Indian Business

During the assessment, the AO estimated Kumar’s business income under Section 44AD — something completely outside the scope of the original notice. (AI image) Making cash deposits of large amounts in your bank account? Be aware of a case where a cash deposit attracted the attention of the Income Tax Department, and the assessing officer…

CP Gurnani (left) with Arun Bansal New Delhi: Adani Airport Holdings Ltd (AAHL) has tied up with AIONOS, an InterGlobe Enterprises (IGE) company, to implement a multi-lingual omni-channel agentic AI solution that “would enhance” the conventional help desk experience for passengers. A subsidiary of Adani Enterprises, AAHL operates airports at seven places — Mumbai, Ahmedabad,…

The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…

US markets ended mixed on Thursday, with investors juggling upbeat and cautious signals from Big Tech earnings and renewed optimism around US-China trade ties.The S&P 500 slipped 0.2% from its all-time high earlier this week, while the Nasdaq composite lost 0.6%. The Dow Jones Industrial Average, however, gained 199 points, or 0.5%, by mid-morning trade,…

Online brokerage Groww is gearing up for one of the most closely watched listings of 2025, as investors eye the Bengaluru-based fintech’s upcoming public issue amid a buoyant primary market. The company’s grey market premium (GMP) of Rs 10.5 suggests potential listing gains of around 10.5% over the upper end of its Rs 95–100 price…

NEW DELHI: The ministry of external affairs on Thursday announced that some of the Indian companies have received licenses for importing rare earth magnets from China. During a weekly press briefing, MEA spokesperson Randhir Jaiswal said, “Some Indian companies have received licenses for importing rare earth magnets from China. We have to look at how…

8th Pay Commission Salary Calculation 8th Pay Commission salary hike calculation: Central government employees and pensioners can soon look forward to getting higher salaries and pensions respectively, with the Terms of Reference for the 8th Central Pay Commission being approved by the Cabinet this week.The 8th Central Pay Commission has been tasked with submitting a…

Adani Power Ltd reported a 12% year-on-year decline in consolidated net profit to Rs 2,906 crore for the September quarter, weighed down by higher expenses. The company had posted a profit of Rs 3,297.52 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing on Thursday.Total income rose slightly…

The shine faded from gold on Thursday after the US Federal Reserve cooled expectations of additional rate cuts in 2025. After recently breaching Rs 1.21 lakh, prices have softened over the past few sessions. On Thursday, MCX December gold futures slipped Rs 1,671 to open at Rs 1,18,995 per 10 grams. With the Fed’s guarded…

HMEL, a joint venture between Lakshmi Mittal and Hindustan Petroleum Corporation Ltd (HPCL), announced on Wednesday that it has suspended imports of Russian crude oil following new Western restrictions on Moscow’s energy trade. In a statement, the Bathinda-based refinery said the suspension would remain in place “pending receipt of any outstanding orders” and cited “new…