Business

He bought a Rs 41.85 lakh and paid Rs 39.15 lakh but did not get possession; builder blames PMC-PMRDA jurisdiction changes, MahaRERA rejects excuse and orders interest payout to homebuyer

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A man bought a flat from a builder but did not get possession of it in the promised time period in the sale agreement. (Image for representative purpose only) When buying your dream home, timely possession is an important point. Yet in some cases builders fail to deliver flats and houses within the stipulated time … Read more

Reserve Bank Of India: Rupee relief, higher hedging costs: What RBI’s new forex rules mean

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RBI’s new forex rules may ease rupee depreciation pressure in near term (representative image) NEW DELHI: The Reserve Bank of India’s (RBI) latest measures to curb volatility in the rupee could ease near-term depreciation pressure, reduce speculative dollar demand and help withdraw surplus liquidity from the banking system, according to research reports cited by news … Read more

Gold Prices: Gold, silver prices next week: What investors should watch amid global uncertainty

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Gold, silver prices may stay range-bound with positive bias next week (representative image) Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for … Read more

Stock market is crashing, but IPOs are seeing billions of dollars of investment. What’s happening?

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Even as Sensex continues to bleed, Dalal Street’s IPOs are seeing strong investor interest. There seems to be no end in sight for the stock market crash. Investors, especially foreign, are exiting Indian equities with record outflows continuing. Sensex is down almost 16% from its lifetime intraday high, and hasn’t hit a fresh closing high … Read more

Man invested Rs 10 lakh, which tax department treated as unexplained; he first cited cash loan, then bank withdrawals as source, ITAT Nagpur deletes addition and Rs 2.11 lakh penalty

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The officer therefore treated Rs 10 lakh as an unexplained investment. (Image for representative purpose only) Having a money trail of your investments and its sources is important. Unexplained income and investments can invite scrutiny from the Income Tax Department.In one such case, a man invested some money in a wealth management company and faced … Read more

Landlords wanted tenant out to open a law office; he said the reason for seeking eviction had changed and other properties were available, why Delhi High Court upheld eviction

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The court first addressed the landlord-tenant relationship. (Image for representative purpose only) Tenant and landlord disputes are not uncommon and can sometimes turn into legal battles.In one such case two landlords wanted the tenant to vacate the property so they could open a law office, but the tenant refused and the matter went to court.The … Read more

‘To be finalised in line with changed circumstances’: Piyush Goyal on India-US trade deal

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The commerce minister asserted that talks are on but final pact will be in line with “changed circumstances” India and the US will finalise their interim trade agreement framework in line with changing circumstances, commerce and industry minister Piyush Goyal said on Saturday, indicating that negotiations on the first phase of the bilateral trade agreement … Read more

Woman buys Rs 1.03 crore 3BHK in Bengaluru, but builder fails to provide specially-enabled parking; Karnataka RERA orders provision within 60 days and audited maintenance accounts

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The homebuyer purchased the apartment under a Sale Deed for a total consideration of Rs 1,03,28,979. (Image for representative purpose only) You buy an apartment with the builder promising some special parking provisions. But the builder fails to deliver and collects steep maintenance charges from residents. What do you do?In one such case, a woman … Read more

Man did not file ITR, faced Rs 17.18 lakh penalty over alleged Rs 55.62 lakh unexplained cash deposits; ITAT Mumbai deletes penalty because tax officer invoked wrong provision

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There was also a problem with the penalty order itself. Unexplained cash can lead to a notice from the Income Tax Department, and sometimes even a penalty. But what happens if the penalty is imposed under the wrong section?In one such case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that … Read more

Religious, spiritual & astrology apps see nearly 30cr downloads in Jan-Sept

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NEW DELHI: From listening to bhajans and reading the Bible to finding the direction of Mecca or discovering what the stars have in store, Indians are increasingly turning to smartphones for matters of faith and fortune. Religious, spiritual and astrology apps recorded nearly 30 crore downloads in the first nine months of 2026, emerging as … Read more

Forex reserves fall by $13bn to $734.6bn

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MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The … Read more

PERM freeze: Indian IT stocks rally, but talent exodus looms | India Business News

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BENGALURU/HUDERABAD: Even as the US govt suspended processing under the Permanent Labour Certification (PERM) programme for some Indian IT firms, potentially jeopardising eligible employees’ pathways to permanent residency, the sector’s stocks rallied on Friday, suggesting limited market concern amid declining dependence on H-1B visas.However, the suspension could create talent retention and hiring challenges. H-1B employees … Read more

Faceless Gst System: Faceless system in place for central GST payers

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FM Nirmala Sitharaman chairs the 57th meeting of GST Council. Rate changes will now be an annual feature, says Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Thursday announced a faceless system for 2 lakh central GST payers operating in multiple states, following up on rate rationalisation and process reforms undertaken by the Centre and … Read more

She worked as a teacher till 62 years of age instead of retiring at 60, but was denied gratuity because of extended service; Allahabad HC orders payment with 6% interest

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The court pointed out that she had been allowed to continue working until the age of 62 and had received all other retirement benefits admissible to her. You work several years in an educational institution and are denied gratuity on the grounds that you worked beyond the retirement age. What do you do? In one … Read more

Structural Excess Capacity: India joins US-led group on structural excess capacity

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India joins US, 13 economies in joint statement to address global excess capacity after G20 meeting NEW DELHI: India has joined US and a dozen other economies, including Canada, EU, Japan, South Korea, Mexico, France, Germany and UK, on structural excess capacity in five categories – autos and EVs, batteries, chemicals, foundational semiconductors and solar … Read more