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Business

Indian Bank Fined by Sri Lanka Central Bank Over Financial Reporting Violations

The Central Bank of Sri Lanka has fined state-owned Indian Bank Rs 5.8 lakh for non-compliance with the Financial Transactions Reporting Act, as reported by Indian Bank to the bour...

Business

Government Focuses on Enhancing Public Spending Quality Amid Global Economic Challenges

The Finance Ministry emphasizes improving public spending quality and strengthening social security amidst global economic challenges. The government aims to reduce fiscal deficit ...

Business

Exciting Trading Sessions Announced on Budget Day: What You Need to Know

MUMBAI: BSE and NSE announce special trading sessions from 9 am to 4 pm on Budget day, Feb 1, providing ample time for traders and investors to react to budget announcements.

Business

Cooked Books in 11 Distilleries Lead to Massive Tax Shortfall

CAG audit reveals under-reporting of sales by 11 distilleries and breweries, leading to an estimated tax shortfall of Rs 12,800 crore over 10 years. The report highlights deficienc...

Business

Ford's Generous Donation: A Fleet of Vehicles and $1 Million for Trump's Inauguration

Ford Motors Company pledges $1 million and a fleet of vehicles for Trump's inauguration, joining other tech giants in significant contributions to the incoming administration.

Business

Rio Tinto's $6.7B Deal: Shaping the Future of Lithium Mining

Arcadium Lithium's shareholders approve Rio Tinto's $6.7B acquisition, expected to close in mid-2025 and make Rio Tinto the world's third-largest lithium miner. Regulatory approval...

Business

ADB Grants $500 Million to Boost Sustainable Infrastructure in India

The Government of India and the Asian Development Bank have signed a $500 million loan agreement to support green and sustainable infrastructure projects aligned with India's clima...

Business

Nissan-Honda Merger: A Global Move with India as a Hurdle

Honda and Nissan consider a global merger to tackle business challenges, but India's independent setups and Renault's presence complicate matters. Mitsubishi's negligible operation...