NEW DELHI: If anyone can stake claim to putting India on four wheels and producing the people’s car Maruti 800, it is Osamu Suzuki, known for his hard-nosed business acumen as much as his no-nonsense attitude and frugal mindset.Suzuki (senior advisor, Suzuki Motor Corporation and former chairman, Suzuki Motor corp), who died on Dec 25…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Friday suspended the director training and director operations of Akasa for six months each and “advised” the airline to nominate “suitable candidate(s)”, meaning find replacements for these crucial positions. The action came after a DGCA audit at Akasa’s Mumbai facility on October 7, 2024, found…
MUMBAI: In 2023-24, banks reported the lowest amount involved in frauds in 10 years. The average amount per fraud was the lowest in 16 years. In the first half of FY25, however, there has been an 8x increase in the fraud amount to Rs 21,397 crore.The fraud numbers are based on the date of reporting….
NEW DELHI: The combination of monetary policy stance and macroprudential measures by the central bank, and structural factors, may have contributed to slowdown in demand, a finance ministry report said on Thursday in the latest sign of divergent views between North Block and the Reserve Bank of India (RBI) over growth and inflation. This is…
NEW DELHI: The Supreme Court has ruled that banks can charge interest rates exceeding 30 per cent on credit card dues, overturning a sixteen-year-old verdict by the National Consumer Disputes Redressal Commission (NCDRC), which had deemed such charges an unfair trade practice.A bench of Justices Bela M Trivedi and Satish Chandra Sharma stated that the…
NEW DELHI: India is considering cutting income tax for individuals making up to Rs 15 lakh a year in February’s budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high…
Representative photo (AI image) NEW DELHI: Indian stock markets opened marginally higher on Thursday, a day after being closed for the Christmas holiday. However, the chances of a sustained year-end rally appear dim amid persistent market pressures.The BSE Sensex opened at 78,877.12, gaining 404.25 points or 0.52% at 09:23 am. While the Nifty 50 index…
World Bank chief economist Indermit Gill believes there are several things going for India – from the demographics to geopolitics and from a large domestic market to low debt levels in the private sector. He tells TOI in an interview that India should seek to push its potential growth from 6% to 8% by focusing…
In 2025, there are fewer trading holidays, with 14 scheduled closures compared to 16 in the current year. (AI image) Stock market holiday today: Stock markets will not open for trading on Wednesday, December 25 for Christmas celebrations. This closure applies to all market segments, including equity like BSE Sensex and Nifty50, derivative, and SLB…
NEW DELHI: The need to get back to 7-8% growth against the backdrop of global challenges, geopolitical tensions and to ensure that the country remains on track to reach developed nation status by 2047 dominated deliberations at a meeting of economists with PM Modi Tuesday.At pre-Budget consultations under the theme – ‘Maintaining India’s growth momentum…
