E.V. Owners Don’t Pay Gas Taxes. So, Many States Are Charging Them Fees.
Owners of electric cars in Vermont recently got a letter from the Department of Motor Vehicles with some bad news. Starting Jan. 1 they would have to pay $178 a year to register their cars, twice as much as owners of vehicles with internal combustion engines. In imposing the higher
Govt may consider giving agri subsidies via direct benefit transfer: Shivraj Singh Chouhan
New Delhi, Jan 27 (PTI) The government is trying to bring policy-level changes for simplifying agriculture, Union Minister Shivraj Singh Chouhan on Monday said and indicated that providing subsidies on fertiliser, seed and farming equipment through direct benefit transfer could be considered in the future. In an interaction with farmers,
Enhancement to the Scheme for ‘Special Assistance to the States for Capital Investment’ anticipated, ET Infra
NEW DELHI: For the upcoming Union Budget for 2025-26 (Apr-Mar), states will keenly watch if the Ministry of Finance will continue with the 50-year interest free loan for capital expenditure to states. “While states have commenced development activities under the proposed scheme, the benefits of such investments are associated with
Battle for Control: Danny Gaekwad moves to seize 55 per cent stake in Religare, writes to REL Board on competing offer
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he
LTIMindtree Lambu’s task cut out: Balancing AI productivity gains with client expectations
As the newly appointed CEO designate of LTIMindtree, Venu Lambu is tasked with managing client expectations as AI-driven efficiency gains influence deal wins. In the recent earnings commentary, LTIMindtree management spoke about productivity benefits that were passed on to a large client. In this case, LTIMindtree passed on productivity gains
Tata Steel Q3 PAT declines 43% to ₹295 crore
Tata Steel Ltd. reported a 43% decline in third-quarter consolidated net profit to ₹295 crore compared with ₹522 crore in the year-earlier period. Consolidated sales income dropped 3% year-on-year to ₹54,231 crore. On a standalone basis, the company’s net profit for the quarter declined 17% to ₹3,879 crore from
DeepSeek Prompts a Reckoning Across Wall Street and Silicon Valley
Good morning on this action-packed Monday. Mark this week on your “History of Artificial Intelligence Timeline”: The creation of DeepSeek, the Chinese A.I. sensation that we told you about last week, is shaking the technology industry to its core. The super-efficient, open-source software is raising questions about the valuations of
Sugar crushing season may end early on sugarcane shortage in Maharashtra, Karnataka
Despite a late start, the ongoing sugarcane crushing season for the year 2024-25 will likely be curtailed early in Maharashtra and Karnataka for want of sugarcane for crushing. Sugar cane production is estimated lower during the current season as the yield has been affected by pest infestation and water stress
Leadership changes spark concerns over smart city project’s quality and transparency, ET Infra
The abrupt transfer within Hubballi-Dharwad Municipal Corporation (HDMC) has created uncertainty amongst officials regarding the handover of smart city project developments. The situation is particularly complex as Rudresh Gali, who served as managing director of Hubballi-Dharwad Smart City Limited (HDSCL), is set to replace Ishwar Ullagaddi as HDMC commissioner. According
Canara Bank posts 12% increase in Q3 net profit
Canara Bank on Monday reported 12.25% year-on-year growth in net profit for the third quarter ended December 31, 2024 at ₹4,104 crore. During Q3, the bank’s operating profit grew 15.15% to ₹ 7,837 crore. Its domestic deposit stood at ₹12,57,426 crore, a 7.76% year-on-year increase. Domestic advances (gross) stood at