Friday, 22 June, 2018

Economy

GIFT Tower One, in Gujarat International Finance Tec-City (GIFT City), Gujarat | Dhiraj Singh/Bloomberg

Offshore funds want relaxed rules, tax sops to trade in Gift City

They are seeking the same concessions given to foreign firms based in the upcoming financial hub, like exemption from transaction taxes. Brokerages representin...
Latest news on Kaala | ThePrint.in

Tyeb Mehta’s ‘Kali’ fetches a record Rs 26.4 crore

Mehta surpassed his previous record of the 1994 Untitled painting (Woman on Rickshaw) which was sold for Rs 22.99 crore.
China -US trade war

Trump approves $50 billion tariff on Chinese goods

The US is scheduled to release an updated list of tariff targets Friday, with the duties to be implemented 'shortly'.

China’s pollution crackdown is helping Indian steel, graphite industries

Firms such as HEG, Graphite India and Finolex have benefited from China’s pollution control measures.

Hiring and retiring stuck at consumer body as confusion reigns over selection rules

Between the consumer affairs ministry and the SC, the frequent rule changes in tenure and retirement age have left members and aspirants puzzled.
Devendra Fadnavis

Fadnavis on US & Canada visit looking for investors to make Mumbai a ‘fintech’ hub

Fintech stands for the financial technology sector, which is one of the fastest growing in India.
Dhivya Suryadevara

Indian-American Dhivya Suryadevara to become CFO of General Motors

Suryadevara, currently the vice president of corporate finance, will succeed Chuck Stevens on 1 September.

Vedanta plant’s closure to quadruple India’s copper imports

It won’t help much even if top producer Hindalco boosts its production, because a third of its output is committed for export.

TN government to set up agency to draw foreign investment for MSME sector

CM hopes sector will yield create green alternatives to plastic after the state’s proposed ban kicks in next January.
Customers shop at a roadside market in Alwar, Rajasthan | Anindito Mukherjee/Bloomberg

Cash in villages signals end of struggle for this non-bank lender

Mahindra Financial, which has a presence in about 3.3 lakh villages, forecasts bad loans will continue to shrink as clients’ financial health strengthens.
Illustration by Siddhant Gupta

Article 370: Can Modi revoke it before 2019 and will it heal or hit Kashmir’s ties with rest of Ind...

Barely 48 hours after the BJP pulled out of the alliance with the PDP in Kashmir, talks on revoking Article 370 have gained steam. BJP MP, Sabha Subramanian Swamy in a tweet claimed to have written to the PMO on “why Article 370 can be deleted without Parliament concurrence."
Illustration by Arindam Mukherjee | ThePrint

Thanks to Modi govt’s woolly-headedness, it’s 1993 in Kashmir again

Both countries treat Kashmir as a blood feud, and they will continue the fight till the last Kashmiri.