NEW DELHI: After IndiGo, Air India, Air India Express and Akasa have also hiked fuel surcharge due to spiralling price of aviation turbine fuel (ATF/jet fuel) and falling rupee, which is acting as a double whammy at a time when air traffic is also beginning to decline as higher fares are seeing price-sensitive domestic travellers…
MUMBAI: HDFC Bank’s incoming MD and CEO Anup Bagchi will get target annual compensation of Rs 35.9 crore, with a Rs 7.3-crore one-time equity grant taking potential pay to Rs 43.2 crore. He takes charge Oct 27 after Sashidhar Jagdishan’s exit.RBI approved Bagchi’s appointment Oct 1 for a three-year term. His Rs 9-crore fixed pay…
A view of the 57th Goods and Services Tax (GST) Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman, in New Delhi on Thursday NEW DELHI: Nine years after the biggest indirect reform in the country, GST Council on Friday decided on a massive procedural overhaul that will rework the way businesses operate, enable them…
Elon Musk brings Ambani into the Starlink India delay NEW DELHI: The terrestrial war over providing satellite communication (satcom) services heated up several notches Thursday, with Elon Musk asking on X, “Is Ambani the real boss of India”, hours after govt denied his charge that “certain oligarchs” were blocking Starlink’s entry to India.In his first…
A CBDT Notification No. 31/2023 dated 24 May 2023 increased the exemption limit for non-government employees from Rs 3 lakh to Rs 25 lakh. (Image for representative purpose only) You retire and get leave encashment, a part of which is exempt from tax. You file your income tax return claiming the exemption, but later the…
US targets 2 Mumbai companies, 5 Indians in Iran petroleum sanctions (representative image) The United States on Thursday imposed sanctions on two Mumbai-based companies and five Indian nationals over their alleged involvement in the trade of petroleum products from Iran, as Washington stepped up its economic pressure on Tehran.The US department of state targeted SSPL…
Russia aims to reach Europe’s gas market through Nord Stream pipeline (Representational image) Russia may be looking to turn the gas taps to Europe back on, with talks under way over bringing a US investor into the Nord Stream pipelines that once carried Russian gas to Germany.According to five people familiar with the matter, the…
Adding to the pressure on markets, Brent crude prices rose another 2%. Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmarks, crashed in trade on Thursday, with both indices down over 1%. Investors reacted to the RBI’s policy tightening and repo rate hike, continued FII selling and other negative factors. BSE Sensex…
The sale prompted opposition from the man’s daughter from his first marriage. (Image for representative purpose only) Land disputes are a tricky matter especially when it comes to property that one person claims is ancestral, and the other as self-acquired.In one such case, a daughter has claimed share in a property that her grandmother and…
Vaishnaw said the government had reached a stage where India needed a regulatory framework for AI, but stressed that legislation alone would not be enough. Union minister Ashwini Vaishnaw on Friday said that government is working on bringing AI regulations starting with releasing a Consultation paper next month.The paper will focus on AI safety, harms…
