Tesla’s outlets to open in July with China-made EVs Tesla is set to open its showrooms in July, people familiar with discussions said, kicking off operations as the Elon Musk-led firm hunts for growth, amid falling sales in Europe and China. Tesla’s first set of cars have arrived – Model Y rear-wheel drive SUVs shipped…
File photo: Finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked senior tax officials to prepare plans to improve parameters for GST registration, refund processing, and grievance redressal.During an interaction with senior officials under the Central Board of Indirect Taxes and Customs, FM also asked officials to speed…
Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax…
Finance ministry reported a significant 45% increase in foreign asset and income disclosures (ANI) New Delhi: The finance ministry on Friday said there was a substantial increase in reporting of foreign assets and income, with 2.3 lakh taxpayers disclosing it in their returns in 2023-24, a jump of 45% over the previous year.Amid media reports…
This is an AI-generated image, used for representational purposes only. Amid the escalating Iran-Israel conflict, Indian exporters have suggested shifting cargo operations from Iran’s Bandar Abbas port to the India-managed Chabahar port, citing fears of a wider regional disruption that could severely impact trade with Afghanistan, Central Asia, and Russia.According to the news agency PTI,…
This is an AI-generated image, used for representational purposes only. BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, announced a $100 million third fund, its largest to date. The fund completed its first close with more than 50% of the capital already committed and began deploying capital with two investments…
Sensex soars 1,046 points on foreign buying (Picture credit: ANI) MUMBAI: Strong foreign fund buying supported by speculators’ short covering late in the session on Friday led to a four-figure points jump in the Sensex. After opening marginally higher, the benchmark picked up gains through the session to close 1,046 points or 1.3 per cent…
Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for…
State-owned telecom firm BSNL has entered the 5G fixed wireless access (FWA) space, launching its home broadband service in Hyderabad, the company said on Friday. The move pits BSNL against private sector giants Reliance Jio and Bharti Airtel, which are already offering similar services using their 5G spectrum.“Quantum 5G FWA demonstrates how Indian engineers can…
A US Federal Reserve official said Friday that the central bank could start cutting interest rates as soon as next month, signaling flexibility amid global economic uncertainty and rising geopolitical risks.“We can start the process of bringing rates down, and then if there’s some big shock due to maybe the Middle East conflict, we can…
