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Business / The Hindu

Sensex drops 312 points on selling in consumption stocks ahead of RBI policy

Stock markets close lower as investors turn cautious ahead of RBIs monetary policy decision amid trade war concerns

5 Feb 2025 5:08 pm
India accuses Kia of evading taxes of $155 mln in VW-like dispute

Tax officers sent a confidential notice to Kia's Indian unit in April 2024, flagging alleged tax evasion of 13.5 billion rupees, according to a government notice Reuters is reporting for the first time

5 Feb 2025 4:54 pm
Rupee falls 39 paise to close at all-time low of 87.46 against U.S. dollar

Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled the impact of tariffs being imposed by the United States and China

5 Feb 2025 4:22 pm
Irans currency plunges to record low after Trump orders restart of maximum pressure campaign

Irans rial currency plunged Wedenesday to a record low of 850,000 to $1 after U.S. Preisdent Donald Trumps order to restart a maximum pressure campaign targeting Tehran

5 Feb 2025 3:51 pm
Nobody paid anything to work with us: Zomato CEO's hiring update on Chief of Staff post

With 18,000+ applications, we're still carefully sifting through this amazing talent pool. This isn't just a one-time hiring sprint, it's a long-term investment in the people who will build the future with us, says Deepinder Goyal

5 Feb 2025 2:19 pm
Bombay HC to hear Volkswagen India's plea against $1.4 bn tax notice on Feb. 17

The Volkswagen group, currently led in the country by Skoda Auto Volkswagen India, has been accused of using a strategy to break down imports of some VW, Skoda and Audi cars into many individual parts to pay a lower duty

5 Feb 2025 1:49 pm
Gold demand in India sees 5% rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC

The total gold demand value went up by 31% at 5,15,390 crore in 2024, compared to 3,92,000 crores in 2023

5 Feb 2025 1:39 pm
India's services sector growth sees slowest pace of growth in over two years in January: PMI

The survey noted that ongoing improvements in new business intakes and rising capacity pressures prompted service providers to recruit additional staff at the start of the last fiscal quarter.

5 Feb 2025 11:51 am
Bengal Global Business Summit 2025: Mukesh Ambani, Sajjan Jindal to attend, says CM Mamata Banerjee

The Chief Minister, however, expressed doubts whether Tshering Tobga, Prime Minister of Bhutan who had confirmed the participation in the business summit in October last year, would attend the event or not

5 Feb 2025 11:29 am
Rupee falls 9 paise to 87.16 against US dollar in early trade

Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled the impact of tariffs being imposed by the United States and China.

5 Feb 2025 11:01 am
Minister Laxmi Hebbalkar helps farmer facing alleged harassment by microfinance company in Belagavi district

She helped Basavaraja Maruti Kondaskoppa who had taken loans totalling 7 lakh from a private financial institution

5 Feb 2025 10:38 am
Markets trade higher in early trade on fresh foreign fund inflows

From the 30-share blue-chip pack, IndusInd Bank, Zomato, Tata Motors, Power Grid, NTPC, and Infosys were among the major gainers.

5 Feb 2025 10:26 am
China launches an antitrust probe into Google

The Chinese governments move to open an antitrust probe into Google is the latest development in a long and entangled relationship that goes back to the early 2000s

5 Feb 2025 9:51 am
Elon Musks claims of harm from OpenAI are a stretch but judge welcomes possible trial

U.S. District Judge Yvonne Gonzalez Rogers said it was a stretch for Musk to claim he will be irreparably harmed if she doesn't intervene to stop OpenAI from moving forward with its transition from a nonprofit

5 Feb 2025 9:34 am
How beggar-thy-neighbour policies can make global trade come to a standstill

The term is attributed to Scottish economist Adam Smith who first used it in his book in 1776. A trade war in which a government imposes heavy tariffs and strict quotas on the import of foreign goods into the country is the most common example of beggar-thy-neighbour policies

5 Feb 2025 8:30 am
Why the tax cuts are a one way gamble

In a world where expenditure by the government is directly linked to tax revenue, any shortfall on the tax side will show up on the expenditure side as well. Despite the fall of 8% in the effective tax rate, the Budget has estimated direct tax collection to go up by 14%

5 Feb 2025 8:30 am
Allocation for cotton in Budget insufficient, say farmers

Dilip Thakare, a cotton farmer, emphasised that the average age of people working on farms is about 50-60 years. Their children had already graduated, given up on farms and had moved out in search of employment. Lack of labour he says is a reason to introduce mechanised farming

5 Feb 2025 6:44 am
Monetary and fiscal policies need to work in tandem

Ahead of RBIs monetary policy review, Finance Secretaryindicates that growth impulses would get a bigger boost if interest rates are reduced

4 Feb 2025 10:54 pm
Codissia and Georgia Indo Chamber of Commerce renew agreement to promote business opportunities

There are tremendous opportunities for businesses in Coimbatore when they set up operations in Georgia and it offers labour incentives too

4 Feb 2025 9:07 pm
Increase in FDI limit in insurance sector to woo more foreign players: Moody's

Moody's believes that the reduction in personal income tax will have positive trickle-down effects for the insurance sector.

4 Feb 2025 5:44 pm
Over 17,600 companies shuttered, 1.38 lakh companies registered this fiscal: Government data

The data was shared by Minister of State for Corporate Affairs Harsh Malhotra to the Rajya Sabha as part of a written reply on February 4

4 Feb 2025 4:46 pm
Rupee recovers 3 paise from all-time low to close at 87.08 against U.S. dollar

Rupee recovers 3 paise against U.S. dollar as Trump pauses tariffs, RBI meeting ahead, manufacturing sector grows

4 Feb 2025 4:37 pm
Stock markets stage sharp recovery as Trump delays tariffs on neighbours; Sensex jumps 1,397 points

Sensex jumped 1,397.07 points or 1.81% to settle at a month's high of 78,583.81. Nifty soared 378.20 points or 1.62% to 23,739.25, a level not seen since January 3.

4 Feb 2025 4:30 pm
Hindenburg's Nate Anderson says stands by Adani report, closure not due to any threat

Nate Anderson appears to be wanting to move on, having achieved what he and his colleagues wanted

4 Feb 2025 3:02 pm
BMC presents over 74,000 crore budget for 2025-26

According to BMC commisioner, Bhushan Gagrani, this is the biggest budget presented by the BMC till date.

4 Feb 2025 2:17 pm
CFTRI announces food hackathon for aspiring student entrepreneurs

The hackathon invites students to apply their creativity, problem-solving abilities, and technical expertise to real-world challenges in food technology, food science and nutrition, agricultural technology, and post-harvest technology

4 Feb 2025 1:48 pm
Dellis ending its hybrid work policy next month, asks employees to return to office: Report

Dell CEO Michael Dell hailed the power of human interactions when compared to email exchanges, with the companys hybrid work policy due to end on March 3

4 Feb 2025 1:45 pm
China imposes tariff on U.S. coal, oil, vehicles

The government said that it would implement 15% tariff on coal and LNG products and 10% on crude oil, agricultural machinery, large-displacement cars

4 Feb 2025 11:33 am
Markets bounce back in tandem with rally in Asian peers

Imposition of tariffs on Canada, Mexico and China by the Trump administration fanned fears of trade war and had resulted in markets' decline

4 Feb 2025 11:17 am
Rupee recovers 13 paise from its all-time low against dollar

Forex traders said the US dollar index, which had surged past 109.88 level, retreated to 108.74 after Trump announced the temporary pause on tariffs.

4 Feb 2025 10:58 am
Funds to railway in West Bengal has been increased three times since Mamata was Minister: Vaishnaw

Railway Minister Ashwini Vaishnaw urged Chief Minister Mamata Banerjee to help the Railways in land acquisition in West Bengal

4 Feb 2025 10:57 am
How will the govt. produce the required fuel ethanol? | Explained

Does Indias ethanol distillery industry have the capacity to produce nearly 1,100 crore litres of fuel ethanol? Why have maize imports increased substantially in the past year?

4 Feb 2025 8:30 am
Delhis gender budget: its decline and impact

While freebies and cash transfers, just before the election, can bring in immediate relief to families, what the women voters of Delhi really need are concrete steps that can enable systematic growth in the economic and social empowerment of women

4 Feb 2025 8:30 am
Some wind behind the sails of Indias shipping industry

The Union Budget appears to have met most of the shipping industrys demands; but it has missed an opportunity to address tax disparities

4 Feb 2025 12:16 am
The kind of jobs needed for the Viksit Bharat goal

Long-term structural reforms must result in climate-resilient, AI-resilient and aspiration-centric jobs

4 Feb 2025 12:08 am