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The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
US stock markets edged lower again on Wednesday as mixed earnings from major banks and a rise in oil and gold prices kept investors cautious. The S&P 500 slipped 0.3 per cent, extending its decline a day after hitting an all-time high. The Dow Jones Industrial Average fell 84 points, or 0.2 per cent, while…
The most visible aspect of a fund is its past returns. That’s also the most dangerous thing to obsess over. (AI image) What really makes a mutual fund ‘Good’? It’s not last year’s return, the TV ad or the number of stars on the brochure.Let me guess what happens when you start looking at mutual…
IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…
The government is likely to retain its strong focus on public capital expenditure in the upcoming Union Budget 2026, with the capex outlay expected to rise by 10–15 per cent from the current level of Rs 11.21 lakh crore, even as private sector investment continues to remain cautious, experts said, as reported PTI.The Budget, which…
The government has increasingly been nudging taxpayers to opt for the new income tax regime. (AI image) Budget 2026 income tax expectations: Will FM Nirmala Sitharaman provide more reason to cheer for salaried and middle class taxpayers two years in a row? 2025 was a year of tax reforms – massive overhaul of the new…
Walmart-owned Flipkart, Swiggy and IPO-bound Zepto have stopped promoting their grocery businesses as “10-minute” delivery services following a government intervention prompted by road safety concerns, according to a Reuters report.The move comes after the labour ministry, at a private meeting on Saturday, asked some companies to discontinue the “10-minute” branding amid concerns over rash driving…
Indian stock markets will remain closed for trading on January 15 after both the BSE and NSE revised their calendars in view of municipal corporation elections in Maharashtra, turning what was earlier marked as a settlement holiday into a full-fledged trading holiday.The Bombay Stock Exchange said trading will be suspended across equities, equity derivatives, commodity…
Losses from VDAs cannot be set off — not against other income, nor even against gains from another crypto asset. The Central Board of Direct Taxes (CBDT) has raised fresh concerns about the risks posed by virtual digital assets (VDAs) such as cryptocurrencies, aligning its stance with that of the Reserve Bank of India (RBI)….
Maharashtra has emerged as the top-performing state in NITI Aayog’s fourth Export Preparedness Index (EPI) 2024, followed by Tamil Nadu and Gujarat, according to the government think tank’s report released on Wednesday, PTI reported.The rankings place Maharashtra at the top, followed by Tamil Nadu, Gujarat, Uttar Pradesh, Andhra Pradesh, Karnataka and Punjab, reflecting states’ readiness…
