Business News
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FD encashment cannot be taxed as fresh deposit: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that encashing a fixed deposit (FD) cannot be taxed again as an unexplained bank deposit.
Don't trust finfluencers blindly, warns SEBI chief
Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), has warned investors against the risks posed by 'finfluencers' and exaggerated return claims.
Why an expert is asking Modi to 'save Indian mica'
Raoul Prem Menon, a scientific mica expert associated with the Bureau of Indian Standards's ETD 02 committee, has sounded an alarm over India's mica exports.
Foxconn's Q3 revenue jumps 47% on AI server demand
Foxconn has reported a massive 47% year-on-year (YoY) jump in its third-quarter revenue.
83% of merchants unwilling to absorb new UPI-MDR charge: Survey
A recent survey by LocalCircles has revealed that a whopping 83% of merchants are not ready to absorb the new Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions.
UK may impose tariffs on Chinese EVs amid EU pressure
The United Kingdom is considering imposing tariffs on Chinese electric vehicles (EVs) as it struggles to balance the interests of its domestic car industry and access to the European Union (EU) market.
Flying IndiGo gets costlier from October 6
IndiGo has announced a hike in fuel charges for its domestic and international flights. The revised rates will come into effect from October 6.
RBI MPC begins: Is first rate hike since 2023 coming?
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has begun a three-day meeting today.
Euro hits 17-month low
The euro has plummeted to a 17-month low, amid fears over France's fiscal health and a major sell-off in its bond market.
Snapdeal parent AceVector lists at 11.5% discount
AceVector Ltd., the parent company of e-commerce platform Snapdeal, has made a lackluster debut on the Indian stock market.
Orient Cables lists at ₹450, 65% above IPO price
Orient Cables made a strong debut on the National Stock Exchange(NSE) today, with its shares listing at ₹450 each. This is a 65.44% premium over its initial public offering (IPO) price of ₹272 per share.
Oil prices drop as Middle East crude exports rise
Oil prices fell on Monday, with Brent crude futures dropping by $0.7 to $101.60 a barrel and US West Texas Intermediate crude declining by $0.9 to $90.15 a barrel.
Change.org invests $100M to revamp petitions platform with AI
Change.org, the popular online petition platform, has announced a major investment of around $100 million. The money will be used to revamp its core petitions platform using artificial intelligence (AI).
India-US trade talks have hit a plateau, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that the ongoing trade negotiations between India and the US have hit a plateau.
Saudi Arabia cuts oil price for Asia to 6-year low
Saudi Arabia has announced a major cut in the price of its benchmark oil grade, Arab Light crude, to Asia.
Gold prices rise on reduced Fed rate hike expectations
Gold prices witnessed a slight uptick in early Asian trading on Monday as weak US job growth figures for September have significantly reduced the chances of an interest rate hike by the Federal Reserve in October.
Anthropic eyes November IPO at $2 trillion valuation
Anthropic, the artificial intelligence company behind Claude, is gearing up for its initial public offering (IPO) as early as the week of November 9. The move could see it trading before Thanksgiving.
Sensex, Nifty rebound after longest losing streak in 25 years
India's benchmark indices, the Sensex and Nifty, opened on a positive note today. The upward movement comes after their longest weekly losing streak in 25 years.
OPEC+ likely to keep production quotas unchanged for November
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are likely to keep oil production quotas unchanged for November.
YES Bank's Q2 update: Loans up 24% to ₹3L crore
Private lender YES Bank has reported a significant growth in its loan book and deposits for the second quarter of FY2026.
Will RBI hike repo rate on October 7?
The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) will meet from October 5 to 7.
India, Canada to begin 5th round of CEPA talks tomorrow
India and Canada will start the fifth round of negotiations for their proposed Comprehensive Economic Partnership Agreement (CEPA) in Ottawa from tomorrow.
Lockheed Martin might expand Indian operations but there's a catch
Lockheed Martin, the aerospace giant, has expressed its intention to expand production capabilities in India.
Nestle's low-fat dairy whitener is 'unsafe' and 'substandard': FSSAI
The Food Safety and Standards Authority of India (FSSAI) has flagged a sample of Nestle's low-fat dairy whitener as "unsafe" and "substandard."
How Canon plans to help chip manufacturers in India
Japanese imaging and optical major Canon is planning to establish technology and service centers in India.
AWS won't use NDAs while dealing with government agencies anymore
Amazon Web Services (AWS) CEO Matt Garman has announced that the company will no longer use nondisclosure agreements (NDAs) in its negotiations with government agencies for new data centers.
IPO-bound Nscale appoints Meta veteran as operations chief
Nscale, an artificial intelligence (AI) infrastructure firm, has appointed Justin Osofsky as its new Chief Operating Officer (COO).
Foreign investors pull out ₹35,000cr from Indian equities in September
Foreign portfolio investors (FPIs) have pulled out over ₹35,000 crore from Indian equities in September.
Nayara Energy hikes petrol price by ₹5, diesel by ₹3
India's leading private fuel retailer, Nayara Energy, has announced a hike in the prices of petrol and diesel.
Jio Platforms IPO may launch on October 21
Jio Platforms, the digital arm of Reliance Industries, is gearing up for its much-anticipated initial public offering (IPO).
AI valuation correction may redirect more capital toward India: RBI
Sanjay Malhotra, the Reserve Bank of India (RBI) governor, has warned that a slowdown in the global artificial intelligence (AI) investment cycle could lead to sharp asset repricing and volatility in financial markets.
ICICI Life Insurance appoints new CEO
ICICI Life Insurance Company has announced the appointment of Sidharatha Mishra as its new Managing Director and Chief Executive Officer (CEO).
UPI transactions soar to 145B in H1 FY27
The National Payments Corporation of India (NPCI) has reported a massive jump in Unified Payments Interface (UPI) transactions.
OpenAI's head of safety systems resigns
David Robinson, the head of Safety Systems at OpenAI, has resigned from his position.
Jensen Huang becomes world's 7th-richest person as NVIDIA hits record-high
Jensen Huang, the co-founder and CEO of NVIDIA Corp. has seen his net worth surpass the $200 billion mark.
NVIDIA nears historic $6 trillion market valuation milestone
NVIDIA Corporation's shares reached an intraday high for the first time since May, before paring those gains and closing just shy of a record.
Paramount-Warner Bros. Discovery merger to create Skydance
Paramount and Warner Bros. Discovery will operate as Skydance after their merger is finalized, Paramount CEO David Ellison has announced.
Eurozone inflation jumps to 3-year high
Eurozone's inflation rate has hit a three-year high of 3.8% in September, sharply rising from August's 3.2%.
Boeing averts strike as workers approve 32% pay hike
Boeing has successfully averted a potential labor disruption after its unionized white-collar workers ratified a new contract.
Oil falls as Europe considers releasing emergency diesel stocks
Oil prices witnessed a sharp decline on Friday morning, extending losses from earlier in the session.