The Seamless Tube Manufacturers’ Association of India (STMAI) on Thursday urged the government to introduce a production-linked incentive (PLI) scheme covering at least 10 per cent of exports of their products, ahead of the Union Budget. STMAI President Shiv Kumar Singhal also urged stricter measures to curb illegal imports of seamless pipes, which are affecting…
Airbus has been grappling with a fresh wave of setbacks, highlighting the mounting strain on its sprawling but fragile supply chain. The past week offered a stark reminder that the planemaker is not immune to the production troubles affecting the wider aviation industry, where supply shortages and labour gaps persist even years after the pandemic…
Silver prices continue their upward surge, hitting a record high of Rs 1,84,727 per kg on the Multi-Commodity Exchange (MCX) on Wednesday, following a Rs 3,126 jump in March contract prices. The metal has gained nearly 20 per cent in just one month, climbing from Rs 1,48,717, while the long-term growth remains steep, up 98…
One major change under the new labour codes is the eligibility criteria for gratuity. (AI image) New labour codes 2025 explained: The new labour codes, effective November 21, 2025, have wide reaching implications for both employees and employers. Your salary, both take home and the Cost To Company (CTC), gratuity, provident fund will most likely…
The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…
Saudi Arabia allows visitors from 48 countries to directly convert their driving licenses without a driving test/ Representational Image Just touched down in Saudi Arabia and eager to get behind the wheel? Whether you’re planning to navigate Riyadh’s busy streets or take a leisurely drive through Jeddah, your first step is to figure out if…
Malaysian authorities are stepping up their crackdown on illegal Bitcoin mining after uncovering nearly 14,000 illicit sites over the past five years and reporting about $1.1 billion in power-theft losses for state utility Tenaga Nasional (TNB).With cases rising sharply, including around 3,000 power-theft incidents linked to mining recorded by early October, the government last month…
Manufacturers of smartphones, laptops, televisions and major appliances have indicated plans to hike prices. (AI image) Consumers may soon have to brace for higher prices! The depreciation of the rupee beyond Rs 90 against the US dollar could force various sectors including consumer electronics, beauty products, and automobile manufacturers to increase their prices. This increase…
IndiGo, India’s largest airline, has delayed or cancelled hundreds of flights over the past two days as it struggles with new pilot rest and duty-hour norms, even a month after the aviation regulator implemented them. The airline, which operates around 2,300 domestic and international flights each day, said on Wednesday that a “multitude of unforeseen…
NEW DELHI: Income-tax refunds are facing unusual delays this assessment year, with tax professionals flagging longer processing times even for routine filings. CBDT data shows personal income-tax refunds have fallen to Rs 88,548 crore by early November, compared to Rs 1.42 lakh crore a year earlier. Total refund outgo up to November 10 stands at…
