Wire News

Net direct tax kitty swells 15% to Rs 17.78 lakh crore till February 10

In the revised estimates (RE) for the current fiscal, the government has pegged income tax collections at Rs 12.57 lakh crore, up from the budget estimate of Rs 11.87 lakh crore

North Korea launches a new intercontinental ballistic missile designed to threaten US

North Korean leader Kim Jong Un ordered the missile test and was at the launch site, calling the launch “an appropriate military action” to show North Korea’s resolve to respond to its enemies’ moves that has threatened the North’s safety, according to its Defense Ministry.

Flood and landslide hit Indonesia's Sulawesi island, killing 14

Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, said local rescue chief Mexianus Bekabel.

Gold prices hit record highs on safe-haven demand

Gold prices scaled to a record high on Friday as geopolitical tensions continued to boost demand for the safe-haven metal.

ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand

ADB's FY25 growth forecast aligns with RBI's projection of 7% GDP growth for the current fiscal, citing factors like normal monsoon and steady manufacturing and services sectors.

China’s small-cap crash shows what happens without market rescue

Quantitative hedge funds are seen to have amplified the recent selloff, and authorities have banned some of them from placing sell orders completely along with other measures, Bloomberg reported late Monday.

Qatar looks to sell more LNG to India in sales blitz

Indian buyers are demanding rates that are below previous deals that Qatar has signed in the last few years, the traders said.

Tesla launches Shanghai megapack battery project - Chinese state media

The project is capable of producing 10,000 megapacks per annum, and the ceremony was held in Shanghai, the official Xinhua News Agency reported.

Chhattisgarh cabinet to be expanded on Friday; 9 ministers to be inducted, says CM Sai

Nine MLAs will be sworn in as ministers at the Raj Bhavan at 11:45 am, Sai told reporters on Thursday.

Trump legal clashes reach US Supreme Court as 2024 election nears

The court is poised to play an outsized role in the 2024 presidential election by hearing disputes over Trump's role in the run-up to a Jan. 6, 2021, attack on the U.S. Capitol in which his supporters tried to stop Congress from certifying Joe Biden's election victory.

Nike cuts sales view on choppy demand, outlines $2 bln savings plan

The company said it was seeking $2 billion in savings over the next three years through steps including tightening the supply of some products, improving its supply chain, reducing management layers and increasing the use of automation.

High-speed transportation firm Hyperloop One to shut down

The Los-Angeles-based firm, which completed the world's first passenger ride on a super high-speed levitating pod system in 2020, will sell off its remaining assets, while the employment for its remaining employees will end on Dec. 31 this year.

HAL to demonstrate avionics capabilities at expo in Delhi from Thursday

The expo will unveil a comprehensive range of avionics products designed and developed by HAL

European privacy officials widen ban on Meta's behavioural advertising to most of Europe

Tobias Judin, head of the international section at the Norwegian Data Protection Authority, said that Meta’s business model is not aligned with the interests of the law and users’ fundamental rights.

EAM Jaishankar addresses Indian community in Portugal

Jaishankar, who arrived here on the first leg of his four-day visit to Portugal and Italy with an aim to further bolster India’s bilateral ties with the two key European nations, also appreciated Portugal’s support for India-EU ties.

Gadkari displeased with officials' response to CAG on Dwarka Expressway

Earlier in the month, a political row erupted on the CAG report which flagged the high cost of construction of the Dwarka Expressway.

As auto sector's growth decelerates, is it time for a downshift in valuations?

Signs of demand moderation, high interest rates, weak exports and an expected gradual rise in input costs are factors that call for investor caution

Tesla to spend over $1 billion on Dojo Supercomputer

The company said in its latest earnings release that it had begun production of its “Dojo training computer.”