Business

The people said the ban does not affect voting rights of Tata Trusts’ nominee directors. Nominee directors, appointed under article 104B, owe their primary fiduciary duty to Tata Sons, and their voting rights under article 121A remain intact unless they resign or are formally removed. MUMBAI: Tata Sons’ board has cleared a fresh capital infusion…

Oil prices edged lower on Thursday after a volatile session, as investors assessed the latest US-Iran strikes and their impact on oil supplies through the Strait of Hormuz.Brent crude stood at $95.33 a barrel, down 30 cents or 0.31% while WTI or West Texas Intermediate was trading at $90.88 a barrel, down 13 cents or…

India’s private sector announced fresh investment projects worth Rs 15.4 lakh core NEW DELHI: Defying expectations, India’s private sector announced fresh investment projects worth Rs 15.4 lakh core in April-June quarter (Q1), a 97% jump compared to corresponding quarter of the previous financial year, latest CMIE data showed. This improvement in confidence was led by…

India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies New Delhi: India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies, with the chiefs of Hyundai Motor India and Maruti Suzuki calling…

Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust MUMBAI: Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust for about Rs 12,100 crore ($1.3 billion). Brookfield and its entities will remain the largest shareholder in the company with a 37%…

For many Indians these days, the real value of gold may lie not in keeping it locked away, but in unlocking it. They say old is gold, and indeed old gold is turning into a golden opportunity for families in India as prices of the yellow metal rise, yielding an asset that is now increasingly…

Although the Form 16 was not available to him, Aggarwal’s Form 26AS contained the details of the TDS that had been deducted. Switching jobs comes with the need for increased vigilance on the income tax front. But what if your Form 16 is delayed and you are unable to file your tax return in time…

India mobilised a record $127.23 billion through foreign-currency deposits under a special central bank programme aimed at strengthening the country’s foreign-exchange liquidity, highlighting the role of the overseas Indian community in supporting the economy during periods of market stress, the Reserve Bank of India said on Wednesday.Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounted for…

Gen Z is one of the more financially aware generations, focusing on financial independence and investing. Love them, hate them, but you can’t ignore them!They may be the generation that has an opinion on everything, and one that everyone has an opinion about, but when it comes to money, Gen Z is rewriting some old…

File photo: An Uber logo is displayed at the company’s headquarters in San Francisco (Picture credit: AP) Uber Technologies will cut about 3,300 jobs, representing roughly 10% of its global workforce, as part of a major restructuring aimed at reducing management layers and reallocating resources towards its core ride-hailing, delivery and robotaxi businesses.The job cuts…