Business

DAINIK NATION BUREAU/DEHRADUN Union Finance Minister Nirmala Sitharaman, in her budget speech on Saturday, announced a significant overhaul of income tax slabs, raising the nil tax slab to ₹12 lakh. This move aims to ease the financial burden on the middle class. Under the revised structure, individuals earning up to ₹12 lakh annually will be fully exempt from paying income ...

DAINIK NATION BUREAU/DEHRADUN An MoU signed between Uttarakhand government and Icelandic company Varkis Consulting Engineers for the exploration and development of geothermal energy in the state. The agreement was signed at the Secretariat in the presence of Iceland’s Ambassador Dr. Benedict Hoskulsson and other senior officials, with Chief Minister Pushkar Singh Dhami participating virtually. CM Dhami termed the MoU as ...

The Indian stock market experienced a significant surge on Monday, driven by expectations of a decisive victory for the National Democratic Alliance (NDA) in the Lok Sabha elections. Investors rushed to buy shares, leading to the biggest gains in over three years, as the Nifty and Sensex indices soared. The Nifty climbed 808 points, or 3.58%, reaching a day’s high ...

Maruti Suzuki India is preparing for the release of the next-generation Maruti Suzuki Swift. It will represent a significant update to the third-generation platform. This revamped version boasts a fresh design, introduces an entirely new engine, and showcases an updated interior layout equipped with additional features. Booking and Launch Date Pre-orders for the upcoming iteration of the Swift have commenced, ...

WhatsApp has issued a warning that it may exit operations if compelled to compromise its end-to-end encryption, Advocate Tejas Karia informed the Delhi High Court during a hearing challenging Rule 4(2) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. Representing WhatsApp, Karia reiterated the platform’s staunch commitment to privacy and encrypted communication, stating that WhatsApp ...

The stock market took a significant hit as the Sensex plummeted by 800 points on Friday. Several factors contributed to this selloff, including a Mauritius link and other significant issues. Mauritius Link and Factors Behind the Selloff Mauritius Link: A major factor in the market downturn was the Mauritius link. Reports emerged indicating that the Financial Intelligence Unit (FIU) of ...

Thomas Cook India and its affiliate SOTC Travel have signed MoU with the Uttarakhand Tourism Development Board (UTDB) to introduce aerial darshans of Adi Kailash and Om Parvat. This has been announced on Wednesday. Its charges would be Rs 90,000 per person, the five-day spiritual tour has been made affordable through subsidies provided by the UTDB. The tour will be ...

Reserve Bank of India (RBI), has maintained its inflation forecast for the current fiscal year at 4.5%, indicating that the inflation target is within reach. This comes amidst concerns over a hot summer ahead, rising crude oil prices, and ongoing supply chain disruptions due to the Red Sea crisis. RBI Governor and MPC Chair Shaktikanta Das compared the current scenario ...

A commercial plant for the recycling of lithium-ion batteries (LIB) and electronic waste (e-waste) is going to establish in Uttarakhand shortly. The plant will be dedicated to the recycling of LIBs and e-waste. This is expected to commence operations soon. Its objective is to address the growing concern of electronic waste accumulation, particularly from used batteries, which can pose environmental ...

Metal stocks witnessed a significant rally on the stock market after positive economic data from China. Hindustan Copper, in particular, surged by 9% in response to the favorable news. This surge was driven by robust economic indicators from China, indicating strong demand for metals. The news lifted sentiments across the metal sector, with many companies experiencing notable gains in their ...