Latest News, Updates & Breaking Headlines
The Income tax department is holding back a chunk of refund payments after detecting wrongful deduction claims in several high-value and system-red-flagged filings, CBDT Chairman Ravi Agrawal said on Monday, PTI reported. Legitimate refunds, he added, should be cleared “this month or by December”.Speaking to reporters on the sidelines of an event at Bharat Mandapam,…
MUMBAI: India must avoid marking progress through “market capitalization ratios or the volumes of derivatives traded,” chief economic advisor V Anantha Nageswaran said. He called upon banks and financial institutions to become bolder, technologically sharper and more willing to take calculated risks.Speaking at the CII Financing Summit 2025, Nageswaran described marketcap and derivative volumes as…
The Reserve Bank of India’s latest export relief package could weigh on the rupee in the near term, with bankers warning that exporters may now delay bringing back their foreign earnings.The measures, announced on Friday, aim to help Indian exporters manage the impact of steep U.S. tariffs but may reduce immediate dollar supply in the…
Dubai’s biennial Air Show opened on Monday with a headline announcement from hometown carrier Emirates, which placed a $38-billion order for 65 Boeing 777-9 aircraft, reinforcing its push to expand long-haul capacity amid record earnings and rising traffic through the city’s East-West hub, AP reported.The new order takes Emirates’ total commitment for the upcoming 777-9…
Arunachalam Vellayan, former Chairman of the Murugappa Group CHENNAI: Arunachalam Vellayan (72), former Chairman of the Murugappa Group and Chairman Emeritus of Coromandel International, passed away on Monday after a prolonged illness, the ₹902-billion Murugappa Group said in an official statement.A fourth-generation member of the Murugappa family and great-grandson of Dewan Bahadur Murugappa Chettiar —…
Nearly one in four Indian enterprises has suffered losses of more than $ 1 million from cyber breaches in the past three years, according to PwC’s latest 2026 Global Digital Trust Insights survey. The exposure is particularly high among large firms, with the report noting that 45 per cent of companies earning $5 billion or…
The aviation fuel cargo, totalling 60,000 metric tons (472,800 barrels), departed from Jamnagar port between October 28 and 29. (AI image) Amidst ongoing trade deal related issues, India has for the first time exported jet fuel to the United States’ West Coast. The shipment has been sent for Chevron, an energy major firm.According to a…
A new analysis by the Oxford Institute for Energy Studies has cautioned that the worldwide effort to move away from Russian gas is creating fresh instability in the market, largely because of tighter supplies and shifting political alignments. The report says that cutting reliance on Moscow has pushed several countries to depend more heavily on…
India’s merchandise exports fell 11.8% to $34.38 billion in October, even as inbound shipments registered strong growth, pushing the trade deficit to $41.68 billion, government data released on Monday showed.Imports jumped 16.63% to $76.06 billion, driven largely by a sharp rise in precious metal inflows, PTI reported. Gold imports surged to $14.72 billion, nearly tripling…
Global equities are expected to generate strong long-term gains even though market valuations remain high, with Goldman Sachs forecasting an annualised return of 7.7 per cent in US Dollar terms over the next decade. The projection comes from the investment bank’s latest Global Strategy Paper titled Building Long-Term Returns: Our 10-Year Forecasts.According to news agency…
