Global stocks on Monday were dragged down by losses on Wall Street and European equities as fresh uncertainty around tariffs intensified after US President Donald Trump announced new levies following a US Supreme Court ruling last week.Wall Street’s main indexes slid, with software and financials being the biggest drags on the benchmarks. Citigroup was down…
NEW DELHI: In a stern message, finance minister Nirmala Sitharaman on Monday asked banks to focus on core banking and said it was an offence to mis-sell insurance products.“I am glad that RBI is coming up with guidance on why mis-selling will not be entertained. The message should go to the banks that you cannot…
With appraisal season around the corner, conversations about pay hikes, promotions and performance rewards are returning to office corridors as companies reassess compensation strategies.Companies are preparing to roll out an average salary hike of 9.1 per cent in 2026, signalling a shift towards skills-based pay structures rather than uniform annual increments, according to a report,…
Traffic jam in Delhi Mumbai expressway (Photo credit -PTI) More than one lakh motorists stranded during a massive traffic gridlock on the Mumbai-Pune Expressway earlier this month will receive toll refunds worth Rs 5.16 crore, after authorities decided to return charges deducted despite suspension orders.The disruption followed a gas tanker accident on February 3 on…
The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…
Donald Trump (File photo) US President Donald Trump launched a fresh attack on the Supreme Court of the United States, calling it “incompetent” and “ridiculous” after it struck down most of his earlier tariffs, while arguing the ruling had inadvertently handed him broader powers, including the ability to use licensing tools in trade policy.In a…
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…
DALLAS: The Transportation Security Administration said Sunday that its PreCheck program would remain operational despite an earlier announcement from the U.S. Department of Homeland Security that the airport security service was being suspended during the partial government shutdown. ” As staffing constraints arise, TSA will evaluate on a case-by-case basis and adjust operations accordingly,” the…
The sons argued that a plain reading of the Tribunal’s order itself showed that the father had been held not entitled to maintenance. (AI image) In a significant ruling interpreting the scope of the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, the Bombay High Court has held that not every dispute between…
The scale of the suspected fraud is larger than the bank’s third-quarter net profit of Rs 503 crore. (AI image) IDFC First Bank fraud: A Rs 590 crore fraud, at IDFC First Bank’s Chandigarh branch, has led to a massive erosion in investor wealth of over Rs 14,000 crore. The fraud has come to light…
