NEW DELHI/MUMBAI: Public and private sector mining companies are staring at Rs 1.5 lakh crore arrears after the Supreme Court on Wednesday allowed states to collect royalty and tax on mineral-bearing land retrospectively from April 1, 2005.Govt sources said the judgement’s impact on the sector and its investment prospects as well as policy issues will…
NEW DELHI: An Air India Boeing 777 (VT-ALX) with about 310 people on board had an issue with its cabin de-pressurisation on Wednesday after taking off from Mumbai for London and safely returned to the origin. Flight tracking sites show the aircraft had taken off at 8.36 am the crew decided to return from near…
Apple’s India business grows in leaps! In FY24, Apple‘s India operations witnessed a remarkable surge, reaching a value of over Rs 2 lakh crore ($23.5 billion), a significant increase from Rs 1.15 lakh crore in the previous year. A significant increase in iPhone production, along with strong domestic sales of MacBooks, iMacs, iPads, Watches, and…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, moved up in opening trade on Wednesday. While BSE Sensex opened over 100 points up, Nifty50 was near 24,150. At 9:16 AM, BSE Sensex was trading at 79,036.42, up 80 points or 0.10%. Nifty50 was at 24,145.85, up 7 points or 0.028%.According to Siddhartha…
BENGALURU: As American denim giant Levi Strauss & Co chases its target of expanding into a $10 billion business globally from the current $6.2 billion, president and CEO Michelle Gass tells TOI that she has set her sights on India, among the top six markets for the inventor of the blue jeans, to drive the…
The Central Board of Direct Taxes (CBDT) has initiated a thorough examination and verification process for outward foreign remittances exceeding Rs 6 lakh to identify any discrepancies in the data and potential tax evasion. This action was taken after the discovery of cases where foreign remittances and expenditures were inconsistent with the income declared by…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was around 79,500, Nifty50 was near 24,300. At 9:20 AM, BSE Sensex was trading at 79,519.54, down 129 points or 0.16%. Nifty50 was at 24,313.20, down 34 points or 0.14%.The Indian stock market closed relatively…
BENGALURU: The disparity between CEO and employee compensation in the IT industry continues to expand. Data from the past five years for select large companies shows that only IBM has seen a narrowing of the gap between CEO pay and the median employee remuneration. Accenture, Infosys, Wipro, and HCL have experienced a widening of this…
NEW DELHI: Bharti Global, the international investment arm of Bharti Enterprises, on Monday announced the acquisition of a 24.5% stake in iconic BT Group plc from Altice UK, which will make it the largest shareholder in the company that once owned 21% in Bharti Airtel.Bharti has already acquired 9.9% in the UK’s top fixed and…
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
