8 IT firms including TCS, Infosys suspended from US green card programme: How does it hit Indian professionals?

PERM Is a crucial stage in the process of getting employment-based green cards in the US. In yet another blow to the Indian IT sector and its professionals, the Donald Trump administration has barred as many as eight technology companies from participating in a programme that is used to seek green cards for foreign workers. … Read more

Sisters sought share in parents’ properties under Hindu Succession law; Madras HC rules for brother over mother’s land on ouster, father’s estate over missing parties

Madras High Court did not deny the sisters’ status as legal co-owners of their mother’s properties. (Image for representative purpose only) Making a Will properly to ensure that all the required legal formalities are followed can help prevent disputes over inheritance among your children. A recent judgment of the Madras High Court highlights this very … Read more

Top stocks to buy or sell today: Stock market recommendations for October 9, 2026 – check list

Top stocks to buy or sell today on October 9, 2026 Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, 2026 by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. Meanwhile, Dixon is a sell call according to … Read more

Passenger trains being run with slower freight engines as Indian Railways faces locomotives shortage; records show 80-100 cases a month causing delays of several hours

Data for September 2026 show that Indian Railways has approximately 17,900 locomotives in its fleet. (File photo of Indian Railways train) Indian Railways seems to be running short of locomotives to run its passenger trains, prompting the national transporter to make use of locos for freight trains. A shortage of locomotives meant for passenger services … Read more

Gold price prediction: Should you follow sell on rise strategy? Check October 9, 2026 outlook

Gold has staged a sharp recovery, but the Rs 1,51,500–Rs 1,51,700 zone is crucial for determining whether the rally can extend further. Gold price prediction today: Gold has staged a comeback, but the market still signals a sell on rise strategy near Rs 1,51,500–Rs 1,51,700, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, … Read more

Stock Market Today Live Updates: BSE Sensex jumps over 750 points, Nifty50 climbs above 22,480

With Brent crude prices spiking again to over $105 per barrel, US Treasury bond yields rising to a more than two-decade high and the rupee at close to 96.8/$, strong foreign fund selling pulled the markets sharply down on Thursday. Reliance Industries, HDFC Bank and Bharti Airtel led the slide as sensex lost 1,045 points … Read more

Man had Rs 2 crore bank deposit and didn’t file ITR, faced Rs 2.51 crore tax addition; ITAT Chennai quashes reassessment after Income Tax Department missed 6-year deadline by 5 days

The case concerned assessment year 2015-16 and the changes brought to the law governing reassessment notices from April 1, 2021. (Image for representative purpose) You don’t file your income tax return for an assessment year and some years after that the tax department sends you a notice over unexplained income for that AY. What happens … Read more

‘Unlikely to affect workforce strategy’: TCS on Trump’s green card suspension move, plans 15,000 hires

 Trump administration suspended eight companies. (Photo: Reuters) Tata Consultancy Services (TCS) on Friday said the US government’s suspension of the Permanent Labour Certification (PERM) programme for several technology companies was not expected to have any material impact on its workforce strategy or client engagements.This came a day after the Trump administration suspended eight companies, including … Read more

Gst Council: GST Council scraps tax officers’ arrest powers, eases refund rules

A view of the 57th Goods and Services Tax (GST) Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman, in New Delhi on Thursday NEW DELHI: Nine years after the biggest indirect reform in the country, GST Council on Friday decided on a massive procedural overhaul that will rework the way businesses operate, enable them … Read more

Starlink: Starlink entry row: Is Ambani the real boss of India, asks Elon Musk

Elon Musk brings Ambani into the Starlink India delay NEW DELHI: The terrestrial war over providing satellite communication (satcom) services heated up several notches Thursday, with Elon Musk asking on X, “Is Ambani the real boss of India”, hours after govt denied his charge that “certain oligarchs” were blocking Starlink’s entry to India.In his first … Read more

Retired bank employee got Rs 12.27 lakh leave encashment and claimed Rs 3 lakh exemption in 2020, but government later hiked limit to Rs 25 lakh in 2023; ITAT Chennai allows full tax exemption

A CBDT Notification No. 31/2023 dated 24 May 2023 increased the exemption limit for non-government employees from Rs 3 lakh to Rs 25 lakh.  (Image for representative purpose only) You retire and get leave encashment, a part of which is exempt from tax. You file your income tax return claiming the exemption, but later the … Read more

‘Operation Economic Outcast’: US sanctions two Mumbai firms, five Indians over alleged Iran oil trade

US targets 2 Mumbai companies, 5 Indians in Iran petroleum sanctions (representative image) The United States on Thursday imposed sanctions on two Mumbai-based companies and five Indian nationals over their alleged involvement in the trade of petroleum products from Iran, as Washington stepped up its economic pressure on Tehran.The US department of state targeted SSPL … Read more

Russia eyes return to Europe’s gas market despite sanctions, Ukraine war: Report

Russia aims to reach Europe’s gas market through Nord Stream pipeline (Representational image) Russia may be looking to turn the gas taps to Europe back on, with talks under way over bringing a US investor into the Nord Stream pipelines that once carried Russian gas to Germany.According to five people familiar with the matter, the … Read more

No MDR on UPI from October 15? Government considers delaying rollout of fees: Report

UPI will continue to be free for consumers, with no transaction fee imposed on person-to-person payments.  Will the rollout of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions be deferred to January 2027? The government may postpone the move which was scheduled to be effective from October 15, 2026, by a few months, … Read more

Grandmother and her son gifted 2.5-acre land to his second wife, who sold it; his daughter from first marriage claimed it was ancestral, but Madras HC rejects her plea

The sale prompted opposition from the man’s daughter from his first marriage. (Image for representative purpose only) Land disputes are a tricky matter especially when it comes to property that one person claims is ancestral, and the other as self-acquired.In one such case, a daughter has claimed share in a property that her grandmother and … Read more

AI regulation consultation paper next month, says IT minister Vaishnaw; focus on safety, deepfakes

Vaishnaw said the government had reached a stage where India needed a regulatory framework for AI, but stressed that legislation alone would not be enough. Union minister Ashwini Vaishnaw on Friday said that government is working on bringing AI regulations starting with releasing a Consultation paper next month.The paper will focus on AI safety, harms … Read more

GST reforms: Top things announced by FM Sitharaman-led GST Council & what they mean for businesses

What are the key reforms that have been announced and what do they mean? Let’s take a look: The 57th GST Council meeting saw the announcement of sweeping reforms aimed at ease of doing business, especially for small businesses. The changes recommended by the Council will take effect from April 1, 2027.Finance Minister Nirmala Sitharaman … Read more

‘Death by restriction’: As Trump sours H-1B visa dream, which Indian IT professionals face the biggest hit?

Experts say H-1B visas are an indication of the larger crackdown to ensure Americans don’t lose out on jobs. Indians, particularly IT sector professionals, hoping to work in the US, have a steep uphill climb. And, under the Donald Trump administration the fear is that the path may itself be lost! The repeated tightening of … Read more

GST Council meeting: Arresting powers of tax officers scrapped, prosecution threshold raised to Rs 5 crore

New Delhi, Oct 08 (ANI): Union Finance and Corporate Affairs Minister Nirmala Sitharaman chairs 57th meeting of the GST Council, in New Delhi on Thursday. (@FinMinIndia X/ANI Photo) The Goods and Services Tax (GST) Council on Thursday recommended a series of changes aimed at easing compliance, reducing procedural burdens and simplifying the GST regime, while … Read more

TCS Q2 results: Net profit rises 15% to Rs 13,884 crore, revenue up 11%

TCS said growth during the quarter was broad-based across international markets, with BFSI, manufacturing and technology services among the key contributors. Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday reported a 15 per cent rise in consolidated net profit to Rs 13,884 crore for the September quarter, aided by broad-based growth across … Read more

India’s GDP is booming, but stock market is crashing: What’s going wrong?

GDP records strong growth, but why is Dalal Street tumbling? India’s GDP has surpassed estimates, clocking a 7.8% growth. The World Bank is betting on an even stronger year than it previously expected. Yet, Dalal Street is bleeding.So what’s happening? Why is the stock market crashing when the economy appears to be doing so well?Thursday … Read more