The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
India crosses the $100 billion mark in remittances! In the fiscal year 2019-20, which was an election year, India received remittances amounting to $83.2 billion. However, in the following year, 2020-21, the remittances slowed down to $80.2 billion, possibly due to the impact of the COVID pandemic. In the years 2014-15 and 2015-16, India received…
PM-KUSUM solar pumps: The government aims to make solar agricultural pump installations more accessible to farmers under the PM-KUSUM scheme. This will be achieved by connecting farmers to vendors through a national portal, similar to the revamped solar rooftop scheme PM Suryaghar Muft Bijli Yojana. Officials told ET that this initiative will assist farmers in…
Silver bull run: Silver prices experienced a significant surge on Thursday, reaching an unprecedented high of nearly Rs 90,000 per kilogram. This increase was driven by the growing industrial applications of the precious metal, coupled with the increasing likelihood of the US Federal Reserve implementing a policy rate reduction in the near future.In a single…
India is determined to establish a strong maritime presence and enhance trade connectivity by seeking opportunities to develop ports in strategically important locations, Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, has said. The country aims to follow the successful model of Chabahar port in Iran, which was first proposed during the tenure of…
CHENNAI: Mahindra & Mahindra has announced a capex of Rs 37,000 crore to be spent over the next three years – from FY25 to FY27. The company plans to spend Rs 14,000 crore on petrol and diesel vehicles while another Rs 12,000 crore has been lined up for the group’s EV business. The group’s farm…
Highest fixed deposit rates: State Bank of India hiked its fixed deposit rates for certain terms under one year, effective May 15, 2024. HDFC Bank, Canara Bank, and ICICI Bank made changes to their FD rates in February 2024, while Axis Bank updated its rates in May, and PNB did so in April 2024. Here…
In a recent ruling, the Telangana Bench of the Authority of Advance Ruling (AAR) clarified that the provision of services of marketing, recruitment, or referrals to foreign universities by the Center for International Admission and Visas (CIAV), the applicant, on a principal-to-principal basis does not constitute an ‘intermediary service’. Further, such services should be considered…
NR Narayana Murthy and S ‘Kris’ Gopalakrishnan, the founder and co-founder of Infosys respectively, have urged the incoming government in New Delhi to implement policies that foster entrepreneurship, leading to job creation, wealth generation, and increased tax revenue. With less than a month remaining before the new government takes charge, they have emphasized the importance…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in early trade on Thursday. While BSE Sensex was up over 390 points, Nifty50 was above 22,300. At 9:25 AM, BSE Sensex was trading at 73,377.62, up 391 points or 0.54%. Nifty50 was at 22,316.90, up 116 points or 0.52%.The Indian equity…
