BUSINESS

Blinkit-Airtel SIM home delivery on hold; DoT asks telecom service to abide by stipulated KYC norms

New Delhi: Just days after Blinkit-Airtel SIM home delivery was announced with much fanfare, the service has been put on hold, sources said. The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with, the sources said. The Telecom Department recently circulated […] New Delhi: Just days after Blinkit-Airtel SIM home delivery was announced with much fanfare, the service has been put on hold, sources said. The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with, the sources said. The Telecom Department recently circulated a mail to various telecom service providers, saying “the existing self-KYC process, as per the extant instructions, shall be followed scrupulously.” A person privy to the development said that the offering has been “put on hold, not discontinued”. A quick…
BUSINESS

NSE IPO: Sebi chief Pandey says discussions ongoing with bourse to resolve key issues

Sebi’s concerns include the compensation given to key management personnel, technology and the majority ownership in Clearing Corporation, among others Mumbai: The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is under regulatory review, with discussions ongoing between the bourse and Sebi to resolve certain issues, markets regulator chief Tuhin Kanta Pandey said. Sebi’s concerns include the compensation given to key management personnel, technology and the majority ownership in Clearing Corporation, among others. The bourse has restarted its listing process by applying for an NOC at the Securities and Exchange Board of India (Sebi). While a No Objection Certificate (NOC) has been filed, the timeline for the IPO remains uncertain as both parties work to resolve key issues — some of which are fundamental in nature, including corporate governance. When asked about a potential timeline for the IPO, Pandey told PTI in an interview, “I can only say…
BUSINESS

Income tax department notifies ITR forms 1, 4 for AY 2025-26

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers New Delhi: The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now, individuals having long-term capital gains of up to Rs 1.25 lakh in a fiscal year can also file ITR-1. Earlier, such persons were required to file ITR-2. With the notification, individuals, HUFs, and firms having income up to Rs 50 lakh and those having earnings from business and profession in the 2024-25 fiscal (April-March) can start filing I-T returns for the income earned in the financial year. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium…
BUSINESS

Pakistan Stock Exchange slumps amid escalating tensions with India

Shares at the PSX fell over 2,000 points in intraday trade amid uncertainty over speculation that India might launch military strikes against Pakistan Karachi: Trading in the Pakistan Stock Exchange (PSX) remained in the negative on Wednesday, owing to the escalating tensions with India following the terror attack in Jammu and Kashmir’s Pahalgam that killed 26 people. Shares at the PSX fell over 2,000 points in intraday trade amid uncertainty over speculation that India might launch military strikes against Pakistan. On Tuesday evening, Information Minister Ataullah Tarar added to the uncertainty by claiming that Pakistan had credible intelligence that India intends to carry out military action against it in the next 24-36 hours. Earlier in the day, Prime Minister Narendra Modi, in a meeting with the top defence brass, gave them “complete operational freedom” to decide on the mode, targets and timing of India’s response to the Pahalgam terror attack. The benchmark…
BUSINESS

Rupee falls 19 paise to 85.15 amid India-Pakistan tensions and stronger dollar demand

According to forex traders, escalating geopolitical tensions between India and Pakistan have triggered a risk-off sentiment in the market, weighing on the rupee. However, steady foreign fund inflows and stable crude oil prices helped limit the domestic currency’s decline. Mumbai: The rupee depreciated 19 paise to 85.15 against the US dollar in early trade on Wednesday, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. However, foreign fund inflows and crude oil prices cushioned the downside for the domestic unit. At the interbank foreign exchange, the domestic unit opened at 85.15 against the greenback, registering a fall of 19 paise over its previous close. On Tuesday, the rupee gained 27 paise to settle at 84.96 against the US dollar.…

BUSINESS

  • Apr- 2025 -
    30 April
    58

    India, Netherlands agree to strengthen bilateral trade and economic cooperation

    The Commerce Secretary Sunil Barthwal’s visit from April 24-26 underlined India’s commitment to strengthening its economic engagement with the Netherlands New Delhi: India and the Netherlands have agreed to strengthen bilateral trade and economic cooperation at high-level meetings held by Commerce Secretary Sunil Barthwal during his visit to the European nation, according to an official statement issued on Tuesday. The Commerce Secretary’s visit from April 24-26 underlined India’s commitment to strengthening its economic engagement with the Netherlands, a key European partner. The discussions at the Ministry of Foreign Affairs and the Ministry of Economic Affairs laid the groundwork for enhanced collaboration. The CEOs Roundtable fostered new business connections, with Dutch companies expressing keen interest in India’s growing market and investment opportunities,…

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  • 29 April
    91

    RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes

    According to the circular, by September 30, 2025, 75 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette  Mumbai: The Reserve Bank of India on Monday asked banks to ensure that ATMs dispense Rs 100 or Rs 200 denomination notes to enhance the availability of these currency notes to the public. Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner. “As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) shall ensure that their ATMs dispense Rs 100 and Rs 200 denomination banknotes on a regular basis…,”…

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  • 29 April
    93

    Hyderabad-based Dr Reddy’s to introduce Sanofi’s novel drug in India

    The company plans to introduce Beyfortus, which contains the monoclonal antibody nirsevimab, in a prefilled injection used for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants New Delhi: Dr Reddy’s Laboratories on Monday said it has expanded its partnership with Sanofi Healthcare to introduce a novel drug for the prevention of lower respiratory tract disease in newborns. The company plans to introduce Beyfortus, which contains the monoclonal antibody nirsevimab, in a prefilled injection used for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants. The medication is also administered in children up to 24 months of age, who remain vulnerable to severe RSV disease through their…

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  • 29 April
    93

    Hyd-based CtrlS Datacenters to invest Rs 500 cr for greenfield data centre in Bhopal

    CtrlS Datacenters has announced an investment of Rs 500 crore for a greenfield data centre in Bhopal. A virtual groundbreaking ceremony of the facility took place with Madhya Pradesh Chief Minister Mohan Yadav presiding over the proceedings New Delhi: CtrlS Datacenters has announced an investment of Rs 500 crore for a greenfield data centre in Bhopal. A virtual groundbreaking ceremony of the facility took place on Sunday with Madhya Pradesh Chief Minister Mohan Yadav presiding over the proceedings. “The upcoming facility will be built on a 5-acre land parcel allotted by the Madhya Pradesh government in Badwai IT Park, representing a significant investment of Rs 500 crore and is projected to generate around 200 jobs over its phased development. “This…

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  • 28 April
    139

    Royal Enfield launches upgraded 2025 Hunter 350 with new features and colours

    The 2025 Hunter 350 was revealed at HunterHood, Royal Enfield’s inaugural street culture festival, held simultaneously in Mumbai and New Delhi. The event, designed to celebrate urban youth culture, provided the ideal platform for launching the new motorcycle. Hyderabad: Mid-size motorcycle maker Royal Enfield has on Saturday introduced the 2025 Hunter 350, a refreshed and feature-packed version of its popular street roadster. Designed for the “coolest neighbourhoods of the world,” the updated Hunter 350 offers new colour schemes, enhanced comfort, and several key upgrades. The 2025 Hunter 350 was unveiled at HunterHood, Royal Enfield’s first-ever street culture festival held simultaneously in Mumbai and New Delhi. The event, aimed at celebrating the spirit of urban youth culture, served as the perfect launchpad…

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  • 27 April
    150

    Youngest son Anant Ambani appointed as whole-time director at Reliance Industries

    The decision was announced following a board meeting, and the appointment is set to take effect from May 1, 2025. Anant will serve in this role for five years. Hyderabad: In a significant development at Reliance Industries Ltd (RIL), the youngest son, Anant Ambani, was appointed as a whole-time director of the company on Friday. The decision was announced following a board meeting, and the appointment is set to take effect from May 1, 2025. Anant will serve in this role for five years. Anant Ambani, who has been actively associated with the company in various capacities, currently serves as a non-executive director on the RIL board. The appointment follows a recommendation from the Human Resources, Nomination and Remuneration Committee, officials said. This promotion…

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  • 27 April
    126

    India-US have continuous dialogue, communication over bilateral trade agreement: MoS Jitin Prasada

    Prasada made remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York New York: India and the US have a continuous dialogue and communication on the bilateral trade deal and the first tranche is set to roll out by fall this year, Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology Jitin Prasada said. Prasada made these remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York on Friday. India and the US “share a great relationship, and there is continuous dialogue and communication between both countries. The…

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  • 26 April
    143

    Pahalgam attack: IndiGo says some international flights remain impacted

    Amid escalating tensions between India and Pakistan due to the Pahalgam terror attack, Pakistan has barred Indian airlines from using its airspace  New Delhi: IndiGo on Friday said some of its international flights remain impacted by the Pakistan airspace closure and the airline is closely monitoring the situation. On Thursday, the carrier had cancelled some international flights including the flights from Delhi to Almaty and Tashkent. Amid escalating tensions between India and Pakistan due to the Pahalgam terror attack, Pakistan on Thursday barred Indian airlines from using its airspace. The airspace cannot be used by India-registered aircraft as well as planes owned or leased by Indian operators. In a post on X on Friday, IndiGo, which operate around 2,200 flights daily, said, it is…

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  • 26 April
    169

    Sensex, Nifty plunge over one per cent amid geopolitical tensions

    Domestic benchmark indices opened flat to positive in morning trade but turned red during intra-day trade. Sensex and Nifty fell by more than 1 per cent as uncertainty over India-Pakistan relations affected investors’ sentiment Mumbai: Indian stock market saw a sharp decline on Friday within hours of opening of trade, as uncertainty over geopolitical tensions continues to spook the investors. Domestic benchmark indices opened flat to positive in morning trade but turned red during intra-day trade. Sensex and Nifty fell by more than 1 per cent as uncertainty over India-Pakistan relations affected investors’ sentiment. At around 11:55 am, Sensex was trading 1,132.1 points or 1.42 per cent down at 78,669.26 while the Nifty declined 374.40 points or 1.54 per cent at…

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  • 26 April
    100

    Rupee rises 25 paise against dollar amid foreign inflows, hopes of US trade pact

    Forex traders said India is presenting a picture of quiet strength. The Reserve Bank of India, in its recent bulletin, emphasised India’s growing economic resilience, driven by strong macro fundamentals, diverse trade ties, and rising global interest in Indian markets. Mumbai: The rupee gained 25 paise to 85.08 against the US dollar in early trade on Friday, supported by significant foreign fund inflows and the rhetoric from the US trade secretary that India could be the first to sign a trade tariff treaty. Forex traders said India is presenting a picture of quiet strength. The Reserve Bank of India, in its recent bulletin, emphasised India’s growing economic resilience, driven by strong macro fundamentals, diverse trade ties, and rising global interest in…

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