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BENGALURU: Arvind Fashions said on Monday it will acquire Flipkart Group’s stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore, making the entity a wholly owned subsidiary of the company.Arvind Youth Brands houses Flying Machine, the company’s youth-focused denim and casual wear brand. Arvind Fashions said Flying Machine has re-established itself over the…
Striking the right balance – leniency for genuine taxpayers and strong deterrence for willful evaders – will be the real test of the reforms. (AI image) In a significant move aimed at reshaping India’s tax enforcement landscape, NITI Aayog has proposed sweeping reforms to decriminalise a wide range of income tax-related offences and usher in…
SAN FRANCISCO: India is no longer a decade behind Silicon Valley in building with artificial intelligence, Elevation Capital’s AI partner Krishna Mehra said, arguing that founders in Bengaluru and other Indian hubs are now closer to the global frontier and should aim to build category-leading companies rather than “number two or three” players.“In the SaaS…
The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…
NEW DELHI: Flight travel across India remain disrupted for another day on Monday with several flights cancelled and many cancellations set for tuesday as well.As per the IndiGo’s cancelled flight data, 59 flights, scheduled for December 30 have now been cancelled. 116 flights were cancelled on Monday, majorly due to bad weather while 5 were…
IndiGo will pilot allowances and add new ones from January 1 to boost staff morale, according to PTI sources. This comes weeks after the airline faced massive disruptions with 4,500 flight cancellations due to rostering issues. The move follows meetings between executives and pilots at various bases, as the carrier also faces pressure from foreign…
A defining feature of 2025 was India’s renewed emphasis on Free Trade Agreements as strategic resilience tools. (AI image) By Agneshwar SenThe year 2025 marked a decisive turning point in global trade. Slower growth in major economies, sudden tariff escalations and growing concentration of critical supply chains made international commerce more fragmented and unpredictable. Yet,…
India holds the world’s third-largest reserves of rare earths at 6.9 million tonnes, yet its contribution is not even 1 per cent of the global production. A new report from Amicus Growth, cited by ANI, underlined this gap between resource potential and actual production on the part of India, while China leads in the global…
A useful way to think about selling is to go back to your original reason for buying. (AI image) Selling is much harder than buying. Buying feels optimistic: you’re starting something new. Selling feels like admitting you were wrong, or that a journey has ended. Because it is emotionally uncomfortable, many investors either sell for…
India recorded its highest-ever annual renewable energy capacity addition this year, installing 44.5 GW of new capacity till November, nearly doubling the additions seen in the same period last year, according to the Ministry of New and Renewable Energy (MNRE).With this expansion, the country’s renewable energy installed capacity has reached 253.96 GW, while overall non-fossil…
