February 28, 2026

Business

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India-US trade talks resume: Deal unlikely unless extra 25% tariffs lifted, says GTRI; urges firm stance on farm, dairy

contact@dailyupdatesindia.com02 mins

Progress in India–US trade negotiations depends heavily on Washington revoking the additional 25 per cent tariffs linked to India’s Russian oil imports, according to a report by the India-based Global Trade Research Initiative (GTRI) as discussions resumed in New Delhi on Tuesday.“Negotiations will remain slow unless Washington signals genuine flexibility,” the GTRI report stated, as…

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Aviation expansion: IndiGo to start direct Mumbai-Copenhagen flights from Oct 8; marks entry into Nordics

contact@dailyupdatesindia.com01 mins

IndiGo is set to add Copenhagen to its international network from October 8, marking the airline’s entry into the Scandinavian region. The new services will be operated three times a week from Mumbai, expanding its reach further into Northern Europe. The flights will use Boeing 787-9 Dreamliner aircraft taken on wet/damp lease from Norse Atlantic…

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GST revamp: Government asks retailers to highlight discounts; focus on festive season sales

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In a major relief to the consumers, the commerce and industry ministry has asked retail chains to clearly display and advertise discounts arising from the recent rationalisation of GST rates, directing them to pass on the benefit to final buyers ahead of the festive season.In a communication to the Retailers Association of India, the Department…

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ITR filing FY 2024-25 due date today: Income tax portal still facing glitches despite deadline extension? What taxpayers are saying

contact@dailyupdatesindia.com04 mins

Taxpayers continue to struggle with the ITR submission process due to technical difficulties on the Income Tax department’s official portal. (AI image) ITR filing FY 2024-25 due day has been extended to today, that is September 16, 2025, but taxpayers are complaining of still facing issues with the income tax e-filing portal.Following the Finance Ministry’s…

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Gold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift

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Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported…

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India’s first private-sector strategic petroleum reserve! Megha Engineering bags Rs 5,700-crore project; why it’s important

contact@dailyupdatesindia.com03 mins

The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures Ltd.According…

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Russia’s economy to outpace global growth; focus on fiscal stability, technology and foreign ties: Putin

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Russian President Vladimir Putin stressed the need for Russia’s economic growth to outpace global rates during a conference addressing financial matters.At the conference, Putin highlighted how the country’s fiscal stability and execution of initiatives and schemes are directly linked to its economic performance. “It is obvious that the stability of public finances, the implementation of…

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Railway stocks rally on contract wins: Ircon, RailTel, Rail Vikas among top gainers; Analysts see selective short-term opportunities

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Railway equities experienced a significant uptick on Monday, driven by numerous contract wins and government capital expenditure initiatives.Ircon International saw a 6.8% rise, whilst RailTel Corporation of India increased by 6.5%. Rail Vikas Nigam and Jupiter Wagons rose by 2.8% and 2.5% respectively, with Titagarh Rail Systems and Indian Railway Finance Corporation showing gains of…

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ITR filing due date extended to September 16: Why did Income Tax department grant an extra day for tax returns filing? What we know

contact@dailyupdatesindia.com03 mins

ITR filing due date extension: The move came, even as the number of filed returns crossed 7.3 crore by 15 September, the highest ever. ITR filing FY 2024-25 due date extended: Amid a record surge in Income Tax Return (ITR) filings, the government has extended the deadline for Assessment Year 2025-26 by a day, pushing…

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Employment rate: Joblessness dips for 2nd month as figure eases to 5.1% in August; rural, male categories drive fall

contact@dailyupdatesindia.com02 mins

India’s unemployment rate for people aged 15 years and above eased to 5.1 per cent in August 2025, marking a second consecutive month of decline, according to the latest Periodic Labour Force Survey (PLFS) released by the ministry of statistics and programme implementation (MoSPI) on Monday.The rate had stood at 5.2 per cent in July…

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