Business
Rishikesh-Karnprayag railway line project for Char Dham connectivity boost hits 41 tunnel breakthroughs; RVNL completes 10.847-km Escape Tunnel 1, with 5 more expected within a year
The completion is particularly significant given the difficult geological conditions along the Himalayan alignment. (Image for representative purpose only) The 125 kilometres long Rishikesh-Karnaprayag new railway line, which is currently under construction, has achieved a major milestone with a new tunnel breakthrough. Rail Vikas Nigam Limited (RVNL), which is the implementing body for the project,…
Nitin Gadkari says FASTag lifted toll income by Rs 7,000 crore to over Rs 82,000 crore; full barrier-free rollout by March 2027 could bring government up to Rs 25,000 crore a year
FASTag adoption has already increased toll collections by 10%, or around Rs 7,000 crore. (Image for representative purpose only) Soon, you will be able to travel barrier free across the country with FASTag making the barrier-free tolling system a reality. The full implementation of the electronic toll collection system FASTag could generate an annual benefit…
In 2014, India’s forex reserves were just over $300 billion; 12 years later, amid US-Iran war, they hit a lifetime high of $785.71 billion after a record $44.9 billion weekly jump
Before the war began at the end of February, India’s foreign exchange reserves had already reached a record level. Amid the US-Iran war, India has achieved its highest foreign exchange reserves ever. Back in 2014, India’s forex reserves were around $300 billion. Since then, they have then risen most years, with the last few years…
IPO set to unlock value in group companies holding Tata Sons stake
MUMBAI: Nine Tata companies — seven listed, two unlisted — hold 12.83% of Tata Sons. The listed companies alone account for 11.9%. They have held these stakes for three decades, treated as dead capital, with no exit and no public valuation. That changes if Tata Sons lists, as required under Reserve Bank of India rules…
Businessman paid Rs 6.42 lakh for foreign business travel using wife’s card and then reimbursed her; taxman disallowed it, ITAT Mumbai says nothing in law bars it
The individual said he reimbursed his wife after returning to India. (Image for representative purpose only) You incur business expenses on your wife’s credit card and reimburse her. But the tax department raises an objection. This is what happened with a Mumbai-based business man, who then won partial relief from the ITAT.The Income Tax Appellate…
From policy to code: DPDP creates new privacy roles
BENGALURU: India’s data privacy push is creating demand for a new breed of technology professionals who can translate regulations into working systems, as companies grapple with increasingly complex data environments and rapid adoption of artificial intelligence (AI).Privacy has traditionally been handled by legal, compliance and cybersecurity teams. But as the Digital Personal Data Protection (DPDP)…
Companies hunt for margin, pricing balance
Mumbai: Localisation, using alternatives wherever feasible and removing non-essential product features to cut cost of production. These are some measures brands are undertaking as they prepare for the festival season.CEOs are clear that measured price increases have to be taken amid persistent commodity inflation but margins also have to be sacrificed to an extent to…
Oil prices jump over 2%: Brent tops $107 as fresh Saudi, Strait of Hormuz strikes fuel supply fears
Oil prices rose more than 2% on Monday as fresh Houthi attacks on Saudi Arabia and Iranian strikes on vessels in the Gulf added to supply concerns following the shutdown of a key Saudi oil pipeline.Brent crude futures rose $2.90, or 2.77%, to $107.51 a barrel by 2313 GMT. US West Texas Intermediate (WTI) crude…
FPIs withdraw 13,100 crore from equities in 2 weeks
New Delhi: Foreign investors pulled out Rs 13,138 crore from Indian equities in the first half of Sept, as heightened global uncertainty pushed crude oil prices higher, while rising US bond yields and a firm dollar weighed on risk appetite.The latest outflow comes after Foreign Portfolio Investors (FPIs) turned net buyers in July and Aug,…
Petrol powers half of new cars if hybrids not counted
NEW DELHI: Alternative-fuel vehicles may have overtaken petrol cars in India-but only if hybrids are counted as alternatives. FADA’s Aug registration data showed petrol’s share of passenger-vehicle retail declining to 40.8%, while CNG, electric and hybrid vehicles together reached 41.9%.The crossover appeared to mark a significant change in India’s fuel mix, with alternatives moving ahead…