Union finance Minister Nirmala Sitharaman on Wednesday launched the Goods and Services Tax Appellate Tribunal (GSTAT), positioning it as a landmark reform aimed at clearing a massive backlog of tax disputes and strengthening trust between businesses and the administration. The tribunal will begin hearing cases from December, offering what she described as “a true symbol…
US stocks showed modest gains on Wednesday as Wall Street paused after a strong rally that pushed major indexes to near record highs.The S&P 500 rose 0.1% in early trading following its first loss in four days, while the Dow Jones Industrial Average gained 152 points, or 0.3%, AP reported. The Nasdaq composite was up…
The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per dollar.“The…
Iran’s rial tumbled to an all-time low of 1,074,000 against the US dollar on Wednesday, just ahead of Iranian President Masoud Pezeshkian’s scheduled address at the United Nations, AP reported.The sharp decline follows Supreme Leader Ayatollah Ali Khamenei’s rejection of direct talks with the United States over Iran’s nuclear programme, limiting the scope for diplomacy…
IT stocks fell for a third consecutive day on Wednesday, as concerns over a sharp increase in US H-1B visa fees continued to weigh on investor sentiment. The BSE IT index dropped 0.69 per cent to 34,529.91.Mastek Ltd plunged 3.42 per cent, Infobeans Technologies declined 3.41 per cent, Wipro lost 2.06 per cent, Tech Mahindra…
The official indicated that the ministerial delegation is scheduled to return later this week. (AI image) India-US trade deal: At a time when Commerce minister Piyush Goyal is in America, an official has said that the trade deal talks between India and US are happening at various levels.“Talks are happening at different levels,” an official…
(Image credits: Screen grab from video posted by X @PIB_India) The Union Cabinet has approved the construction of a four-lane section on the Sahebganj-Bettiah NH-139W, a key highway connecting Patna with north-western Bihar.The 79-km project, part of the Bharatmala Pariyojana, will cost Rs 3,822 crore and is expected to enhance connectivity, cut travel time, and…
Individuals on H-1B visas who face layoffs whilst holding an active visa status have a 60-day window to secure alternative employment or depart from the United States. (AI image) Donald Trump’s H-1B visa fee hike may turn out to be a blessing in disguise for techies who have recently been laid off by firms like…
Rs 3,745 cr investment cleared by Cabinet pane (Image credits: ANI) In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu,…
Gautam Adani has issued a letter to shareholders emphasising the group’s commitment to transparency and governance. Gautam Adani, the Adani group’s founder and chairman, has written about the Hindenburg report and recent SEBI clean chit. In a letter to shareholders, Gautam Adani said the Hindenburg report, aimed at weakening the group, has actually strengthened it.Following…
