India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable…
Wall Street stocks traded flat on Monday as investors watched closely for signs of progress in trade talks between the US and China, the world’s two largest economies.The S&P 500 remained flat, trading at a gain of 0.2%, up 1.43 points reaching 6,001.79. The Dow Jones Industrial Average slipped 62.21 points or 0.15%, trading at…
ITR filing. A proper understanding and appropriate response to these notices can help you avoid penalties, conserve time and remain stress-free. (AI image) ITR filing FY 2024-25: As the Income Tax Return filing season for FY 2024-25 (AY 2025-26) begins, it’s important to understand that merely filing your ITR does not end your responsibility. In…
Automaking giant Tata Motors is planning massive investment plans for the future, earmarking Rs 33,000 crore to Rs 35,000 crore for FY 26-30 on product actions. The Mumbai-headquartered company is targeting 30 product actions, including the launch of seven new models, as it looks to sharpen its competitive edge in India’s fast-evolving passenger vehicle (PV)…
NEW DELHI: Rapido, the ride-hailing platform, is set to shake up the food delivery market by partnering with restaurants at commission rates nearly 50% lower than those charged by major players Swiggy and Zomato, according to sources familiar with the matter.The collaboration with the National Restaurants Association of India (NRAI) indicates that Rapido will implement…
The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of…
Shein’s initial strategy involves featuring Indian-manufactured clothing on their US and British e-commerce platforms. (AI image) Shein, in collaboration with Reliance Retail, aims to significantly broaden Indian manufacturing network and start international sales of Shein-branded apparel produced in India within six to 12 months. The e-commerce company, which originated in China but is now based…
Mumbai train tragedy (left) and AI generated image (right) NEW DELHI: The Indian Railways announced on Monday that all new rakes being manufactured for Mumbai’s suburban network will be equipped with automatic door-closing mechanisms to prevent passengers from falling from moving trains.All rakes under manufacturing for Mumbai Suburban will have automatic door closer facilities, the…
GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics. (File photo of Tejas) IAF’s fifth-generation stealth fighter project: US’ General Electric (GE) has said that it is ‘very interested’ in making engines for India’s fifth-generation stealth fighter project. It will compete to manufacture engines for the Indian Air…
Oil prices remained steady on Monday following last week’s gains, as markets awaited the outcome of renewed US-China trade negotiations in London. Brent remained above $66 per barrel following a 4% increase last week, with West Texas Intermediate hovering near $65.US and Chinese negotiators are scheduled to meet in London on Monday for the first…
