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The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the foreign direct investment (FDI) policy to permit overseas companies with Chinese shareholding of up to 10 per cent to invest in India through the automatic route, subject to sectoral limits and conditions, PTI reported.However, the relaxation will not apply…
A sharp sell-off in equities last week led to a significant erosion in the market value of the country’s most valuable companies, with the top 10 firms together losing Rs 4.48 lakh crore. Banking heavyweights State Bank of India and HDFC Bank saw the steepest decline in their valuations during the period. The fall in…
Pakistan Prime Minister Shehbaz Sharif on Saturday approved salary cuts ranging from 5 to 30 per cent for employees of state-owned enterprises and autonomous institutions as part of a wider austerity drive to address the economic fallout of the ongoing fuel crisis.The decision was taken during a high-level review meeting chaired by the prime minister…
NEW DELHI: Frowning at an advocate’s repeated attempts through PILs to seek paid two-day monthly menstrual leave for female workers, Supreme Court said Friday that such a move could create a psychological barrier among women that they are inferior to men as they can’t work when they are menstruating. A bench of CJI Surya Kant…
BENGALURU: With the West Asia crisis escalating and recent Iranian strikes targeting the UAE, several IT companies and global capability centres (GCCs) have activated their business continuity plans (BCPs), introducing measures such as work-from-home, travel advisories and temporary office closures.Amid rising geopolitical uncertainty, many tech firms and GCCs are increasingly relying on India as a…
Iran on Wednesday warned American tech companies that their offices and infrastructure could become targets as the conflict in the region widens.Al Jazeera reported that IRGC-affiliated Tasnim News Agency has published a list of offices and infrastructure run by major US technology companies that it claims are linked to Israel and used for military purposes.The…
Iran on Wednesday warned American tech companies that their offices and infrastructure could become targets as the conflict in the region widens.The IRGC-affiliated Tasnim News Agency has published a list of offices and infrastructure run by major US technology companies that it claims are linked to Israel and used for military purposes.The report described these…
Mojtaba Khamenei is set to take charge as Iran’s Supreme Leader following a formal announcement by the country’s powerful assembly of experts — the clerical body responsible for choosing the nation’s top leader.This comes after Mojtaba’s father, Ali Khamenei, was killed in a joint operation launched by US and Israeli forces.Mojtaba, however, is not only…
Dalal Street ended last week in red with eight of India’s ten most valuable companies together losing Rs 2,81,581.53 crore in market value. State Bank of India emerged as the biggest laggard during the period. The broader market also saw heavy selling pressure. The BSE benchmark index dropped 2,368.29 points, or 2.91%, over the week….
Weeks after Trump’s tariffs were invalidated by the US Supreme Court, the administration has suffered another setback, with a New York federal judge ruling that the companies which paid the now-struck-down duties are entitled to refunds.Judge Richard Eaton of the US Court of International Trade, on Wednesday (local time), announced that “all importers of record”…
