Business news

ITR filing deadline extended by a day to Sep 16

Taking to X late on Monday night, Income Tax India, which is the official account of the Income Tax Department, wrote: "KIND ATTENTION TAXPAYERS! The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025.

1 day ago

Indian equities deliver 14 pc CAGR in 20 years, investors' wealth multiplies 13 times

In comparison, real estate and the debt market generated more modest returns, compounding annually at 7.7 per cent and 7.5 per cent, respectively, over the last two decades, FundsIndia highlighted in its 'September Wealth Conversation Report'.

2 days ago

Indian rupee struggles at record low; bond traders anticipate Fed rate cut

Indian rupee and bonds traders will wait for the Federal Reserve's widely expected interest rate cut this week, a move that may not relieve pressure on the currency that has plumbed to lifetime lows for two straight weeks.

2 days ago

GST reforms have reduced the tax burden on people: Nirmala Sitharaman

GST reforms in food processing and logistics sectors to empower consumers, industry

Food items like ultra-high temperature (UHT) milk, paneer/chena, breads like paratha/parotta, khakhra, chapati/roti and pizza bread have been exempted from GST. The indirect taxes on packaged food/snacks, chocolates, sauces, juices, coffee, etc. have been reduced to 5 per cent, boosting demand and industry growth.

2 days ago

Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Nifty, Sensex open flat as investors wait for fresh cues, US Fed meet outcome

As of 9.30 am, the Sensex was up 4.5 points or 0.005 per cent at 81,909, and the Nifty was up 4.15 points or 0.017 per cent at 25,118. The broadcap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.26 per cent, and the Nifty Small cap 100 moved up 0.53 per cent.

2 days ago

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Prices of 22-carat gold have climbed from Rs 97,406 to Rs 1,00,492 per 10 grams, while 18-carat gold has risen from Rs 79,754 to Rs 82,280 per 10 grams. Silver prices also gained significantly, rising by Rs 4,838 during the review period. The white metal now trades at Rs 1,28,008 per kg, up from Rs 1,23,170.

3 days ago

From morning tea to dinner, GST benefits in everything: FM Sitharaman

"Some may have criticised me, saying I only know how to put people in trouble, but we're working for the nation. State ministers have been part of the GST Council since its inception, and this decision was made collectively," FM Sitharaman added.

3 days ago

GST reforms have reduced the tax burden on people: Nirmala Sitharaman

"Earlier, GST had four categories. Now, we have simplified it into two slabs - 5 per cent and 18 per cent. Items that were taxed at 12 per cent and 18 per cent have largely been moved to the lower 5 per cent bracket. For certain essentials, tax has been reduced to zero. This reform will significantly benefit all 1.4 billion Indians," FM Sitharaman said.

3 days ago

GST revamp to enhance mobility, promote healthier lifestyles for youth

By lowering GST rates on gyms/fitness centres, two-wheelers, and small cars, the Government has not only reduced the financial burden on households but also advanced its long-term vision of promoting healthier lifestyles, affordable transportation, and improved ease of living.

3 days ago

Key takeaways from SEBI's move to ease IPO, mutual fund, FPI regulations

The key takeaways from the SEBI's move are that large companies above Rs 50,000 crore market cap will now have more flexible listing norms, permitting them to have smaller float sizes- Rs 1,000 crore plus at least 8 per cent of the post-issue market capitalisation.

3 days ago

Gold and silver prices hit record high this week amid global uncertainty

Gold, Silver Prices Soar to Record Highs on Global Uncertainty

Silver mirrored gold's bullish momentum. The metal ended the week at Rs 1,28,008 per kilogram, higher by Rs 3,595 from Monday's Rs 1,24,413. Silver has also maintained its stronghold above the Rs 1.20 lakh level so far this month, underscoring robust investor appetite.

3 days ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Markets Cheer GST Reform Hopes; Nifty Gains 1.32% This Week

Benchmark indices Nifty and Sensex ended the week with a gain of around 1.32 per cent and 1.21 per cent, respectively, with the rally driven by auto and IT stocks. Midcap and smallcap stocks outperformed the benchmark indices.

4 days ago

SEBI eases IPO shareholding rules, brings relief for large companies

Experts said the step will also reduce the need for companies to seek case-by-case exemptions from SEBI. In another decision, SEBI allowed real estate investment trusts (REITs) and Infrastructure Investment Trusts (InVITs) to be classified as equity instruments.

5 days ago

India's forex reserves surge by $ 3.51 billion to $694.23 billion

India's forex rises by $4.03 billion to $698.26 billion, gold reserves jump

This comes after reserves had already risen by $3.51 billion in the previous week, taking the total to $694.2 billion as of August 29. The RBI data showed that foreign currency assets (FCAs), the largest part of the reserves, went up by $540 million to $584.47 billion.

5 days ago

AHPI calls out Star Health against unfair practices, warns suspension of cashless services

"Unless Star Health Insurance takes definitive steps to address the concerns expressed by member hospitals in a timely manner, AHPI and its member hospitals may be constrained to take appropriate action, including withdrawal of cashless services for the policyholders of Star Health Insurance, effective from September 22, 2025," warned the association, representing over 15,000 hospitals and healthcare institutions across the country.

5 days ago