The UK government is set to implement a new tax regime in April 2025, which will impact non-resident Indians (NRIs) and recent migrants residing in the country. This change will abolish a 200-year-old feature of the British tax system, potentially increasing the tax burden for individuals and families planning to make the UK their new…
Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued…
NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had…
BENGALURU: Randy Devorin, a 61-year-old US citizen who worked for TCS for over a decade in global consulting practice (also known as consulting services & integration), has filed a complaint against the tech company’s alleged discriminatory employment practices.The lawsuit alleges that TCS favours H-1B (visa-holder) employees of Indian/South Asian origin and targets older American workers…
NEW DELHI: As Tesla prepares to enter India, Mercedes-Benz – one of its global rivals and India’s top luxury seller – has said the market for electrics will grow with new players, adding that its EV charging stations will be open to cars of the American giant.“Our EV charging bays will be open for Tesla…
Apple to create lakhs of jobs in India! Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 in the next three years. The tech giant is focusing on increasing the value addition from its Indian suppliers, following a similar…
MUMBAI: Investor money flowing into small-cap mutual funds had dried up after 30 consecutive months of inflows. Small-cap schemes recorded a net outflow of Rs 97 crore in March, data released by industry body Amfi showed. Markets regulator Sebi’s warning that there could be some ‘froth’ building in small and medium-cap stocks seems to have…
NEW DELHI: Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said.The billionaire executive will meet Modi in the week of April 22…
Stock market today: BSE Sensex and Nifty50, the Indian stock market indices, scaled all time highs in trade on Wednesday. The Indian benchmark equity index Nifty50 achieved a record high, boosted by banking, energy, and IT stocks, ahead of the release of significant US inflation data later in the day.The 30-share BSE benchmark Sensex concluded…
Eid Bank Holiday April 2024: Banks in certain states will remain closed on Thursday on the occasion of Ramzan-Id (Eid-Ul-Fitr), as per the Reserve Bank of India (RBI) holiday list.Eid al-Fitr begins when the crescent moon is sighted, marking the start of Shawwal, the 10th month in the Islamic calendar. Since lunar months last 29…
