Many Indians looking to transfer money overseas are facing tightened scrutiny from high street banks, demanding to provide detailed proof behind the origin of the funds. This comes as rupee continues to slide against the US dollar and many rush to move their funds abroad. Over the past month, at least two Mumbai-headquartered private sector…
Representative image (AI-generated) The Food Safety and Standards Authority of India (FSSAI) issued a clarification on the use of the word “tea” on food packaging and labelling, stating that only beverages made from the plant Camellia sinensis can legally be sold as tea.According to the press release issued on Wednesday, the food regulator said that…
You might soon be able to grab your favourite bites from that one fast-food giant—right at your local railway station!Leading global and Indian restaurant and food chains have began approaching Indian Railways to seek clarity over the rules for setting up premium food and beverage outlets at railway stations. The fast food chains believe that…
India remains very constantly engaged with the United States to find a mutually beneficial and balanced trade arrangement as early as possible, India’s Ambassador to the US Vinay Mohan Kwatra said.“On trade and tariff…we remain very constantly engaged with the United States Trade Representative (USTR) with the hope to find a mutually beneficial and a…
India’s ambition of exporting goods and services worth $1 trillion by the end of FY26 is likely to remain out of reach, Global Trade Research Initiative (GTRI) predicted in its latest report on Thursday, pointing to weak merchandise shipments due to weak global demand and increasing protectionist trends.Ajay Shrivastava, founder of the economic think tank,…
The December 31, 2025 deadline is significant as it marks the last date for filing both revised and belated income tax returns. (AI image) Income tax refund status: The Income Tax Department has stepped up scrutiny for tax returns and several taxpayers have not received their income tax refunds this year. The delay in tax…
The Indian medium and heavy commercial vehicle (M&HCV) industry appears to be entering the next upcycle, with industry volumes estimated to grow by around 8 per cent year-on-year in FY26 and 10 per cent in FY27, following a period of modest growth, according to a report by Nomura.The report highlighted that improving industry fundamentals are…
India’s premium and luxury housing segment is undergoing a structural expansion, with demand steadily moving beyond traditional metropolitan markets into Tier-2 and Tier-3 cities, according to industry reports and developers.As per Magicbricks, India the country’s luxury housing market is projected to grow at a compounded annual growth rate (CAGR) of 35 per cent, expanding from…
On the upside, MCX Gold has potential to advance toward the 145,000 level in the upcoming sessions. (AI image) Gold and silver price prediction: Gold prices are likely to maintain their uptrend and silver too is showing signs of strength, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his…
Private banks lead small business lending; PSBs lost share in last 2 years: Report NEW DELHI: Private banks continue to dominate enterprise lending to small businesses in India, closely followed by public sector banks (PSBs), though the latter have seen a decline in their market share over the past two years, according to a report…
