In a major boost to Tamil Nadu’s industrial and innovation landscape, UK-based Hinduja Group has signed a memorandum of understanding (MoU) with the state government to invest ₹7,500 crore in electric vehicle (EV) infrastructure. The investment will focus on cell and battery manufacturing, battery energy storage systems (BESS), and EV charging stations, and is expected…
New Delhi, September 5, 2025 — The State Bank of India (SBI), in its latest research report, has projected that the recent Goods and Services Tax (GST) reforms will result in a minimal revenue loss of ₹3,700 crore to the central government. The report follows the 56th meeting of the GST Council, which approved a…
New Delhi: Guar gum prices rose by Rs 14 to Rs 9,393 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for October delivery rose by Rs 14, or 0.15 per cent, to Rs…
The recent Goods and Services Tax (GST) rate rationalisation, set to take effect from September 22, is projected to reduce Consumer Price Index (CPI) inflation by approximately 25 basis points (bps), while potentially widening the fiscal deficit by up to 40 bps, according to leading brokerage and policy analysts. The GST Council’s decision to simplify…
Samsung has officially unveiled the Galaxy S25 FE 5G, the latest addition to its popular Fan Edition lineup, promising a refined blend of flagship features and affordability. With hands-on images and early performance impressions now circulating online, the S25 FE is poised to be a compelling mid-tier contender in the Android ecosystem. Here’s a comprehensive…
New Delhi: Cottonseed oil cake prices rose by Rs 3 to Rs 2,962 per quintal in futures trade on Wednesday as speculators created fresh positions amid rising demand. At the NCDEX, cottonseed oil cake contracts for December delivery rose by Rs 3, or 0.10 per cent, to Rs 2,962 per quintal with a turnover of…
MUMBAI, September 3 — U.S.-based high-frequency trading firm Jane Street has formally filed a case against the Securities and Exchange Board of India (SEBI), contesting allegations of market manipulation in India’s equity derivatives segment. The appeal was lodged with the Securities Appellate Tribunal (SAT), marking the firm’s first legal response to SEBI’s interim order issued…
Tata Consultancy Services (TCS), India’s largest IT services firm, has announced annual salary hikes ranging from 4.5% to 7% for the majority of its employees, effective September 1, 2025. The company has also extended double-digit increments—exceeding 10%—to top-performing staff, marking a strategic move to retain talent amid evolving industry dynamics. The hike applies to employees…
New Delhi: Coriander prices rose by Rs 14 to Rs 7,682 per quintal in futures trade on Tuesday as speculators increased the size of their deals following a firm trend in the spot market. At the NCDEX, the price of coriander contract for September delivery rose by Rs 14, or 0.18 percent, to Rs 7,682…
Nearly four years after Citibank’s exit from India’s retail banking sector, Deutsche Bank now seems to be following suit. According to senior bankers who spoke to Moneycontrol on the condition of anonymity, the German lender has decided to withdraw from its retail operations in India as part of its global strategy. A request for non-binding…
