IBT Business Desk

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Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore

Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore

Gross direct tax collections increased by 3.39 per cent to Rs 12.43 lakh crore, while refunds dipped by 23.87 per cent to Rs 1.60 lakh crore. Corporate refunds — the majority of total refunds — grew by 13.13 per cent to Rs 1.23 lakh crore, while refunds issued to non-corporate taxpayers decreased by 63.39 per cent to Rs 37,306.72 crore. Sep 19, 2025
Stock market snaps three-day rally; IT stocks fall, Adani Group's shares rise

Stock market snaps three-day rally; IT stocks fall, Adani Group's shares rise

Sensex ended the session at 82,626.23, down 387.73 points or 0.47 per cent. The index started the trade a bit lower at 82,946.04 against last session's closing of 83,013.96. The index extended the downward trend further amid selling in IT and banking heavyweights. It touched an intraday low at 82,485.92. Sep 19, 2025
Data of nearly 3 million Lotte Card customers leaked

Data of nearly 3 million Lotte Card customers leaked

The leaked data also included card verification codes, card numbers and card validity period of some 280,000 customers, critical information that may expose their owners to credit card fraud, according to the company, reports Yonhap news agency. Sep 18, 2025
Trump declares 'Antifa' a 'major terrorist organisation' days after Charlie Kirk assassination

US Federal Reserve cuts interest rate by 0.25 pc, balancing curbing inflation

Announcing the cut that brings the benchmark interest rate to the 4 per cent to 4.25 per cent range on Wednesday (local time), the Fed indicated that two more cuts could be on the way this year. Although Chairman Jerome Powell had steadfastly held the rate since the last rate cut in December because he feared a resurgence of inflation, the slowing job growth wore him down. Sep 18, 2025
Markets rebound after 4-day losing streak, Sensex gains 317 points

Sensex, Nifty make strong gains amid positive cues after US Fed rate cut

The Federal Reserve resumed interest rates cut cycle by reducing rates by 25 basis points to a target range of 4.0-4.25 per cent, citing shifting risk dynamics in the economy. Fed officials projected two additional rate cuts this year, forecasting rates to reach 3.50-3.75 per cent by the end of 2025. Sep 18, 2025
Centre to help ITIs become AI-driven training centres: FM Sitharaman

Centre to help ITIs become AI-driven training centres: FM Sitharaman

Addressing the Indian Foundation for Quality Management's (IFQM) second annual symposium in the national capital, Sitharaman said that the government has been focussed on skilling and upskilling for the last two to three years and has made provisions for it in the annual budgets. Sep 18, 2025
After GST rate cut, govt waives mandatory re-labelling of medicines

After GST rate cut, govt waives mandatory re-labelling of medicines

"All manufacturers/ marketing companies selling drugs/ formulations shall revise the Maximum Retail Price (MRP) of drugs/formulations (including medical devices). The manufacturers/ marketing companies shall issue a revised price list or supplementary price list to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP," the NPPA said. Sep 16, 2025
ITR filing deadline extended by a day to Sep 16

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. Sep 16, 2025
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