Category: Business

Business

Why has IndiGo damp leased from Turkish Airlines? | Explained

Posted on By admin
Why has IndiGo damp leased from Turkish Airlines? | Explained

An airplane of Turkish Airlines. | Photo Credit: AFP The story so far: IndiGo received a third extension from the Directorate General of Civil Aviation (DGCA) to lease two Boeing 777-300ER aircraft and crew from Turkish Airlines, after previously facing a directive to end the partnership amid heightened anti-Turkey sentiment related to its support for…

Read More “Why has IndiGo damp leased from Turkish Airlines? | Explained” »

Business

Judge orders search shakeup in Google monopoly case but keeps hands off Chrome and default deals

Posted on By admin
Judge orders search shakeup in Google monopoly case but keeps hands off Chrome and default deals

A federal judge on Tuesday (September 2, 2025) ordered a shake-up of Google’s search engine in an attempt to curb the corrosive power of an illegal monopoly while rebuffing the U.S. government’s attempt to break up the company and impose other restraints. The 226-page decision made by U.S. District Judge Amit Mehta in Washington, D.C.,…

Read More “Judge orders search shakeup in Google monopoly case but keeps hands off Chrome and default deals” »

Business

India tax panel calls for steep levies on luxury EVs in blow for Tesla, BMW

Posted on By admin
India tax panel calls for steep levies on luxury EVs in blow for Tesla, BMW

The GST council has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD. Prime Minister Narendra Modi is aiming to reform India’s tax system and is pushing Indian customers to buy more…

Read More “India tax panel calls for steep levies on luxury EVs in blow for Tesla, BMW” »

Business

States to remain ‘net gainers’ of GST rate rationalisation: SBI Research

Posted on By admin
States to remain ‘net gainers’ of GST rate rationalisation: SBI Research

States will remain “net gainers” of the proposed GST rate rationalisation exercise with their GST revenues, including devolution, estimated to be over ₹14.10 lakh crore this fiscal, according to an SBI Research report released on Tuesday (September 2, 2025). It said that, as was evidenced in the earlier exercise of GST rate rationalisation in 2018…

Read More “States to remain ‘net gainers’ of GST rate rationalisation: SBI Research” »

Business

SEBI comes out with new framework for monitoring intraday position in index options

Posted on By admin
SEBI comes out with new framework for monitoring intraday position in index options

The new rules have been issued after SEBI observed growing instances of outsized intraday Future Equivalent. File. | Photo Credit: Reuters Markets regulator SEBI came out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Under the new framework, the net intraday…

Read More “SEBI comes out with new framework for monitoring intraday position in index options” »

Business

IT Minister Ashwini Vaishnaw presents first ‘Made in India’ chip to PM Modi at Semicon 2025

Posted on By admin
IT Minister Ashwini Vaishnaw presents first ‘Made in India’ chip to PM Modi at Semicon 2025

Prime Minister Narendra Modi and Union Minister Ashwini Vaishnaw during the inauguration of ‘Semicon India 2025’ at Yashobhoomi, in New Delhi on September 2, 2025. Photo: PMO via PTI Union Minister for Electronics & Information Technology Ashwini Vaishnaw presented Prime Minister Narendra Modi with a memento containing the ‘Made in India’ Vikram 32-bit Processor Launch…

Read More “IT Minister Ashwini Vaishnaw presents first ‘Made in India’ chip to PM Modi at Semicon 2025” »

Business

India seeks WTO consultations with U.S. over 50% duty on copper

Posted on By admin
India seeks WTO consultations with U.S. over 50% duty on copper

India on Tuesday (September 2, 2025) sought consultations with the U.S. under the World Trade Organisation’s (WTO) safeguard agreement over 50% tariffs imposed on certain copper products by America. This move comes after India reserved the right to impose retaliatory duties on select U.S. products in response to American tariffs on steel and aluminium; and…

Read More “India seeks WTO consultations with U.S. over 50% duty on copper” »

Business

TCS signs a fresh €550 million digital transformation deal with Scandinavian insurance major

Posted on By admin
TCS signs a fresh €550 million digital transformation deal with Scandinavian insurance major

“We are simplifying our IT landscape, enabling us to further invest in new technology and develop our business across Scandinavia,” Tryg CEO Johan Kirstein Brammer said. Photo: https://tryg.com/ Tata Consultancy Services on Tuesday (September 2, 2025) said it has expanded its partnership with Tryg, a Scandinavian non-life insurance firm, by entering into a €550 million…

Read More “TCS signs a fresh €550 million digital transformation deal with Scandinavian insurance major” »

Business

Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting

Posted on By admin
Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: PTI Benchmark indices Sensex and Nifty reversed early gains to close lower on Tuesday (September 2, 2025) dragged by last-hour profit-taking in banking and auto shares amid caution ahead of the GST Council meeting. The 30-share BSE Sensex declined 206.61 points or 0.26%t…

Read More “Stock markets end lower amid profit-taking in banking, auto shares ahead of GST Council meeting” »

Business

Rupee falls 8 paise to hit record low of 88.18 against U.S. dollar

Posted on By admin
Rupee falls 8 paise to hit record low of 88.18 against U.S. dollar

The rupee declined 8 paise to close at an all-time low of 88.18 (provisional) against the U.S. dollar, as Indo-U.S. trade deal uncertainty and weak domestic equity markets pressurised the local unitImage used for representation purpose only. | Photo Credit: Reuters The rupee declined 8 paise to close at an all-time low of 88.18 (provisional)…

Read More “Rupee falls 8 paise to hit record low of 88.18 against U.S. dollar” »

Business