Hennes & Mauritz (H&M), the fast-fashion retailer that’s been listed on the Swedish stock market since 1974, is steadily moving back towards private ownership. The founding family has stepped up purchases of H&M shares, spending more than $6.6 billion since 2016 to amass nearly two-thirds control and fuelling speculation it could take the Stockholm-based company…
NEW DELHI: Reserve Bank of India (RBI) deputy governor T Rabi Sankar was Saturday appointed as a part time member of the 16th Finance Commission, a finance ministry statement said. He will hold office from the date of assuming charge until the submission of the commission’s report or Oct 31, 2025, whichever is earlier.Sankar’s appointment…
The unlikely political marriage between US President Donald Trump and Tech billionaire Elon Musk has ended in a fiery public divorce with Tesla’s shares paying the price. The fallout began after Musk openly slammed Trump’s new tax-and-spending bill on social media. In response, Trump fired back, threatening to cut off government contracts for both Tesla…
US President Donald Trump on Friday signed three executive orders aimed at enhancing drone security and promoting future air technologies, including electric air taxis and supersonic commercial aircraft, the White House announced.The new orders will allow drones to operate beyond the visual line of sight of their operators—an important step toward enabling widespread commercial drone…
The scheme awards 700 points (Rs 700) for each interview conducted. (AI image) Infosys, India’s second-largest software company, has launched a new initiative offering cash rewards to senior staff members who participate in lateral recruitment interviews, aiming to enhance staff engagement.The Bengaluru-based IT firm has introduced this incentive-driven scheme for the first time. The cash…
In a move to bolster digital consumer protection, the Central Consumer Protection Authority (CCPA) has directed all e-commerce platforms to conduct self-audits within three months to identify and eliminate “dark patterns” — manipulative interface designs that mislead users into unintended actions.Issuing an advisory on Saturday, the Consumer Affairs Ministry said platforms must evaluate their digital…
NEW DELHI: Foreign Portfolio Investors (FPIs) displayed negative investment patterns in the stock market during the initial week of June. FPIs withdrew a total of Rs 8,749 crore from equities between June 2 and June 6, according to NSDL data. This shows that FPIs remained net sellers in the stock market for most of the…
Starting with the July 2025 tax period, Goods and Services Tax (GST) returns will become time-barred after three years from the original due date, the GST Network (GSTN) said in an advisory issued Saturday. This means taxpayers will no longer be able to file monthly or annual returns beyond that window, with the restriction set…
Eminent economist S Mahendra Dev has taken charge as Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), marking the end of a leadership vacuum at the top of the advisory body since last November.Dev, former Vice Chancellor of the Indira Gandhi Institute of Development Research, succeeds Niti Aayog Vice Chairman Suman Bery,…
As artificial intelligence and automation continue to reshape industries, the real challenge lies not in job displacement but in ensuring fair access to the wealth created by machines, Zoho cofounder Sridhar Vembu has said.In a hypothetical future where software development becomes fully automated—a possibility Vembu believes is still distant—millions of engineers could lose their jobs….
