The company manages eight airports across India, including Mumbai, Navi Mumbai, Ahmedabad, and Guwahati, handling over 23 per cent of India’s total passenger traffic. NEW DELHI: India’s largest private airport operator, Adani Airport Holdings Ltd (AAHL), has entered into binding agreements to raise Rs 9,825 crore (about $1 billion) of primary equity capital from a…
The mistake subsequently translated into an additional tax demand. Filing your own income tax return can be a daunting and tedious process for many. That’s when you hire a consultant. But, what if the consultant mixes up your ITR between the new and old income tax regime? You may get a tax notice, and that’s…
Rupee began Wednesday on a weak note, tumbling 21 paise to 94.95 against the US dollar. Rupee began Wednesday on a weak note, tumbling 21 paise to 94.95 against the US dollar as surging crude oil prices and escalating US-Iran tensions weighed on the domestic currency. The fall was partly cushioned by a weaker dollar,…
NEW DELHI: Trusted, timely and interoperable data is key to evidence-based policymaking and data-driven governance, principal secretary to PM Shaktikanta Das said Tuesday in a workshop organised by statistics ministry on strengthening the national data system . MoSPI secretary Saurabh Garg also underscored the need to move from siloed departmental data systems towards an integrated,…
MUMBAI: The unicorn tag is no longer easy to come by for India’s startups. Blame it on the AI boom triggering the flight of substantial foreign capital to the US or investors rejigging their approach in line with the current business landscape: the startup space is undergoing a valuation reset.Data sourced from Tracxn showed that…
Oil prices inch closer to $100 per barrel Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the crude market.Brent crude rose 1.47% to $99.36 a barrel, while US West Texas Intermediate climbed 1.54% to $94.46The…
MUMBAI: Copper and crude oil, two important industrial raw materials for several industries, are on a tear. According to notes from Vedanta and ICICI Securities, a combination of factors like tightening mine supply, especially from Chile, shifting global trade flows amid potential US tariffs on refined copper, and accelerating demand from electrification, renewable energy, power…
Digital asset firms court sovereign funds NEW DELHI: Digital asset firms will court sovereign investors at a Delhi roundtable this week as India pursues “faster, cheaper international payments” while insisting replacing the dollar is not on its agenda. Brics Digital Asset Round Table will gather 50 industry leaders.Organiser SWFI said iBrics summit investors manage $1…
The public issue is likely to remain open on September 18, September 21 and September 22 (representative image) The nearly Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange (NSE) is likely to open for public subscription on September 18 and list on September 25, sources said on Tuesday.The price band for the…
Flipkart grows users faster than Amazon (representative image) Flipkart is adding users faster than Amazon in India, widening its lead in online retail even as quick-commerce platforms rapidly expand and its own rapid-delivery business, Flipkart Minutes, closes in on established rivals less than two years after its launch.Flipkart and Myntra together accounted for 35% of…