MUMBAI: The current frenzy in the IPO market in India, Bajaj Group reputation and the strong fundamentals of Bajaj Housing Finance combined to set a few new records for the primary market on Wednesday.As the Rs 6,560-crore IPO for Bajaj Housing Finance closed in the evening, there were about 89 lakh investors who had shown…
MUMBAI: The UK govt will give 500 million pounds to Tata Steel to construct a greener electric furnace at the Port Talbot site in Wales, with the Indian company paying 750 million pounds. While the previous UK govt led by the Conservative party had agreed to give 500 million pounds to Tata Steel, no deal…
NEW DELHI: The rush to beat the deadline for higher US tariffs on Chinese goods has aggravated a container shortage in India as several empty ones were shipped to China as its exports to US are getting front-loaded. The Biden administration had announced its decision to impose higher tariffs on several Chinese goods – ranging…
Equity benchmark indices opened lower on Wednesday, breaking a two-day winning streak, as selling pressure in Tata Motors and weak trends in Asian markets weighed on sentiment. At 11:00 AM, the BSE Sensex was up 79 points, or 0.10 per cent, at 82,000, while the Nifty50 was at 25,066, lower by 25 points, or 0.1…
New Delhi: Government is backing greater transparency for credit card and other digital payment methods, while seeking to balance the interests of the payment and fintech industry, a senior official said on Tuesday. As part of its efforts to crack down on terror finance and money laundering, the Financial Action Task Force (FATF) has proposed…
BENGALURU: The income tax department has been sending notices of unpaid TDS (tax deducted at source) to former employees of edtech firm Byju’s over the last 10 days.Several employees have confirmed to TOI about receiving these notices through email and courier. ” I am sure over 6,000 former or current employees have got this demand…
NEW DELHI: The new iPhone is here, and it’s cheaper this time when it comes to higher-end Pro models, which will be manufactured in India for the first time. Coming to non-Pro devices, the entry-level iPhone 16 will cost you Rs 80,000, while the ‘Plus’ version will come for Rs 90,000.The Pro versions are priced…
NEW DELHI: External Affairs Minister S Jaishankar stated on Tuesday that India is not “closed to business from China”, but the issue lies in determining which sectors the country will engage with Beijing and on what terms.Relations between the two nuclear-armed Asian giants have been at odds ever since the deadly Galwan clash in 2020….
HYDERABAD: US aerospace giant Lockheed Martin and Tata Advanced Systems Limited (TASL) on Tuesday said they have entered into a teaming agreement to expand their business relationship through the C-130J Super Hercules tactical airlifter.The agreement will provide a framework for collaboration on future potential business opportunities to include the setting up of a maintenance, repair…
NEW DELHI: The GST Council on Monday reduced the levy on some cancer drugs and travel by helicopters on a ‘seat-share basis’ to 5%, and lowered the tax on namkeen (fried snacks) from 18% to 12%. It also agreed to Centre’s proposal to exempt research and development (R&D) funded by private and public sources, including…
