Business
After made-in-India bullet train, new high-speed corridors to get indigenous signalling system
India will develop its own control protocols for high-speed rail. India is aiming to achieve new milestones in manufacturing with its first bullet train project. After deciding to manufacture the high-speed train indigenously for the Mumbai-Ahmedabad bullet train corridor, Indian Railways is now looking at in-house advanced signalling system for other upcoming corridors.Indian Railways is…
ITR filing deadline extension: Is July 31, 2026 the last date to file income tax return? Check latest developments
July 31, 2026 continues to the last date on which salaried taxpayers and pensioners can file their income tax return. ITR filing FY 2025-26 deadline extension: Will the income tax return filing deadline of July 31, 2026 be extended? As of now there is no intimation from the Income Tax Department on extension of the…
Zepto delays listing, looks to raise 1,000 crore in funding
MUMBAI: Zepto is looking to raise about Rs 1,000 crore (around $105 million) in pre-IPO funding, delaying its listing plans for now, people familiar with the matter said.The company is eyeing a valuation of around $4-4.5 billion for the investment, over 30% lower than its last valuation of $7 billion at which it had raised…
Seeking job in US? Trump weighs $100,000 work permit fee from foreign graduates
A proposed $100,000 post-study work fee could make it significantly more expensive for international students to work in the US post graduation The Trump administration is considering imposing a $100,000 fee on international students seeking to work in the United States after graduating from American universities, according to people familiar with the matter, in a…
Tata Steel ends 25-year joint-venture with German company Martrade
MUMBAI: Tata Steel is severing a quarter-century-old partnership with Germany’s Martrade, buying out the logistics group’s 23% stake in their joint shipping venture for Rs 335 crore.The steelmaker is acquiring 41.4 lakh equity shares in TM International Logistics from IQ Martrade Holding Und Management, taking its holding from 51% to 74% once the deal closes;…
NTT Data Payments to take UPI global
MUMBAI: NTT Data Payment Services is working on linking India’s UPI with other fast payment systems across Asia through a hub-based architecture that could eliminate the need for multiple bilateral arrangements, senior executives said, outlining a strategy to simplify cross-border retail payments. The company launched Adaptis – its unified service brand for its digital payment…
E20 Fuel Mileage Drop: Mileage drop due to E20? 2-6%, says 1 minister, 3-5%, says another
NEW DELHI: How much is the estimated drop in fuel efficiency when E20 fuel is used in non-E20-compliant vehicles? While govt rejected claims on social media of substantial loss in mileage due to E20 petrol, transport and petroleum ministries have given slightly different figures.Road transport ministry, citing a study by Automotive Research Association of India…
Flipkart: Flipkart, Amazon mount fee war as race heats up
MUMBAI: As online shopping increasingly becomes the norm in smaller cities and towns, Amazon and Flipkart are mounting a fee war-they are doing away with commissions or fees charged to sellers for transacting on the platforms. The companies have done it twice since last year for a wide range of products across categories priced within…
Crude prices retreat as oil continues flowing through Hormuz alternatives
After a dramatic rally in the previous session, oil prices retreated on Thursday as crude continued to move out of the Middle East even as the US-Iran war widened beyond its primary battlefronts.WTI crude slipped 0.54% to $84.00 a barrel, while Brent crude fell 0.85% to $89.97 a barrel.The decline followed a sharp rebound on…