MEXICO CITY, – Corn flour and tortilla-maker Gruma holds the power to fix higher prices, Mexico’s antitrust watchdog said in a preliminary decision on Monday, concluding after an investigation that conditions in the key food segment are not competitive. “This market is fundamental for Mexico’s economy and the wellbeing of consumers, especially due to its … Read more
Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities with the information … Read more
As artificial intelligence (AI) continues to evolve, its potential integration into various sectors has sparked debates worldwide. One area drawing increasing attention is its use in the judiciary. Saddled with the backlog of millions of pending cases, the Indian judicial system might benefit from using artificial intelligence, experts said. However, they caution that such a … Read more
Hero Motors, an auto components manufacturer led by Pankaj Munjal, who is a first cousin of Hero MotoCorp’s chairman Pawan Munjal, has withdrawn its Draft Red Herring Prospectus (DRHP) filed with the capital markets regulator SEBI. In August this year, Hero Motors had submitted IPO documents to the Securities and Exchange Board of India (Sebi) … Read more
For any financial emergency or any other purpose, you can rely on personal loans. They are quick and easy to get, provided you meet the eligibility criteria. They are collateral-free. You don’t need to tell the bank or NBFC the purpose for which you will be using the personal loan money. The demand for personal … Read more
Some enterprises remain sceptical about the returns on artificial intelligence (AI) deployment. However, a recent report from Bain & Company has cited encouraging gains. Mint explains the state of GenAI adoption among companies today. Is GenAI moving beyond experiments? The early movers are going beyond proof of concept (PoC) and trials to deploy GenAI across … Read more
Indian stock market witnessed a carnage in the first week of October amid selling pressure across the board on weak global cues. The benchmark indices, Sensex and Nifty 50, plunged around 4.5% each last week, recording their worst week in two years. On Friday, the Sensex tumbled 808.65 points, or 0.98%, to close at 81,688.45, … Read more
Yet, even with e-visas and Electronic Travel Authorizations (ETAs) simplifying the process, travellers often face unexpected hurdles. From rejected applications to documentation pitfalls, understanding the fine print of these digital processes can be the difference between a smooth trip and a travel nightmare. Read this | How you can retire in Europe with Portugal’s passive … Read more
Next week on Wall Street will see several economic data including the important consumer prices inflation and Producer Price Index for last month. Investors will also have the minutes of FOMC (Federal Open Market Committee) from the September policy meeting. The economic data in the week ahead could give clues as to what to expect … Read more
I’m divorced and have to pay ₹90,000 alimony to my ex-wife. Can I claim tax exemption on the alimony? Can I claim a tax exemption on this alimony? Does it matter if I pay it monthly or annually? If we agree on a one-time settlement, would that be tax-exempt, even if the amount is much … Read more