NEW DELHI: The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended window of four years to rectify or update their income tax returns. This move comes in line with the amendments introduced in the Finance Act, 2025.Previously, taxpayers had a 24-month period to file an updated…
NEW DELHI: The rupee declined by 16 paise to settle at 85.58 against the US dollar on Tuesday, weighed down by weak domestic equity markets and a rise in US Treasury yields. The drop marked a reversal from Monday’s gain, when the rupee had appreciated by 15 paise to close at 85.42.Currency dealers attributed the…
NEW DELHI: The government has extended the implementation timeline for the Safety of Household, Commercial and Similar Electrical Appliances Quality Control Order, 2025 by nearly one year, now scheduled to take effect from March 19, 2026, for domestic large and medium enterprises as well as foreign manufacturers.The decision follows a stakeholder consultation held on May…
Tesla CEO Elon Musk on Tuesday announced he will remain at the helm of the electric vehicle giant for at least the next five years, brushing off criticism over his political involvement with US President Donald Trump and insisting that Tesla’s sales and market position have rebounded sharply.“We’re strong everywhere else. So sales are… doing…
The Trump administration is bringing The One Big Beautiful Bill, which carries significant implications for many Indians residing in the US. (AI image) India is staring at a double whammy – It is at the risk of losing a several billion dollars remittance lifeline as US President Donald Trump cracks down on migration. Not only…
The growth in eight core infrastructure sectors decelerated to a 0.5 per cent eight-month low in April, compared to 6.9 per cent expansion in the same period last year, as per official figures.The sectors had shown 4.6 per cent growth in March.In April, the production figures showed negative performance in crude oil, refinery products and…
Moody’s Ratings said that continued uncertainty surrounding US tariffs is adversely affecting the credit profile of debt issuers across emerging global markets, including corporations, governments, and financial institutions.“The on-again, off-again nature of US tariffs and the difficulty in predicting US trade policy have negative credit consequences for emerging market debt issuers,” Moody’s said in a…
Moody’s analysis indicates that whilst Chinese ports might encounter immediate financial difficulties. (AI image) Indian ports are positioned to gain advantages from the worldwide China+1 strategy, according to Moody’s Ratings’ latest report. As organisations establish manufacturing facilities in India, diversifying their production and supply networks beyond China, this could substantially enhance port activities across the…
How to use your bonus: Answers to a few questions will help you… (AI image) Answers to a few questions will help you find the best way to use the surplus cash coming your way soon.1. Does your family have health cover?Don’t rely on the group cover from your employer because it may not provide…
The Reserve Bank of Australia (RBA) lowered its benchmark interest rate by a quarter of a percentage point for the second time this year, bringing the cash rate down to 3.85%. This move follows a steady decline in inflation, which has now fallen within the bank’s target range.The RBA reduced the rate from 4.1%, continuing…
