Global central banks managing around $5 trillion in reserves are preparing to reduce their reliance on the US dollar, turning instead to gold, the euro and China’s yuan, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF).The OMFIF survey, conducted between March and May across 75 central banks, found that a…
This extension for ITR filing AY 2025-26 applies to taxpayers whose accounts do not require auditing, including salaried individuals, NRIs, and pensioners. (AI image) ITR filing last date FY 2024-25: The Income Tax Return filing deadline or last date for FY 2024-25 has been extended by the Income Tax Department this year. Unlike every year,…
Tata Consultancy Services (TCS), India’s largest software services exporter, has committed over Rs 4,500 crore towards a large-scale expansion. The investment will go into setting up new campuses, leasing office spaces, and building long-term infrastructure in key cities including Bengaluru, Kolkata, Kochi, Hyderabad, Coimbatore, and Visakhapatnam.According to an ET report, this expansion strategy is supported…
ACME Solar marks dual milestone ACME Solar Holdings has fully commissioned its 300 MW Sikar Solar Project in Rajasthan, the company announced on Tuesday. With this, ACME’s operational renewable energy capacity now stands at 2,890 MW.This follows the activation of an additional 60 MW capacity on Monday. Earlier this quarter, the company had brought 240…
Danish pharmaceutical giant Novo Nordisk on Tuesday announced the launch of its anti-obesity drug Wegovy in India, targeting chronic weight management and reduction in major adverse cardiovascular events in adults with obesity or overweight.The launch marks the company’s push into India’s growing obesity market, with Wegovy being made available across urban and rural markets in…
Hindustan Copper Ltd (HCL) plans to bid for critical mineral and rare earth element (REE) blocks in collaboration with state-run energy and transport giants such as Indian Oil Corporation Ltd (IOCL), GAIL (India) Ltd and RITES as part of its diversification strategy, its top executive said.HCL Chairman and Managing Director Sanjiv Kumar Singh told PTI…
Gautam Adani (Pic credit- AP) Billionaire Gautam Adani on Tuesday said drones and anti-drone systems made by his conglomerate played a frontline role in Operation Sindoor — the precision counter-terror strike launched by Indian Armed Forces in direct retaliation for the Pahalgam terror attack.“Operation Sindoor called, and we delivered,” Adani told shareholders at the company’s…
Walmart CEO Doug McMillon US retail giant Walmart is working with Indian suppliers to achieve its goal of sourcing $10 billion worth of goods annually from India by 2027, Walmart CEO Doug McMillon said during his India visit on Tuesday.Walmart announced the target in December 2020, aiming to boost exports in categories like apparel, food,…
According to HSBC’s analysis quoted in the report, India’s current discretionary spending stands at approximately $250 billion. (AI image) India is on the verge of a consumption boom – one that could potentially lead to an annual boost of $30–40 billion! A substantial consumer spending surge of $40 billion is poised to impact India’s economic…
Black box of crashed AI plane not sent abroad (Image credits: ANI) Civil aviation minister K Rammohan Naidu said on Tuesday that the black box from the Air India plane crash in Ahmedabad is being examined by the aircraft accident investigation bureau (AAIB) and dismissed media speculation that it has been sent abroad for analysis.The…
