IBT Business Desk

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TDS, TCS to annual filings: Major tax deadlines lined up in May

TDS, TCS to annual filings: Major tax deadlines lined up in May

Key dates include May 7 for depositing TDS/TCS for April and filing declarations under the Income-tax Act, May 15 for issuing TDS certificates and submitting Form 24G, and May 30–31 for multiple filings such as TCS certificates, annual statements, and quarterly TDS returns. 27 days ago
Govt notifies 100 pc FDI in insurance under automatic route

Govt notifies 100 pc FDI in insurance under automatic route

The Union government has allowed 100% FDI in the insurance sector under the automatic route, in line with reforms to the Insurance Act, 1938, subject to compliance and approval from the Insurance Regulatory and Development Authority of India. 27 days ago
India to grow over 7 pc despite West Asia conflict: CEA Nageswaran

India to grow over 7 pc despite West Asia conflict: CEA Nageswaran

He noted that while the conflict poses risks—especially through rising crude oil prices—the government is actively managing supply dynamics. India's dependence on imported oil is not seen as a standalone vulnerability due to alternative energy challenges. 27 days ago
Weak global cues, oil price, FII data likely to drive D-Street next week

Weak global cues, oil price, FII data likely to drive D-Street next week

Indian markets are expected to stay cautious next week due to weak global signals, rising crude oil prices, and continued foreign fund outflows. Benchmark indices Nifty 50 and BSE Sensex ended lower in the last session, dragged by oil-sensitive stocks as crude prices remained above $100 per barrel. 27 days ago
Bajaj Finance hikes FD rates for select senior citizen schemes

Bajaj Finance hikes FD rates for select senior citizen schemes

Bajaj Finance has raised interest rates on its fixed deposit (FD) schemes, offering up to 7.75 percent returns for senior citizens. The move comes amid rising demand for fixed-income instruments. The company has increased FD rates by up to 45 basis points on select tenures, particularly in the 31 to 60 month category 27 days ago
Gold and silver prices hit record high this week amid global uncertainty

Gold dips 0.81 pc this week over waning hopes of Fed rate cuts

Gold prices declined 0.81% this week as fading hopes of US Federal Reserve rate cuts and stalled US–Iran negotiations weighed on sentiment. Higher US inflation and rising energy costs signalled that interest rates may remain elevated, putting pressure on non-yielding assets like gold. 28 days ago
GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

GST collections hit all-time high of nearly Rs 2.43 lakh crore in April

India's GST collections hit a record high of Rs 2.43 lakh crore in April, marking an 8.7% year-on-year growth despite global uncertainties. Net revenue stood at Rs 2.10 lakh crore after a rise in refunds. The surge was driven largely by strong import revenues, while domestic growth remained moderate. 28 days ago
Crude oil prices jump up to 4 pc on Hormuz tensions, ceasefire doubts

Global crude prices rise 0.73 pc as US-Iran talks stall

Oil prices have surged in recent months, with Brent previously crossing $120 and even hitting $126.41, its highest since 2022, intensifying global inflation fears. Central banks in the UK and Europe, along with the US Federal Reserve led by Jerome Powell, have flagged rising oil prices as a key risk to economic stability. 29 days ago
Adani Ports' net profit rises 16 pc in FY26, revenue surges 25 pc

Adani Ports' net profit rises 16 pc in FY26, revenue surges 25 pc

Adani Ports and Special Economic Zone Limited reported a strong FY26 performance, with net profit rising 16% YoY to ₹12,782 crore and revenue surging 25% to ₹38,736 crore, driven by record cargo volumes and growth across logistics and marine segments. Apr 30, 2026