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‘Open and welcoming to global capital’: Sebi chair Tuhin Kanta hails India’s finance landscape

Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey hailed India’s financial landscape and assured global investors that the country continues to be an open and attractive destination. In a bid to draw in global capital from across the globe, he further pitched India’s strong macroeconomic fundamentals, rapidly expanding investor base, and a…

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Govt proposes new defence acquisition procedure aligned with evolving geo-strategic landscape

NEW DELHI: In keeping with changing times, the govt has proposed a new ‘Defence Acquisition Procedure (DAP)-2026’ that aims to align India’s defence acquisition with the rapidly evolving geo-strategic landscape, growth of Indian economy, the skilling of human capital, growth of private defence industry in the country and technological imperatives of modern warfare. DAP is…

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Navigating the New Tax Landscape: Choosing Between Old and New Tax Regimes for Maximum Savings | Financial Literacy News

With the new tax regime now the default option, many taxpayers are discovering that the choice between the old and new regimes is no longer a routine filing decision but one that can significantly impact their tax outgo.Even as the government nudges taxpayers towards a simpler, exemption-light system, many taxpayers continue to opt for the…

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US labour market: After affordability concerns, America faces its next hurdle — a ‘stagnating’ job landscape

The US labour market continues to lose steam, with the latest jobs report showing a sharp slowdown in hiring. While November’s data was affected by shutdown-related distortions, economists say the broader trend is clear: job creation has settled into a prolonged low gear.Though employers are still adding workers, the pace of hiring is among the…

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Omnicom to slash 4,000 jobs: Media giant consolidates key agencies; AI disruption shapes industry landscape

Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…

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