Business

The sister-in-law also submitted a written statement to support the man’s version. (Image for representative purpose only) An income tax raid is conducted and foreign currency is found, but it doesn’t belong to you – what happens then? A few months after demonetisation, the Income Tax Department searched a man’s property in Delhi.During the operation, … Read more

MUMBAI: Consumer demand appears to be losing momentum, with loans for consumer durables and credit card outstandings growing just 2.4% and 3.6% year on year, respectively, in Aug. At the same time, banks have seen strong demand for secured borrowing, with gold loans adding Rs 98,096 crore in the first five months of FY27, almost … Read more

After securing the job, she allegedly left her in-laws to deal with financial hardship and other difficulties on their own. (AI image for representative purpose only) It is a known practise for government jobs to be offered to the family of the deceased if the employee has passed away while still in service. The aim … Read more

The new rules, effective October 15, limit dealers to 1,000 quintals and require stocks to be sold within 15 days of receipt. NEW DELHI: The Centre has further tightened stock limits for sugar dealers ahead of the festive season, capping inventories at 1,000 quintals and restricting the holding period to 15 days in a move … Read more

Bloodbath at Dalal Street NEW DELHI: Dalal Street suffered its worst and longest losing streak in nearly 25 years, with investors losing over Rs 6 lakh crore. Benchmark indices came under heavy selling pressure on Thursday, with BSE Sensex and NSE Nifty50 falling more than 1% as persistent foreign investor outflows, rising US bond yields … Read more

Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the … Read more

India’s growth momentum holds as finance ministry sees 7.3% Q2 expansion (representative image) India’s economy is estimated to have grown 7.3% in the September quarter of the current financial year, slowing from the 7.8% expansion recorded in the April-June period, according to the finance ministry’s latest Monthly Economic Review released on Thursday.The ministry said the … Read more

Companies are cutting some mid-career and routine roles while continuing to hire specialist freshers. At a time when layoffs in the IT sector globally grab headlines every few weeks, what’s happening in Indian IT this year? The Indian IT jobs market is going through a shift that is increasingly more structural than cyclical – new … Read more

The technology used to produce premium-quality Waste Plastic Modified Bitumen was developed by IIT (BHU). (Image for representative purpose only) In a first for the road sector, the Nitin Gadkari-led Road Transport Ministry has used waste plastic in a wet mix with bitumen to construct a bituminous stretch of a national highway. The initiative could … Read more

PIB debunks fake Saturday holiday notification (representative image) The Press Information Bureau (PIB) Fact Check unit on Thursday debunked a document circulating on social media that claimed the Central Government had declared every Saturday a public holiday for all public sector banks, including the State Bank of India (SBI).In a post on X, PIB Fact … Read more

Anthropic​Anthropic’s AI paradox: More powerful systems could mean bigger risks to humanity Anthropic’s much awaited IPO is built around a striking contradiction: the artificial intelligence company wants public investors to help finance technology it says could transform the global economy, while warning in the same prospectus that increasingly powerful AI could pose catastrophic or existential … Read more

BIS hallmarking serves as a system for determining the purity of precious metal articles. (Image for representative purpose only) Gold hallmarking, a sign that allows you to verify the purity of the gold you are purchasing, has become costlier. And, the fallout of that is that there is a possible rise in fraudsters who are … Read more

GST collections cross Rs 2 lakh crore India’s gross Goods and Services Tax (GST) collections once again crossed the Rs 2 lakh crore mark in September, rising 14.7% year-on-year to Rs 2.04 lakh crore, according to government data. The increase was driven by higher revenue from both domestic transactions and imports.Revenue from domestic transactions grew … Read more

Factory growth hits 7-month high, PMI rises to 55.1 India’s manufacturing activity scaled up sharply in September, as stronger demand pushed up sales and production, while companies stepped up hiring and stock-building.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.1 in September, from 52.8 in August, marking the strongest improvement in … Read more

Overall, MCX Gold continues to maintain a positive technical outlook, with 155,000 as the potential upside level. Gold and silver price prediction today: Gold is seeing some fresh buying interest, while silver is weaker in comparison, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Here’s what the expert has to say: … Read more

Commercial LPG gets costlier The price of a 19-kg commercial LPG cylinder has risen by Rs 62.50 from Thursday, October 1, taking the price to Rs 2,810. This follows a Rs 9.50 increase in September, when the cylinder was priced at Rs 2,747.50. ATF prices have also gone up by around Rs 16 per litre, … Read more

Commerce minister Piyush Goyal with US trade representative Jamieson Greer US trade representative Jamieson Greer called Union commerce and industry minister Piyush Goyal a “trade minister for life” as he opened the G20 trade ministers’ meeting in Milwaukee. The light-hearted remark came as the two ministers met on the first day of the two-day gathering.Greer … Read more

Dalal Street is set to enter the final trading session of the week, with investors tracking a mix of domestic and global cues after benchmark indices extended their losing streak in the previous session. Sensex and Nifty gave up strong intraday gains to close lower, reflecting continued caution across the market. Crude oil prices remain … Read more

Oil prices showed little movement in early trading on Thursday after both major benchmarks gained about $1 a barrel in the previous session. The oil market remained calm as investors weighed developments in US-Iran peace talks and the recovery in Middle East crude exports.Around 7 am IST, WTI Crude was trading at $90.16 a barrel, … Read more

Dalal Street is set for a crucial session after the benchmark indices extended their losses in the previous sessions. The market outlook remains shaped by elevated crude oil prices, persistent foreign fund selling, currency movements and global rate expectations. Domestic equities have faced correction-led headwinds, with continued FII outflows and elevated US Treasury yields adding … Read more

While filing his return for AY 2022-23, he mistakenly treated Rs 25.42 lakh in interest from the bonds as taxable income. (Image for representative purpose only) What if you end up paying taxes on a tax-free income? Will you be refunded? In one such case a senior citizen man erroneously ended up paying tax on … Read more

The Delhi High Court recently directed a son and his wife to vacate his parents’ house. (Image for representative purpose only) Your husband buys a property in your name. Does that give your son an automatic right to co-ownership by staying there? What if the son claims to have spent money on construction?In one such … Read more

Rupee continues to weaken against US dollar Rupee remained under pressure against the US dollar on Wednesday, slipping 3 paise to 95.97 in early trade. The fall came as demand for the greenback from state-run oil marketing companies and higher crude oil prices weighed the currency down.Rupee began the session at 95.87 at the interbank … Read more

Small savings schemes are also providing the central government with an additional source of financing. Indians may be moving towards equity investments, but the good old small savings schemes continue to form an important part of their investment portfolio. Be it Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) or Senior Citizens Savings Scheme (SCSS), … Read more

Several rules covering banking, payments and personal finance are scheduled to change from October 2026.  October brings several changes to your financial life, with some transactions set to get costlier. Several rules covering banking, payments and personal finance are scheduled to change from October 2026.The changes include a reduction in the number of free ATM … Read more