By retaining mandatory PAN quoting for high-value deals, the government builds a more robust audit trail. (AI image) Draft income tax rules 2026: The Income Tax Department recently released the draft income tax rules in line with the New Income Tax Act. There are several changes in the draft rules pertaining to the requirement of…
US investors are increasingly moving money out of domestic equities and into overseas markets, signalling a shift away from the long-dominant “buy America” trade as returns from Big Tech moderate and global markets outperform.Data from LSEG/Lipper shows US-domiciled investors have withdrawn about $75 billion from US equity products over the past six months, including $52…
India’s largest public lender, State Bank of India (SBI) has set a target to increase the share of green advances in its loan portfolio to 7.5–10 per cent by 2030 as part of efforts to support India’s transition towards sustainable financing and low-carbon growth.The country’s largest lender said 25 per cent of these green advances…
The EU-India Free Trade Agreement is expected to open significant opportunities across trade, artificial intelligence and resilient supply chains, Austria’s State Secretary in the Federal Chancellery Alexander Proll said, describing the pact as a major step forward in economic cooperation.In an interview with PTI, Proll called the agreement a transformative arrangement that could benefit nearly…
Major US airlines have expressed concern over travel disruptions after the Department of Homeland Security (DHS) decided to temporarily suspend its PreCheck and Global Entry programmes amid an ongoing government shutdown.The suspension will take effect from 6 a.m. ET (1100 GMT) on Sunday, days after a partial shutdown began following the failure of Republicans and…
India’s leading fast-moving consumer goods companies expect growth to shift towards volumes in FY27, as easing inflation and softer commodity prices begin to reduce cost pressures and support margin recovery.Industry executives said the operating environment has turned more favourable after several volatile quarters, with mid- to high single-digit volume growth already reported by major FMCG…
What was once seen as the engine of India’s clean fuel transition is now grappling with oversupply, with ethanol production capacity significantly exceeding current blending needs.Industry estimates show nearly 20 billion litres of installed ethanol capacity, with another 4 billion litres expected shortly, against an annual requirement of about 11 billion litres to meet the…
The Reserve Bank of India has developed a high security data center in Bhubaneswar, in a move to safeguard critical financial systems and ensuring the continuity of its core operations. The location was chosen to minimise exposure to cross-border threats and seismic risks. The new greenfield facility, spread across 18.55 acres at Info Valley-II, Khordha,…
Six of ten most-valued companies saw their market capitalisation soar by Rs 63,478.46 crore last week, fueled by strong gains in Larsen & Toubro and State Bank of India. The broader market also moved modestly higher, with the 30-share BSE Sensex rising 187.95 points, or 0.22%, during the week. Among the top firms, Larsen &…
US Supreme Court’s recent striking down of President Donald Trump’s tariff framework could lift the policy outlook and influence the current climate of uncertainty. A recent report by SBI Research has suggested that countries may have to negotiate with a “counter-intuitive” approach in the interim phase, given that the final say on tariff matters rests…
