Taxing the rich will fetch nothing; only votes, argues Debashis Basu. Recently, Bloomberg reported India was preparing to overhaul its direct tax laws to help ‘Prime Minister Narendra Modi reduce widening income inequality’. Already, in the recent Budget, the government decided to tax debt funds at the normal income-tax rate. […]

As Indian Railways looks to avert the crisis like last summer, preparations are under way to stock up coal at thermal power plants. Much like February and March, thermal coal movement in April was 5 per cent higher than the previous year, data from the Ministry of Railways shows. While […]

Starbucks is one of the most successful fast-food chains in the world. Its revenue per quarter is over $8 billion. It has over 35,000 stores worldwide. Starbucks does so well because it charges an extraordinary price for its coffee. The most expensive drink at Starbucks is the Honey Almond Milk […]

A humanitarian and peace activist who has spent more than 25 years restoring agriculture in former conflict zones has been named as the 2023 World Food Prize Laureate. The World Food Prize Foundation will award the honor to Heidi Kuhn, 65, for her farmer-focused development model that revitalizes farmland, food […]

With quarter after quarter of disastrous results and a turnaround plan that lost its way early on, Peloton Interactive Inc. (NASDAQ: PTON) made a recall recently that will end its run as a viable public company. (Customers are abandoning these 25 brands.) Peloton recalled 2.2 million of its bikes and […]

The ownership by domestic investors, individual as well as institutional, in companies listed on the National Stock Exchange (NSE) has breached the 25 per cent mark for the first time. The share stood at 25.72 per cent at the end of the March 2023 quarter, up from 24.44 per cent […]

‘As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.’ Equity and bond markets have started to look beyond the near-term outlook of subdued growth and elevated inflation as the drivers […]

CNN Worldwide CEO Chris Licht defended the network’s town hall with Donald Trump amid criticism that the network was giving the former president a platform to spew lies and misinformation. On the network’s morning editorial call, Licht said, “I absolutely unequivocally believe America was served very well by what we […]

A new stage musical based on the classic Nancy Drew adventure book series is in the works from Little Mermaid composer Alan Menken, Legally Blonde lyricist Nell Benjamin, book by two-time Oscar winner Sarah Kernochan and direction by frequent Stephen Sondheim collaborator James Lapine. Nancy Drew and the Mystery at […]

The euro area private sector economy expanded at the fastest pace in almost a year in April solely reflecting the growth in services activity, final data from S&P Global showed Thursday. The HCOB final composite output index improved to 54.1 in April from 53.7 in March. The score has remained […]