Business

The Income Tax Department has flagged cases involving non-disclosure of overseas assets and foreign income. (AI image) Income Tax Notice alert! The Income Tax Department is cracking down on alleged misreporting of income by senior executives across multinational companies and startups. Several such executives earning over Rs 50 lakh have received tax notices from the…

Gold rose and hovered once again around 5,000 driven by renewed geopolitical tensions and a rebound after a sharp fall at the start of this week. Also a dip buying ahead of the Federal Reserve meeting minutes was seen, while mixed economic data kept the fed officials bias also divided. Prices are steady in the…

Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%….

ICAI president Prasanna Kumar D New Delhi: The Institute of Chartered Accountants of India (ICAI) has set up a special group within its Financial Reporting Review Board to fast-track high-profile cases, the regulatory agency’s president Prasanna Kumar D said. “… more than 10 to 15 cases are there which have public interest. These cases will…

BofA maintained its buy recommendation on Infosys with the target price at Rs 1,840. Analysts said there were several positives on positioning and net opportunity could be bigger but the path is still evolving. They also said that enterprise AI isn’t plug and play. Currently revenue from AI-first offerings stands at 5.5%, which is not…

Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…

New Delhi: The Employees Provident Fund Organisation (EPFO) is likely to constitute a high-powered committee to study its investment objectives, policy and guidelines as it eyes higher returns on its nearly Rs 31 lakh crore corpus based on contribution from over 30 crore members. The issue was discussed at last week’s investment committee meeting, which…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex closed in green on Wednesday, advancing for a third consecutive session, supported by late-session buying interest in banking, metal and FMCG stocks.The 30-share BSE Sensex rose 283.29 points, or 0.34 per cent, ending a volatile trading day at 83,734.25 after touching an intraday…