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Net direct tax collection rose 9.4 per cent to about Rs 19.44 lakh crore in the current financial year till February 10, supported by lower refund payouts and higher corporate tax collections, according to data released by the Income Tax Department on Wednesday.Net corporate tax collection increased 14.51 per cent to Rs 8.90 lakh crore,…
US stocks moved closer to record levels on Wednesday after data showed the country’s unemployment rate unexpectedly improved last month, boosting investor confidence about the resilience of the economy.The S&P 500 rose 0.5% and was trading just below its all-time high set late last month. The Dow Jones Industrial Average was up 222 points, or…
As H-1B delays persist, the issue warrants attention beyond immigration policy alone. For more than three decades, the H-1B visa program has been a cornerstone of economic integration between India and the United States, enabling movement of highly skilled professionals into sectors critical to US productivity and innovation. Indian nationals account for more than 70%…
Indian Railways’ accelerated electrification push has sharply reduced diesel consumption, helping cut crude import dependence while expanding cleaner rail operations across the country. Mission-mode electrification has now covered about 99.4% of the Broad Gauge network, with the remaining stretches also taken up for completion.According to information shared by Railways Minister Ashwini Vaishnaw in the Lok…
BSE Index Services Pvt Ltd on Wednesday announced the launch of two new Government Securities (G-Sec) indices — BSE 4-8 Year G-Sec Index and BSE 8-13 Year G-Sec Index — aimed at strengthening debt market benchmarks and supporting passive investment strategies, ANI reported.According to a statement by BSE Index Services, the indices are reconstituted monthly,…
The government’s stake sale in Bharat Heavy Electricals Ltd (Bhel) was oversubscribed two times on the first day, with institutional investors placing bids worth over Rs 5,650 crore on Wednesday.Institutional investors bid for more than 22.07 crore shares at an indicative price of Rs 256.07 per share, against about 9.40 crore shares on offer under…
Bengaluru: Cipla Foundation Wednesday announced a partnership with the Indian Institute of Science (IISc) to set up the Cipla Foundation Centre for Pulmonary Medicine at the Tata IISc Medical School. The facility will provide diagnostics, outpatient and inpatient care, a dedicated intensive care unit, and high-dependency services for the treatment of respiratory illnesses.The Centre for…
The Magenta Line (Line-8) is set to become the longest corridor in the Delhi Metro network, with the highest number of interchange stations and underground sections, significantly strengthening cross-city connectivity across the National Capital Region, according to a Delhi Metro Rail Corporation (DMRC) statement.The development comes following the recently sanctioned Phase-V (A), under which the…
WTO Director-General Ngozi Okonjo-Iweala The World Trade Organization (WTO) needs urgent structural reform as the global trading system undergoes rapid economic and technological shifts, WTO Director-General Ngozi Okonjo-Iweala said, warning that maintaining the current framework is no longer viable, AFP reported.Speaking in Geneva on Wednesday, Okonjo-Iweala said the global trade body and the broader multilateral…
India UAE AI Partnership: Human-Centric AI Collaboration for Social Welfare and Growth In 2026, two of Asia’s fastest-advancing digital economies, India and the United Arab Emirates (UAE), are deepening their collaboration on artificial intelligence (AI), moving beyond commercial interests toward a shared vision of human-centric AI that emphasises social welfare, responsible governance, equitable growth and…
