While recommending a 10-fold increase in electromagnetic field (EMF) emissions from mobile towers, a government committee in its report also noted that the measure may adversely impact public opinion and lead to “heightened mistrust”. “The revision of EMF norms could lead to heightened public mistrust due to the negative health effects of EMF radiation,” it…
NEW DELHI: The International Monetary Fund (IMF) has maintained its global growth projections for 2024 at 3.2% in its latest World Economic Outlook update, released on Tuesday. Despite this, the organization has revised its forecasts for the United States and Japan downward, citing a slower-than-expected start to the year and temporary supply disruptions, respectively.The IMF…
NEW DELHI: National Company Law Tribunal on Tuesday admitted the BCCI‘s application seeking insolvency proceedings against Byju’s.This came after the law tribunal said that “it cannot be disputed” that the parent of the ed tech firm, Think & Learn Private Limited, had availed the services of the cricket board and had defaulted on over 1.59…
By Parizad SirwallaBudget 2024 income tax expectations: The Finance Minister (FM) will present the full Union Budget for Financial Year (FY) 2024-25 in Parliament on July 23rd. The Budget is of significant interest to individual taxpayers as they have a long wish list of the desired announcements on the personal tax front from the newly…
NEW DELHI: Securities and exchange board of India (Sebi) served administrative warning to Paytm over two transactions with Paytm Payments Bank conducted in the fiscal year 2021-22. Paytm on Monday said in its filing that it has strictly followed all regulatory requirements and compliance standards.The two transactions were of 3.24 billion rupees ($38.8 million) and…
MUMBAI: Gen Z and millennials are driving high growth in digital loans. The Gen Z cohort comprises youngsters in the 18-25 age group, many of whom entered adulthood during the pandemic. Millennials fall between the age group 26-38.According to a report by Redseer Strategy Consultants, digital lending in India is on the rise and set…
MUMBAI: Tata Steel‘s strategy for its UK operations will remain unchanged amid concerns that its restructuring could face delays under the new Labour government that has come to power after a decade. In September 2023, the previous govt led by the Conservative party had agreed to grant 500 million pounds to Tata Steel to help…
MUMBAI: HUL is selling its water purification business to US-based water technology company AO Smith‘s Indian arm for an enterprise value of Rs 601 crore ($72 million). The move comes as the FMCG major looks to sharpen its focus on core categories, HUL said in a statement on Monday. It is also aligned with parent…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, scaled new highs in trade on Wednesday. Both the indices hit lifetime highs – BSE Sensex reached 77,581.46, while Nifty50 reached 23,630.85. At 9:27 AM, BSE Sensex was trading at 77,476.45, up 175 points to 0.23%. Nifty50 was at 23,576.95, up 19 points…
NEW DELHI: Industry lobby groups CII and PHDCCI have demanded personal tax benefits for the middle class, with Ficci backing a simplification in the direct tax regime in the budget.During a meeting with revenue secretary Sanjay Malhotra, CII president Sanjiv Puri pitched for marginal relief in tax for taxable income up to Rs 20 lakh,…
