New Delhi: The Centre has extended the suspension of scheduled commercial international flight operations to and from India till November 30. "This restriction shall not apply to international all-cargo operations and flights specifically approved by the Directorate General of Civil Aviation," an official statement said. "However, international scheduled flights may be allowed on select routes by...
Shanghai: Chinese financial technology giant Ant Group is set to raise about $34.5 billion from its initial public offering (IPO) in Hong Kong and Shanghai, surpassing the previous record set by Saudi Aramco’s $29.4 billion IPO in terms of cash raised last year. Ant's IPO values it at $313 billion, larger than some of the...
New Delhi: Finance Minister Nirmala Sitharaman said that India's economic growth in the current financial year may be in the negative zone or near zero amid the ongoing coronavirus pandemic. Speaking at the India Energy Forum of CERAWeek, Sitharaman, however, noted that signs of revival are visible now and India would be among the fastest...
Mumbai: Investors and other market stakeholders from US have asked India's capital market regulator SEBI to bring in reforms in the regulations for initial public offering (IPO), a statement said on Wednesday. SEBI Chairman Ajay Tyagi, along with other SEBI officials, had an e-interaction with various stakeholders including industry and investor associations from the US....
It's been a buckle-up-and-hold-on sort of year for Wall Street and retail investors. The unprecedented uncertainty created by the coronavirus disease 2019 (COVID-19) pandemic shaved 34% off of the benchmark S&P 500 (SNPINDEX: ^GSPC) in a matter of just 33 calendar days during the first quarter. We also witnessed the fastest snap-back rally to new highs from a bear...
The IRS released annual inflation adjustments for 2021 for many tax provisions on Monday, including new income tax brackets and an increased standard deduction. It also announced that contribution limits for 401(k)s and IRAs will not increase next year. For 2021, 401(k) contribution limits, which are based on cost-of-living adjustments, will remain at $19,500 for individuals, plus an additional...
New Delhi: Gold imports by India declined 57.12 per cent in the first half of the current financial year (2020-21) to $6.77 billion as demand has been largely hit by the pandemic. During April-September FY20, the value of gold imports stood at $15.80 billion. As per the Commerce Ministry data, import of the yellow metal last...
New York: Wall Street's major averages closed sharply lower as investors looked to updates on a US stimulus deal, while weighing the impact of a continued increase in coronavirus cases. The Dow Jones Industrial Average dropped 410.89 points, or 1.44 per cent, to 28,195.42. The S&P 500 was down 56.89 points, or 1.63 per cent,...
New Delhi: The Jet Airways rescue deal is sufficient to return the airline to skies, but its new owners will need to quickly raise more capital to turn around the airline, bankers and industry experts said. Lenders to Jet Airways (India) Ltd have accepted a Rs 1,000-crore bid by a consortium of UK-based Kalrock Capital...
