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Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Outgoing Prez Biden to further limit Nvidia's AI chip exports in final push

The result would be an expansion of semiconductor trade restrictions to most of the world - an attempt to control the spread of AI technology at a time of soaring demand

Rupee hedging costs in Indian assets highest since 2022 on bearish bets

Dollar-rupee three-month offshore forward points, the cost of locking in forward dollar purchases, are hovering near the highest since November 2022 reached last week

Private credit firm Neo Asset seeks to raise $700 million for second fund

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

Avendus seeks $466 million as it launches new India private credit fund

The 25 year-old Mumbai-based financial services firm aims to raise as much as Rs 4,000 crore ($466 million) through the fund, that will invest in the debt of mid-sized businesses in the country

Antony Blinken rejects a Trump Greenland grab as 'not going to happen'

In a free-form news conference in Florida on Tuesday, Trump called for the US to absorb Canada and declined to rule out using military force to seize the Panama Canal and Greenland

Biden admin rushes to finish cybersecurity order after China hacks

Among the measures, it directs the government to implement "strong identity authentication and encryption" across communications, according to an undated draft

AstraZeneca and Merck drugs set to shake up treatment of liver cancer

Two late-stage studies published Wednesday in The Lancet show that Astra's Imfinzi and Merck's Keytruda delayed the progress of liver cancer when combined with other drugs and a local treatment

Morgan Stanley plans to hire more Asia wealth relationship managers

The firm's 140 relationship managers in the region could grow to 200 over the next few years, said Vincent Chui, head of wealth management for Asia Pacific

Foxconn, Dixon ask govt to pay pending production-linked subsidies

The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets

UK Tories vie for Elon Musk's attention with grooming gangs probe vote

The Tory party, led by Kemi Badenoch, now spies a political opportunity by backing Musk's call for a full government-led investigation into the scandal

Musk takes slash-and-burn style to Europe after bolstering Donald Trump

It's far from clear what his motivations may be in trashing relations with core US allies in fellow Group of Seven nations where he has significant business interests

JSW Steel's $50 billion Mozambique coal deal frozen amid legal dispute

JSW Steel Ltd. run by Sajjan Jindal - agreed in May to buy Minas de Revuboe from the estate of Ken Talbot, an Australian mining tycoon

Growth of cheap and dirtiest steelmaking tests govt's carbon mission

A lot of new output is emerging from small-scale plants that are relatively easy to build, but highly polluting

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar

Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally

Capital Group duped: Here's how $2.6 trillion fund was taken for a ride

The alleged organier is Ketan Parekh, a former stockbroker the regulator has chased out of the market once before

Centre considers lifting 3-year ban on trade in some crop futures

A final decision will be taken by a group of ministers in Prime Minister Narendra Modi's administration, which will then ask the Securities and Exchange Board of India to lift the curbs or extend them

Meta's fact-checking reversal lets Mark Zuckerberg drop the charade

Zuckerberg said he would now work on issues of free speech with Trump, who, just four years ago, was considered too dangerous even to be a Meta user

Donald Trump's relentless Greenland fixation puts Denmark in spotlight

Greenland has become a source of growing tension between the US and Denmark

Honda showcases US-made EV prototypes as it mulls slowing investments

The two models - a sedan and and SUV - will be built at Honda's plant in Ohio and sold in the US starting early next year