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Subscribe to enjoy similar stories. Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. But traders are hardly panicking either.

generative AI (GenAI) will significantly enhance the effectiveness of their tax functions, said a study on Thursday. Globally, 87 per cent of leaders echo this sentiment, underscoring GenAI's potential to revolutionize tax functions worldwide, said a EY Tax and Finance Operations (TFO) Survey 2024. Based on insights from 1,600 leaders across 32 countries and 18 industries, including 70 CFOs and tax leaders of leading Indian corporates, the global survey highlighted key challenges in the tax and finance domain. It said, «94 per cent of CFOs and finance and tax leaders in India believe generative AI (GenAI) will significantly enhance the effectiveness of their tax functions — a remarkable increase from just 19 per cent in 2023, highlighting a growing recognition of GenAI's potential in the tax landscape.»

Miao joins a host of high-ranking figures, including two former defence ministers, to fall foul of a sweeping crackdown in the country's military in just over a year. Analysts say corruption may have eroded Chinese combat readiness — raising fears in Beijing as it conducts its largest military build-up in decades.

PTA manufacturing plant at Mangalore, the firm said Thursday. The company, through its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), re-engaged INEOS to support the plant's revitalisation, formalising this renewed collaboration through an Amendment Agreement signed here, it said in a statement. «This marks a significant step towards the revival of GMPL's 1.25 million tonnes per annum purified terephthalic acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ), Mangalore,» the statement said. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realised due to insolvency proceedings. Following GAIL's acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the state-owned firm is now working to overcome the legacy challenges and ensure the plant's successful on-streaming and long-term operational stability.

Lalit Modi, the visionary founder of the Indian Premier League (IPL), has disclosed that his abrupt exit from India in 2010 was triggered by life-threatening warnings from underworld don Dawood Ibrahim. Speaking on Raj Shamani’s Figuring Out podcast, Modi said: “I did leave the country when there was a death threat to me. There was no legal case to start with. Dawood Ibrahim made the threat to me first after IPL-1 because I was also anti-corruption. I didn’t allow any… I was a very strict anti-corruption commissioner.”

Subscribe to enjoy similar stories. New Delhi: Robust sales growth recorded by the Indian government’s generic pharmacy model will put pressure on trade margins in the retail medicine market because of the affordability and quality of the drugs sold, a top official said. The quality certified generic medicines sold at kendras (centres) operating under the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) help to moderate the prices of medicines and create a benchmarking effect, Arunish Chawla, secretary of the Department of Pharmaceuticals, said in an interview toMint.

The S&P/ASX 200 index hit an all-time high of 8,477.10 earlier, its third this month and second this week. It ended the day with a 0.5% increase to 8,444.30.

Dr Reddy's Laboratories on Thursday said it has launched Toripalimab, a drug for the treatment of recurrent or metastatic nasopharyngeal carcinoma in India. Nasopharyngeal carcinoma (NPC) is a rare, aggressive form of head and neck cancer that originates in the nasopharynx, the upper part of the throat. The company has launched Toripalimab, a new biological entity (NBE), Dr Reddy's Laboratories said in a regulatory filing. The medication is the only immuno-oncology drug approved by various regulatory authorities around the world such as the US Food and Drug Administration (USFDA), European Medicines Agency (EMA), Medicines and Healthcare products Regulatory Agency (MHRA), and others for the treatment of adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC), it added.

nuclear-powered submarine INS Arighaat. The test, which took place on Wednesday morning off the coast of Visakhapatnam, was conducted in the Bay of Bengal. The K-4 missile, which is solid-fuelled and has a strike range of 3,500 km, was launched from the 6,000-tonne submarine, first reported by TOI.

General Zhang held a one-on-one meeting with Army Chief Gen Asim Munir on Wednesday, followed by delegation-level discussions. According to the statement, the engagements focused on «matters of mutual interest, regional security dynamics, measures for regional stability, and enhancing bilateral defence cooperation.»

Reuven Azar spoke to about Hamas, how Israel is neutralising the terrorists and the way Hamas is exploiting the aid meant for Palestinians. The conflict in Gaza reignited after Hamas attacked Israel on October 7, 2023. About 2,500 terrorists breached the border into Israel from the Gaza Strip, killing more than 1200 people, including citizens of more than 30 countries, and also took 250 people as hostages. Following the October 7 attack, Israel launched a counter-offensive against Hamas, vowing to eliminate the entire terror group. Ambassador Reuven Azar said that Israel has given «very severe blows» to Hamas.

Subscribe to enjoy similar stories. New Delhi: Indian cows and buffalos may be put on a diet of seaweed to tackle the problem of bovine burps–the methane-emitting scourge in the fight against climate change. Red seaweeds are a well-known diet supplement to control fatulence among ruminants–animals such as cows, buffalos, sheep and deer–that feed on grass.

Subscribe to enjoy similar stories. New Delhi: The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power after the company missed two earlier deadlines citing transmission unavailability, said three people aware of the development. Adani Green’s original deadline of March was extended to September.

If you’re a fan of Canadian beef, you’ve probably noticed that juicy steak on your plate has forced you to dig deeper into your pocket to pay for these days.

Life Insurance Corporation of India is in discussions to acquire as much as half the stake in ManipalCigna Health Insurance, as the country's largest insurer seeks an entry into the fast-growing, yet underserved, market for medical expenses coverage, people familiar with the matter said. ManipalCigna is a joint venture between Manipal Education & Medical Group and US-based Cigna Corporation.

Donald Trump loved to use tariffs during his first presidency

A government official says Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products

U.S. President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell their products more cheaply in the U.S. If enacted, his plans would likely raise prices in...

Subscribe to enjoy similar stories. Arabica coffee prices have hit their highest level since 1977 as concerns grow about tight global supplies. Continuous arabica coffee futures on the ICE rose 2.8% to $3.175 a pound, near the all-time record of $3.356.

Despite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank of Canada since June, the most recent loan officer surveys for both countries showed lending standards actually tightening.

Indian Railways has taken up the mammoth task of screening 22.5 lakh applicants at 346 centres across the country to recruit 18,799 assistant loco pilots. The examination began last Monday and will continue till Friday. It is being held in 15 shifts and 18 languages. «Of the total candidates, 13.5 lakh have already appeared for the exam. In the next two days, nine lakh candidates are expected to appear for the exam,» said a senior official from the Railway Board. The Railway Recruitment Board (RRB) holds examinations for recruitment for various posts in the Indian Railways.