File photo (Pic credit: AP) Asian stock markets mostly declined on Monday, led by sharp losses in Japan after the yen strengthened against the US dollar, hurting exporter stocks. Japan’s benchmark Nikkei 225 fell 1.8% to 52,870.15, weighed down by heavy selling in major exporters such as Toyota Motor Corp., whose shares dropped 4%.Markets across…
MUMBAI: While direct participation by individual investors in the equity market has moderated after record inflows in 2024, Indian households have continued to channel their savings into equities through mutual funds, highlighting sustained confidence in equities as a long-term wealth creation avenue, according to a report by the National Stock Exchange (NSE).The report noted that…
The EB-5 Immigrant Investor Program is emerging as a key pathway for affluent individuals and families seeking permanent residency in the United States, offering a structured route to a green card through capital investment.Designed to stimulate the US economy by generating jobs and attracting foreign capital, the programme does not require employer sponsorship or specific…
Indian Consulate in Seattle hosts business forum ahead of visit by trade mission from Washington state SEATTLE/NEW YORK: Investment opportunities in India across sectors such as AI, ag-tech, quantum and healthcare were highlighted at a business forum in Seattle, as the largest trade mission from the state of Washington is set to visit India. The…
Budget 2026 income tax expectations By Kuldip KumarAs the Union Budget approaches, expectations of major tax giveaways appear muted. However, this Budget may assume significance not for dramatic announcements, but for how the Government balances growth, fiscal discipline, and reform amid a challenging economic environment.A Challenging Economic BackdropThe Honourable Finance Minister faces a complex macroeconomic…
India’s regional connectivity scheme is headed for a revamp, awaiting Cabinet’s approval for a plan that would financially support airlines operating on remote routes to cover potential losses. Launched in 2016, the scheme caps fares on half of the seats to make air travel affordable. However, flights to hinterland destinations often remain commercially unviable due…
The rupee’s slide to a historic low of 92 against the US dollar on January 23 is beginning to pinch wallets, making everything from crude oil, electronics to overseas education and foreign travel more expensive, while offering some relief to exporters.The local currency slid to an all-time low of 92 per dollar during the day…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
NEW DELHI: Amid outflows, foreign portfolio investors (FPIs) have sought a review of the taxes applicable on them, especially capital gains.Those familiar with the deliberations said the issue has been raised with market regulator Sebi as well as govt officials with certainty in tax policies being underlined repeatedly.Apart from high cost of trading in India…
MUMBAI: Chiefs of India’s consumer companies are seeking more tax cuts, wider measures to put money in the hands of the middle-class and support consumption, which has begun to look up after months of sluggishness but runs the risk of being buffeted by external macro factors. CEOs are also pinning hopes on the Budget to…
