The crisis changed India in many ways. September 19, 2008: A world wrapped in uncertaintyThe global financial crisis erupted from the US housing market, where easy credit, rising home prices and risky mortgages had fuelled a massive boom. As borrowers defaulted and mortgage-linked assets collapsed, losses spread across banks and financial institutions.Lehman Brothers’ collapse on…
The situation comes as the Strait of Hormuz has remained effectively blocked for months. India needs to diversify its crude and gas suppliers, expand strategic storage and strengthen port infrastructure as growing security tensions in West Asia expose vulnerabilities in the country’s energy supply chains.The latest flare-up involving Saudi Arabia and Yemen’s Houthi rebels has…
The Senate passed the bill 86-11 on August 7. (Photo: ANI) US President Donald Trump on Friday signed into law the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, giving his administration expanded powers to impose sanctions and tariffs on Russia and countries that continue significant purchases of Russian oil and gas.The White…
For resignations, the terms governing notice periods and buyouts are primarily determined by the employment contract. Serving your full notice period can be tricky after resignation, especially if you wish to join the next place of your employment at the earliest.In companies where notice periods can run for several months, moving to a new job…
MUMBAI: A day after Tata Trusts chairman Noel Tata warned that a listing “will destroy” Tata Sons‘ character and “strike at the heart” of an operating model that “has stood the test of time for more than a century”, Shapoorji Pallonji Group (SPG) chairman Shapoor Mistry took the contrary view, describing a public listing as…
RBI rules require upper-layer NBFCs with assets above Rs 1 lakh crore, or with direct or indirect access to public funds, to list MUMBAI: Even as Tata Sons board members remained divided on the reappointment of N Chandrasekaran as chairman, they were unanimous on the need to form a committee to examine options for complying…
Noel voted against Chandrasekaran’s reappointment MUMBAI: The largest shareholder in Tata Sons, Sir Dorabji Tata Trust (SDTT), is weighing legal options including a possible plea before the Mumbai bench of the National Company Law Tribunal, to challenge N Chandrasekaran’s reappointment as chairman for five years, according to people familiar with the matter.The development follows Tata…
Net direct tax collections up 23% NEW DELHI: Direct tax collections grew 15.2% to Rs 14.3 lakh crore in the current financial year up to Sept 17, driven by a faster growth in the corporation tax mop-up.Latest data released by the income tax authorities pointed to a mild pick-up in advance tax payments, whose second…
The Dario Amodei-led startup has said it wants to unlock treatments for rare diseases SAN FRANCISCO: Anthropic has set up a wet lab in San Francisco Bay Area, expanding its artificial intelligence ambitions into physical biology and drug science, according to two people familiar with the matter and company life sciences head Eric Kauderer-Abrams.The Dario…
The extension keeps the restriction in place until September 21, 2027, with limited exceptions for cases deemed to be in the US national interest. US President Donald Trump has extended restrictions on the H-1B nonimmigrant visa programme for another 12 months, keeping in place a $100,000 payment requirement for certain H-1B workers seeking to enter…