Category: Business

Business

U.S. plans 1:1 chip production rule to curb overseas reliance: Report

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U.S. plans 1:1 chip production rule to curb overseas reliance: Report

The White House and the U.S. Commerce Department did not immediately respond to requests for comment [File] | Photo Credit: REUTERS The U.S. is planning to ask chipmakers to manufacture at home as many semiconductors as their customers import, aiming to curb reliance on overseas supply, the Wall Street Journal reported on Friday. The Trump…

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Supreme Court upholds JSW Steel’s resolution plan for debt-ridden Bhushan Power and Steel

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Supreme Court upholds JSW Steel’s resolution plan for debt-ridden Bhushan Power and Steel

Image for representation only | Photo Credit: Reuters The Supreme Court on Friday (September 26, 2025) upheld JSW Steel’s ₹19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief Justice B.R. Gavai and Justices Satish Chandra Sharma and K. Vinod Chandran had reserved the verdict on a batch of…

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Rupee recovers from all-time low, rises 6 paise to 88.70 against U.S. dollar

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Rupee recovers from all-time low, rises 6 paise to 88.70 against U.S. dollar

Photo used for illustration purpose only. | Photo Credit: Getty Images/iStockphoto The rupee rebounded from its all-time low, rising 6 paise to 88.70 against the U.S. dollar in early trade on Friday (September 26, 2025) amid a weaker greenback and hopes of an India-US trade deal breakthrough. However, FII outflows, coupled with a rise in…

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Equity markets trade lower dragged by pharma stocks, relentless foreign fund outflows

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Equity markets trade lower dragged by pharma stocks, relentless foreign fund outflows

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty declined in early trade on Friday (September 26, 2025) dragged by pharma stocks and relentless foreign fund outflows. U.S. H-1B visa fee concerns and a weak trend in global markets also added to the bearish trend in domestic…

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Spanish data centre firm Submer opens shop in India, plans manufacturing

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Spanish data centre firm Submer opens shop in India, plans manufacturing

Submer Technologies S.L., a Spainish-headquartered liquid cooling solutions provider for data centres that has in recent months transitioned into building data centres, said it would enter the Indian market to build Artificial Intelligence-focused data centres in the country. The “tenants” that actually occupy and own the data centres are likely to be the Big Tech…

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Income Tax department extends deadline for tax audit report submission to October 31

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Income Tax department extends deadline for tax audit report submission to October 31

The Income Tax department on Thursday, September 25, 2025, extended the deadline for submission of audit reports for the 2024-25 fiscal year by one month till October 31. | Photo Credit: Getty Images/iStockphoto The Income Tax department on Thursday (September 25, 2025) extended the deadline for submission of audit reports for the 2024-25 fiscal year…

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Business

RBI mandates tougher authentication process for digital transactions 

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RBI mandates tougher authentication process for digital transactions 

The latest RBI directions are applicable to Payment System Providers, Payment System Participants (banks and non-banks) and all domestic digital payment transactions. | Photo Credit: Getty Images/iStockphoto The Reserve Bank of India (RBI), to further secure digital payments transactions, has mandated introduction of additional risk-based checks beyond the minimum two-factor authentication by leveraging upon technological advancements….

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The Hindu Mind LIVE: Telangana Dy CM Bhatti Vikramarka Mallu, Kerala FM K.N. Balagopal to speak on GST implementation

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The Hindu Mind LIVE: Telangana Dy CM Bhatti Vikramarka Mallu, Kerala FM K.N. Balagopal to speak on GST implementation

Telangana Deputy Chief Minister Bhatti Vikramarka Mallu and Kerala Finance Minister K.N. Balagopal are the guests on this edition of The Hindu Mind series, on Thursday (September 25, 2025) in New Delhi. Mr. Mallu and Mr. Balagopal will be speaking about the Goods and Services Tax (GST) and its implementation in the country. Notably, Mr….

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