A cut in VAT has been proposed by No 10 to curb inflation and help households with the cost of living crisis. Steve Barclay, the prime minister’s chief of staff, suggested reducing the 20 per cent headline rate of the tax, proposing that a temporary cut would reduce the tax bill for millions and ease inflation, […]
Reliance Brands Limited (RBL) has announced a strategic partnership with global fresh food and organic coffee chain, Pret A Manger, to launch and build the brand in India. With this long-term master franchise partnership, RBL will open the food chain across the country starting with major cities and travel hubs. “Our partnership with Pret is […]
Green energy firm ReNew Power has partnered with United Nations Environment Programme (UNEP) and Self-Employed Women’s Association of India (SEWA) to train 1,000 low-income women salt-pan workers to work in the renewable industry. “In support of India’s clean energy transition, ReNew in partnership with UNEP and SEWA launched ‘Project Surya’ will train 1,000 low-income women […]
TOKYO — The highest temperatures in at least 147 years have scorched much of eastern Japan for a week as of Friday, with the government asking citizens to cut power use as much as possible, while still running air conditioners to stay safe. Read More
The monsoon current finally rolled into Delhi, yielding the season’s first spell of heavy rain on Thursday and bringing down the National Capital’s maximum temperature to 29.4° C, the lowest in four months. Several parts of the city received moderate-to-heavy rainfall, with the Safdarjung observatory recording 116.6 mm precipitation between 8.30 AM and 5.30 PM. […]
Delhiites woke up to a pleasant and cool morning with minimum temperature settling at 23 degrees Celsius, 7 notches below normal, while India Meteorological Department (IMD) forecast a generally cloudy sky with moderate rain on Friday. The maximum temperature in the city is expected to settle at 32 degrees Celsius, it said. “Light to moderate […]
India has raised basic import duty on gold to 12.5 per cent from 7.5 per cent, according to a government notice dated June 30. This step has been taken to reduce influx of gold into the world’s second-largest consumer of the precious metal, after India’s ballooning trade deficit pushed the Rupee to a record low. […]
BOSTON/LONDON — Russia’s invasion of Ukraine has exposed a gap in socially-minded investing – a hands-off approach to geopolitics and human rights. Read More
(Bloomberg) — The European Union suggested changes to its 20-billion-euros ($20.97 billion) plan to finance a shift away from Russian fossil fuels, seeking to alleviate member states’ concerns over the way funds from a carbon market-based tool will be distributed. Read More
NEW YORK — Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last decade in the hope that they can better weather an economic storm. Read More