Author: TI Editor

BERLIN (AP) — Flight cancellations at Hamburg Airport after a surprise strike by workers affected more than 40,000 passengers on Sunday, a day before a planned wider protest across Germany amid new contract negotiations. Only 10 of more than 280 scheduled flights went as planned early Sunday, the airport said. Many service desks sat empty as would-be passengers lined up to seek information about the cancellations. One big electronic departure board overhead had “canceled” in red next to the list of all flights. The surprise walkout, which reportedly took place with only about a half-hour advance notice, came before a…

New Delhi: The National Bank for Financing Infrastructure and Development (NaBFID) is in advanced talks with the World Bank to help reduce the cost of financing infrastructure projects, a top official said.The two entities will share credit risk and enhance ratings of corporate bond offerings. The collaboration will leverage credit enhancement facilities to boost creditworthiness and lower borrowing costs for infrastructure firms.“We are talking to the World Bank to share a portion of credit risk associated with our partial credit enhancement (PCE) facility for the infrastructure sector. We have the mandate to guarantee up to 20% of corporate bonds that…

“We have a very strong pipeline of hotels. New constructions are important because they help us build the reputation of the brand, and there is a focus on quality over quantity, and we will be moving away from being known primarily as a “conversion” hotel brand here,” Cuculic said. The company, which has 32 hotels in India, Bangladesh, and Sri Lanka combined, operates in partnership with Delhi-based Sorrel Hospitality Pvt. Ltd, which it signed on in 2016 when the company had about seven hotels here.  Read more: Lemon Tree Hotels stock trades at a discount, but is the juice worth…

Here is a look at how equity and debt categories of NPS schemes have performed over time versus the respective benchmark indices. Past performanceA three-year rolling return analysis of NPS equity schemes — with at least a 10-year track record – showed average returns of 13.5%. Net asset value (NAV) history from 28 February 2015 to 28 February 2025 was considered, with the first three-year return observed on 28 February 2018. In this analysis, returns were rolled daily starting from 28 February 2018. There were 1,699 observations, with calculations based on the historical NAV data sourced from npstrust.org.in. Five NPS…

Kolkata, Mar 9 (PTI) A priest of the Jagannath Temple in Puri on Sunday said he is setting up a 300-room luxury resort with a strong spiritual focus in the holy town. The beachside project would be a pure vegetarian and non-liquor retreat, aiming to offer a “satvik” experience to pilgrims and travellers seeking spiritual serenity with modern comforts, the priest said in a press conference here. The current valuation is ₹200 crore, an official from his team said. “Puri is not just a destination. It is a sacred abode where divinity meets the ocean. The resort will offer a…

Benchmark indices – Nifty50 and BSE Sensex — have witnessed a significant fall in the past few months. From its peak of 26,277 points in September, Nifty50 is currently trading 14 percent down after it pared some of its losses last week.Since Nifty50 comprises large cap companies, this fall is quite noteworthy in large cap mutual funds as well wherein exposure to large cap stocks is 80 percent or more.Here, we examine if there are still some large cap mutual funds which delivered positive returns in the past one year. For the unversed large cap mutual funds refer to the…

Elon Musk, who owns 12% stake in Tesla, has in a explosive claim accused fellow billionaires George Soros, Reid Hoffman, and the ActBlue fundraising organisation over the recent protests that have rocked Tesla. Elon Musk has also cited an unspecified ‘investigation’ into ActBlue while accusing the billionaires of funding Tesla Takedown protests. “An investigation has found 5 ActBlue-funded groups responsible for Tesla “protests”: Troublemakers, Disruption Project, Rise & Resist, Indivisible Project and Democratic Socialists of America. ActBlue funders include George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix”, Elon Musk wrote on X.Also Read | ’F— Musk’: Tesla CEO…

New Delhi, Mar 9 (PTI) The Federation of Hotel & Restaurant Associations of India (FHRAI) on Sunday pitched for delinking the GST on food & beverage services from accommodation charges in hotels. Citing multiple representations made to the authorities, FHRAI emphasized that the current practice of linking F&B taxation to hotel room tariffs is both unfair and operationally challenging for the hospitality industry. Under the prevailing GST framework, restaurants within hotels charging ₹7,500 or more per room per day are subject to 18 per cent GST on F&B services with input tax credit (ITC) benefits, while those in hotels with…

New Delhi, Mar 9 (PTI) The European Union’s (EU) aggressive environmental regulations, particularly the carbon tax, deforestation rules, and supply chain due diligence laws are one of the biggest hurdles in the negotiations for a proposed trade pact with India, economic think tank GTRI said on Sunday. It said that these regulations could impose additional costs on Indian exports. Under the Carbon Border Adjustment Mechanism (CBAM), Indian exports of steel, aluminum, and cement to the EU could face tariffs of 20-35 per cent, even if an FTA is signed, the Global Trade Research Initiative (GTRI) said in its report. This…

With financial year 2024-25 soon coming to an end, only three weeks are remaining before the taxpayers can invest in the tax-saving instruments such as PPF, NSC, KVP, SSY and SCSS.  Taxpayers who wish to claim income tax deduction must invest in these instruments before March 31.Where can taxpayers invest to claim income tax deduction as they file tax return in July 2025?They can invest in the tax-saving instruments mentioned under section 80C, 80CCC and 80CCD(1).Which are the saving instruments one can invest into?Under section 80C, one can invest in small savings schemes such as NSC, Public Provident Fund (PPF),…