The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance Act, 2025.The Union Budget 2025 has extended the timeline to 48 months from the assessment year’s end for filing updated returns under Section 139 (8A) […]
Some relief for Nayara! Microsoft restores IT services to Russia-backed Indian oil refinery; US company abruptly halted operations after EU sanctions
Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy, according to a Reuters report. The move comes after Nayara had sued Microsoft for abrupt suspension of services following European […]
Tariff impact: Donald Trump’s new import duties could push US factory costs up to 4.5%, economists warn; flag risks to jobs, AI growth and margins
As President Donald Trump prepares to implement a sweeping set of new import tariffs starting August 1, a new analysis suggests these policies could significantly strain US manufacturers by raising their costs between 2% and 4.5%. The research, conducted by the Washington Center for Equitable Growth, warns that such increases may crimp already-thin profit margins, […]
Hang Seng index dips amid China-US trade talks; European stocks rise, Fed decision in focus
Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later this week.France’s CAC 40 rose 1.1% to 7,887.57, Germany’s DAX advanced 1% to 24,191.38, and the UK’s FTSE 100 was up 0.3% in early trade. […]
TCS layoffs: IT ministry ‘closely monitoring’ 12,000 job cuts, claims report; IT union calls tech firm’s move illegal
The Ministry of Information Technology is monitoring developments following TCS‘s announcement to reduce its workforce by over 12,000 staff, according to PTI sources. Officials, cited by the news agency, claimed the IT Ministry is closely following the situation and maintaining communication with the technology company. The ministry seeks to understand the root causes behind this […]
Stock market today: Nifty50 opens flat; BSE Sensex near 80,900
Market experts anticipate continued pressure due to varied Q1 results, ongoing FII outflows and stalled progress in India-US trade negotiations. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was near 24,700, BSE Sensex was hovering near 80,900. At 9:19 AM, Nifty50 […]
Swiggy, Zomato lead public market fundraising; Zepto tops private capital charts
BENGALURU: India’s venture-backed startups raised over Rs 44,000 crore ($5.3 billion) from public markets in FY25, more than double the late-stage capital they secured from private investors during the same period, according to The Rainmaker Group’s RainGauge Index FY25 Annual Update. The data points to a decisive shift in the startup funding lifecycle with IPOs, […]
Rare earth elements found in Singrauli coalfields; extraction viability under study, Coal minister G Kishan Reddy tells Parliament
Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following detailed research and appraisal by Coal India Ltd (CIL).REEs — including elements like scandium and yttrium — are essential components in clean energy systems, electronics, […]
Gold price prediction: What’s the gold rate outlook for July 28, 2025 week – should you buy or sell?
Gold price prediction: Gold prices edged lower last week after briefly touching the ₹1 lakh mark domestically. (AI image) Gold price prediction today: Gold prices are likely to trade sideways as the safe haven appeal of the yellow metal somewhat diminishes with the US sealing trade deals with many countries. Manav Modi, Senior Analyst, Commodity […]
Kotak Mahindra Bank Q1 results: Profit slips 7% YoY; retail CV stress, high provisions weigh on earnings
Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, marking a significant drop from Rs 7,448 crore in the same period last year. The previous year’s figure, however, included a one-time gain of over Rs 3,000 crore from the sale of a stake in its general insurance business, […]