India-Indonesia forge ties: AMFI and AMII ink landmark MoU in investment management
The Association of Mutual Funds in India (AMFI) and the Asosiasi Manajer Investasi Indonesia (AMII), the Indonesian Investment Managers Association, signed a Memorandum of Understanding (MoU) on Saturday to strengthen bilateral relations and enhance cooperation between the mutual fund industries of India and Indonesia. The MoU was signed and exchanged
India, Indonesia air connectivity gets a boost with a revised agreement
Indian travellers will have more flight options for Bali as India and Indonesia have revised their air service agreement. While Indonesian carriers will get access to Bengaluru and Hyderabad, Indian airlines will be able to increase flights to Denpasar (Bali), Jakarta or launch new destinations in the country, it is
Government notifies Unified Pension Scheme, to be effective from April 1
The Finance Ministry has notified Unified Pension Scheme (UPS) as an option under National Pension System (NPS). It will come into effect from April 1 this year and has potential to benefit 23 lakh employees. This will be available for government servants who have joined the service on or after
India’s electric car penetration to surge to 9 per cent by FY30: Nomura Report
The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. This shift is part of the country’s broader transition toward sustainable and eco-friendly mobility solutions. The report highlighted that electric
Vizag-bound Air India Express flight returns to Bengaluru due to technical issue
An Air India Express flight traveling from Bengaluru to Visakhapatnam on Saturday returned to the airport here due to a technical issue, airport officials said. The flight, which took off at 10 am, circled over Bengaluru before returning to the airport from where it had originally departed. Airport officials clarified
Specially-designed Vande Bharat train completes trial run in Jammu and Kashmir
Years of hard work and dedication, and some engineering marvels later, the dream of Kashmir’s rail connectivity finally came true as a specially-designed Vande Bharat Express train arrived here on Saturday, completing its trial run. The train, on its maiden trial run, arrived at the Srinagar station in the Nowgam
Some exemptions likely in new income tax regime, inflation adjusted income tax slabs possible: Rakesh Nangia
The Union Budget is expected to bring new Income Tax legislations. What are the changes likely in overall tax structure? Rakesh Nangia, Managing Partner at Nangia & Co LLP, explained in an interview. There is speculation that the new IT legislation will do away with the concept of assessment year
TPG Scion acquires stake in SCHOTT Poonawalla, seeks CCI approval for strategic pharma packaging deal
Global investment giant TPG Group is set to expand its footprint in India’s pharmaceutical packaging industry with its affiliate, TPG Scion SG Pte Ltd, acquiring a stake in SCHOTT Poonawalla Private Limited (SPPL). The deal, which involves a secondary share purchase from Serum Institute of India Pvt Ltd, is currently
Policymakers must tune more into States, says Finance Commission Chief Panagariya
India’s policymakers and thinktanks should focus on studying the States a lot more, Arvind Panagariya, Chairman of 16th Finance Commission suggested on Friday He was speaking at a launch event of first ever ‘Fiscal Health Index 2025’ report prepared by NITI Aayog. “Even though one, including the media, tends to
IndiGo profit slips 18 pc to ₹2,448 crore over forex loss
InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth. While revenue from operations grew 13.7 per cent to ₹22,110