Economic Times4/20/2026BusinessIndia
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Developing·20m ago
PFRDA Forms ASCEND Committee to Attract Global Pension Capital to India
PFRDA has established the ASCEND committee to create a roadmap for attracting global pension capital into India. This initiative aims to foster collaborations between Indian and global pension funds, promoting co-investment platforms to finance infrastructure and boost economic development, ultimately benefiting NPS subscribers with diversified, risk-adjusted returns.
Economic Times
Developing·21m ago
Mumbai ITAT Rules Demerger Share Issuance by Holding Company Invalidates Loss Carry-Forward
The Mumbai ITAT ruled that a demerger is not tax-neutral if shares are issued by the holding company instead of the subsidiary receiving the business. This decision impacts corporate restructuring, requiring companies to re-evaluate demerger structures and their tax implications under the Income-tax Act.
Economic Times
Developing·1h ago
India's Chief Economic Adviser Urges Industry to Invest in Skilling and Innovation Amidst AI Disruption
Chief Economic Adviser V Anantha Nageswaran urged Indian industry to invest in skilling and innovation to counter AI's impact on business models. He highlighted government support for Global Capability Centres (GCCs) and encouraged their expansion beyond metros, emphasizing a shift from cost-based execution to capability and innovation.
Economic Times
Developing·59m ago
India's US Treasury Holdings Hit Six-Year Low Amid Gold Reserve Increase
India's holdings of US Treasury securities have fallen to a near six-year low of $181 billion in April, as the Reserve Bank of India diversifies its foreign asset portfolio by increasing gold reserves to 881 metric tonnes.
Times of India
Business·1h ago
Gold Prices Stable Across Indian Cities on July 9, 2026; Tanishq Sees Minor Rise
Gold prices remained largely steady in major Indian cities on July 9, 2026. Tanishq showed a slight increase in 22K gold jewellery prices from the previous day, while other retailers like Malabar Gold & Diamonds saw adjustments. Consumers are advised to compare rates across brands. The India Bullion and Jewellers Association also released updated rates.
Economic Times
Business·1h ago
Harry and Meghan's Net Worth in 2026: A Financial Breakdown
Prince Harry and Meghan Markle have built significant wealth since stepping back from royal duties in 2020. Their combined net worth is estimated at $60 million in 2026, primarily from media deals with Netflix and Spotify, book sales, public speaking, investments, and inheritance.
Times of India