Siemens will deploy ETCS Level 2-based signalling and train control systems under the contract. (AI image) India’s first bullet train project between Ahmedabad and Mumbai is on track despite several delays. A Siemens consortium has now been awarded the contract for signalling and telecom systems on the high-speed rail corridor by National High Speed Rail…
US stock markets edged lower on Tuesday as signs of weaker consumer spending and escalating geopolitical tensions weighed on investor sentiment.The S&P 500 slipped 0.2%, the Dow Jones Industrial Average dipped 42 points (0.1%), and the Nasdaq composite fell 0.2% as of 12:32 p.m. Eastern time.Fresh data showed a decline in US retail sales in…
Sebi on Tuesday barred Sanjiv Bhasin, a former director at IIFL Securities, and 11 others from the securities markets for indulging in share manipulation in a case pertaining to providing stock recommendations on media channels and other social media platforms. Additionally, Sebi directed them to disgorge ill-gotten gains of Rs 11.37 crore. In its 149-page…
China’s President Xi Jinping on Tuesday US President Donald Trump’s tariff imposition and said that the protectionist approach was “bound to harm others and oneself”.“Tariff wars and trade wars have no winners. Unilateralism, protectionism and hegemonism are bound to harm others and oneself,” AFP quoted Xi saying, citing state media Xinhua.He was speaking at the…
Tax Deducted at Source or TDS is the tax that is deducted before making a payment to the recipient. (AI image) ITR filing FY 2024-25: It’s that time of the year when every taxpayer gets together documents to file their income tax return. This year the last date of filing the income tax return has…
The Competition Commission of India (CCI) on Tuesday approved Mahindra & Mahindra’s proposal to acquire 58.96 % of commercial‑vehicle maker SML Isuzu for Rs 555 crore, clearing the way for a wider takeover bid under Sebi rules.“The proposed combination relates to acquisition of SML Isuzu Ltd (Target) by Mahindra and Mahindra Ltd (acquirer),” CCI said…
Pakistan and the United States have agreed to intensify negotiations on reciprocal tariffs with the aim of finalising a bilateral trade deal through continued technical engagement, according to Radio Pakistan.The agreement was reached during a virtual meeting on Monday between Pakistan’s Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick, where the two sides…
The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs 1,407 crore.“The proposed combination comprises the acquisition of at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) of…
The rupee weakened by 30 paise to close at 86.34 against the US dollar on Tuesday, pressured by a sharp rise in global crude oil prices and growing geopolitical uncertainty in the Middle East. A stronger greenback and muted domestic equity markets further weighed on the local unit.At the interbank foreign exchange market, the rupee…
BENGALURU: MakeMyTrip has launched a two-part capital raise comprising a public equity offering and a private convertible note issuance, with the combined proceeds to be used for repurchasing a portion of its Class B shares from Trip.com Group, a travel agency headquartered in Shanghai, China.At MakeMyTrip’s last close of $100.88 apiece, the two transactions total…
