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No plans to levy GST on UPI transactions over Rs 2,000, says Govt
``The claims that the Government is considering levying are completely false, misleading, and without any basis. Currently, there is no such proposal before the government,’’ said the Ministry of Finance in a statement on Friday. New Delhi:The government has denied...
Govt plans to ease nuclear liability laws to attract foreign firms, sources say
A draft law prepared by the department of atomic energy removes a key clause in the Civil Nuclear Liability Damage Act of 2010 that exposes suppliers to unlimited liability for accidents. The draft law also proposes a lower liability cap on small reactor operators at...
SEBI chief urges corporates to raise the bar on governance
Tuhin Kanta Pandey, Chairman, SEBI “As a regulator, SEBI has laid down a comprehensive governance framework on corporate governance. We have taken comprehensive measures to protect the interests of investors and, at the same time, facilitate ease of doing business....
Google holds illegal monopolies in ad tech, US judge finds
The ruling could allow prosecutors to argue for a breakup of Google's advertising products. The U.S. Department of Justice has said that Google should have to sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad...
China bans ‘smart’ and ‘autonomous’ driving terms from vehicle ads
Analysts and industry sources cautioned stricter regulations would increase costs and slow the pace of technology development and adoption. But it could also accelerate a long-overdue consolidation in China’s crowded auto industry that has been grappling with...
ESIC beneficiaries can soon avail medical care in Ayushman Bharat empanelled hospitals: Mandaviya
“The ESIC provides free treatment to around 3.77 crore families, which means around 18 crore individuals, in 165 hospitals and over 1,500 dispensaries in the country. They are also provided treatment in around 2,000 empanelled hospitals. We have now decided to provide...
Trade recalibrations worrisome; India will focus on policy agility, long-term vision: FM
``India's financial markets have shown remarkable resilience despite recent global uncertainties which reflected the faith that retail investors' have in the markets. We offer investors a combination of policy stability and growth, governance and innovation. We will...
Markets surge for 4th day; Sensex reclaims 78k-level amid US-Japan tariff talks, FII inflows
Foreign Institutional Investors (FIIs) bought equities worth Rs 3,936.42 crore on Wednesday, according to exchange data. On Tuesday, FIIs bought equities for Rs 6,065.78 crore. Mumbai: Benchmark indices Sensex and Nifty surged nearly 2 per cent on Thursday,...
HDFC Life’s net profit rises 15% to Rs 475 crore in Q4 FY 25
``As we enter our 25th year of existence, our aspiration remains, against a backdrop of a stable regulatory regime, to consistently outpace sector topline growth, deliver VNB growth in line with APE growth and double key metrics every 4 to 4.5 years.” Vibha Padalkar,...
US agency probes TCS for workers’ bias claims
“Allegations that TCS engages in unlawful discrimination are meritless and misleading,” a TCS spokesperson said. “TCS has a strong track record of being an equal opportunity employer in the U.S., embracing the highest levels of integrity and values in our operations.”...
Falling fertility rates in southern states point to ageing population in future, says Arvind Panagariya
"Southern states in particular, where fertility rates have fallen well below replacement levels, face problematic increases in dependency ratios and ageing populations in the longer run," Finance Commission Chairman Arvind Panagariya Vijayawada: Southern states, where...
Madras High Court bans 28 plastic products in Western Ghats
The bench directed the Tamil Nadu government to issue a notification under the Motor Vehicles Act stipulating a condition that no vehicle shall be used for the transportation/distribution of banned items in the Western Ghats, which includes the Nilgiris and...
US cyber insurance premium shrinking to continue: Fitch
The cyber insurance line was profitable for 2024, but direct written premiums fell for the second straight year due to declining rates and fewer policies in force U.S. cyber insurance renewal premium rates have fallen YoY for the last three quarters and are...
In landmark ruling, UK’s top court says legal definition of woman refers to biological sex
The much anticipated ruling centred on whether a trans woman with a gender recognition certificate (GRC), a formal document giving legal recognition of someone's new gender, is protected from discrimination as a woman under Britain's Equality Act LONDON: Britain's...
CCI clears Patanjali 5 other entities’ proposal to acquire 98% stake in Magma Gen Insurance
Following the CCI approval, Patanjali Ayurved will assume the role of Magma General Insurance's promoter entity. This will further diversify Patanjali's portfolio, which currently focuses on healthcare and FMCG. New Delhi: The Competition Commission of India (CCI) has...
Near misses, fatal crashes force airlines to confront US worried fliers
“You shouldn’t be scared to get on an airplane, but you should be concerned about the future of our air traffic control system,” said Samuel Engel, a senior vice president of ICF Inc. “We are behind on critical investments and we have an unsustainable funding strategy...
Challenges from tariff uncertainty likely credit negative for insurers: AM Best
"Insurance companies have financial exposure to public equities — more so for P/C companies—whose decline will lead to unrealized losses and ultimately, declines in capital.There are 166 P/C insurers that have more than 25% of their assets allocated to equities," said...
Retaliation risk looms for some U.S. corporates as trade war continues: Fitch
The scope of potential retaliation is evolving as the trade war focus shifts to China. This raises the risk for other sectors like technology, agriculture, gaming and autos as some casinos and original equipment manufacturers have licenses or joint ventures in China,...