The transformation of Dharavi, Asia’s largest slum, will include a dedicated commercial business district, introducing a strong business and employment focus to the broader urban renewal project. A significant portion of the nearly 600-acre prime land parcel in the heart of Mumbai is being allocated for commercial development, with plans to establish a central business…
For years, influential individuals have employed this scheme of purchasing agricultural property at understated values through cash payments. (AI image) Tax authorities are now scrutinising the often used practice of using agricultural land transactions to conceal unaccounted money. A recent verdict from the Income Tax Appellate Tribunal (ITAT) could potentially disrupt this established practice. According…
Asian equity markets showed strength on Monday, buoyed by optimism over US-Canada trade negotiations and sustained demand in the global technology sector. However, gains were tempered by concerns around upcoming US employment data, which weighed on the dollar. Japan’s Nikkei led the region with a 1.6 per cent gain, supported by strong performances in tech…
US President Donald Trump shakes hands with Prime Minister Narendra Modi during a news conference in the East Room of the White House, in Washington. (AP file photo) US President Donald Trump has said he does not plan to extend the 90-day pause on additional global tariffs beyond July 9, even as India’s trade delegation…
The market trajectory will remain influenced by global factors. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was near 25,600, BSE Sensex was down 100 points. At 9:17 AM, Nifty50 was trading at 25,620.25, down 18 points or 0.068%. BSE Sensex was…
US Supplemental Security Income (SSI) recipients will receive their July payment on Tuesday, July 1, 2025, as the payment schedule returns to normal following a double disbursement in May. In that month, recipients received their regular May payment on May 1 and their June payment early on May 30, since June 1 fell on a…
Remittances constituted over 10% of the total gross current account inflows. Remittances from Indian diaspora hit record high! The overseas Indian community transferred $135.46 billion to India during the previous fiscal year, setting a new record. For over ten years, India has maintained its position as the leading recipient of diaspora remittances globally.The Reserve Bank…
As Canadians gear up for fireworks, backyard barbecues, and community celebrations this Tuesday, July 1, it’s important to know which services and establishments will be open or closed on the Canada Day holiday. Here’s a detailed guide to help you plan your day: Government services Federal and provincial government offices will be closed for the…
Adani Enterprises, the flagship entity of business magnate Gautam Adani, has submitted draft documentation to stock exchanges, outlining plans to secure 10 billion rupees ($117 million) through retail bond offerings, according to Reuters report.The company’s return to the retail bond market comes after its initial debt offering in September 2024, when it successfully gathered 8…
Gold price prediction: The holiday-shortened week ahead could see subdued volumes, but volatility may persist depending on economic data and geopolitical updates. (AI image) Gold price prediction today: Gold prices have been trading lower as geopolitical tensions ease and demand for safe haven assets falls. However, the downside has been capped by a weaker US…
