Category: Business

Business

Chandrasekaran’s exit puts Tata’s Air India bet under fresh scrutiny

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Chandrasekaran’s exit puts Tata’s Air India bet under fresh scrutiny

Tata Sons Chairman N. Chandrasekaran leaves from Bombay House after resigning from the post of Chairman, in Mumbai. | Photo Credit: ANI N. Chandrasekaran’s decision to step down as chairman of Tata Sons has opened a new chapter for India’s largest business conglomerate. Amid the leadership transition, one of the group’s most closely watched businesses…

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Business

Government rolls out foreign asset disclosure scheme for small taxpayers

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Government rolls out foreign asset disclosure scheme for small taxpayers

Representative image. | Photo Credit: Getty Images/iStockphoto The Income Tax Department on Saturday (August 15, 2026) notified a new voluntary disclosure scheme allowing small taxpayers to declare certain undisclosed foreign assets and income by paying an effective 60% tax, as the government seeks to bring overseas holdings into the tax net without exposing eligible taxpayers…

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Business

NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues

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NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues

The National Company Law Appellate Tribunal (NCLAT) has upheld an order passed by the NCLT, directing insolvency proceedings against a personal guarantor of Mumbai-based Nyka Steel. A two-member bench of the appellate tribunal upheld a February 3, 2026 order of the National Company Law Tribunal (NCLT), Mumbai, which had admitted UCO Bank’s plea to initiate…

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Business

IT rights body writes to Labour Ministry over Wipro’s onboarding delays

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IT rights body writes to Labour Ministry over Wipro’s onboarding delays

Image used for representative purpose only. | Photo Credit: Reuters The Nascent Information Technology Employees Senate (NITES), a Mumbai-based organisation working for the rights of IT employees, has sent a written complaint to Union Labour Minister Mansukh Mandaviya regarding the “prolonged and unexplained delay” in onboarding more than 200 students and young engineers selected by…

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Business

Even as government considers MDR charge on UPI, data shows cash usage quickening in economy

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Even as government considers MDR charge on UPI, data shows cash usage quickening in economy

At a time when the government is proposing to allow the levy of a charge on UPI transactions, an analysis shows that the growth in the value of UPI transactions has been slowing for the last five years, while the growth of cash with the public has been quickening over this period.  Paywall: On a charge…

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Business

What is the latest mining amendment Act about? |Explained

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What is the latest mining amendment Act about? |Explained

The story so far: The Rajya Sabha on Wednesday (August 12, 2026) passed an amendment to the Mines and Minerals (Development and Regulation) Act, which, among other things, specifies that States do not levy any tax or cess on mineral, mineral bearing lands and overall operations. The now-ratified legislation has drawn immense opposition from several…

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Business

Government reduces export duty on petrol to nil; diesel and ATF duty also reduced

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Government reduces export duty on petrol to nil; diesel and ATF duty also reduced

Image used for representational purposes only. | Photo Credit: Reuters In their latest fortnightly review, the government cut the export duty on petrol to nil, whilst reducing the levy on export of diesel and aviation turbine fuel (ATF) to ₹24 for every litre and ₹19.5 for every litre respectively. Also read | Export duty on…

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Business

Current account deficit widens to $6.2 billion in Jun: RBI data

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Current account deficit widens to .2 billion in Jun: RBI data

India’s current account deficit widened to $6.2 billion in June from a surplus of $1.2 billion in the year-ago month, according to preliminary data released by the Reserve Bank of India on Friday (August 14, 2026). The current account deficit was primarily driven by a widening merchandise trade deficit, which rose to $30.2 billion in…

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Business

India’s green bonds find footing as stable ‘greenium’ underscores investor appetite

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India’s green bonds find footing as stable ‘greenium’ underscores investor appetite

A persistent premium over comparable government debt, alongside strong and steady demand from insurance companies ​, has convinced market participants that a larger supply of Indian sovereign green bonds ‌can be absorbed in the second half of the ​fiscal year. New Delhi sold 50 billion rupees ($524 ⁠million) of 30-year sovereign green bonds, at a…

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Business

Coal demand to touch 1.6 billion tonnes by 2030; need transparent, market-driven pricing: Official

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Coal demand to touch 1.6 billion tonnes by 2030; need transparent, market-driven pricing: Official

Image used for representational purposes only. | Photo Credit: Reuters India’s coal demand is likely to touch 1.6 billion tonnes per annum by 2030, a top government official said on Friday (August 14, 2026), underlining the need for transparent and market-driven pricing for the commodity. Speaking at the Global Commodities Conclave Mumbai, Union Coal Secretary…

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Business