India’s goal of meeting its full-year financial targets for FY26 may prove difficult, with a new report from Union Bank of India flagging slower-than-expected growth in corporate and income tax collections. The bank’s report points out that the Centre’s fiscal strategy for FY26 relies heavily on strong tax revenues, even as capital expenditure continues at…
Akasa Air is evaluating new routes to Kenya, Ethiopia, Egypt and other international destinations as part of its next phase of overseas expansion, CEO and founder Vinay Dube said. The three-year-old airline, which has grown steadily since its launch, now feels “very good” about its Boeing aircraft delivery schedule.“Our aircraft are capable of hitting the…
From left, Adarsh Hiremath, Brendan Foody, and Surya Midha (Image credit: NYT News Service) TOI correspondent from Washington: In a stunning testament to the boom in Artificial Intelligence (AI), three 22-year-old high school friends from Silicon Valley, including two Indian-Americans, have become the world’s youngest self-made billionaires.Brendan Foody, Adarsh Hiremath, and Surya Midha, co-founders of…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canadian Prime Minister Mark Carney on Saturday highlighted his country’s “progress” in building partnerships with India and other Asia-Pacific nations, even as tensions with the United States escalate over tariffs. His remarks came days after US President Donald Trump terminated all trade talks with Canada,…
The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with…
The National Company Law Appellate Tribunal (NCLAT) has ruled that the Competition Commission of India (CCI) does not have the power to investigate disputes related to patented products, holding that the Patent Act takes precedence over the Competition Act in such cases, PTI reported.Dismissing an appeal against a CCI order that had closed a complaint…
The Commerce and Industry Ministry has circulated a proposal seeking comments from various central government departments on allowing foreign direct investment (FDI) in the inventory-based model of e-commerce, but only for export activities, PTI reported citing an official.The proposal, initiated by the Directorate General of Foreign Trade (DGFT), aims to boost India’s exports through the…
India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion…
NEW DELHI: As international fast food chain McDonald’s launched its millet bun burger, the Central government called it a “vindication” of Prime Minister Narendra Modi‘s “Millet movement” where he promoted it as “superfood”.“‘Videshi turns to Swadeshi’ as the popular international food chain McDonald’s serves India’s “Millet Bun Burger”, prepared using indigenous technology developed by the…
The Ministry of Road Transport and Highways will now impose penalties on contractors if more than one accident occurs in a year on a specific stretch of National Highway built under the build-operate-transfer (BOT) model, a senior official said.Road Transport and Highways Secretary V Umashankar said the ministry has revised the BOT document to make…
