Business

EPFO auto settlement limit to be increased to Rs 5 lakh: Check key details before advance withdrawal

the financial - 4 April, 2025

The Employees' Provident Fund Organisation (EPFO) is expected to increase the auto-settlement of advance claims (ASAC) limit by fivefold, from Rs 1 lakh to...

Income tax cuts, RBI’s repo rate reduction and more: Here’s how April will impact your wallets

the financial - 4 April, 2025

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to affect...

Saudi Arabia sees record $41bn in inbound tourism spending as Vision 2030 projects come to life

the financial - 3 April, 2025

RIYADH: Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according...

Business

Welspun Corp bags ₹3,000 crore pipeline orders in US market

the financial - 17 February, 2025

The orders include two major contracts for HSAW pipes and additional orders for HFIW pipesWelspun Corp Limited (WCL) announced today it has secured new orders...

Business

Nirani Sugars to establish ₹2,000 crore polylactic acid manufacturing facility in Bagalkot

the financial - 13 February, 2025

Nirani Sugars, one of India’s largest privately-held sugar company, has signed a memorandum of understanding (MoU) with the Government of Karnataka to establish a...

Business

Foxconn says it is open to buying a stake in Nissan

the financial - 13 February, 2025

Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back...

Business

LEAP 2025: $7.5bn investments revealed on day 2 of tech conference

the financial - 12 February, 2025

Multibillion-dollar initiatives unveiled to drive digital transformation and technological advancements in the Kingdom Over $30 billion invested in Saudi Arabia’s tech sector over past three...

Business

Saudi retailer Cenomi Centers explores new financing options to fund further growth

the financial - 11 February, 2025

RIYADH: Saudi developer Cenomi Centers is exploring additional financing options to support future growth opportunities that are expected to follow after the opening of its...

Business

Closing Bell: Saudi main index edges up to close at 12,433

the financial - 10 February, 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Thursday, gaining 19.18 points, or 0.15 percent, to close at 12,433.58. The total trading turnover...

Business

Will your Rs 12-lakh salary enjoy ‘nil’ tax even with additional STCG income? Here’s what experts say

the financial - 9 February, 2025

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special rate income such as short-term capital gains—is...

Business

GCC trade set to grow 5.5% annually, reaching $2.3 trillion by 2033: BCG report

the financial - 8 February, 2025

China is set to emerge as the largest growth market for GCC trade, with exchange volumes increasing by $88 billion Japan follows closely, with an...

Business

Middle East M&A value surges 52% to reach $29bn in 2024: Bain & Co.

the financial - 7 February, 2025

RIYADH: Saudi Arabia and the UAE led a surge in mergers and acquisitions across the Middle East in 2024, with total deal value reaching $29...

Business

Saudi Venture Capital Co. invests $1bn, strengthening Kingdom’s VC leadership

the financial - 7 February, 2025

RIYADH: Saudi Venture Capital Co. has committed $1 billion in investments to date, with its total assets— including contributions from partners— reaching approximately $4.8...

Business

Ola’s Bhavish Aggarwal announces Rs 2,000-crore investment in Krutrim; unveils an AI lab

the financial - 5 February, 2025

Bhavish Aggarwal also unveiled the next major version of its Krutrim large language model, Krutrim 2, along with a slew of AI models including...

Business

Sharan Hegde’s 1% Club is the first to get SEBI’s Investment Advisor licence amid clamp down on finfluencers

the financial - 5 February, 2025

The company's Personal CFO division is now compliant with SEBI’s regulatory framework. The company has become the first finfluencer-led company to secure the SEBI-RIA...

Business

Saudi CMA, Insurance Authority forge partnership to strengthen sector oversight

the financial - 5 February, 2025

Deal aims to strengthen oversight for insurance firms listed on the Saudi financial market It also seeks to ensure role integration and consistency between the...

Business

Nestle India to invest ₹1,100 crore in new KitKat production line at Sanand factory

the financial - 4 February, 2025

FMCG major Nestle India on Friday (January 31) said it has added a new KitKat production line at its Sanand Factory in Gujarat, with...

Business

Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital

the financial - 4 February, 2025

Petrochemical field is projected to record substantial growth of 74% in 2025 Healthcare division is anticipated to achieve a 23% rise in net profits, up...

Business

FM allocates Rs 13,415.20 cr for space sector, experts welcome Geospatial mission

the financial - 3 February, 2025

Giving a much-needed boost to the space sector, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 13,415.20 crore for the Department...

Business

Saudi retail real estate sales to reach $183bn by 2027: Deloitte

the financial - 3 February, 2025

Report assessed the Kingdom’s real estate market in 2023 and projected trends for 2024 across various sectors Deloitte report said contribution of construction industry to...

Business

Flipkart Rolls Out Credit Card Bill Payments Feature

the financial - 30 January, 2025

SUMMARY Flipkart introduced credit card bill payments on its platform with zero convenience fee via Bharat Bill Payment Service, marking its latest expansion in digital...

Business

CardTrade’s revenue jumps to Rs 193 crore in Q3FY25; Profit zooms to Rs 46 crore

the financial - 30 January, 2025

CarTrade Tech Group, one of India’s largest auto classifieds and auction platforms, on Wednesday announced a 27% year-on-year increase in its quarterly revenue, reaching...

Business

UAE, India, and China among top destinations for KSA’s non-oil goods

the financial - 29 January, 2025

RIYADH: The UAE was the leading destination for Saudi Arabia’s non-oil exports in November, with outbound shipments to the Emirates reaching SR7.17 billion ($1.87 billion)...