Brazilian President Lula da Silva expressed hope that the Mercosur-EU free-trade agreement will be signed in January, despite delays caused by opposition from some EU members and farmer protests. European negotiators had initially aimed for a weekend signing, but Italian Prime Minister Meloni requested more time, postponing the deal.
The Indian government has reduced its stake in Indian Overseas Bank (IOB) to 92.44% after completing an offer-for-sale, diluting 2.17% of its equity. This move aligns with Sebi’s minimum public shareholding norms, with a forbearance granted until August 2026 for public sector entities.
IOB stake sale: Govt pares stake via OFS; holding drops to 92.44% Read More »
Power Minister Manohar Lal consulted MPs on the proposed Electricity (Amendment) Bill, 2025, aiming to strengthen the sector by mandating cost-reflective tariffs and empowering regulators.
UltraTech Cement faces a significant Rs 782.2 crore GST demand notice from authorities for alleged short payment and improper input tax credit use between 2018-19 and 2022-23. The company, India’s largest cement producer, stated it is reviewing the order and plans to challenge it, asserting its submissions were not duly considered.
GST notice: UltraTech Cement gets Rs 782 crore notice; company says it will contest Read More »
Taxpayers under the old regime can still claim deductions for charitable donations via Section 80G. New FAQs from the Income Tax Department detail verification processes, emphasizing donor-donee data matching. Remember, cash donations over Rs 2,000 are ineligible, and this benefit isn’t available under the new tax regime.
US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national median sales price continued its upward trend, rising 1.2% year-on-year to $409,200.
India and the Netherlands have launched a Joint Trade and Investment Committee (JTIC) to boost economic ties and resolve trade barriers. An MoU establishes this formal mechanism for annual meetings, co-chaired by senior officials, to review relations, promote investment, and explore mutual cooperation.
A top US Federal Reserve official indicated no immediate need for further interest rate cuts. New York Fed President John Williams believes recent inflation data might be skewed. He suggested December’s inflation figures could offer a clearer picture.
Dense fog grounded operations at Delhi’s Indira Gandhi International Airport on Friday, leading to at least 177 flight cancellations and over 500 delays. Airlines are offering full refunds and free rescheduling, with airport authorities ensuring passenger support amidst ongoing CAT III operations.
