Economic Times02.05.2026BusinessIndia
BackIran war: Trump says US Navy acting 'like pirates'
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Business·1 sa önce
CBDT grants income-tax exemption to NCCL's Core Settlement Guarantee Fund
The Central Board of Direct Taxes (CBDT) has granted income-tax exemption to the Core Settlement Guarantee Fund (CSGF) of National Commodity Clearing Ltd (NCCL) for assessment years 2019-20 to 2026-27, ensuring continued tax benefits under the new Income-Tax Act.
Economic Times
يتطور·1 sa önce
India to Crack Down on Drugmakers Selling Unlisted, Irrational Formulations
India's government plans to penalize drugmakers with unlisted products to stop sales of irrational fixed-dose combinations. Expert committees suggest license cancellation for unapproved formulations, as previous measures failed to ensure compliance.
Economic Times
يتطور·2 sa önce
Jamie Dimon Warns Yield-Paying Stablecoins Could Spark 'Shadow Banking' Crisis
JPMorgan Chase CEO Jamie Dimon is strongly opposing the CLARITY Act, warning that stablecoins offering yield could lead to a 'shadow banking' crisis similar to 2008. Banks argue they lack regulatory safeguards, while crypto firms see them as consumer choice.
Times of India
يتطور·2 sa önce
T. rex Skeleton 'Gus' to be Auctioned by Sotheby's for Estimated $20-30 Million
A massive T. rex fossil, nicknamed 'Gus', discovered on a South Dakota cattle ranch, will be auctioned by Sotheby's on July 14, 2026. With an estimated sale price of $20-30 million, it is among the largest and most complete T. rex skeletons ever found, sparking debate about private ownership of scientific discoveries.
TOI World
يتطور·2 sa önce
AI Data Centers Drive Up Electricity Prices, Impacting Households and Local Governments
AI-driven data centers are significantly increasing electricity costs for American households and local governments. Henrico County, Virginia, is facing a 25% rate hike, prompting conservation efforts. Residents also report doubled bills, highlighting the growing strain.
Times of India
مُلِح·3 sa önce
Russia Bans Diesel Exports Amidst Ukrainian Drone Attacks and Domestic Shortages
Russia has banned diesel exports until July 31 to stabilize its domestic fuel market, following Ukrainian drone attacks on refineries that caused shortages and long queues at gas stations. The country plans to import fuel in July.
Economic Times