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Volkswagen’s employee representatives say they have reached a wage deal

Tata Trusts, the single-largest shareholder of Tata Sons, has tightened project monitoring processes, shifting from quarterly to monthly reviews to better manage operational expenses and enhance the on-ground impact of its funds, people familiar with the matter said. The organisation may also prioritise grant-making over direct implementation (DI) projects to further minimise expenses, the people said. An inflated cost structure had led trustees to do an internal audit several months ago, the people said. This revealed many discrepancies, leading the trustees to tighten the monitoring system. Additionally, the Trusts' audit system has been strengthened and it now reports directly to the chief executive, who is responsible for updating the executive committee and board of trustees, people said. Several DI Projects

safety and security applications. The railways had sought an extra 5 MHz of paired spectrum in the 700 MHz band, free of cost, to enhance safety and security systems. Following deliberations with stakeholders, the Trai has recommended assigning an extra 5 MHz to carve a contiguous block of 10 MHz of 700 MHz spectrum for the railways.

Subscribe to enjoy similar stories. State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. States also advocated that macroeconomic challenges should be comprehensively addressed in the Union budget.

There was also demand for state-specific projects on road development and railway, and for the Centre to bear a larger share of land acquisition costs for projects. FM will present the budget in February.

tunnel boring machines to carry out about 21 km under sea tunneling for the Bullet Train project have been placed, the government informed the Rajya Sabha in a written reply on Friday while updating the status of infrastructure projects in Maharashtra. «Construction works on the flagship high speed bullet train project have gathered momentum in Maharashtra. Now 100% land acquisition has been completed. Works of bridges, aqueducts etc. have been taken up,» Railway Minister Ashwini Vaishnaw said. «Meanwhile, all preparatory works required for the working of TBMs (tunnel boring machines) such as construction of shafts etc. have also been taken up,» he added. Shiv Sena (UBT) MP Sanjay Raut wanted to know «whether the government has reduced funding for new railway lines in Maharashtra in recent years», «the critical rail projects which have been delayed due to reduction in funding» and «the steps taken by the government to mitigate potential delays in railway projects to ensure continued regional development and economic progress in Maharashtra».

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

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While Monday’s 2024 Fall Economic Statement contained very little in the way of tax changes, the government did provide further details on its progress toward automatic tax filing, at least for some Canadians.

Owning real estate in India can be a complicated affair for non-resident Indians (NRIs) due to several financial and logistical hurdles. One of the significant challenges is the tax implications for rental income. Tenants paying rent to an NRI landlord are required to deduct 30% tax at source (TDS) along with an additional 4% cess.

Subscribe to enjoy similar stories. Loneliness and social isolation are often discussed as afflictions of the aging process. Adult children move away, spouses and friends begin to die, and suddenly older people can find themselves spending an inordinate amount of time alone.

Nikhil Kamath, co-founder of Zerodha, has consistently emphasized the potential of the energy transition sector as a big investment opportunity. During a podcast with rapper Badshah and actress Kriti Sanon earlier this year, Kamath highlighted the expansive scope of his investments in electric vehicles (EVs), ranging from scooters and buses to trucks, and hinted at the possibility of venturing into air taxis in the future. Towards the end of the year, Kamath reinforced his confidence in this sector through a social media post, underscoring his belief that the transition to electric vehicles is inevitable. He noted that pollution, rather than broader climate issues, could accelerate this shift. Additionally, he pointed out that the reduction in commuting costs per kilometer could help offset the higher initial capital expenditure associated with EVs. «The largest bet this year for me has been that all vehicles will be electric someday; we have invested in everything from scooters to busses to trucks to maybe air taxis next,» Zerodha co-founder said in his post.

Creamy, delectable – and pricey

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans

MrBeast’s ambitious reality show, which the YouTube megastar hopes will expand his massive online reach and turn the corner on recent controversies, is already raising questions from consumer advocates over a partnership with a fintech company

Realty developers’ body CREDAI has written to the finance minister Nirmala Sitharaman urging a review of the proposal as the move would result in a substantial incremental impact on project costs, pushing housing prices up by around 10% across various property markets of the country. “FSI/ additional FSI charges constitute a significant part of the project cost, and the proposal to impose 18% GST on such charges could prove to be counterproductive and act as a deterrent to housing supply and demand, owing to additional financial obligations and increasing housing prices as a direct consequence. We strongly request and recommend to the Government to keep the FSI charges exempt from GST,” said Boman Irani, president, CREDAI.

Buying a second-hand electric car in India can be a smart and eco-friendly choice. Here's a step-by-step guide to help you make the right purchase: 1. Set a budget Decide on your budget based on the car’s brand, model, and condition. Keep in mind that used electric cars may vary in price depending on factors such as age, battery condition, and features.

Honda Cars India on Friday said it will hike prices across its model range by up to 2 per cent from January next year, in order to partially offset the impact of rising input costs. The company sells models like Amaze, City and Elevate in the domestic market. The automaker will increase the prices of its models by up to 2 per cent from the beginning of January 2025, Honda Cars India Vice President — Marketing and Sales Kunal Behl said. The company has been making strong efforts to absorb price increases during this year, ensuring minimal impact on customers, he added.

Sagility India today rallied 5% in early trade to hit its upper circuit and a fresh all-time high of Rs 46.09 on the BSE as global brokerage firm Jefferies initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 52. The target indicates an upside potential of 18% for the stock from its previous closing price.

Indian Oil Corporation (IOC) are in focus after a senior executive of the company stated that it will invest over Rs 21,000 crore to expand its Barauni refinery in Bihar and establish a city gas distribution network across the state. IOC is upgrading the Barauni refinery from a capacity of 6 million tonnes per annum (mtpa) to 9 mtpa, along with a petrochemical plant, at an estimated cost of Rs 16,000 crore.

Bharti Airtel are expected to remain in focus today (Friday, September 20) after the telecom major informed exchanges about pre-paying Rs 3,626 crores to clear all liabilities for spectrum acquired in 2016. The company has prepaid a total of Rs 28,320 crores of spectrum liabilities in this calendar year. «With this, Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65%,» the company filing on Thursday said.