Business

Canada offers fast-track for H-1B workers: CA $1.7bn funding to recruit researchers; strategy targets high-demand sectors

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Canada is rolling out a new fast-track immigration route for H-1B visa holders, aiming to lure skilled professionals to its innovation and research sectors. This ...

Delhivery Q2 results: Logistics firm posts Rs 50 cr loss; Vivek Pabari to take over as CFO

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Delhivery reported a consolidated net loss of Rs 50.38 crore for Q2 FY26, despite a 16.9% rise in operational revenue to Rs 2,559.3 crore. The ...

Novo Nordisk Q3 results: Ozempic maker’s profit falls 27%; cuts 9,000 jobs

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Novo Nordisk, maker of Ozempic and Wegovy, lowered its 2025 sales outlook for the fourth time, citing slower growth in diabetes and obesity treatments. The ...

Setback for expatriates? Delhi HC upholds mandatory EPFO membership; what this means for foreign staff

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The Delhi High Court ruled that expatriates working in India must contribute to the Employees’ Provident Fund (EPF), upholding amendments to the EPF Act. International ...

‘Kamikaze’: Trump slams Democrats as US govermment shutdown becomes longest in history; warns opposition ‘will take down country’

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US President Donald Trump labelled Democrats ‘kamikaze’ as the US government shutdown, now the longest in history, enters its sixth week. Millions of federal workers ...

GST rationalisation impact: Higher RBI dividend expected to offset revenue shortfall; CareEdge flags tax pressure

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Recent GST rate rationalisation is projected to cause a 0.1% of GDP revenue loss this fiscal year. However, a higher dividend payout from the RBI ...

US-China trade: Tensions cool after Trump, Xi meet; where key sectors now stand

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US and China have agreed to ease trade tensions following a presidential meeting. Tariffs on Chinese goods will be cut by 10%, and China will ...

A Rs 22 crore tax notice built on AI-generated “court rulings”? What the Bombay High Court just ruled

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A taxpayer successfully challenged a Rs 22 crore tax demand after the Income Tax Department cited three non-existent court rulings, allegedly suggested by AI. The ...

‘Benchmark for countries’: FATF hails India’s asset recovery efforts; notes ED’s role in returning defrauded funds

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The Financial Action Task Force (FATF) acknowledged India’s success in recovering public assets lost to financial crimes. A notable case highlighted involves land confiscated by ...

India to cut Russian oil imports in a big way? Major refiners may halt direct trade from late November; alternative sources being explored

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India plans to significantly reduce direct imports of Russian crude from late November due to new US sanctions targeting Rosneft and Lukoil. Major refiners like ...