Truemed, a Start-Up Run by an RFK. Jr. Aide, Gives Tax Breaks for Meat and Mattresses
The start-up, called Truemed, helps people buy meat and mattresses with money that isn’t subject to federal income tax. But does the tax break apply? Source link
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Air India crash relief: Tata Group launches Rs 500 crore trust for victims’ families and responders, to offer long-term support and Rs 1 crore ex gratia for every life lost
Tata Sons and Tata Trusts on Friday announced the formation of a dedicated Rs 500 crore welfare trust to support victims of the Air India Flight AI-171 crash in Ahmedabad that claimed 260 lives, including 19 on the ground.In an official statement, Tata Sons and Tata Trusts said “The Trust will provide both immediate and…
Crypto’s $4 Trillion Moment
A legislative win in Congress, and the promise of more to come, has helped lift the prospects and the wealth of the cryptocurrency industry. Source link
JSW Steel Q1 results: Net profit jumps over two-fold to Rs 2,209 crore; crude steel output up 14% YoY
JSW Steel on Friday reported a more than two-fold rise in its consolidated net profit at Rs 2,209 crore for the April–June quarter, driven by lower expenses and higher volumes. The company had posted a net profit of Rs 867 crore in the corresponding quarter of FY25, it said in a regulatory filing.Total income rose…
Chevron Wins Green Light to Buy Into One of World’s Hottest Oil Projects
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world. Source link
ELSS funds: Go-to scheme for tax saving loses traction as new tax regime picks favour; Rs 1,600 crore outflows in Q1 FY26
Once a go-to choice for tax-saving investments, equity-linked savings schemes (ELSS) are slowly slipping off investors’ radar. More taxpayers are pulling out of the ELSS as they are switching to a new tax regime, which provides no tax benefits under section 80C, according to an ET report.Data for the first quarter of FY26 reveals net…
Sanctions on Russia: EU unveils strongest measures yet; oil cap lowered, shadow fleet hit
The EU on Friday unveiled one of its most powerful sanctions against Russia, since the beginning of its war with Ukraine which is now in its fourth year. The sanctions include a reduced oil price cap, a ban on dealings linked to the Nord Stream gas pipelines, and fresh action against Russia’s shadow fleet of…
India to tie-up with France for next-generation fighter jet engine? Defence Ministry pitches Rs 61,000 crore project; key step towards self-reliance
The project has received substantial support from Defence Minister Rajnath Singh. (File photo of Rafale) Boost for ‘Make in India’ defence projects: The Ministry of Defence has reportedly proposed development of next-generation fighter jet engines in collaboration with France. The aim of the project is towards self-reliance in design and manufacturing of such technologies in…
ITR filing FY 2024-25: ITR-2 online filing now live on Income Tax portal; check details
ITR filing: The Income Tax Return (ITR) filing deadline for FY 2024-25, assessment year 2025-26 is September 15, 2025. ITR filing FY 2024-25: The Income Tax Department has opened the online e-filing of ITR-2 on the Income Tax Portal incometax.gov.in/iec/foportal/. The online submission system for Form ITR-2 was opened on July 18, 2025. This development…
‘No legal basis’: Amidst India-US trade deal talks, America says India has no grounds for retaliatory tariffs at WTO; here’s what the issue is about
The Donald Trump administration has informed the WTO that India lacks legitimate grounds to suggest retaliatory tariffs. (AI image) The US has told the World Trade Organization (WTO) that India has no ‘legal basis’ to hit out at American tariffs on automobiles, steel and aluminium with retaliatory tariffs. Amidst India-US trade deal talks, the two…