‘This year’s detection of frauds and probable recovery will be mainly driven by several compliance measures put in place, and amendments made to the GST regime to plug revenue leakages particularly in new-edge sectors.’ This financial year the Centre is expecting to recover evaded goods and services tax (GST) of […]

Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday. The ifo business climate index rose to 86.9 in October from 85.8 in the previous month, […]

Asian stocks ended Wednesday’s session mostly higher, with benchmark indexes in China, Hong Kong and Japan leading regional gains after China rolled out fresh stimulus to shore up its economic recovery. A stable dollar, falling Treasury yields and positive earnings from Microsoft also helped underpin investor sentiment before next week’s […]

Industrial conglomerate General Electric Co. (GE) reported Tuesday a net profit for the third quarter that sharply increased from last year, driven by improved profit margins and 20 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts’ expectations. The company also raised its outlook for the full-year […]

In order to reinvigorate its Warfighting capability, the United States will increase its titanium powder production. The Department of Defense announced it has awarded a contract worth $12.7 million via the Defense Production Act Investment Program to IperionX Technology, LLC, to increase titanium powder production for defense supply chains. “Robust […]

Stocks came under pressure in early trading on Monday but have shown a significant turnaround over the course of the session. The major averages have all turned positive on the day, with the tech-heavy Nasdaq leading the rebound. Currently, the major averages are off their highs of the session but […]

A U.S.-India joint mission will help researchers explore how changes in Earth’s forest and wetland ecosystems are affecting the global carbon cycle and influencing climate change. NASA said that in collaboration with ISRO (Indian Space Research Organisation), it will launch the NISAR (NASA-ISRO Synthetic Aperture Radar) radar satellite mission early […]

‘The governance of Wipro allows us to be more focused on deep transformation to build the right company for the future as opposed to just being tactical.’ Thierry Delaporte, chief executive officer and managing director, Wipro, talks about the demand environment, large deals pipeline, and acquisition strategy in an interview […]

British Telecoms (BT) could be sitting on billions of pounds worth of copper stretching across a 75-mile expanse. The scrap value of BT’s installed copper network was once worth between £2.5billion and £5billion, according to a report in the Guardian. That was back in 2011 but today, when factoring in […]

Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED & fear. The pertinent point about ongoing events in West Asia from a financial market perspective, […]