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ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
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The developments come at a time when Annamalai intends to launch a people's movement aimed at building a direct connection with young voters, particularly Gen Z
Shares of Anant Raj surged as much as 4.6% to Rs 563.25 in Tuesday's trade after the company announced a landmark partnership with the Government of Haryana to accelerate the state's digital infrastructure buildout.The real estate and infrastructure developer has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), marking a significant step in its ambitions to expand its data centre and cloud services business.The agreement was formalized on June 1, 2026, during the launch of the "Make in Haryana Policy & Other Sectoral Policies" event, presided over by Haryana Chief Minister Nayab Singh Saini.Rs 25,000 crore investment planUnder the MoU, Anant Raj intends to invest around Rs 25,000 crore in building data centres and cloud infrastructure across Haryana. The move highlights the company's increasing emphasis on digital infrastructure as demand continues to grow for artificial intelligence (AI), cloud computing, and data storage solutions.The partnership framework involves several key government departments and agencies, including:Haryana Enterprises Promotion Centre (HEPC)Department of Information Technology, Electronics & CommunicationHaryana State Electronics Development CorporationCitizen Resources Information DepartmentDepartment of Industries & CommerceThe agreement is designed to support Anant Raj's expansion of its Digital Infrastructure Business, encompassing both data centre operations and cloud services. The Haryana government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance to help fast-track the project.The company said the arrangement aims to foster long-term cooperation between the state government and Anant Raj, positioning Haryana as a major hub for next-generation digital infrastructure investments.Anant Raj clarified that the MoU does not involve any shareholding arrangement, special rights, equity issuance, or related-party transaction. The agreement is focused solely on enabling investment and operational expansion in the state.Share price performance and technical indicatorsOver the past three years, the stock has delivered strong returns, rallying nearly 254%. The company currently commands a market capitalization of approximately Rs 19,406 crore.From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 61. An RSI reading below 30 typically indicates oversold conditions, while a reading above 70 suggests the stock may be overbought.The stock also exhibits strong bullish momentum, trading above all eight of its key Simple Moving Averages (SMAs), signaling a positive technical trend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Japan has increased the maximum fees that foreign nationals may be charged for renewing or changing their residency status, with the new cap set at 100,000 yen ($630) for standard residency permits and 300,000 yen for permanent residency applications. according to a report by Nikkei Asia. The measure was approved by the Japanese parliament on Friday as the country prepares for a growing foreign resident population and plans new integration programmes. The previous upper limit for residency renewal or status-change fees was 10,000 yen. According to Japan's Immigration Services Agency, the revised fee structure reflects services provided to foreign residents. While the law sets the maximum amounts, the actual fees will be decided later through a cabinet order. Under the proposed structure, fees for standard residency permits will vary depending on the length of stay. A three-month residency period is expected to cost about 10,000 yen, while a five-year permit could cost around 70,000 yen. The current fee for in-person renewal applications is 6,000 yen regardless of the duration of stay. Additional revenue to fund integration measures The fee for permanent residency applications is expected to rise to about 200,000 yen. The government said reductions or exemptions will be available for applicants facing financial hardship, and the Immigration Services Agency plans to issue guidelines on eligibility for such relief. The higher fees could generate up to 90 billion yen in additional revenue. Japan's foreign resident population exceeded 4 million at the end of 2025, and the government said the funds will be used to strengthen measures that help foreign residents adapt to life in the country. Planned initiatives include expanding consultation services offered by local governments, improving Japanese-language education and supporting programmes that teach daily-life rules and customs. The government intends to introduce these educational programmes in phases beginning in fiscal 2028. The revenue will also help cover the costs of addressing illegal residency cases. Previously, fees collected were limited to covering administrative expenses such as personnel costs. Faster rollout of JESTA screening system The legal revisions also include changes affecting short-term visitors. Japan will introduce the Japan Electronic System for Travel Authorization (JESTA) as early as fiscal 2028, two years earlier than originally planned, as per Nikkei Asia report. Under the system, travellers from visa-exempt countries will need to submit information online before departure, including their travel purpose, occupation and accommodation details. Authorities will use the information to screen travellers before arrival. Airlines will be required to deny boarding to passengers who do not obtain authorization. The government said the system is expected to help prevent illegal stays while simplifying immigration procedures and reducing waiting times at airports. The legislation faced opposition from the Constitutional Democratic Party and the Japanese Communist Party, which argued that the fee increases would place an excessive burden on foreign residents. However, the measure was passed by parliament and is set to take effect as Japan continues to adjust its immigration and residency policies amid rising foreign arrivals and residency numbers.
Suzlon Energy plans to challenge a recent Sebi order that imposed penalties of nearly Rs 29 crore on the company and several former executives over alleged accounting and disclosure violations. In an exchange filing, Suzlon said it intends to file an appeal before the Securities Appellate Tribunal (SAT) against the regulator's order dated May 29."The findings of Sebi in the said order are related to the financial statements of the company from FY14 to FY18. The company will be filing an appeal before the Securities Appellate Tribunal in respect of the Sebi order," the company said.The development comes a day after Sebi imposed penalties on Suzlon and a number of former senior executives following a long-running investigation into the company's historical financial reporting practices.The market regulator levied a penalty of Rs 15.95 crore on Suzlon, while former executive Vinod R Tanti was fined Rs 5.75 crore and Girish R. Tanti was penalised Rs 5.45 crore. Former group CFO Kirti J. Vagadia was fined Rs 1.5 crore, while former CFO Amit Agarwal was directed to pay Rs 30 lakh.Sebi action followed a forensic audit and investigation covering multiple financial years after the regulator received a complaint alleging irregularities in dealings involving subsidiaries and associate entities.The regulator concluded that certain transactions between Suzlon and its subsidiaries had the effect of overstating profits and strengthening the appearance of the company's financial position.Among the issues examined were transfers of businesses and investments among group entities, accounting treatment of contingent liabilities, impairment reversals and disclosures made in financial statements.According to Sebi, some transactions involving subsidiaries resulted in substantial accounting gains being recorded without reflecting the underlying economic reality of the arrangements. The regulator also questioned the treatment of certain liabilities and fund flows between group entities, concluding that the company's disclosures did not present a true and fair picture of its financial position during the period under review.Sebi said accurate financial statements are critical because investors rely on them while assessing the health and prospects of listed companies. The regulator held that the violations warranted monetary penalties under provisions relating to disclosure norms, listing regulations and fraudulent and unfair trade practices.Suzlon, however, has now moved to contest the findings before the appellate tribunal.The company has undergone a significant turnaround over the past few years after overcoming a prolonged debt crisis and has emerged as one of the biggest beneficiaries of India's renewable energy push. It recently reported strong operational performance and remains one of the country's largest wind energy equipment manufacturers.The appeal before the SAT will determine whether the regulator's findings and penalties are upheld, modified or set aside. Until then, the Sebi order remains in force.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)
NEW YORK: Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country.The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge's order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had been working fairly smoothly. Refunds reached the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could start submitting claims through an online system, according to CBP.Applications for refunds totaling $85 billion - more than half of the $166 billion the agency estimated the government owes to companies that paid the tariffs on imported goods - were accepted for processing as of May 22, CBP reported in a legal filing earlier in the week. It said it had so far directed the Treasury Department to issue $20.6 billion in refunds.Also read | US probes Reid Hoffman group over funding lawsuits against Trump, source saysThe administration revealed its appeal preparations while objecting to a demand by Judge Richard K. Eaton for CBP Commissioner Rodney Scott to appear in the U.S. Court of International Trade to answer questions about how long it would take to repay all 330,000 importers that might be eligible for refunds. The judge scheduled a June 9 hearing on why he shouldn't require the government do whatever it takes to speed up the process.Justice Department lawyers asked Eaton to allow one or two of Scott's deputies to appear in his place, arguing that as a high-ranking presidential appointee, the CBP chief could not be compelled to testify. They also argued that Eaton exceeded his authority when he determined in March that the Supreme Court's ruling entitled "all importers of record'' to refunds."For that reason, defendants intend to appeal the court's universal injunction," the lawyers wrote, adding that CBP would continue to move "as quicky as it can to process refunds in a phased approach" for businesses that filed legal complaints asserting their rights to refunds.In a written reply, Eaton said he needed to hear directly from Scott whether the government would return all of the money it collected between when Trump put what he called "reciprocal" tariffs on most countries in April 2025 and when the Supreme Court struck them down in late February."It is undisputed that the remedy for this unlawful collection is for the United States government to refund the unlawfully collected duties," the judge wrote.Refunds coming in phasesMore than 1,000 companies, including large ones like Costco, Goodyear Tire, banana and pineapple distributor Dole Fresh Fruit, and department store chain Kohl's, filed lawsuits to recoup their tariff costs. The judge said Wednesday he intended to allow cases he put on hold while CBP figured out how to handle refund claims - they numbered 485 in mid-March - to proceed.Also read | Minority union at Samsung Electronics to challenge pay deal in courtCustoms and Border Protection is handling refund claims in phases, focusing first on payments that weren't finalized before the Supreme Court handed down its 6-3 decision. CBP officials have said those later payments were more straightforward to process.Importers are required to make estimated tariff payments when goods enter the U.S. The declared items then enter a process called "liquidation," in which CBP determines how much in import taxes was owed. The decision becomes final after 180 days unless the payer contests the bill.In Friday's filing, the Justice Department said the agency did not have the technological ability or the legal authority to recalculate liquidated accounts without "importer-specific orders" in each lawsuit.Price cuts promisedSome national retail chains said they planned to use their tariff refunds refunds to lower customer prices on some items. Walmart Chief Financial Officer John David Rainey told analysts last week that the company would implement price cuts even though the maximum refund it might be eligible for represented less than half of 1% of Walmart's $483 billion in annual U.S. sales.Costco intends to return the tariff costs that it passed on to members, CEO Ron Vachris said. How much of its refund the big-box retail chain redistributes, when and in what form, depends on factors such as the size of the refund, when it arrives, and developments in a lawsuit seeking tariff compensation for Costco customers, Vachris told investors Thursday.Consumers could first see refunds from shipping companies such as FedEx, UPS and DHL, which acted as customs brokers when they delivered products ordered from overseas. The companies charged either the sellers that shipped the packages or the buyers who received them and turned the tariffs they collected over to CBP.All three promised to return any refunds they get to the customers that paid the import taxes. Last week, FedEx said it was "working to swiftly process refunds and return them to the shippers and consumers who originally bore those charges."Putting refunds back into the businessThe Supreme Court invalidated only the country-by-country tariff rates Trump set by citing the 1977 International Emergency Economic Powers Act. Others he imposed under different rationales remain in effect. Trump also has moved to introduce new tariffs since the court's Feb. 20 ruling.Some smaller companies told The Associated Press that the tariff refunds they've received so far would go toward paying remaining or future tariffs or getting back on solid financial footing after more than a year of uncertainty and additional costs.Jay Foreman, CEO of toy company Basic Fun, said he received about $450,000, or 7% of his total claim, over two consecutive days. He took the repayment as a positive sign but said that after having less than $10,000 refunded since then, the process seemed like a "total slow roll.""It's time to release the funds back into the economy, especially given how much we and others need these funds to support our businesses and fund our operations," Foreman said.Men's grooming brand Manscaped has received about 30% of the $12 million in refunds it applied for, President Kevin Datoo said. He said the San Diego company deferred investments and took on debt to pay tariffs on imports from Indonesia, China and elsewhere in Asia last year."We need to shore up the balance sheet because there's still a whole second chapter here," Datoo said.Melkon Khosrovian, who owns Greenbar Distillery in Los Angeles, said he applied for a tariff refund of about $90,000 for 17 different shipments and has received $18,000 covering four of them. Certain types of herbs, spices and packaging are hard to find domestically, so Khosrovian said he imports them.The tariffs were "painful," he said. He invested money to automate his bottling process last year so he wouldn't have to pay as many workers. The move allowed him to reduce his 13-person staff by three, but Khosrovian noted that the White House had argued the tariffs would create more U.S. manufacturing jobs."Our choices were bad and worse: raise prices and lose customers, or keep prices the same and not make any money," he said.
Mahindra Manulife Mutual Fund announced the launch of โMPOWER SIFโ marking its entry into SEBIโs newly notified investment product called Specialized Investment Fund and reinforcing its commitment to bringing differentiated investment solutions to investors.With MPOWER SIF, Mahindra Manulife Mutual Fund aims to address the evolving needs of investors, who are looking to complement their existing mutual funds with products that use derivatives and other tools to create different risk return outcomes.Also Read | Smallcap valuations turn favourable as correction creates fresh opportunities: Bajaj Finserv AMC The fund house aims to provide a client experience that seeks to meet the investors aspiration, whilst remaining true to the core premise of creating investment outcomes that are consistent and meaningful.โThe launch of MPOWER SIF is a significant step forward in expanding our product suite. As investors and their goals and aspirations evolve over time, there is a clear requirement for investment solutions that offer greater flexibility and use the entire range of tools available to deliver consistent outcomes. This approach is complemented by an investment team with extensive experience anchored by a sound risk management framework,โ said Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management.Mahindra Manulife Mutual Fund intends to roll out a range of differentiated strategies under MPOWER SIF across equity, hybrid, and fixed income categories, aligned with regulatory guidelines and investor suitability.โMPOWER SIF gives us the flexibility to design more agile and outcome-oriented portfolios by leveraging a wider investment toolkit. This platform will enable us to combine fundamental research with tactical allocation strategies, with the objective of delivering superior risk-adjusted returns across market cycles. We believe it is well suited for investors seeking a more nuanced approach to portfolio construction,โ said Krishna Sanghavi, Chief Investment Officer - Equity, Mahindra Manulife Investment Management.Also Read | Should senior citizens continue investing in equity mutual funds after retirement? Expert explainsThe SIF category offers strategies that go beyond conventional Mutual Funds, including long-short approaches, derivatives-based strategies, and more focused portfolio construction, catering to investors seeking a different approach to meeting their investment goals.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
Mumbai: The Reserve Bank will explore the use of CBDC in cross-border transactions besides expanding the digital rupee to more direct benefit transfer schemes and domestic retail space during the current fiscal year. During 2025-26, the central bank launched multiple Central Bank Digital Currency (CBDC) pilots under direct benefit transfer (DBT) schemes of the Centre and state governments, leveraging the programmability capability of CBDCs, said the RBI's annual report for 2025-26. On cross-border payments, the RBI signed memorandum of understanding (MoU) on digital asset collaboration with the Monetary Authority of Singapore (MAS) in 2025-26. Also, bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) were held for operationalising a cross-border CBDC pilot. The Reserve Bank also joined multilateral BIS-Innovation Hub-led initiatives, which are focused on enhancing cross-border payments through CBDCs. The Reserve Bank plans to expand the CBDC pilot to cover new use cases under DBT schemes and the domestic retail space, while exploring additional pilots on tokenisation of financial assets and widening participant coverage. On cross-border payments, the RBI intends to operationalise bilateral CBDC pilots with select use cases and deepen engagement in multilateral projects. "Exploring a bilateral/multilateral crossborder CBDC pilot with select use cases and engaging in multilateral projects on cross-border payments on technical and governance standards" is one of the RBI's agenda for FY27. Providing a framework for testing of innovative products/services leveraging CBDC under the CBDC and Asset Tokenisation (CAT) sandbox is also on the RBI's to-do list during the current fiscal year. The value of bank notes in circulation in digital form CBDC-R stood at Rs 771.66 crore as on March 31, 2026, as compared to Rs 1,016.46 crore as on March 31, 2025.
Telangana government intends to establish similar solar power plants in every district, says Deputy CM and Power Minister Mallu Bhatti Vikramarka
Advocate General Vijay Narayan tells Justices G.R. Swaminathan and V. Lakshminarayanan that the government intends to strengthen the police force, increase the number of forensic labs, and so on
A closer look beyond the museum and St. Maryโs Church shows Fort St. George struggling under poor maintenance, fragmented ownership, and years of official neglect, raising urgent questions about how Tamil Nadu intends to protect the historic seat of its own government