LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its updated […]
IT growth lifts Accenture: Revenue rises 7 per cent; new bookings reach $21.31 billion
Accenture, the global IT services and consulting firm with a significant Indian workforce, reported a 7 per cent year-on-year increase in revenue to $17.60 billion for the June-August 2025 quarter, reflecting steady client demand and digital transformation projects, the company said on Thursday. The growth included a 2.5 per cent foreign-exchange impact, PTI reported.Julie Sweet, […]
Silver rate today: Silver hits record Rs 1.40 lakh per kg in Delhi; gold slips on weak retail demand
Silver prices surged to an all-time high of Rs 1.40 lakh per kilogram in Delhi on Thursday, while gold slipped by Rs 630 per 10 grams amid subdued buying by retailers, marking a historic divergence in precious metal trends.Following strong international trends, silver in futures trade scaled record highs. The December contract rose Rs 3,528 […]
H-1B fee increase to slightly dent Indian IT profits; industry boosts offshore delivery: Crisil Intelligence
The US move to impose higher fees on H-1B visas is expected to impact Indian IT majors’ operating margins by just 0.20 per cent, according to Crisil Intelligence, an arm of a domestic rating agency.“The US decision to impose a $100,000 fee on new H-1B visas for foreign workers will snip just 10-20 basis points […]
US economy growth: GDP expands at surprising 3.8% pace in April-June quarter; trade shifts drive Q2 upgrade
The US economy grew at an unexpected 3.8 per cent annualised pace in the second quarter, significantly higher than the previously estimated 3.3 per cent, government data showed Thursday. The revision highlights a strong rebound from a first-quarter contraction of 0.6 per cent and underscores the influence of shifting trade patterns on the country’s economic […]
Starbucks layoff: Coffee giant to close US and Canada stores, cut 900 jobs in turnaround push
Starbucks is laying off around 900 non-retail employees and shutting some stores in the US and Canada as part of a broader turnaround strategy, the company announced on Thursday, AP reported. Employees whose roles are being eliminated will be informed early Friday, while the closures will be rolled out in the coming days.The Seattle-based coffee […]
Tax audit deadline for AY 2025-26 extended! Big relief for income taxpayers as CBDT extends last date to file audit report; check new due date
NEW DELHI: The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for furnishing the audit reports under the Income-tax Act, 1961, for the Financial Year 2024-25 (Assessment Year 2025-26), from the usual date of September 30.“The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various […]
India next stop for Airbus: Board holds strategy session in Delhi for first-ever time; meeting with IndiGo, and Air India on agenda
The board of Europe’s largest aerospace company, Airbus, is meeting in Delhi this week for the first time for their annual off-site strategy session.Such sessions are usually held in Europe or in countries with a large Airbus manufacturing base. In 2018, the board met in China, home to its A320 family aircraft assembly line.The meeting […]
IPO rush in India’s pharma sector: Sector eyes Rs 12,000 crore fundraising; 15 companies ready to enter market
India’s pharmaceutical and healthcare industry is preparing for a significant wave of fundraising, with companies expected to raise Rs 12,000-13,000 crore through initial public offerings (IPOs) in the next six to nine months.According to ET, around 15 firms are likely to enter the primary market shortly. The Securities and Exchange Board of India (Sebi) has […]
Tax audit deadline: What is the last date to submit income tax audit report for AY 2025-26 & who needs to file it? Explained
Tax audit deadline 2025: September 30, 2025, remains the cut-off date for eligible taxpayers, including specific individuals, to file their income tax audit reports. For clarity, tax audits can only be conducted by a chartered accountant utilising income tax forms 3CA, 3CD, and 3CB. Taxpayers must submit their Income Tax Audit report via the e-filing […]