NEW DELHI: Air India Express will invest $70 million (Rs 633 crore) on product upgrade and standardisation as the LCC is going to reposition itself between a low cost and a full service carrier.Sources say the $70 million programme is to upgrade its legacy fleet and standardise the 50 white tails (made for some other…
MUMBAI: India’s coffeehouse chains are staring at a troubling brew. A higher customs duty on roasting, brewing and vending machines which is already in place now, will raise costs for companies, hitting their margins.Factor in the rupee depreciation and a wobbly coffee inflation and you have a perfect mix for stirring up a storm in…
Nvidia CEO Jensen Huang (File photo) NEW DELHI: Days after the moves announced in the Budget, Nvidia CEO Jensen Huang has said that data centres will help replicate success of the internet to create jobs in the country.“We have a giant investment in India and we have a lot of partnerships in India. I prefer…
US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026…
The Unique Identification Authority of India (UIDAI) has deactivated more than 2.5 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide database clean-up exercise aimed at preventing identity misuse and fraud, the government informed Parliament.The move is part of efforts to maintain the accuracy and integrity of the Aadhaar ecosystem, which remains…
US President Donald Trump and Prime Minister Narendra Modi on February 2 surprised everyone with the India–US trade deal, announcing a reduction in tariffs on Indian goods entering the American market from 50% to 18%, lower than those faced by most Asian neighbours.Trump also confirmed that the punitive 25% duty imposed on India for buying…
Russia could face a sharp drop in oil revenues if US President Donald Trump succeeds in pushing India to scale back or halt purchases of Russian crude, potentially forcing Moscow to cut prices to attract alternative buyers, analysts and traders told Reuters.The development comes after Trump said a recent US-India trade deal included provisions linked…
The new income tax regime has seen widespread adoption among individual taxpayers, with about 88 per cent now filing returns under the system, CBDT Chairman Ravi Agrawal said, while clarifying that the government is not considering a sunset clause for the old tax regime.He said the choice between tax regimes continues to remain with taxpayers,…
US equities moved in mixed territory early Wednesday, with technology stocks continuing to weigh on sentiment, while gold prices rebounded and moved back above the $5,000-per-ounce mark as investors sought safe-haven assets.The S&P 500 slipped 0.1% in early trade, coming off its fourth modest decline in the last five sessions. The Dow Jones Industrial Average…
MUMBAI: Optimism in India up 7% on stable governance, policy continuity, and easing pressure from key economic indicators. according to the latest What Worries the World survey by Ipsos.About 69% of Indians now say the country is headed in the right direction, up 7 percentage points in a month, placing India second globally alongside Malaysia…
