Department Financial News

Tesla will enter India next year. India's Prime Minister's Office has told relevant departments to fast-track Tesla's proposed investment in India by January 2024, ET has reported. Tesla's entry will put a stamp of maturity on India's car market, the third biggest in the world after China and the US.

Growth in personal income tax (PIT) collections may slow a bit in the second half of the current financial year from the impressive 31% seen in the first, as the income tax ((I-T) department aims to make tax refunds to the tune of Rs 2 trillion in the remainder of the year, an official source told FE. “The second-half refunds are likely to be higher than in the year-ago period by around Rs 50,000 crore. This would mean that the refunds in the whole of FY24 would be above Rs 3.5 trillion, as against a little over Rs 3 trillion last year,” the source added.

Delhi Air Pollution: Amid political blame game and court orders, the National Capital’s air quality continues to worsen. On Tuesday, Delhi’s overall air quality slightly improved as the Air Quality Index (AQI) level reached ‘very poor’ category after being in the ‘severe’ category for five consecutive days.

Income Tax raids continued for the fifth consecutive day in the premises linked to Tamil Nadu, Public Works and Highways Department Minister EV Velu at Tiruvannamalai. The search operations were conducted at locations allegedly linked to the Minister. Earlier on Monday, I-T officers also conducted searches at EV Velu's son Kamban's residence in Thiruvannamalai. Kamban currently serves as the Director of Arunai Medical College and Hospital in Thiruvannamalai. The raids at Kamban's residence have been underway since Friday night, as per the sources.

Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs

Priyanka Gandhi Vadra found herself in an amusing situation when a fellow party member presented her with a bouquet devoid of any actual flowers. This incident was captured on camera during a recent rally held by Priyanka Gandhi Vadra during an election rally in Madhya Pradesh, which goes to the polls on November 25. In the video which is doing the rounds on social media, a man appears on stage and hands over what appears to be bouquet to Priyanka Gandhi Vadra who also was seen bursting into laugher upon realizing the flowers were conspicuously absent. She also gestures to the empty wrapper, seemingly inquiring about the whereabouts of the missing flowers.

Australia vs Afghanistan Live Score Updates: AUS vs AFG, World Cup royalty Australia take on a resurgent Afghanistan side at the iconic Wankhede Stadium in Mumbai from 2pm today.The Aussies have made a great comeback in the tournament after being crushed by India and South Africa in their opening two ICC World Cup 2023 matches.David Warner, at the top of the Australian batting line-up, has proved his critics wrong and continues to shine as one of the tournament's top run-scorers.

national capital found itself shrouded in dense smog on Tuesday. Delhi-NCR Air Pollution LIVE The overall air quality of Delhi was recorded in the 'very poor' category with an Air Quality Index (AQI) of 399, according to the System of Air Quality and Weather Forecasting and Research (SAFAR)-India. Air quality at Delhi University was recorded at 461, while the airport at Terminal 3 noted an AQI of 433, Noida at 463, IIT Delhi at 416, and Gurugram at 369, as per SAFAR data at 7 a.m.

Investing.com — Stocks were little changed heading into the closing bell after a days of ups and downs as investors await another week filled with corporate earnings.

India is pulling out all the stops to get Elon Musk's Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET. «Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla's proposed investment in the country was spelt out,» a top official said.

Intel (NASDAQ:INTC) is at the forefront of possibly receiving multi-billion-dollar government funding for secure microchip manufacturing plants serving the U.S. defense and intelligence, according to The Wall Street Journal, which cited people familiar with the matter.

Federal officials say an exotic wildlife preserve owner famous from the popular Netflix series “Tiger King” has plead guilty to animal trafficking and money laundering

₹2 trillion this financial year as higher consumption and costlier natural gas drive it past initial estimates of ₹1.75 trillion, experts at rating agencies said. In the first six months of FY24, fertilizer subsidies have already crossed 63% of the full-year allocation. Out of the ₹1.12 trillion fertilizer subsidy spent this year, about ₹67,926 crore went into urea and ₹42,200 crore into P&K (phosphatic and potassic) fertilizers.

₹12,000 crore of funds to start the redevelopment work at Mumbai’s Dharavi, Asia’s largest slum, two people directly aware of the development said. On 14 July, the Maharashtra government approved the Adani group to redevelop the crowded Dharavi slum—a complex 590-acre cluster of irregular structures, rickety tenements and decrepit buildings sheltering over 900,000 citizens and hundreds of small commercial setups. A special purpose vehicle (SPV), 80% owned by the Adani group and the rest by the Maharashtra government, was formed in September, following which discussions internally and with the state authorities, including the Mumbai Metropolitan Region Development Authority (MMRDA), have been initiated for the $1.5 billion (nearly ₹12,500 crore) investment, according to the people cited above.

The sale of PwC Australia’s public consulting arm to private equity investor Allegro Funds has been approved by the Foreign Investment Review Board, clearing the way for the new company to officially begin operations from November 13.

DUBAI (Reuters) — Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a budget of 246.6 billion dirham ($67.14 billion) for the emirate's government in 2024-2026, the Dubai media office said on Monday.

Former social worker Thea Ramirez has developed an artificial intelligence-powered tool that she says helps social service agencies find the best adoptive parents for some of the nation’s most vulnerable kids

Since allies of Florida Gov. Ron DeSantis took over Walt Disney World’s government earlier this year, morale has deteriorated, the governing district has been politicized and cronyism permeates the organization

Narendra Modi. While addressing the public in the Jodhpur district of poll-bound Rajasthan on Monday, Kharge said the Bharatiya Janata Party (BJP) "first sends these three agency to campaign, then only the Prime Minister goes on poll campaign and delivers speeches". Kharge even asked, “Why are raids happening at the time of elections...Was your intelligence department sleeping for the past five years?" Kharge's statement came days after searches were conducted by the ED at the premises of Rajasthan Congress chief Govind Singh Dotasra in Jaipur and Sikar and Congress candidate from the Mahwa constituency Omprakash Hudla in Dausa.

Google on Monday will try to protect a lucrative piece of its internet empire at the same time it's still entangled in the biggest US antitrust trial in a quarter century. The latest threat will unfold in a San Francisco federal court, where a 10-person jury will decide whether Google's digital payment processing system in the Play Store that distributes apps for phones running on its Android software has been illegally driving up prices for consumers and developers.

ALSO READ: Five things to watch for in these Assembly polls > When will the voting happen in first phase of Chhattisgarh polls? The Chief Electoral Officer of Chhattisgarh said that the voting will take place in two slots. Ten assembly constituencies each will vote in these two separate slots. The first slot is from 8 am to 5 pm and the other slot is from 7 am to 3 am.