Asian shares ended mixed on Wednesday as Chinese industrial profits data disappointed and a softer than expected headline inflation figure in Australia raised the prospect of a pause in interest rate rises from the Reserve Bank of Australia. Investors shifted their focus to Fed Chair Jerome Powell’s upcoming remarks after […]

In any war, even the smallest advantage can mean the difference between victory and defeat. To maintain the upper hand, the Department of Defense spent $106 billion on research and development of weapons technology in 2021 alone. And while new and evolving technologies like precision guided missiles and drones have […]

Reflecting strong momentum in business, commercial banks, including one public sector lender, reported a year-on-year (YoY) growth in advances. This was higher than or around the banking sector trend in the first quarter ended June 2023. Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs […]

The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. They now have to declare the nature of their activities from October 1 for tax purposes. The Central Board of Direct Taxes (CBDT) has notified changes in reporting rules where the charitable institutions have to mention whether the activities […]

‘Global coordination, convergence, market complexities and dynamics and cross-border enforcement compound the existing challenges we face.’ Addressing the pending cases is the “top priority” for the new chairperson of the Competition Commission of India, Ravneet Kaur, who took charge last month. A 1988 batch IAS officer of the Punjab cadre, […]

After the income tax department indicated that the Tamilnad Mercantile Bank (TMB) did not provide the complete details of transactions worth up to Rs 3,610 crore, sources told Business Standard that this was due to a technical glitch. The bank has now submitted all the required documents in the past […]

The pace of lending to the infrastructure sector, including power and roads, fell sharply to 1.8 per cent year-on-year (YoY) in May, 2023 compared to 9.8 per cent in May, 2022. Within the segment, the growth in loans to the power sector was at 0.3 per cent YoY in May […]

Bianca Miller Cole shares how to attract Gen Z talent Young job-seekers are giving the thumbs-down to smaller businesses, new findings from Barclays reveal. Just over half (51 percent) of small and medium sized businesses (SMEs) say they are struggling with hires and are concerned that the under-25s (Gen z) aren’t […]