Business Archives - Page 29 of 34

05 Jun

Amritsar on Alert! Massive Security Cover Ahead of Operation Bluestar Anniversary Observance At Sri Akal Takht Sahib

Gurpreet Singh0 CommentsBusinessAmritsar, Operation Bluestar, Sri Akal Takht Sahib

Amritsar (National Times): In anticipation of the 41st anniversary of Operation Bluestar, commemorated as Ghallukara Diwas, Amritsar has been placed under an unprecedented security cover with the deployment of nearly 7,000 police personnel across the holy city. The observance, scheduled for June 6 at Sri Akal Takht Sahib, is expected to draw thousands of devotees from across the globe. Operation Bluestar, carried out in 1984, remains one of the most emotionally charged events in Sikh history. Every year, June 6 marks a solemn day of remembrance for those who lost their lives, and the day holds deep spiritual and emotional…

29 May

Hailey Bieber’s Beauty Brand ‘Rhode’ Acquired by e.l.f. Beauty for $1 Billion

Rajeev Sharma0 CommentsBusinessBeauty Brand Sold, E.l.f. Beauty, Hailey Bieber, Rhode Acquisition

Los Angeles, May 29, 2025: Hailey Bieber’s skincare and makeup brand, Rhode, has been acquired by e.l.f. Beauty in a blockbuster $1 billion deal, marking one of the biggest celebrity brand acquisitions in recent years.Founded in 2022, Rhode quickly gained a cult following for its minimalist, skin-first approach and clean beauty formulations. With Bieber’s global influence and digital-first marketing strategy, the brand rapidly scaled across international markets and built a loyal consumer base.The acquisition signals e.l.f. Beauty’s aggressive expansion in the premium skincare segment. Industry analysts say the deal strengthens e.l.f.'s portfolio while cementing Rhode as a legacy brand in…

21 May

Dr. Jagdeep Singh Assumes Charge as Punjabi University Vice Chancellor, Outlines Vision for Industry-Aligned Education

Gurpreet Singh0 CommentsBusiness

Patiala, May 21, 2025 — Dr. Jagdeep Singh officially took charge as the Vice Chancellor of Punjabi University today, receiving a warm welcome from faculty, staff, and university officials. In his inaugural address, Dr. Singh shared a forward-looking vision focused on aligning the university’s curriculum with industry demands to enhance student employability.Expressing gratitude for being entrusted with the leadership of his alma mater, Dr. Singh emphasized the importance of modernizing academic programs. “Educational institutions must evolve to meet the changing needs of the workforce,” he said. Plans include involving industry professionals in curriculum design through the Board of Studies and…

15 May

Gold Price in India Tumbles Amid Shift in Geopolitical Tensions

Rajeev Sharma0 CommentsBusiness, IndiaGold

New Delhi (National Times): The gold market saw a notable downturn on Thursday, falling to levels not seen in over five weeks. The pullback reflects a broader trend away from safe-haven assets as geopolitical tensions cool and investor focus pivots to risk-on strategies. Spot gold fell by nearly 0.8%, trading at $3,153.09 per ounce, while futures in the U.S. slipped 1% to $3,156.90. The price action confirms what many traders feared—a decisive breach below the psychological $3,200 level, which could open the door to further downside. “Once gold dropped below $3,200, it invalidated the near-term bullish setup,” noted a commodity…

15 May

Prominent Punjabi Businessman Harjeet Singh Dhadda Shot Dead in Mississauga

Rajeev Sharma0 CommentsBusinessCanada, Harjeet Singh Dhadda, Mississauga

Mississauga (National Times): The Punjabi-Canadian community in Ontario is reeling with shock after the cold-blooded assassination of Harjeet Singh Dhadda, a prominent Sikh businessman, outside his office near Tranmere Drive and Telford Way, in the vicinity of Dixon and Derry Roads. According to Peel Regional Police, the fatal shooting occurred on Wednesday. While police have confirmed the homicide, they have not officially released the identity of the deceased. However, sources have confirmed that the victim was Harjeet Singh Dhadda, a respected figure within the Sikh community and a known member of the Canadian Sikh Gurdwara Committee. Dhadda, originally from Bazpur,…

10 May

India Suspends Operations at 32 Airports Amid Escalating Tensions with Pakistan Under ‘Operation Sindoor’

Rajeev Sharma0 CommentsBusiness

New Delhi (National Times): In response to heightened military tensions with Pakistan, India has temporarily suspended operations at 32 airports across its northern and western regions under the strategic military initiative “Operation Sindoor.” The closures follow a series of cross-border drone and missile attacks, prompting urgent national security measures. The Directorate General of Civil Aviation (DGCA) has announced that civilian flight operations at these airports will remain suspended until 5:29 AM on May 15, 2025. Affected Airports Include Key HubsAmong the impacted airports are key locations such as Srinagar, Jammu, Amritsar, Leh, Chandigarh, Dharamshala, Bikaner, Rajkot, Jodhpur, and Kishangarh. The…

06 May

India’s ‘Operation Sindoor’ Targets Terror Bases, Shoots Down Pakistani Jet

Rajeev Sharma0 CommentsBusiness

New Delhi (National Times): India executed a decisive military operation on Wednesday, shooting down a Pakistani JF-17 fighter jet over Pulwama’s Pampore and conducting missile strikes on nine terror targets in Pakistan and PoK. Named ‘Operation Sindoor,’ the strikes targeted terror infrastructure, including a major Jaish-e-Mohammad base in Bahawalpur, following a deadly terror attack in Pahalgam two weeks ago. Media reports indicate the Pakistani jet was attempting to breach Indian airspace when it was neutralized. Pakistan confirmed Indian strikes hit Muzaffarabad, Kotli, and Ahmed East in Bahawalpur. In response, Pakistan initiated heavy mortar shelling on Indian villages along the LoC…

06 May

UK Whisky, Cars to Get Cheaper in India After Landmark Free Trade Deal

Rajeev Sharma0 CommentsBusinessBritish Whisky in India, Car Import Duty Reduction, India-UK, UK-India trade deal

National Times Bureau, May 6, 2025: British whisky and luxury cars are set to become significantly more affordable in India following a historic Free Trade Agreement (FTA) signed between the two nations. The deal, finalized after years of negotiations, marks one of the most ambitious trade pacts post-Brexit for the UK and is expected to reshape economic ties with India.Under the agreement, India will slash the import duty on British whisky and gin from 150% to 75% immediately. This will be followed by a phased reduction to 40% over the next decade. High-end British cars will also benefit, with tariffs…

06 May

21 of 33 Supreme Court Judges Make Assets Public in Move Toward Judicial Transparency

Rajeev Sharma0 CommentsBusinessCJI Sanjiv Khanna, Judges Assets, Judicial Transparency, Supreme Court

New Delhi, May 6, 2025: In a landmark step toward greater transparency, 21 out of 33 sitting judges of the Supreme Court, including Chief Justice of India Sanjiv Khanna, have publicly declared their assets. This marks a significant shift in the judiciary’s approach to accountability and openness.According to an official statement issued by the Supreme Court, the Full Court resolved on April 1 that all judges would upload their asset declarations on the court’s official website. The decision was taken during a meeting led by CJI Khanna, where consensus was reached on the importance of making such information accessible to…

05 May

Revised TCS Rates on Foreign Exchange Transactions Under LRS Effective from April 1, 2025

Rajeev Sharma0 CommentsBusinessforeign remittance tax, LRS TCS 2025, new TCS rates India, PAN-Aadhaar link

New Delhi, May 5 — The Government of India has officially revised the Tax Collected at Source (TCS) rates for foreign currency transactions under the Liberalised Remittance Scheme (LRS), with new rates coming into force from April 1, 2025. The changes apply to all resident individuals sending money abroad or buying foreign currency for various purposes.As per the updated structure, TCS on education-related remittances using loans from recognised institutions remains exempt. For education and medical treatment expenses not funded through a loan, no TCS will be collected for amounts up to ₹10 lakh. However, beyond this threshold, the rate is…