Business News

Business

Digital Transformation in Tax Administration Sparks Unprecedented Surge in Refunds

Over the last decade, digital advancements in tax administration have led to a significant increase in income tax refunds and a decrease in processing time, from 93 days to 17. Thi...

Business

Market Trends and Quarterly Earnings: Key Factors Influencing Stock Investments This Week

Stock investors are focusing on quarterly earnings of bluechip firms, India-US trade talks, and inflation data for market cues. Global trends and foreign investment activities are ...

Business

Cipla Expands into Weight Management Sector in India, CEO Reveals Strategic Move

Cipla announces its entry into the weight management sector in India, as part of its strategy to diversify and strengthen its healthcare portfolio, revealed by CEO Umang Vohra in t...

Business

Mercedes-Benz Announces Price Hike of 1-1.5% Starting September Due to Weak Rupee

Mercedes-Benz plans a 1-1.5% price increase from September due to the weak rupee against the euro, as announced by MD and CEO Santosh Iyer. This adjustment reflects the ongoing cur...

Business

Electronics and Pharma Sectors Dominate with 70% Share in PLI Incentives for 2024-25

Large-scale electronics manufacturing and pharmaceuticals sectors have captured about 70% of the total PLI incentive disbursements in 2024-25, highlighting their pivotal role in In...

Business

Indian Stock Market Takes a Hit: Nifty50 Dips Below 25,100 as BSE Sensex Falls Over 200 Points Amid Trade Uncertainties

Indian stock markets opened lower with Nifty50 below 25,100 and BSE Sensex down over 200 points due to trade uncertainties. Experts suggest ongoing trade talks could keep markets c...

Business

BHP and CATL Forge Strategic Partnership to Revolutionize Mining with Green Technology

BHP Group Ltd. partners with CATL to explore innovative technologies for reducing greenhouse gas emissions in mining operations, focusing on battery development, energy storage, an...

Business

Elon Musk Announces Tesla Shareholders to Decide on xAI Investment Amid SpaceX's $2 Billion Commitment

Elon Musk has announced that Tesla's potential investment in xAI will be decided by a shareholder vote, while SpaceX commits $2 billion to the AI venture. This highlights the signi...