Business

ITR Filing Deadline: Taxpayers demand extension as technical glitches on portal continue

The Institute of Chartered Accountants of India (ICAI), the top organisation for CAs, has stated that it will not appeal to the Finance Ministry for a deadline extension despite pleas for one.

Jul 27, 2022

IMF slashes India's 2022 growth forecast further down, from 8.2% to 7.4%

IMF slashes India's 2022 growth forecast to 7.4% from 8.2% forecast earlier in April citing inflation, Covid pandemic and of course, the Ukraine War.

Jul 27, 2022

Consumer IT spending down, to slide further as recession fears grip Asia-Pacific

The consumer IT spending in the Asia-Pacific region, already taking the brunt in the ongoing tight market conditions, is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report.

Jul 25, 2022

Reliance Industries posts Rs 27,236 Cr profit before tax in Q1 FY23; Revenues at Rs 2.42 lakh crore

Reliance Industries Ltd (RIL) posted record consolidated revenues at Rs 2.42 lakh crore ($30.8 billion) in Q1 FY23, up 53 per cent year on year.

Jul 23, 2022

Volkswagen ropes in Porsche CEO to lead as Herbert Diess steps down

Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume.

Jul 23, 2022

Amazon Prime Day on July 23 & 24: Offers open in cosmetics, luxury items

Amazon India is back with its much-awaited annual shopping event - Prime Day. The two-day event, to begin at 12 a.m. on July 23, presents exciting offers on the largest selection of fashion and beauty brands on Amazon Fashion.

Jul 22, 2022

Rupee to slip on expensive crude oil, FII funds' outflow

Here's how the weakening Rupee will affect Indian consumers

A lower rupee will increase the cost of importing products because payments for those goods must be paid in dollars.

Jul 16, 2022

Bank unions to start Twitter campaign against privatization of government banks

A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

Jul 16, 2022

US weekly jobless claims rise to eight-month high amid economic slowdown

US weekly jobless claims rise to 244,000, eight-month high

Initial jobless claims in the United States last week rose to 244,000, the highest level in eight months and the latest sign that the labour market might be cooling.

Jul 15, 2022

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.

Jul 14, 2022

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