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These brands may become costlier in Canada due to Trump's tariff war

Updated on Feb 03, 2025 03:35 PM IST

After US President Donald Trump imposed a 25% tariff on goods from Canada, Canadian Prime Minister Justin Trudeau announced 25% retaliatory tariffs

Canada's Prime Minister Justin Trudeau addresses media following the imposition of a raft of tariffs by US President Donald Trump against Canada, Mexico and China in Ottawa on Feb. 1, 2025.(AP)

Musk says DOGE works 120 hours a week, thrice that of ‘bureaucratic opponents'

It has only been two weeks since Elon Musk took the role of heading DOGE. He is now trying to bring the Silicon Valley work ethic to the US government.

SpaceX CEO Elon Musk, close ally of Trump, was picked to co-chair the newly-created Department of Government Efficiency. (Reuters/File)
Updated on Feb 03, 2025 03:33 PM IST

ChatGPT's new tool can do work at level of a ‘research analyst’

OpenAI claims the new tool “accomplishes in tens of minutes what would take a human many hours.”

OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. (Reuters)
Published on Feb 03, 2025 02:14 PM IST

For Noise’s premiumisation journey, the ColorFit Pro 6 Max is a crucial chapter

The Noise ColorFit Pro 6 Max smartwatch’s refined design gets attention, and that is its biggest win. There are some fixable rough edges with software, but hardware is on point.

The ColorFit Pro 6 Max by Noise. (Vishal Mathur/ HT Photo)
Updated on Feb 03, 2025 11:22 AM IST

Rupee hits record low of 87.29 against dollar as Trump tariffs spook investors

US President Donald Trump had slapped Canada and Mexico with 25% duties and China with a 10% duty

Meanwhile, the dollar index went up 0.22% to its over two-year-high of 109.72, with 10-year US bond yields also remaining high at 4.76%(Representational Image/Pixabay)
Published on Feb 03, 2025 11:07 AM IST

Volkswagen sues Indian authorities over $1.4 billion demand: What's the case?

Volkswagen's unit, Skoda Auto Volkswagen India, also told the court that the tax dispute puts at risk its investments of $1.5 billion in India.

Volkswagen's India unit said in a statement it is using all legal remedies as it cooperates with authorities.(Reuters file photo)
Updated on Feb 03, 2025 10:21 AM IST

Today Gold Rate 03-02-2025: Check latest prices in your city

Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 84653.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 102500.0/Kg in Delhi.

Gold silver image
Published on Feb 03, 2025 10:15 AM IST

Stock market crash: Sensex down 600 points, Nifty down 200 points after Budget

Sensex Crash Today: The stock market crashed when trading for the week began on Monday, February 3, 2025, after Budget day

Sensex Crash Today: People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Francis Mascarenhas/Reuters)
Updated on Feb 03, 2025 12:07 PM IST

Five new IPOs, 2 listings coming up this week: Details inside

Chamunda Electricals will be the first small and medium enterprises (SME) IPO to debut this week on February 4, 2025.

Meanwhile, January 2025 already saw strong action in the primary market with 27 IPOs worth about <span class='webrupee'>₹</span>7,354 crore.(Representational Image/Unsplash)
Updated on Feb 03, 2025 08:34 AM IST

‘Taxpayers build nation they’ll drive demand,’ says FM Nirmala Sitharaman

Nirmala Sitharaman said the measure is to respect honest taxpayers, who, without fail, are paying towards India’s nation-building attempts.

Finance minister Nirmala Sitharaman (Sanchit Khanna/HT Photo)
Updated on Feb 03, 2025 05:11 AM IST
ByRajeev Jayaswal, , Utpal Bhaskar

Income tax: 90% or more taxpayers may shift to new regime, says CBDT chief

The Central Board of Direct Taxes (CBDT) is the administrative body, under the Union finance ministry, for the I-T Department.

Tax (Representative image)
Published on Feb 02, 2025 06:22 PM IST
PTI |

Volkswagen sues Indian govt over $1.4 billion tax demand | Details

Volkswagen has filed a lawsuit against Indian authorities to challenge a $1.4 billion tax demand, claiming it's inconsistent with import tax rules. 

A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany.(Reuters)
Published on Feb 02, 2025 05:20 PM IST

Budget 2025 hikes TDS limit for bank FD | Check all details

This will take up the limit from the current ₹40,000 to ₹50,000 per financial year and will come into effect from April 1, 2025.

Banks are required to deduct tax at source when interest paid to account holders goes over the specified threshold in one financial year. At the moment, it is 10% if PAN is available.
Published on Feb 02, 2025 03:30 PM IST

Reliance Retail brings Shein back to India after 2020 App ban | See details

The government had disclosed to parliament last year that Reliance had entered into an agreement with the company to sell products under its name.

A view of a Shein pop-up store at a mall in Singapore April 4, 2024.(Edgar Su/Reuters)
Published on Feb 02, 2025 03:27 PM IST

What is the Teerth Yatri Seva initiative for pilgrims at Maha Kumbh Mela 2025

 The Teerth Yatri Seva initiative ensures an enhanced experience of the devotees at the mela.

Reliance's 'Teerth Yatri Seva' initiative at Maha Kumbh Mela 2025.
Updated on Feb 02, 2025 03:29 PM IST
By

Confused about new income tax rebate till 12 lakh? New slabs simplified

The income tax rebate in Budget 2025 has caused some confusion, especially since income tax slabs still show taxes for income brackets from ₹0 to ₹12 lakh.

Finance minister Nirmala Sitharaman and other officials outside the finance ministry ahead of the presentation of the Union Budget 2025-26 in New Delhi, Saturday, Feb 1(PTI)
Updated on Feb 02, 2025 01:49 PM IST

Elon Musk's X sues these companies for collective ad boycotting: Report

These companies include Nestlé, Abbott Laboratories, Colgate, Lego, Pinterest, Tyson Foods, Shell, WFA, CVS Health, Mars, Ørsted, and Twitch.

The amended complaint filed in a Texas court on Saturday alleges that members of the Global Alliance for Responsible Media (GARM), which is now a defunct initiative from the advertiser trade body the World Federation of Advertisers (WFA), illegally conspired to
Published on Feb 02, 2025 12:51 PM IST

These products may get expensive in US after tariffs on China, Mexico, Canada

The tariffs will come into effect on Tuesday with Trump citing a national emergency due to the flow of fentanyl and undocumented immigrants into the US

US President Donald Trump revealed plans to impose tariffs of 25% on Colombian goods, which would increase to 50% within a week.(AFP)
Published on Feb 02, 2025 11:14 AM IST

Today Gold Rate 02-02-2025: Check latest prices in your city

Today Gold Rate: The price of 10 gm of 24 carat gold is Rs. 84663.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 102600.0/Kg in Delhi.

Gold silver image
Published on Feb 02, 2025 10:15 AM IST

Budget: Import duty on 1600cc bikes cut, Harley-Davidsons may get cheaper

This decision to slash tariffs in Budget 2025 comes as US President Donald Trump threatened reciprocal taxes on countries which levy high tariffs on US goods.

A Harley-Davidson bike is seen.(Reuters)
Published on Feb 02, 2025 10:08 AM IST

Microsoft layoffs: Tech giant fires underperforming employees

Microsoft has initiated a layoff round for underperforming employees

Microsoft has initiated a layoff round for underperforming employees(Representational image/Unsplash)
Updated on Feb 02, 2025 10:54 AM IST

Nirmala Sitharaman interview: ‘More money in hands of people will spur demand’

Finance minister Nirmala Sitharaman talks about the budget’s attempts to increase spending as India pushes for achieving Viksit Bharat by the year 2047

Union finance minister Nirmala Sitharaman outside the finance ministry ahead of the presentation of the ‘Union budget 2025-26’ in New Delhi on Saturday,(Sanjeev Verma/Hindustan Times)
Published on Feb 02, 2025 08:20 AM IST

Humans of Bombay CEO gets her eggs frozen at 32: ‘Been meaning to…’

Humans of Bombay CEO Karishma Mehta’s decision to get her eggs frozen received praise from many on social media.

Pictures shared by Humans of Bombay CEO Karishma Mehta on Instagram, including one about getting her eggs frozen. (Instagram/@karimehta05)
Updated on Feb 03, 2025 10:28 AM IST

Farmers flay budget, say no allocation for legalising MSP, loan waiver

The farm unions criticised Sitharaman for ignoring the National Commission's key recommendation to keep MSPs 50% above the cost of production.

Farmer leader Abhimanyu Kohar of Samyukta Kisan Union (non-political) claimed that farmers were dejected with the Union Budget as the real issues concerning the farmer community had been ignored by the Union finance minister. (HT File)
Updated on Feb 02, 2025 03:48 AM IST
By, Patiala

Focus on creating jobs, skill training

The main allocation was made to upgrading ITIs, which started in the 1950s to give vocational training to young people and help create a skilled workforce.

People line up to apply for jobs at a Job Fair. (Hindustan Times)
Updated on Feb 02, 2025 03:20 AM IST
By, New Delhi

In AI stimulus, budget allots 500 crore for Centre of Excellence in education

The central government will invest ₹500 crore in a new AI Centre for Excellence in education and ₹20,000 crore for private sector research and innovation.

In 2023, Sitharaman announced a CoE in AI for agriculture, health, and sustainable cities. (Bloomberg)
Published on Feb 02, 2025 03:05 AM IST

Finance minister rejigs import tariffs to boost local manufacturing

Union Budget 2025: The changes in import tariffs will benefit labour-intensive sectors such as gem and jewellery, textiles, leather and footwear and shipping.

People watch the live telecast of Union Budget 2025 presented by Finance Minister Nirmala Sitharaman in the Lok Sabha of the Parliament, at a television showroom in Ranchi, India on Saturday. (ANI)
Updated on Feb 02, 2025 02:47 AM IST
ByRajeev Jayaswal

Paying college fees abroad easier, but little else changes

The budget has removed the Tax Collected at Source (TCS) on foreign education remittances when funded through loans from specified financial institutions

The TCS relief for overseas education aligns with the budget’s broader vision of “Viksit Bharat,” which emphasises access to “hundred per cent good quality school education” as a key pillar (HT Photo)
Published on Feb 02, 2025 02:24 AM IST

Relief for senior citizens earning interest, but worries remain

The budget introduces several significant changes for India’s elderly: doubling the TDS threshold and tax deduction limit on interest income to ₹1 lakh

The budget also exempted withdrawals from old National Savings Scheme accounts after August 29, 2024. (Raj K Raj/HT Photo)
Updated on Feb 02, 2025 09:54 AM IST

What the Budget 2025 means for economic reforms

The finance minister will introduce a new income tax bill next week, signalling major tax reforms. The budget includes customs duty cuts and support for MSMEs.

Union finance minister Nirmala Sitharaman addresses a post-budget press conference in New Delhi on Saturday.(HT_PRINT)
Published on Feb 02, 2025 01:16 AM IST
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