Business & Economy

New Delhi: Can washing clothes make you a millionaire? Arunabh Sinha has proven that it can—and more. Born in Bhagalpur, Bihar, Arunabh went from humble beginnings to creating a business empire worth over ₹100 crore. Arunabh Sinha grew up in a modest household. His father worked as a hospital assistant in the government sector, and his mother was a homemaker. Among three siblings, Arunabh was the youngest and only son. The family lived in a small government quarter, and walking several kilometers to school was a daily routine. Sometimes, even paying for a rickshaw ride was a challenge. Despite these hardships, Arunabh excelled academically. He pursued Metallurgy and Material Science at IIT Bombay, earning his degree with distinction. Offers came pouring in from major companies like T...

Warren Buffett, widely regarded as the world’s greatest investor, is retiring today as CEO of Berkshire Hathaway. Under his leadership, the company transformed from a struggling textile firm into one of the world’s most valuable conglomerates, controlling nearly $700 billion in tradable stocks, bonds, and cash. A Historic JourneyWhen Buffett took charge of Berkshire Hathaway in 1965, its share price stood at just $19. Today, it trades at an astonishing $750,000—a staggering 3,950,000% return for its investors. This unparalleled achievement cements Buffett’s legacy as an all-time investment legend, closely watched by investors worldwide. Buffett announced his retirement earlier this year during Berkshire’s annual shareholder meeting. From January 1, the company’s daily operations will...

Shares of steel companies surged sharply today as the government announced a major policy to curb cheap steel imports, especially from China. The move sent domestic steel stocks soaring, with SAIL reaching an all-time high. Government Imposes Protective TariffIn a significant step to protect India’s domestic steel industry, the government has imposed a safeguard duty on certain types of imported steel for three years. The tariff will start at 12% in the first year, reducing to 11.5% in the second year, and 11% in the third year. This measure targets cheap steel imports from countries like China, Vietnam, and Nepal, while certain developing nations are exempted. Stainless steel and some specialized steel products are also excluded from this duty. Reason Behind the MoveThe Directorate ...

New Delhi: On the final trading day of 2025, gold and silver prices witnessed a notable decline, with silver seeing a sharper drop. Early trading on MCX showed silver falling close to ₹19,000 per kilogram, while gold also slipped by nearly ₹1,000 per 10 grams. Silver Prices:Silver, which recorded significant gains throughout 2025, dropped sharply on Wednesday. The March 5, 2026, delivery contract closed at ₹2,51,012 per kilogram in the previous session and opened at ₹2,41,400 today. During early trading, it slid further to ₹2,32,228 per kilogram. As of 11 AM, silver was trading at ₹2,38,300 per kilogram, down ₹12,712 or 5.06% from the previous close. Gold Prices:Gold also saw a decline. The February 5, 2026, delivery contract had closed at ₹1,36,666 per 10 grams in the last session a...

New Delhi: The Adani Group, India’s largest private airport operator, is heavily investing in the development of eight airports across the country. The conglomerate is urging the government to allow foreign airlines to operate additional flights to increase passenger traffic. However, Indian carriers Air India and IndiGo have raised objections, asking the government to proceed cautiously. Why Adani Wants More FlightsAdani Airports Holdings is investing billions of dollars in upgrading airport terminals, runways, and passenger facilities, aiming to make airports more attractive to travelers. According to an Economic Times report, the group has requested the government to engage with countries including the UAE, Saudi Arabia, Qatar, Singapore, Indonesia, and Malaysia to secure additional ...

New Delhi: In India, airlines often claim “the customer is king,” yet passenger experiences sometimes tell a different story. A recent viral video from the United States has highlighted the stark contrast in how airlines handle customer complaints, prompting netizens to criticize IndiGo and Air India. The IncidentIndian vlogger Mohammad Arbaaz Khan, who travels under the Instagram handle @arbaazvlogs, posted a video of his experience on a United Airlines flight in the U.S. During the flight, the food tray stopper in front of his seat was broken, causing the tray to repeatedly fall whenever he placed food or light items on it. The video, uploaded just a day ago, has already been viewed by 137,000 people. United Airlines’ ResponseUnlike many incidents reported in India, United Airlines...

New Delhi: December 31 marks the end of 2025, and with it, several critical financial deadlines are expiring today. Taxpayers and investors have just a few hours left to complete key tasks, failing which they may face penalties, loss of benefits, or reduced returns. Revised ITR FilingFor the assessment year 2025-26 (FY 2024-25), December 31 is the final opportunity to file a revised income tax return (ITR) or correct any errors in your existing submission. Missing this deadline may result in hefty fines, interest on unpaid taxes, and the inability to carry forward business or capital market losses to offset next year’s profits. After today, taxpayers can only file an ITR-U (Updated Return) within 48 months of the assessment year’s end—but this option does not allow claiming past losses ...

New Delhi: The year 2025 has been a mixed bag for India’s wealthiest. While some billionaires saw their net worth soar, others experienced declines due to market fluctuations and foreign institutional investor (FII) sell-offs, especially in the IT sector. Here’s a look at the top gainers and notable losers among India’s richest this year. Top Gainers: Mukesh Ambani: Chairman of Reliance Industries, India’s most valuable company, saw his net worth increase by an impressive $15.2 billion in 2025. Reliance shares surged nearly 30% this year, driven by higher refining margins, increased telecom tariffs, strong retail performance, and positive market expectations. Ambani now ranks 18th globally and first in Asia. Gautam Adani: Founder of the Adani Group, made a remarkable comeback, ad...

New Delhi: With banking frauds making headlines more frequently, banks are tightening account-opening procedures to protect customers. In recent months, online scams have led to millions of rupees being transferred within minutes, often using “mule accounts.” To prevent such fraud, banks are now emphasizing Video KYC (V-KYC) over traditional e-KYC methods. Branch Visits Required:While the government allows digital savings accounts to be opened using just Aadhaar and PAN cards, these accounts have a deposit limit of ₹1 lakh and must be converted to fully KYC-compliant accounts within a year. According to a report dated 12 December, major banks including HDFC Bank, SBI, and ICICI Bank are now asking customers to verify their identity in person at branches, discouraging fully digital accou...

New Delhi: As India gears up to welcome 2026, residents of Delhi-NCR may face disruptions in food and e-commerce deliveries as gig workers plan to go on strike on Wednesday. The move threatens to affect home deliveries, potentially putting a damper on New Year celebrations. Reason for the Strike:Gig workers claim they are not adequately compensated for their work, while companies continue to earn substantial profits. Earlier, on 25 December, gig workers in Gurgaon had staged a similar work stoppage, highlighting ongoing grievances over wages and working conditions. Impact on Residents and Businesses:Food and e-commerce delivery personnel form a crucial link in bringing essentials and festive orders to households. If the strike proceeds, residents in large societies in Gurgaon and Gau...