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  • India needs to cut tariffs for its own good: Niti Aayog CEO BVR Subrahmanyam
    on February 21, 2025 at 1:26 pm

    NITI Aayog CEO BVR Subrahmanyam emphasizes the need for India to reduce tariffs and complete trade agreements with major economies. He advocates for deregulation, skilling, and integrating into global supply chains. Highlighting the importance of prioritizing manufacturing, education, and agriculture, he stresses the need for reform and enterprise-friendly policies at both central and state levels.

  • RBI DG asks entities to guard against reckless financialisation
    on February 21, 2025 at 12:55 pm

    Reserve Bank Deputy Governor M Rajeshwar Rao has warned financial sector entities to avoid reckless financialisation amid rising unsecured lending and derivative euphoria. Rao emphasized the need for financial literacy and balanced regulation to prevent systemic risks and ensure long-term financial security.

  • Monarch Networth Capital settles violation of stock brokers' rule with Sebi
    on February 21, 2025 at 12:31 pm

    Monarch Networth Capital Ltd settled with Sebi after paying Rs 11.37 lakh for an alleged stock brokers' rule violation. The settlement was made following an investigation into trades of Atlantaa Ltd, revealing the broker's lax due diligence and involvement in facilitating fraudulent trades.

  • Google fined multiple times by Russia for content violations in 2024
    on February 21, 2025 at 12:12 pm

    The fines were issued due to Google's failure to remove extremist content, fake news and materials calling for mass unrest from its video-sharing platform YouTube. Google was also fined for content related to VPN services and other illegal materials.

  • Religare appoints Rajender Malla and Shrikant Somani as Independent Directors
    on February 21, 2025 at 11:20 am

    Religare Enterprises has appointed Rajender Mohan Malla and Shrikant Shreeniwas Somani as Independent Directors, strengthened its compliance by naming JC Bhalla & Company as Statutory Auditors and Anuj Jain as Compliance Officer. Additionally, Dabur’s founding family gained control of the company, and its shares surged over 13%.

  • Bullish on AI, Fulcrum Digital to increase global workforce to 3,000 in two years
    on February 21, 2025 at 11:03 am

    Further, in 2025, the company aims to scale its Al ecosystem to 10,000 Al agents, from about 170 currently.

  • AI can help produce more electricity, fuels: Honeywell
    on February 21, 2025 at 9:16 am

    AI, through machine learning and data analytics, is revolutionizing energy production, management, and consumption by enhancing power output, safety, and efficiency. Honeywell's Anant Maheshwari highlights AI's role in accelerated job training, increased productivity, and promoting innovation in new energy sectors. India's rapid growth market sees significant implementation of these advanced technologies.

  • Bajaj Electricals gets Rs 14.08 cr demand from GST authority in Punjab
    on February 21, 2025 at 8:53 am

    Bajaj Electricals Ltd has received a notice from the GST authority in Punjab demanding Rs 14.08 crore for alleged mismatches in input tax credit for FY 2020-21. The company is considering legal options, including an appeal, and reports no impact on its financial operations.

  • Airbus to sign deal with Spirit Aero in weeks: CFO
    on February 21, 2025 at 8:32 am

    Boeing has said it would buy back its former subsidiary Spirit Aero, which is a critical supplier to Boeing, for $4.7 billion in stock.

  • Q-com gears up for a busy summer of ice creams and ACs
    on February 21, 2025 at 7:59 am

    With summer arriving early in parts of India, quick commerce companies are gearing up for a long season, which is typically deemed critical for 10-minute delivery operations. While some quick commerce companies adjust procurement contracts for fruits, vegetables, and other perishables that spoil rapidly in high temperatures, others are exploring ways to enhance cooling solutions at dark stores.

  • Indian semicon firms see little impact of Trump's tariff threat
    on February 21, 2025 at 7:41 am

    The Trump's administration's proposed 25% tariff on semiconductor imports is likely to impact the global chip industry.

  • Trump has a $700 billion plan to abolish income tax and replace IRS
    on February 21, 2025 at 7:20 am

    The Trump administration aims to abolish the IRS and replace it with a tariffs-based revenue system, potentially generating $700 billion annually. Commerce Secretary Lutnick explains that tariffs on items like cruise ships, supertankers, and foreign alcohol could fund the government, reduce the deficit, and lower taxes, though economists debate the plan’s feasibility.

  • Prime Minister Internship Scheme reopens for applications for round 2 of pilot phase
    on February 21, 2025 at 7:00 am

    More than 300 top companies across sectors including Oil, Gas & Energy, Banking & Financial Services, Travel & Hospitality, Automotive, Metals & Mining, Manufacturing & Industrial, Fast-Moving Consumer Goods (FMCG) and many more have offered internship opportunities to Indian youth to gain real-world experience, network with professionals and enhance their employability.

  • Meta reduces stock options for staff despite trading at record highs: Report
    on February 21, 2025 at 6:46 am

    The exact reduction will depend on where the employees are based and their level within the organization, the report said.

  • India Feb business growth at 6-month high, fueled by services and jobs surge, PMI shows
    on February 21, 2025 at 5:49 am

    Growth in India's private sector surged in February, driven by a significant rise in services activity. The HSBC India Composite PMI rose to 60.6, with job creation reaching a record high. Businesses were able to pass on rising input costs, contributing to the overall positive economic outlook despite global risks.

  • Low investments in cybersecurity expose financial sector to threats: Experts
    on February 21, 2025 at 5:32 am

    Cyberattack vulnerability in Asia-Pacific's financial sector is double the global average due to inadequate cybersecurity investments. With the introduction of the "bank.in" domain by the RBI, banks face increased risks during the migration process. Increased phishing attacks and data breaches underscore the need for robust cybersecurity measures.

  • India's GDP growth to slow to 6.4 pc in 2025: Moody's Analytics
    on February 21, 2025 at 5:17 am

    India's growth is anticipated to decelerate to 6.4% in 2025 from 6.6% in 2024, due to new US tariffs and weaker global demand affecting exports, according to Moody's Analytics. The report highlights a broader slowdown in the Asia-Pacific region, with China’s GDP growth also decreasing.

  • BSE unit ICCL demand Rs 100 crore from NSE
    on February 21, 2025 at 5:15 am

    ICCL has demanded Rs 100 crore from NSE as pending clearing and settlement dues since September 2022. NSE disputes overcharges, claiming Rs 51 crore refund is pending. Meanwhile, NSE Clearing seeks Rs 104 crore from BSE for the Settlement Guarantee Fund. SEBI is aware of the dispute under the interoperability framework.

  • Rupee rises 14 paise to 86.50 against US dollar in early trade
    on February 21, 2025 at 4:42 am

    Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 106.41.

  • Does the new Income Tax Bill 2025 pave way for double taxation of dividends?
    on February 21, 2025 at 3:14 am

    The New Tax Bill has omitted section 80 M of the Income Tax Act 1961 that deals with dividend taxation for a holding company. This section allowed a parent company to claim a deduction on dividends received from its subsidiary before distributing them to shareholders, thereby avoiding double taxation. Moreover, the new provisions may create interpretational gaps, leading to legal ambiguities that could increase litigation