A recent report by financial services firm Jefferies suggests that the government should raise capital expenditure (capex) by 10-12 per cent in the union budget 2025-26 to maintain its focus on infrastructure development and ensure confidence among stakeholders.“10-12 per cent YoY capex growth in Feb budget, based on broadly maintaining capex to GDP ratio, is…
The final payments to victims of Bernie Madoff’s Ponzi scheme are underway, according to the Department of Justice (DOJ). In March 2009, Madoff pleaded guilty to 11 felonies that authorities at the time called the biggest Ponzi scheme in the world. Related: Kevin Bacon Admits He Lost ‘Most’ of His Net Worth to Bernie Madoff’s…
More than nine million U.S. workers across 21 states got a pay bump on Wednesday as the new year ushered in new increases to minimum wage. The increases ranged from 18 cents to $1.75 per hour. Pay went up by $5.7 billion in total from 2024 to 2025, according to the economic research think tank…
NEW DELHI: India’s textiles and apparel exports, including handicrafts, grew by 7 per cent in the April-October period of FY24, reaching $21.35 billion compared to $20 billion during the corresponding period last year, according to government data released on Thursday.The textiles ministry revealed that ready made garments category occupied the largest share of 41 per…
BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns…
NEW DELHI: Honda Cars India Ltd (HCIL) announced a 20 per cent rise in total sales for 2024 on Wednesday, with 1,31,871 units sold compared to 1,10,143 units in 2023. However, domestic sales fell by 18.55 per cent, plunging to 68,650 units in 2024 from 84,289 units the previous year.The company statement revealed that exports…
MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields…
The Income-Tax Department announced an extension for the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January 2025. Previously, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.The department made this announcement in a post…
NEW DELHI: The initial public offer of Indo Farm Equipment Ltd got subscribed nearly 6 times within hours of opening for bidding on Tuesday. The initial share sale received bids for 5,00,12,580 shares, as against 84,70,000 shares on offer, translating into 5.90 times subscription, as per NSE data till 11:57 hours. The Retail Individual Investors…
How much TV can you watch in one weekend? For the first time, Apple is offering customers free two-day access to its streaming service Apple TV+. Apple announced on Monday that new customers worldwide can tap into Apple TV+ for free for the first weekend of 2025, from January 4 to January 5. The ad-free…
