The Bombay High Court has set aside a magistrate’s order that issued notice to HDFC Bank Managing Director and CEO Sashidhar Jagdishan in a defamation complaint filed by the trustee of Lilavati Kirtilal Mehta Medical Trust. Justice S.M. Modak, in an oral order delivered on August 5, held that the magistrate erred by issuing the...
The India–Pakistan showdown at the Asia Cup 2025 has triggered a record surge in television advertising rates, with a 10-second ad spot priced at an unprecedented ₹16 lakh, according to an ET report. The marquee Group A clash, scheduled for September 14 at the Dubai International Cricket Stadium, is expected to be the most-watched sporting...
Prime Minister Narendra Modi on Sunday inaugurated two major national highway projects worth ₹11,000 crore at Rohini, Delhi, aimed at boosting connectivity and easing congestion in the National Capital Region (NCR). The projects include the Delhi section of the Dwarka Expressway and the Urban Extension Road-II (UER-II), designed to enhance mobility, cut travel time, and...
The Central Government has announced a comprehensive update of key economic indicators, including the Wholesale Price Index (WPI), Index of Industrial Production (IIP), and the introduction of a new Producer Price Index (PPI), all aligned to the 2022-23 base year. This initiative aims to make inflation measurement and industrial output data more reflective of the...
Prime Minister Narendra Modi, during his Independence Day address, announced a major revamp of the Goods and Services Tax (GST) system, promising to roll out next-generation GST reforms with significantly lower tax rates this Diwali. Calling it a “great festive gift” for the nation, Modi said the overhaul would simplify the tax structure and provide...
ICICI Bank has announced a significant revision in its minimum balance requirement policy following public criticism. In an official release on Wednesday, the private sector lender stated that it has withdrawn the earlier mandate of maintaining a minimum balance of ₹50,000 for new savings accounts opened by metro and urban customers. The revised minimum balance...
New Delhi: Sources indicated on Wednesday that Chinese Foreign Minister Wang Yi is expected to visit India this month. As per the sources, the Chinese Foreign Minister is anticipated to participate in SR (Special Representative)-level discussions. National Security Advisor (NSA) Ajit Doval will act as India’s special representative. In recent months, India and China have...
The chief of the Pakistani Army, Air Marshall Asim Munir, reiterated his anti-India stance by describing Kashmir as Pakistan’s “jugular vein” during a speech to the Pakistani community in Florida, USA. As reported, Munir stated that Kashmir is “not merely an internal issue for India but rather an unfinished international agenda. As the Quaid-e-Azam articulated,...
On Monday, Union Finance Minister Nirmala Sitharaman unveiled the updated New Income Tax Bill, 2025, which aims to replace the current Income Tax Act of 1961. This revised Bill was introduced after incorporating nearly all recommendations from the Select Committee. The Finance Minister presented the amended Bill following the suggestions made by the Select Committee,...
New Delhi: Indian auto component manufacturers have a considerable opportunity to enhance their exports, particularly within the independent aftermarket sector, as indicated by a report from EY-Parthenon. The report emphasized that the global auto component market presents robust growth opportunities for Indian suppliers, with nations such as Brazil, Indonesia, Colombia, and various regions in Africa...