BUSINESS

Tax refund update: CBDT gives concurrent powers to CPC Bengaluru for rectifications; what it means for taxpayers

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154.…

6 months ago

Tax notice alert! Buying land above Rs 30 lakh? Here’s why you may come under Income Tax Department scrutiny and how to avoid it

Property buyers are increasingly receiving income tax notices questioning the source of funds for their purchases. Tax authorities are using…

6 months ago

‘Relieved from services’: Britannia CEO Varun Berry steps down; Rakshit Hargave to take over from December 15

Varun Berry has stepped down as Britannia's executive vice-chairman, MD, and CEO after a decade of significant growth. The company…

6 months ago

US stocks today: Markets rise on hopes of US govt shutdown ending; Nasdaq jumps over 440 points, S&P 500 gains 1%

Global stock markets surged on Monday. Investors are optimistic as the US government shutdown nears resolution after a 40-day standoff.…

6 months ago

Chip relief: China allows exports of Nexperia chips for civilian use; move to ease global auto supply strain

China has eased export controls on Nexperia chips for civilian use, a move that could alleviate global auto industry supply…

6 months ago

US supply chain strain: FAA flight cuts, cargo jet grounding hit US logistics; FedEx and UPS brace for holiday rush

The US air cargo industry faces significant disruption as the FAA mandates a 10% flight capacity cut at major airports…

6 months ago

Investor alert: Sebi flags digital gold risks; should you trust unregulated platforms?

Investors are cautioned by Sebi against digital gold products, which operate outside regulatory oversight and pose significant risks. These unregulated…

6 months ago

Shutdown strain: US economy reels under layoffs and lost pay; food banks, small firms struggle to cope

Washington's economy faces severe distress due to the prolonged government shutdown, leading to mass layoffs and halted food assistance. The…

6 months ago

‘Some kind of idiot’: Zerodha’s Nikhil Kamath on MBA students; claims ‘colleges are dead’

Nikhil Kamath, co-founder of Zerodha, believes traditional colleges are obsolete. He argues that online platforms and AI offer superior learning…

6 months ago

Crypto market wipeout: Digital assets erase nearly all 2025 gains after early-October record high

The cryptocurrency market has seen a significant downturn, losing substantial ground after a record high. This slump, triggered by liquidations…

6 months ago