NEW DELHI: To drive self-sufficiency, the commerce department is identifying 100-odd products for a local manufacturing push where domestic players depend on imports currently, a top official said Monday.The swadeshi initiative is expected to see products from across sectors – engineering goods, chemicals, plastics and pharma – being identified for possible import substitution. “We have…
ITR filing FY 2024-25 due date extended ITR filing FY 2024-25 due date extension: In a big relief for taxpayers, the Income Tax Department has extended the due date or deadline for filing Income Tax Returns (ITR) for AY 2025-26 by a day. The original deadline of July 31, 2025 had previously been extended to…
The Reserve Bank of India (RBI) on Monday rolled out final guidelines to regulate payment aggregators, bringing in a new framework that takes effect immediately.Under the Regulation of Payment Aggregators Directions, 2025, the RBI has classified aggregators into three categories — PA-P for physical, PA-CB for cross-border, and PA-O for online, PTI reported. While banks…
India’s stock market remains a strong engine of wealth creation among asset classes, according to the September Wealth Conversation Report released by FundsIndia on Monday.The report compares two decades of performance across equities, gold, debt and real estate, showing equities providing good results for long-term investors. Indian markets multiply investor wealth 13 times in 20…
The second quarterly installment of advance tax for FY 2025-26 (AY 2026-27) is due on September 15, and taxpayers with liabilities above Rs 10,000 have been advised to pay taxes to avoid penal charges. A monthly interest of 1% is levied on delays or shortfalls under Sections 234B and 234C of the Income-tax Act.What is…
Google parent company Alphabet’s market value crossed $3 trillion for the first time on Monday as strong gains in its shares reflected renewed optimism over artificial intelligence and a favourable antitrust ruling, Reuters reported.Class A shares surged 4.6% to $251.88 while Class C climbed 4.5% to $252.30, both scaling record highs. Alphabet now joins Apple…
US stocks climbed on Monday, with the S&P 500 inching closer to fresh all-time highs, as Tesla shares surged and investors positioned for the Federal Reserve’s key policy meeting later this week. Tesla gained 7.2% after CEO Elon Musk bought about $1 billion worth of shares through a trust, signalling confidence in the electric vehicle…
India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…
Tesla Chief Executive Officer Elon Musk purchased about more than 2.5 million shares worth $1 billion, according to a regulatory filing, reported news agency AP.The billionaire bought the stock indirectly through a trust on September 12, the filing showed. Tesla shares jumped as much as 7.3% before the start of regular trading, putting the stock…
Faster adoption of Artificial Intelligence (AI) across industries has the potential to add $500-600 billion to India’s GDP by 2035, according to a Niti Aayog report.The report, titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’, projects that AI could significantly raise productivity and efficiency, making it a decisive lever for India’s growth…
