NEW DELHI: Centre’s fiscal deficit hovered around 18% of the full year’s estimate at the end of the first quarter, despite elevated capex and a slower growth in tax revenue due to the impact of GST rationalisation.During April-June, the Centre’s tax revenue was 3.7% higher at just over Rs 9 lakh crore, compared with a…
US President Donald Trump on Friday threatened to hit Iran “very hard”, as reports suggested his administration was weighing a fresh wave of strikes as early as this weekend, potentially targeting the country’s energy infrastructure.The threat comes after more than five months of conflict, which began on February 28 when the United States and Israel…
NEW DELHI: Apple posted a record June quarter in India, with CEO Tim Cook identifying the country among its best-performing markets globally.During the company’s earnings call, Cook said Apple achieved June-quarter revenue records across every geographic segment, including India, the US, China mainland, Japan, Southeast Asia, Latin America and Western Europe. The company also posted…
MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over…
India’s biggest day at CWG 2026 sees six medals won, 10 boxers reach finals and the tally rise to 23. India enjoyed one of their finest days of the 2026 Commonwealth Games on Friday, collecting six medals across judo and athletics while also producing a flawless performance inside the boxing ring, where all 10 Indian…
MUMBAI: Markets regulator Sebi has banned Zee group’s Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging Zee Entertainment Enterprises (ZEEL)’s land parcels in Hyderabad as a security for personal loans. Chandra has also been fined Rs 60 lakh, Goenka Rs 58 lakh and the company Rs 30 lakh for…
BENGALURU: Cybercriminals are exploiting the income-tax return (ITR) filing season by sending fake income tax department notices over WhatsApp and other messaging platforms, using forged govt documents, cloned tax portals and malware to steal banking credentials and gain remote access to victims’ devices, according to a report by Bengaluru-based cybersecurity firm CloudSek.The campaign comes at…
MUMBAI: Gold loans drove a sharp acceleration in personal lending and overall bank credit, with the segment expanding 93.8% year on year at the end of June 2026, as banks added Rs 74,171 crore in Q1FY27 to take the gold loan book to Rs 5.4 lakh crore.The expansion in gold loans accounted for 13.1% of…
International students are Trump’s next $100,000 visa fee target The Trump administration is weighing a $100,000 fee on Optional Practical Training (OPT), the work permit that allows international students to stay in the United States after graduating from an American university, according to The Wall Street Journal. The proposal comes weeks after a federal court…
MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…
Image: Left/The Telegraph/Right/The Guardian In December 2011, a 44-year-old Swedish man named Peter Skyllberg disappeared while driving through the country’s frozen north. Weeks passed with no sign of him as winter temperatures plunged well below freezing. Then, in February 2012, a group of snowmobilers spotted what looked like the roof of a car protruding from…
NEW DELHI: Average rainfall in India during the second half of monsoon season (Aug-Sept) is most likely to be ‘below normal’, IMD said Friday, flagging the continuing risk of El Niño, which is associated with a weak monsoon.Last month, IMD had cited El Niño’s impact to forecast below normal rains in July. The month’s rainfall…
