Business

The Indian Overseas Bank (IOB) headquarters. File | Photo Credit: The Hindu Indian Overseas Bank (IOB) has received a demand notice for more than ₹766 crore from the Income Tax Department. 👉 Visit the Official SleepLean Website The notice, for ₹766 crore (₹7,66,02,83,968), is from the office of the Deputy Commissioner of Income-tax, Non-Corporate Circle-8,…

India’s Prime Minister Narendra Modi (R) walks with Canada’s Prime Minister Mark Carney before their meeting at the Hyderabad House in New Delhi on March 2, 2026. Sajjad Hussain | Afp | Getty Images India and Canada need new friends — and customers. So this week, they put past, painful differences aside to pledge closer…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Japanese…

Sign at the main entrance to a Best Buy store in Venice, Florida. Erik McGregor | Lightrocket | Getty Images Best Buy posted mixed results on Tuesday as the retailer’s holiday-quarter sales declined and missed Wall Street’s expectations, but its earnings topped estimates as it showed improved profitability. For the current fiscal year, the consumer…

👉 Visit the Official SleepLean Website Japan is in discussions with India to jointly explore rare earth deposits in Rajasthan as Tokyo looks to reduce its dependence on China for critical minerals used in magnet manufacturing, Reuters reported, citing two people familiar with the matter.Last month, Union minister G. Kishan Reddy said three hard rock…

Tata Group Chairman N. Chandrasekaran. File. | Photo Credit: ANI Tata Group Chairman N. Chandrasekaran on Tuesday (March 3, 2026) hoped that the current conflict between Iran and the US-Israel does not affect the supply chain, and said the conglomerate has plans to mitigate risks that can emanate from the ongoing war in West Asia….

India holds about 100 million barrels of commercial crude oil stocks — in storage tanks, underground strategic reserves and on ships voyaging towards the country — which could cover roughly 40-45 days of its requirement if flows through the Strait of Hormuz are disrupted, according to Kpler. India imports about 88% of the crude oil…

A farm leased by Rent a Tree | Photo Credit: SPECIAL ARRANGEMENT Kochi-based entrepreneur Umesh Damodaran ran an edu-tech startup in Bengaluru from 2018 to 2023, constantly shuttling between the two cities. During one of his travels, he came across a few export-quality Alphonso mangoes in Palakkad, Kerala, which he happily took to Bengaluru, distributing…

Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Anadolu | Getty Images The closure of the Strait of Hormuz by Iran is sending shockwaves across global energy markets, with Asia expected to face the maximum pain. A senior…

China’s Foreign Minister Wang Yi (C) welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (L) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. – | Afp | Getty Images As U.S. and Israeli strikes entered their third day,…