The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities.The current framework, last revised in June 2019, is…
Imran Khan and Asim Munir (R) ISLAMABAD: Pakistan’s political battlefield has narrowed to two poles: Field Marshal Asim Munir, the army chief whose influence spans parliament, the judiciary and diplomacy, and Imran Khan, the jailed former prime minister who, despite his incarceration in Rawalpindi’s Adiala Jail, remains the most potent political force in the country,…
The consumer protection regulator CCPA has launched an investigation into ride-sharing services Ola Cabs and Rapido regarding potential unfair trade practices involving ‘advance tipping’. This follows CCPA’s notice to Uber on Wednesday regarding allegations of pressuring customers to provide tips before service completion.Union consumer affairs minister Pralhad Joshi announced on X on Thursday: “CCPA is…
HYDERABAD: Escalation in US-China tariff war sent gold prices soaring past the $3,300/ounce mark for the first time in international spot markets on Wednesday, catapulting the yellow metal to a new high of $3,318, pushing it to within touching distance of the Rs 1 lakh/10 gm (24K) mark in the Indian market.The price surge sent…
President Vladimir Putin has made it clear that Russia will not “roll out the red carpet” for McDonald’s if the fast-food giant seeks to return to the country, as reports emerge of foreign companies showing interest in re-entering the Russian market.McDonald’s exited Russia in 2022 following Western sanctions linked to the Ukraine conflict and sold…
The rupee experienced its strongest weekly gain in a month, closing at 85.37 against the dollar, driven by increased foreign portfolio inflows into Indian equities. A persistently weak dollar and bullish sentiment towards emerging Asian currencies, including the rupee, further contributed to the currency’s rise. Markets were closed on Friday for Good Friday. MUMBAI: The…
ITR: One of the most crucial documents for income tax returns, Form 16 is usually issued by the employer. (AI image) Income Tax Return (ITR) filing FY 2024-25: Filing ITR can be a daunting task for many. Salaried taxpayers are often confused about the documents they need to e-file ITR. One such important document is…
Vladimir Putin and Volodymyr Zelenskyy Russia and Ukraine are gearing up for a new round of direct peace talks in Istanbul next Monday, amid growing international pressure and rising scepticism about Moscow’s intentions.Russian foreign minister Sergei Lavrov informed US state secretary Marco Rubio during a phone call that Moscow was finalising its proposals for the…
Amazon on Monday announced a $20 billion investment to develop two data centre complexes in Pennsylvania, adding to the billions of dollars that Big Tech’s have already poured into the state’s booming data centre industry.The e-commerce giant is planning to construct one data centre next to Susquehanna nuclear power plant, but the plan is now…
The DHS said these people are receiving the mail because immigrants must have used their mail for administrative records. Several US citizens, legally staying in the country, received notices from the Department of Homeland Security asking them to leave the country or else be subjected to potential law enforcement actions. The DHS clarified that it…
