Govt eases export rules to allow wider invoicing, payments in Indian rupees NEW DELHI: Govt on Thursday tweaked provisions of the Foreign Trade Policy to make it easier for exporters to invoice overseas transactions and receive payments in Indian rupees.“All export contracts and invoices, other than those involving member countries of the Asian Clearing Union…
Sebi bars 2 entities after Sensex CAS manipulation, orders Rs 3.76cr disgorgement MUMBAI: The first Sebi order relating to the recently introduced Closing Auction Session (CAS) system showed how, using money power, large institutions could manipulate the system and turn loss-making trades into profits in their books.In the order published late on Wednesday, Sebi’s investigation…
There seems to be just no stopping ‘Spider-Man: Brand New Day’ at the Indian box office.The film, which completed its third week at the Indian box office, saw a minor drop in numbers as it raked in an estimated Rs 1.75 crore net on Day 22. The Tom Holland-led superhero film recorded a gross collection…
Volkswagen to launch locally made sub-4m SUV in India in 2027, eyes bigger compact SUV play MUMBAI: Volkswagen is adopting a “vocal for local” strategy as the global automotive industry becomes more regional, Thomas Schafer, chief executive of Volkswagen Passenger Cars, said as he announced plans to launch a locally manufactured sub-four-metre compact SUV in…
Niva Bupa says no financial impact from Irdai action, vows steps to safeguard stakeholders MUMBAI: Niva Bupa Health Insurance has been barred from opening new places of business for six months after the insurance regulator found that the company had failed to comply with expense of management limits for 2024-25.Irdai in an order issued Aug…
Centre may cut local-remedy wait for foreign investors from 5 years to 1 NEW DELHI: Seeking to address a long-pending grouse of overseas investors, govt is all set to amend the model bilateral investment treaty (BIT) to allow for international arbitration one year after exhaustion of local remedies, instead of the current five-year clause that…
Noel Tata kicks off Tata Sons succession search MUMBAI: Tata Trusts chairman Noel Tata is understood to have informally kicked off the search process for Tata Sons’ eighth chairman, meeting former HDFC chairman Deepak Parekh at the Taj Wellington Mews Residences in Mumbai on Wednesday, according to people aware of the meeting.The meeting, which also…
Taylor Swift fans are convinced that the pop superstar has a big announcement on the cards.Just a month after her marriage to NFL star Travis Kelce, Swifties noted mysterious green ‘TS’ logos appearing at various locations. While the spottings were first brushed aside, the buzz picked up after the Empire State Building turned green on…
Imran Khan’s transfer follows months of health concerns, including a dispute over worsening vision in his right eye Imprisoned former Pakistan Prime Minister Imran Khan was shifted from Adiala prison to a private hospital in Islamabad after midnight Thursday for a medical examination, news agency AP reported citing Pakistan Tehreek-e-Insaf (PTI) party’s statement.Khan was taken…
A Messi shirt gifted to former Manchester United masseur Rod Thornley has sold for more than six times the price of a Ronaldo jersey from the same collection/Credits: MatchWornShirt A Lionel Messi shirt from his Barcelona days has sold for £48,608 ($66,107) at auction, comfortably exceeding the price paid for a Cristiano Ronaldo shirt sold…