HCLTech CEO C Vijayakumar earns $10.85 mn in FY25; more than TCS, Infosys heads
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New Indian Express
27 minutes ago
- New Indian Express
Centre releases Rs 3,000 crore for CMRL Phase 2 in 2025-26
CHENNAI: The union government has released Rs 3,000 crore so far this financial year towards Chennai Metro Rail's Phase 2 project, according to a Right to Information (RTI) response accessed by TNIE. The funds, disbursed by the Ministry of Housing and Urban Affairs as of July 28, form part of a total outlay of Rs 8,445.8 crore earmarked for the project in 2025-26 — the single-largest allocation for any metro project across the country this year. The release includes the full equity contribution of Rs 1,841.2 crore, Rs 158.8 crore in subordinate debt, and Rs 1,000 crore in pass-through assistance (PTA) from external agencies, according to the ministry's reply to RTI petitioner Dayanand Krishnan. A senior official with Chennai Metro Rail Limited (CMRL) said the centre had already released approximately Rs 5,400 crore before March 2025, following the formal approval of Phase 2 as a central sector scheme in October 2024. 'The Rs 3,000 crore includes funds received during April and May. In total, Tamil Nadu has received around Rs 8,400 crore so far. It's not disbursed in tranches — funds are released as and when needed,' the official said. Spanning 118.9 km across three corridors, Phase 2 is one of India's largest ongoing urban mobility investments. Its reclassification as a central sector scheme last year has unlocked direct funding from the union government, after years of procedural delays. The steady flow of funds is expected to ease financial pressure on the Tamil Nadu government, which has been seeking continued central support for its expanding mass transit infrastructure. The large allocation also signals the strategic and political significance of the project, with Chennai emerging as a key node in India's urban transport agenda. RTI activist Krishnan, who has closely tracked metro funding in Tamil Nadu, urged the union government to expedite approvals and funding for three pending proposals from the state: A new corridor linking Chennai Airport to Kilambakkam, and greenfield metro projects in Madurai and Coimbatore. Concrete moves Release includes equity of Rs 1,841 cr, Rs 158 cr subordinate debt, Rs 1K c assistance from external agencies In total, Tamil Nadu has received around Rs 8,400 crore so far, says official 118.9 km across 3 corridors; Phase 2 is one of India's largest urban mobility projects
Time of India
27 minutes ago
- Time of India
Rs 2 lakh worth earning from credit card reward points, here's how a techie working in Pune did it using these HDFC Bank credit cards
HDFC BizBlack reward points strategy Let's start with BizBlack. This is a hidden weapon for freelancers, consultants & business owners. Why? Because it gives 5X points on tax & utility payments, including GST and advance tax and each point is worth Rs 1! GST & Tax Payments Strategy I paid my GST & advance tax using Bizblack BizBlack gives 5X points on these Monthly cap: 7,500 bonus points Annual = 90,000 bonus points + base points Academy Empower your mind, elevate your skills Base earn rate: 5 RPs per Rs 150 5X means: 25 RPs per Rs 150 (including base) Max bonus: 7,500/month = 90,000/year With base points: ~1,00,000+ points/year Value: Rs 1 = Rs 1,00,000 saved or earned. HDFC Infinia credit card strategy Talreja says: Let's talk about the beast --HDFC Infinia. Infinia is not just a premium lifestyle card, it's a reward-generating machine when you use it strategically with SmartBuy + GYFTR vouchers SmartBuy + GYFTR = My Power Combo Myntra vouchers (5X points) -Especially during Gold coin deals (8% off) Pharmeasy vouchers (10X points) - For baby essentials Blinkit/Swiggy Instamart vouchers (5X points) -For groceries All bought via SmartBuy, giving huge bonus points. Why Myntra was a double win I bought Myntra vouchers via SmartBuy (5X points) Used vouchers for gold coin purchases Earned points + got coins at discount = Investment + Rewards Infinia Point Mechanics Base rate: 5 points per Rs 150 SmartBuy boost: Up to 10X (50 points per ₹150) Monthly cap: 15,000 bonus points Redemption value: ₹1 per point (flights/hotels via SmartBuy) Yearly reward: 1,00,000 points = Rs 1,00,000 value Key lessons Use BizBlack for all tax payments Use Infinia for all expenses via GYFTR vouchers Hit monthly bonus caps only when you have expenses Track your usage. Points = money. Don't just swipe cards - strategize them Vouchers may feel boring, but they multiply rewards Even tax can be rewarding with the right credit card This is how rich people use credit cards Suraj Kumar Talreja, an data analyst who previously work at Standard Chartered Bank and is currently with V Square Systems in Pune, shared his journey of earning Rs 2 lakh in reward points from his HDFC BizBlack and Infinia credit cards over the past year. According to HDFC Bank website as of August 7, 2025, "1 Reward Point = Upto 1 Re".Talreja posted on X (formerly Twitter) on August 6, 2025: 'Here's how I earned 2,00,000 reward points in just 1 year worth a whopping Rs 2,00,000 using my HDFC BizBlack & Infinia cards. No overspending. Just smart planning. Here's a thread for anyone who wants to truly master credit cards.'Speaking exclusively to ET Wealth Online, Talreja said: "Credit cards are not for spending more; they're for earning more on what you already spend."Talreja said:That's over Rs 1,00,000 in reward value just for paying taxes you'd pay explains how he earned another 1,00,000 pointsI used Infinia for:Taleja explains: Recently, Myntra had 8% off on Gold CoinsTalreja says: 'This is next-level credit card usage'Talreja says: 'Without overspending. Just smart optimization.'Talreja says:
The Hindu
27 minutes ago
- The Hindu
Trump plans 100% tariff on computer chips, unless companies build in U.S.
U.S. President Donald Trump said on Wednesday that he will impose a 100% tariff on computer chips, raising the spectre of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. "We will be putting a tariff of approximately 100% on chips and semiconductors," Mr. Trump said in the Oval Office while meeting with Apple CEO Tim Cook. "But if you are building in the United States of America, there is no charge." The announcement came more than three months after Mr. Trump temporarily exempted most electronics from his administration's most onerous tariffs. The Republican president said companies that make computer chips in the U.S. would be spared the import tax. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation. Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the U.S. Big Tech already has made collective commitments to invest about USD 1.5 trillion in the US since Mr. Trump moved back into the White House in January. That figure includes a USD 600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another USD 100 billion on to a previous commitment made in February. Now the question is whether the deal brokered between Mr. Cook and Mr. Trump will be enough to insulate the millions of iPhones made in China and India from the tariffs that the administration has already imposed and reduce the pressure on the company to raise prices on the new models expected to be unveiled next month. Wall Street certainly seems to think so. After Apple's stock price gained 5% in Wednesday regular trading sessions, the shares rose by another 3% in extended trading after Mr. Trump announced some tech companies will not be hit with the latest tariffs while Mr. Cook stood alongside him. The shares of AI chipmaker Nvidia, which also has recently made big commitments to the U.S., rose slightly in extended trading to add to the USD 1 trillion gain in market value the Silicon Valley company has made since the start of Mr. Trump's second administration. The stock price of computer chip pioneer Intel, which has fallen on hard times, also climbed in extended trading. Inquiries sent to chip makers Nvidia and Intel were not immediately answered. The chip industry's main trade group, the Semiconductor Industry Association, declined to comment on Mr. Trump's latest tariffs. Demand for computer chips has been climbing worldwide, with sales increasing 19.6% in the year-ended in June, according to the World Semiconductor Trade Statistics organisation. Mr. Trump's tariff threats mark a significant break from existing plans to revive computer chip production in the U.S. that were drawn up during the administration of President Joe Biden. Since taking over from Mr. Biden, Mr. Trump has been deploying tariffs to incentivise more domestic production. Essentially, the president is betting that the threat of dramatically-higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for mobile phones, TVs and refrigerators. By contrast, the bipartisan CHIPS and Science Act that Mr. Biden signed into law in 2022 provided more than USD 50 billion to support new computer chip plants, fund research and train workers for the industry. The mix of funding support, tax credits and other financial incentives were meant to draw in private investment, a strategy that Mr. Trump has vocally opposed.
