ITR filing FY 2024-25: What is the deadline for Income Tax Returns & will it be extended? Know penalty for late filing

The deadline was extended for non-audit taxpayers, including most individuals, Hindu Undivided Family (HUFs), and other entities not subject to audit. ITR filing FY 2024-25: The deadline to file Income Tax Returns (ITR) for AY 2025-26 is September 15, 2025. Every year the ITR filing deadline is July 31, 2025, but this year the Income…

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Indian AI startups face US visa hurdles: Entrepreneurs flag delays; Trump administration’s rules complicate access

Several Indian AI startups relocating to the US to be closer to the global hub are running into immigration hurdles, with tighter visa regulations under the Trump administration complicating access and lengthening processes. LatentForce cofounder Aravind Jayendran said his US presence is critical within the next three months for client meetings but visa delays are…

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Pushing back against Trump pressure: India’s state-owned refiners look to fully revive Russia crude oil buys; lack of cargoes an issue

The US tariffs on India aim to increase pressure on Moscow regarding the Ukraine conflict. (AI image) Even as the Donald Trump administration wants India to stop purchasing Russian crude, Indian state-owned refiners are looking to fully revive their purchases of Russia oil. During the four weeks to August 31, India’s seaborne crude imports from…

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Critical mineral deal: US firm signs $500 mn deal with Pakistan; eyes gold, antimony, rare earth and more

The United States has strengthened its ties with Pakistan as Missouri-based US Strategic Metals signed a $500 million investment deal to boost foreign investment in the country’s mineral sector.Pakistan’s Frontier Works Organization, the largest miner of critical minerals, formalised the agreement on Monday through a memorandum of understanding with the American firm, paving the way…

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Markets slide in August: US tariffs, Russia-Ukraine war hit equity; GST reforms offer cushion

Indian equity markets fell sharply after the US President raised tariffs on Indian exports to 50 per cent in August, creating headwinds for the country’s manufacturing sector and potential economic growth. Further declines were seen due to the escalating Russia-Ukraine conflict. The fall was partially offset by expected benefits from the Prime Minister’s GST reforms,…

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India’s low-cost healthcare drives NRI medical tourism; insurance makes care affordable: Report

NEW DELHI: India’s comparatively low healthcare costs and expanding insurance coverage are driving a surge in medical tourism among non-resident Indians (NRIs), according to a new report based on Policybazaar’s NRI claims data from the past three years, cited by Economic Times.Cost advantages Medical procedures in India remain far cheaper than in many global markets….

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IndiGo operations: Airline announces flights connecting Kolkata and Bihar’s Purnea; marks 94th domestic destination

IndiGo on Tuesday announced the launch of direct flights connecting Kolkata and Purnea in Bihar, with operations beginning on September 15. The airline will operate thrice-weekly flights on the route, making Purnea its 94th domestic and 137th overall destination. The flights, to be operated with ATR aircraft, will mark the inauguration of the Purnea airport….

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Big blow for Indian IT soon? Trump administration’s HIRE Act sends jitters; likely 25% tax on jobs sent overseas sparks concern

Industry experts caution that the passage of this Bill could lead to further spending reductions by US clients. The Donald Trump administration’s potential move to impose a tax on jobs outsourced outside the US have sent jitters in the Indian IT sector. The potential introduction of legislation by a Republican senator to impose taxes on…

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