada are set to strengthen cooperation in technology and innovation, with the three countries signing the Australia–Canada–India Technology and Innovation (ACITI) Partnership Memorandum of Understanding (MOU), on Thursday.The agreement is set to boost collaboration in critical and emerging technologies while complementing existing bilateral initiatives between the three countries. The new tech triangle…
Investors assessed the latest developments following President Donald Trump’s remarks casting doubt on the temporary truce in the conflict with Iran. (AI image) Wall Street traded with little direction on Thursday, while oil prices remained relatively stable after the sharp volatility seen a day earlier, as investors assessed the latest developments following President Donald Trump’s…
Brent crude in London traded close to $79 a barrel on Thursday, taking its gain for the week to nearly 9%. (AI image) Iran has accelerated crude shipments, dispatching oil tankers carrying about 11 million barrels over the past 24 hours as tensions with the US escalate once again and President Donald Trump threatens to…
Under international law, ships are generally entitled to transit passage through straits used for international navigation. (AI image) With the Strait of Hormuz now beginning to reopen, Iran and Oman — the two nations bordering the strait — have floated the idea of introducing a permanent fee system for ships using the passage.Until the US…
The claims arose out of a road accident that occurred on 16.04.2022 near Harina Bus Stand on National Highway-6 under Kharagpur (Local) Police Station. (AI image) The Calcutta High Court has held that the mere fact that a vehicle was stationary at the time of an accident does not absolve its owner or insurer from…
Form 16 Part A contains details of tax deducted and deposited by the employer on the employee’s behalf. (AI image) ITR filing FY 2025-26: For salaried taxpayers, the process of filing income tax return or ITR begins with Form 16. It’s the most important document with comprehensive details about your salary income. The deadline to…
TCS Q1 FY 2026-27 results: Tata Consultancy Services (TCS), India’s largest IT services company, reported a 5% year-on-year increase in consolidated net profit for the first quarter. Earnings rose to Rs 13,349 crore from Rs 12,760 crore in the corresponding period last year. The company’s board also approved an interim dividend of Rs 12 per…