G7 endorses ‘side-by-side’ system replacing top-up levies (Picture credit: ANI) In a landmark development, the Group of Seven (G7) nations have agreed to exempt US-headquartered multinational corporations from key provisions of the global minimum tax agreement under a new “side-by-side” system. British businesses will also benefit from similar relief.As per news agency ANI, the new…
This is an AI-generated image, used for representational purposes only. The ministry of new and renewable energy (MNRE) has unveiled revised guidelines for its Waste-to-Energy (WtE) Programme under the National Bioenergy Programme, aiming to simplify procedures, enhance transparency, and link financial support to the actual performance of energy plants.According to a statement from the ministry,…
Representative image (Image credits: ANI) Foreign portfolio investors (FPIs) made a net investment of Rs 13,107.54 crore into Indian markets during the week of June 23 to June 27, according to data released by the national securities depository limited (NSDL). The strong inflow reflects a surge in investor confidence, with heavy buying especially on Monday…
Warren Buffett, chairman and CEO of Berkshire Hathaway (Image credits: AP) Billionaire investor Warren Buffett donated $6 billion worth of Berkshire Hathaway stock on Friday to the Bill & Melinda Gates Foundation and four family-run charities. This marks his largest annual donation since he began giving away his fortune in 2006.The donation included about 12.36…
The full retirement age (FRA) for Social Security benefits in the United States will increase to 67 starting in 2026, affecting millions of Americans planning their retirement. Those opting to retire early at age 62 could see up to a 30 per cent reduction in monthly benefits.The change stems from reforms signed into law by…
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, will begin operations in two new coal mines in Odisha’s Talcher coalfield area by FY 2029-30, adding 35 million tonnes (MT) to its reserves, a senior company official said on Friday.“We are going to start operation of the Subhadra coal mine having a reserve of…
Accelerating the rollout of plug-and-play industrial parks, improving logistics infrastructure, and targeted skilling are essential for boosting India’s manufacturing output and self-reliance, according to real estate consultancy Cushman & Wakefield.In its latest report, Elevating India’s Manufacturing Resilience: Charting the Path to Self-Reliance, based on responses from 94 senior decision-makers across India’s manufacturing and logistics sectors,…
A large volume of pre-IPO lock-in shares worth $1.86 billion is set to expire in July 2025, potentially triggering shifts in the shareholding patterns of several recently listed companies, including Jyoti CNC Automation, Unimech Aerospace, and Medi Assist Healthcare. According to a Nuvama Institutional Equities report, these lock-in expiries span both promoter and non-promoter holdings…
SoftBank-backed Meesho has secured shareholders’ approval to raise up to Rs 4,250 crore via an initial public offering, according to the company’s regulatory filing.The resolution for the IPO was passed at the Extraordinary General Meeting held on June 25, the filing by the e-commerce firm stated, as reported PTI.As per the filing dated June 27,…
The Railway Board will soon create a detailed blueprint for a modern, technology-driven system. Indian Railways is set to undertake a major upgrade of its over 100-years-old train control systems in a bid to improve operational efficiency and safety across the world’s fourth-largest railway network. The Railway Board will soon create a detailed blueprint for…
