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After lowering business tax rates, net direct tax collection soars: Minister

New Delhi, Aug 4: The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment year (AY) 2020-21, the Parliament...
Adani Group plans to invest $10 billion in Vietnam to expand the energy and infrastructure industries
Business

Adani Group plans to invest $10 billion in Vietnam to expand the energy and...

New Delhi, Aug 4: The Adani Group plans a long-term investment in Vietnam of up to $10  billion, according to a report in Vietnam’s Tuoi Tre News.Group Chairman Gautam Adani revealed the investment plan during a meeting with Vietnamese Party General Secretary To Lam in Hanoi, as part of his...
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Adani Group calls the Bloomberg story about the BYD partnership "baseless and...

Ahmedabad, Aug 4: The Adani Group on Monday vehemently denied a media report claiming the Group’s collaboration with Chinese companies BYD and Beijing Welion New Energy Technology.In a statement, an Adani Group spokesperson said the Bloomberg report is “baseless” and “misleading”.“We...
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MOIL produces higher manganese ore in July than ever before

New Delhi, Aug 4: Government-owned MOIL has achieved manganese ore production of 1.45 lakh tonnes in July, marking an impressive growth of 12 per cent over the corresponding period last year (CPLY), despite adverse weather conditions, it was announced on Monday.Despite heavy rainfall, MOIL...
India has digitized 99.79 percent of its existing land records: The minister
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India has digitized 99.79 percent of its existing land records: The minister

New Delhi, Aug 2: The digitisation of 99.79 per cent of the existing land records has been completed in the country, according to the government.The digitisation of land records is playing an important role in shaping the future of agriculture. Under the Digital India Land Records...
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In the 'Autopilot' disaster case, Musk's Tesla was penalized more than $240...

San Francisco, Aug 2: A jury in the United States has ordered electric car-maker Tesla to pay over $240 million to victims of a 2019 crash that was allegedly caused by the company's faulty "Autopilot" driver assistance technology.As alleged by the victims, the jury found Tesla's system...
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Despite Trump's allegation, government officials indicate there would be no halt...

New Delhi, Aug 2: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources on Saturday clarified there is no such pause on the oil imports from Russia.According to government sources, “India's energy purchases are driven by national interests...
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Japanese banks are expanding their investments in India: Envoy

New Delhi, Aug 1: Japanese Ambassador to India, Ono Keiichi, on Friday said he had an engaging discussion with Reserve Bank of India (RBI) Governor Sanjay Malhotra on the growing role of Japanese banks in India’s economy.Sharing the update on social media platform X, the envoy highlighted that...
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India's export losses as a result of increased US tariffs are just around 0.3...

New Delhi, Aug 1: The direct export loss from the higher US tariffs announced on Indian exports could be limited to around 0.3-0.4 per cent of its GDP as the country’s largely domestic-driven economy and its relatively low share of goods exports to the US should provide some cushion, according...
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In the face of US tariffs, reinvigorate "Made in India" as a badge of...

New Delhi, Aug 1: The imposition of 25 per cent tariff on India with penalty is a "bad business decision" but the mysterious forces of global supply chain will auto adjust and cushion the impact, and Indian businesses and firms would do well to reinvigorate the 'Made in India' as a hallmark of...
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Rs 6,520 crore outlay is approved by the cabinet for the Pradhan Mantri Kisan...

New Delhi, July 31: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a total outlay of Rs 6,520 crore, including an additional amount of Rs 1,920 crore, for the ongoing Central sector Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the 15th Finance Commission...
The United States uses sanctions as a tool to impose its will on nations such as India and Iran
Business

"The United States uses sanctions as a tool to impose its will on nations such...

Tehran, July 31: Iran on Thursday accused the United States of weaponizing the economy and using sanctions as tools to "dictate its will on independent nations" such as Iran and India and impede their growth and development."The United States continues to weaponize the economy and use...
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