The EPFO manages the retirement savings of nearly 70 million salaried workers across sectors. (File Photo)
Posted in Business

EPFO’s 7 new rules explained| Business News

The Union labour ministry has simplified and liberalised the partial withdrawal rules under the Employees’ Provident Fund (EPF) scheme, making it easier for its more…

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After Hyundai, LG is set to become the second South Korean company to be listed in India. (Reuters)
Posted in Business

LG India notches up a market cap higher than its South Korean parent| Business News

A 50% surge in LG India’s share price on listing day has ascribed the home-appliance maker a market capitalisation higher than its parent in South…

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Posted in Economy

Income tax refunds fall sharply owing to new fraud checks

Income tax refunds have seen a 16% decrease this year as authorities implemented enhanced filters for payments exceeding a certain threshold to combat fraud. This…

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Posted in Economy

Canada may need India now more than ever as trade risks mount

“Canada’s future is less secure than perhaps at any time in postwar history,” Bloomberg warns. The country is finding itself with less room to manoeuvre….

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Tata Group Chairman N. Chandrasekaran has pitched the demerger as a key step toward simplifying the group’s structure. (Reuters)
Posted in Business

Tata Motors PV share price falls over 5% after Tata Motors demerger takes effect| Business News

The Tata Motors demerger takes effect today to list the trucks and car units separately on India’s stock exchanges. Tata Motors PV share price, pegged…

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Some traders to book cargo slots on transatlantic flights for silver bars—an expensive mode of transport typically reserved for gold—to profit off higher prices in London. (Representational Image/Unsplash)
Posted in Business

Silver price hits all-time high of $53 as London squeeze sparks market havoc| Business News

Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled…

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Google and Andhra Pradesh are likely to sign a formal agreement on the AI project later today. (AP)
Posted in Business

Google to invest $10 billion in data centre and AI project in Andhra Pradesh| Business News

Alphabet Inc.’s Google will invest $10 billion to set up a massive data centre and artificial intelligence hub in Andhra Pradesh, officials from the southern…

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LG Electronics is the second South Korean company after Hyundai Motor to tap India's red-hot IPO market. (Reuters)
Posted in Business

LG India share price surges by over 37% in the grey market ahead of listing today| Business News

LG Electronics India Ltd. is set to have a listing-day pop as its share price rose by more than a third in the grey market,…

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Posted in Economy

Indian textile exporters turn to Europe, offer discounts to offset US tariffs

Indian textile exporters are seeking new buyers in Europe and offering discounts to existing U.S. customers to cushion the blow from steep U.S. tariffs of…

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Posted in Economy

US trade talks may be cracking India’s opposition to GM crops

In a world where an ever-growing portion of grains is grown from genetically modified seeds, India has sat on the sidelines — a major farming…

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