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Subscribe to enjoy similar stories. “THE ACTION that is needed has to be bold and determined," declared Ursula von der Leyen, the president of the European Commission, this week. She was talking about how the European Union should respond to Donald Trump’s habit of tearing up supposedly “ironclad commitments", thereby threatening “European values".

Indian Commonwealth Games champion and Olympian Lakshya Sen bowed out of the All-England Open 2025 after losing his men's singles quarter-final match in Birmingham on Friday. Lakshya Sen, 15th in the men's singles badminton rankings, lost 21-10, 21-16 against reigning Asian Games champion and world No. 6 Shi Feng Li of the People's Republic of China, as per Olympics.com. Sen matched the sixth seed Shi Feng Li shot for shot in the early exchanges to lead 4-3 before the latter picked up nine successive points and took control of the game. The Indian badminton player managed to pick just six points for the rest of the first game as Shi Feng Li comfortably wrapped out the opener. Lakshya Sen mounted a brief comeback to lead Shi Feng Li 11-8 at the second-game interval. However, Shi Feng Li switched gears after the break to win the contest in 45 minutes. This was Lakshya Sen's third defeat in seven meetings against Shi Feng Li.

ITAT) in Mumbai has ruled in favour of an individual who claimed non-resident status for tax purposes as he had spent 210 days abroad for work and job search, according to a TOI report by Lubna Kably. The tribunal clarified that an individual’s tax residency status must be decided only based on the number of days spent in India. M Gulati, the taxpayer, did not disclose his overseas income of Rs 1.2 crore for the financial year 2015-16, asserting that he was a non-resident because he stayed in India for less than 182 days. The Income-tax department, however, contended that of the 210 days spent outside India, 28 days were used to search for employment and thus should not be counted. Based on this, the department treated him as a tax resident, making his global income taxable in India. The ITAT rejected this argument and held that days spent abroad for seeking employment must be considered as valid for determining non-resident status. The tribunal referred to Explanation 1 to section 6(1) of the Income-tax Act, which provides that if a person leaves India for employment purposes, they will be considered a tax resident only if they stay in India for 182 days or more in that year.

Karnataka Cabinet has given its nod for amending the Karnataka Transparency in Public Procurement (KTPP) Act aimed at providing 4 per cent reservation in tenders to Muslim contractors, official sources said. The Cabinet also approved the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Bill, which seeks to provide 'B' khatas to all unauthorised rural properties, similar to the exercise being carried out in urban areas. The bill is expected to cover some 90 lakh rural properties that do not have khatas. According to the sources, the Cabinet discussed a proposal to give 4.24 acres of land belonging to the Agriculture Department in Hebbal for the International Flower Auction Bangalore (IFAB) on a rent-free basis for two years. Discussions were also held on approving financial assistance of Rs 96.77 crore for reconstruction and replacement of equipment at Bangalore Bioinnovation Centre after the January fire incident. The Cabinet discussed measures to reform the Karnataka Public Service Commission (KPSC) on Friday, the sources said.

AIMIM chief Assadudin Owaisi on Friday criticized calls for Muslims to stay indoors or cover themselves during Holi, asserting the community's strength by saying, «We will not run, we are not cowards.» «Some say if you're so scared, you should not offer namaz and stay indoors. They say just like we have covered our mosques, we must cover ourselves also, or else stay indoors,» Owaisi said while addressing a gathering at Chowk-e-Masjid in Telangana's Hyderabad. His remarks were in response to statements by some officials advising Muslims to remain indoors if they did not want to be colored during Holi. In Uttar Pradesh's Sambhal, Circle Officer Anuj Chaudhary had on March 6 suggested that those uncomfortable with colours should stay inside, a comment later backed by UP Chief Minister Yogi Adityanath. Several mosques in Uttar Pradesh were covered with tarpaulin on orders from the local administration to prevent any untoward incidents during Holi celebrations. «Those who migrated to Pakistan were cowards. We will not run, we are not cowards. A Chief Minister said Jumma namaz can be offered at home as well… Who is he to tell us what we can and cannot do?» Owaisi added.

Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company listings. The Stockholm-founded digital payments company’s revenue climbed 24% last year. Klarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of $244 million on revenue of $2.28 billion a year earlier, according to its filing Friday with the US Securities and Exchange Commission. Klarna filed confidentially for the initial public offering in November. Klarna is seeking to raise at least $1 billion in the IPO and is targeting a valuation of more than $15 billion in the listing, Bloomberg News reported. The company and some of its shareholders are selling shares in the offering, the filing shows.

annual cash bonus of up to $2 million, the company said in a regulatory filing on Friday. The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18. Tan's employment agreement includes a three-year performance target, making him eligible to keep two-thirds of his stock awards if a «change in control» or a significant shift in the ownership takes place within 18 months of his joining.

Subscribe to enjoy similar stories. The stock buyback drought continues at Berkshire Hathaway. The company didn’t repurchase any shares from Feb.

Donald Trump to be signed into law. The essentially party-line vote, 54-46, reflected gnawing Democratic angst over how to confront the Trump administration as its Department of Government Efficiency fires federal workers and dismantles operations. Democrats argued over whether to fight even risking a shutdown and fumed that Republicans drafted a measure that included little of their input, shortchanging health care, housing and other priorities. But in the end, enough of the Democratic senators decided a government shutdown would be even worse, and backed Senate Democratic leader Chuck Schumer's strategy to allow the bill to come forward. «A shutdown will allow DOGE to shift into overdrive,» Schumer said. «Donald Trump and Elon Musk would be free to destroy vital government services at a much faster rate.» Democrats were confronted with two painful options: allowing passage of a bill they believe gives President Donald Trump vast discretion on spending decisions or voting no and letting funding lapse. All told, 10 Democrats voted to break the party's filibuster to advance the bill to a final vote. On final passage, two Democrats supported the bill, and one Republican, Sen. Rand Paul of Kentucky, opposed it. It funds the government for another six months.

Subscribe to enjoy similar stories. Sorting through hundreds or thousands of resumes and conducting early-stage interviews is challenging and time-consuming. It leads to delays in the hiring process and inconsistent candidate experiences.

Subscribe to enjoy similar stories. Air India’s journey under the Tata group has been replete with mis-steps. The latest was on 5 March when an Air India aircraft headed to Delhi had to fly back to Chicago as eight of the 12 lavatories in the aircraft had become unserviceable.

Subscribe to enjoy similar stories. Asset management companies have been major beneficiaries of India’s rising equity penetration since the pandemic years. These stocks have delivered strong returns over the past two years and their assets under management (AUM) have surged more than 200% over the previous five years.

healthcare costs and insurance premiums, many Indians are opting for premium-financing loans to maintain or increase their health coverage. Startups such as Finsall, Bimpay Finsure and InsurFin, which specialise in insurance premium financing, are seeing increasing demand for such loans. Finsall and Bimpay said they get around 7,000 new customers each month. The average loan is for Rs 40,000 and the interest rate ranges from 12% to 16% on a reducing balance basis, depending on the borrower's credit profile.

comeback programmes — designed to help professionals, primarily women, re-enter the workforce after a career break — are paying off for companies, but there's still a long way to go, say experts. Companies that have adopted returnship programmes are seeing the benefits: access to a bigger pool of talent, improved diversity and low attrition rates among the returnees. Alumni of these programmes often become the organisation's strongest advocates, frequently referring friends, former colleagues and other professionals. «Returnships are likely to become a standard part of talent acquisition strategies as companies realise their strategic value in addressing skill shortages and promoting diversity,» said Shilpa Khanna, people advisory leader, India, at professional services firm Aon. «The vision is for all talent that is interested to work have a fair and objective chance of returning to the workforce, get relevant support to be successful and not be discriminated against for stepping away from their careers,» Khanna said.

Alberta’s proven natural gas reserves have increased nearly sixfold to 130 trillion cubic feet since they were last assessed, according to a new study, giving Canada’s oilpatch leaders something to show off this week at a Texas oil summit in hopes of turning heads and capital flows northward.

I rarely get any physical mail anymore. In fact, if it weren’t for my weekly New Yorker magazine subscription, my mail carrier would have no reason to visit my front stoop. Over a decade ago, I switched all my bills (hydro, natural gas, home internet, credit cards, etc.) to email delivery, and this includes most tax slips, as well as correspondence from the Canada Revenue Agency.

Cocoa futures on the ICE exchange hit four-month lows on Friday and headed for 3% losses for the week, amid a large increase in ICE-certified stocks and benign weather forecasts for West Africa. London cocoa fell 3.6% to 6,110 pounds per metric ton at 1259 GMT. Dealers noted ICE-certified stocks have shot up to their highest since early January ahead of the expiry of the front month cocoa contract later this session.

Maharashtra Assembly polls, the Congress has invited deputy chief ministers Eknath Shinde of the Shiv Sena and Ajit Pawar of the Nationalist Congress Party to join the opposition. Former state Congress chief Nana Patole on Friday claimed that the opposition would give both Shinde and Pawar the position of chief minister if they join the opposition in toppling the government. «We are a national party. If they (Shinde and Pawar) join us, we will support them.

Major Index Rebounds

The fees are being collected at hotels during check-in and are deposited into the Tourism Sustainability Development (TSD) Fund to improve tourism infrastructure and services across the state, the officials said. All tourists, barring children under the age of five are being charged the amount for stay for up to 30 days, they said.

A Japanese rock band opened for a German post-punk trio followed by an alternative group from New Zealand. And that was just day one at the New Colossus Festival, held last week. The six-day event takes its name from the poem cast on the Statue of Liberty, viewed as a welcome message for new immigrants: «Give me your tired, your poor, Your huddled masses....»