NEW DELHI: Retaliating against a 2023 Supreme Court ruling related to Nestle, Switzerland has withdrawn the most-favoured-nation clause to India under the double tax avoidance agreement, a move that will hit Indian companies invested in the European nation.“For dividends due from and including Jan 1, 2025, the residual tax rate in the source State is…
MUMBAI: Three large IPOs, all of which closed on Friday, have collectively attracted investor interest worth about Rs 2.2 lakh crore. The three companies – Vishal Mega Mart, Sai Life Sciences and One Mobikwik – had set out to mobilise Rs 11,615 crore from the public, data from the exchanges showed.Of these three IPOs, the…
NEW DELHI: After months of sluggish sales, strong demand for derma and cardiac drugs drove the organised pharma retail market to double-digit growth in Nov, with heavy pollution in several parts of the country boosting Foracort sales. The medication, used for asthma and respiratory issues, topped the market in Nov with sales of Rs 82…
MUMBAI: Through its AI initiative – FinAI, a key pillar of Bajaj Finance 3.0 – the company aims to triple lead conversion rates, double back-office productivity, and boost front-line performance by 1.5 times. The company’s AI-driven transformation will integrate with its existing cloud and digital infrastructure, said Rajeev Jain, managing director of Bajaj Finance. “We’ve…
MUMBAI: Markets regulator Sebi plans to allow retail investors access to algo-based trading. Currently, only institutional investors are allowed to put in computer or algorithm-based trading, popularly called algo trading. According to market players, this could provide a level-playing field for institutional and non-institutional investors in the trading space.On Friday, Sebi floated a draft circular…
MUMBAI: Dalal Street witnessed huge volatility on Friday, with the sensex swinging over 2,100 points in intraday trades and finally closing 843 points up at 82,133 points – a two-month closing high. The day’s gains came on the back of strong foreign fund buying at Rs 2,335 crore, BSE data showed.The sensex opened Friday’s session…
NEW DELHI: Seeking to balance the rights of an accused with the gravity of offence he has been charged with, Supreme Court on Friday granted prospective bail to former Bengal education minister Partha Chatterjee from Feb 1 in a money laundering case related to the teachers recruitment ‘scam’ and directed the trial court to decide…
Can’t fix blame on one person, says Telugu film industry HYDERABAD: Telugu film industry came out Friday in support of Allu Arjun, saying he alone could not be held responsible for the Dec 4 theatre stampede that left a woman dead.Writer-director Trivikram Srinivas went to Nampally criminal court where Allu was produced after his arrest…
Nearly 400 passengers who were supposed to travel from Istanbul to Delhi and Mumbai on IndiGo flights have been stranded at the Turkiye airport for almost two days now.Passengers have now taken to social media to recount their experience. While they were supposed to travel to Delhi (6E12) and Mumbai (6E18) on Wednesday night, queries…
NEW DELHI: Former CJI D Y Chandrachud came in for stinging criticism from Sena UBT, which accused him of “doing nothing about violation of anti-defection law over the split in the party”. The remarks about “defilement” of the Constitution came amid comments from other parties that there were serious questions about the independence of judiciary…
