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The Delhi High Court on Tuesday ruled that expatriates working in Indian companies must become members of the Employees’ Provident Fund Organisation (EPFO) and contribute to the fund regardless of their income levels.The court upheld amendments to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, as well as the Centre’s 2008 and 2010 notifications…
China and the United States have taken steps to cool their trade tensions after a meeting between presidents Donald Trump and Xi Jinping in South Korea last week. The move marks a cautious pause in a dispute that has disrupted global trade and technology ties since 2018.Here is where the two sides now stand on…
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
India plans to reduce direct imports of Russian crude from late November following the introduction of new US sanctions targeting Rosneft and Lukoil, which come into effect on November 21. Analysts expect Indian refiners—responsible for over half of the country’s Russian crude used in petrol and diesel production—to comply with the sanctions.According to maritime intelligence…
The real bottleneck is benchmarking and adjusting the NAV for expenses. (AI image) Sebi’s proposal for expense ratios to be charged on the basis of the performance of a scheme is interesting but experts are not impressed. They feel it is difficult to implement and could even be unfair to certain investors. The real bottleneck…
Union Commerce Minister Piyush Goyal on Wednesday gave an update on the ongoing India-US trade talks amid persisting tensions, as India deals with 50% tariffs. The union minister indicated that while discussions on the India-US Bilateral Trade Agreement (BTA) are “going on very well,” there remain “many sensitive and serious issues” that will require additional…
While Russian exporters continue loading crude onto vessels, refineries show reduced willingness to transfer the cargo to their storage facilities. (AI image) Donald Trump’s latest sanctions on Russian crude oil firms appears to have had the intended impact – at least as of now. Refiners are reportedly unwilling to pick up Russian crude oil from…
The Japanese conglomerate, with its extensive AI investment portfolio spanning various sectors, saw a substantial $32 billion reduction in market capitalisation. (AI image) SoftBank Group’s shares saw a dramatic 14% decline on Wednesday, accompanied by broader falls across Asian AI-related companies, reflecting similar drops in their US counterparts. Investors displayed increasing caution towards the high…
Photos shared by @the2ndfloorguy on X In a quirky twist of technology and trading, an X user has shared photos showing how their Zerodha stock portfolio now controls their bedroom lights. The images show the lights turn red whenever the portfolio suffers a loss, offering a literal—and visually striking—signal of market swings.The innovation was shared…
AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…
