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Air India's provisional Q1FY27 loss likely to cross Rs 1,200 crore
Singapore Airlines reported a net loss of 311.78 crore from its Air India stake. Air India's provisional loss for the fiscal first quarter exceeded 1,200 crore. High fuel costs and airspace closures pressured the carrier's operations. Despite losses, SIA and Tata Sons remain committed to Air India's transformation. A full turnaround for Air India is projected to take up to a decade.
Draft final probe report of AAIB in Ahmedabad plane crash will be filed in October, SC told
The Supreme Court will receive the draft final report on the Air India flight AI-171 crash in October. The Aircraft Accident Investigation Bureau is preparing this report in a sealed cover. Simulation tests have been conducted as requested by petitioners in the ongoing investigation. The Federation of Indian Pilots can submit their inputs for consideration by the bureau. The court has scheduled further hearings for these petitions on October thirteenth.
Canara Bank to frontload ECL provisioning, plans 8,000 cr capital raise
Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to 12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an 8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.
Tata Consumer preps F&B push for post-weight-loss needs
Tata Consumer Products is developing new foods and beverages. These products will help manage side effects from weight loss medications. The company plans to introduce these items within the next sixty days. This initiative addresses reduced protein and fiber intake from such drugs. Demand outlook remains positive despite global economic challenges.
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resources
State Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to boost reserves. The banks aim to leverage the Reserve Bank of India's special dollar attraction facility. This move allows them to attract overseas client deposits without hedging costs. Both institutions are actively participating in the international dollar funding market.
FCNR(B) deposit drive could pressure banks' profitability
Banks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks' success.
NTPC is setting ambitious goals with a proposed investment of 16.68 lakh crore over the next eleven years. By 2037, the company aims to nearly triple its energy generation capacity, focusing on renewable sources to achieve 136 GW. Additionally, plans include establishing 30 GW of nuclear power by 2047, alongside the development of a significant green hydrogen hub near Visakhapatnam.
Will continue to invest in India: Unilever CEO Fernando Fernandez
The dove soap maker expects its India arm, Hindustan Unilever, to deliver a high-single digit growth in the coming quarters, with profit growth slightly outpacing revenue growth, according to chief financial officer Srinivas Phatak. HUL has outperformed its global counterparts in terms of significant metrics in the first quarter of FY27, such as volume and value growth which stood at 5% and 10%, respectively.
Auto cybersecurity rules in works; framework to be ready in six months
India is developing a stringent cybersecurity compliance framework for all new vehicles. This initiative follows recent e-rickshaw battery hacking incidents through mobile applications. The proposed framework, expected within six months, will emphasise hacking-proof compliance for new vehicles.
BDR Pharmaceuticals eyes controlling stake in Acme Formulation
PAG acquired a controlling stake in Acme Formulation for $145 million (?1,054 crore) through its PAG Asia III buyout fund in 2021. Founder and managing director Viral Shah retained a significant minority stake after the transaction and continued as managing director and CEO. PAG owns about 62% of the company, while Shah holds around 31%, with the balance is owned by other investors.
Telecom Minister Jyotiraditya Scindia reviews progress of Bharat 6G Alliance
Communications Minister Jyotiraditya Scindia reviewed the Bharat 6G Alliance's progress. The alliance works through seven specialized groups for technology advancement. Member organizations hold over 7,700 patent filings for 5G and 6G technologies. This reflects the growing strength of India's research and innovation. India aims to be a front-line contributor in 6G by 2030.
India attractive long-term opportunity for Coca-Cola: CEO Henrique Braun
Coca-Cola sees significant opportunities in India's beverage market. The company is investing in both affordable and premium product segments. Revenue growth management capabilities are being enhanced to meet consumer needs. India remains a long-term growth market for the global beverage giant. Coca-Cola continues to build its brand equity and consumer engagement here.
Can you change the income tax regime while filing ITR? Here's what taxpayers should know
Salaried taxpayers can switch between the old and new tax regimes while filing their ITR, regardless of the regime used by their employer for TDS. However, rules differ for those with business income. Understanding the flexibility and tax impact can help taxpayers make an informed choice.
Air India Express waives cargo costs for NGOs sending Assam flood aid
Air India Express announced waiving cargo charges for flood relief materials. This waiver applies to flights traveling to Guwahati from Delhi and other cities. The airline operates multiple daily flights connecting these key locations. Registered NGOs and relief organizations can contact the airline for assistance. This initiative aims to support those affected by the devastating floods.
CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake
The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group entity will hold a majority stake in Go Digit General Insurance. Separately, the CCI also approved Brookfield Asset Management's acquisition of Oaktree Capital Group units.
Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26
Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 crore during the same financial year. HDFC and Axis Banks led private sector collections for these account charges. No penalties are applied to basic savings accounts, including Jan Dhan accounts. The government introduced a credit guarantee scheme to support businesses facing liquidity issues.
Two proxy advisers split on Zee promoter warrant issue ahead of EGM
Two proxy advisory firms have issued contrasting recommendations for Zee Entertainment's upcoming shareholder meeting. InGovern advises rejecting a preferential warrant issue, citing governance concerns and dilution. Stakeholders Empowerment Services recommends approving all resolutions, stating regulatory compliance.
Multi-asset allocation funds topped the hybrid category, recording 70,819 crore in net inflows in 12 months. These funds help diversify across equities, debt, gold, and other assets. Investors should evaluate allocation strategy, diversification, and capture ratios before investing.
Govt extends NTPC chief Gurdeep Singh's tenure by six months
Gurdeep Singh's term as NTPC chairman and managing director has been extended. The government approved a six-month extension for the top power company leader. This extension begins on August 1 and lasts for six months. It allows Singh to continue leading NTPC while a successor is selected. The selection process is currently underway for his replacement.
Delhi Lakshmi Yojana: 2,500 monthly assistance announced; Check eligibility, rules and documents
The Delhi government has launched the 'Delhi Lakshmi Yojana', providing eligible women with monthly financial assistance of 2,500, of which 1,500 will go into a locked savings account. The initiative aims to empower women financially and support family stability.
India mobile subscriber base up marginally to 1282.38 million in June: TRAI data
India's mobile subscriber base saw a slight increase in June, reaching 1282.38 million users. Bharti Airtel and Reliance Jio led net additions for core mobile subscribers. Machine-to-machine connections also grew significantly, with Bharti Airtel leading additions. Home broadband subscribers increased by 0.7 million month-on-month. Overall subscriber additions have slowed in recent months.
NPCIL invites bids for engineering, 3D design of Bharat Small Reactors
The Nuclear Power Corporation of India Ltd is on the lookout for expert consultants to assist with both plant engineering and 3D modelling for its new 220 MW Bharat Small Reactors, specifically tailored for industrial energy demands. This upgrade of indigenous reactors aims to decrease land usage for their deployment.
Andhra govt partners with AstraZeneca to transform cancer care
Andhra Pradesh signed an MoU with AstraZeneca for an integrated precision oncology ecosystem. This initiative will integrate artificial intelligence and advanced genomics for cancer care. The collaboration aims to transform patient journeys from screening to follow-up. AstraZeneca will deploy AI-powered solutions for early lung cancer detection. An Integrated Genomic Solutions Centre will expand access to advanced cancer diagnostics.
Switched jobs and lost track of your old PF account? Govt explains how EPFO's e-portal can help
The government has revealed that the EPFO has developed an Aadhaar-based e-portal to help members trace old inoperative PF accounts, transfer balances to their active UAN or settle claims. The portal aims to reduce paperwork, improve transparency and simplify access to forgotten PF savings.
Knowledge Realty Trust records 15% growth in Q1 revenue, net operating income
Knowledge Realty Trust experienced a significant boost, as revenue and net operating income climbed by fifteen percent. The portfolio occupancy rate improved to ninety-three percent due to active leasing efforts, and tenants exhibited commendable retention by expanding their spaces. Notably, the REIT secured average leasing spreads of thirty-five percent on new leases, emphasizing a robust appetite for high-quality office environments in India.
India's urea imports jumped eighty-three percent last fiscal year to meet rising domestic demand. Di-ammonium phosphate imports also rose significantly during the same period. Urea production experienced a slight decrease in the most recent fiscal year. However, di-ammonium phosphate output saw an increase last fiscal. Total fertilizer production reached over five hundred lakh tonnes in 2025-26.
Four new Namo Bharat RRTS corridors in Delhi-NCR: NCRTC has submitted detailed project reports for four new Namo Bharat corridors covering Delhi-Karnal, Delhi-Bawal, Bawal-Behror and Ghaziabad-Noida International Airport routes. The Centre is currently reviewing the proposals, with funding decisions subject to technical and financial appraisal. Parliament was informed of this on Monday.
Delhi HC orders Paytm Payments Bank to be wound up: What happens to your Paytm wallet, UPI now?
The Delhi High Court ordered the winding up of Paytm Payments Bank Ltd due to non-compliance with regulations.
Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements
Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments. The company remains focused on growth opportunities and strengthening its competitive position.
New vs old regime: Income tax slab rates for FY26 know how slab-wise tax calculation works
Taxpayers should compare the new and old tax regimes before filing their ITR for FY26. Since India follows a slab-based tax system, only the portion of income falling within each tax slab is taxed at the applicable rate. Understanding this helps taxpayers estimate tax liability more accurately.
IPO pipeline robust with 245 DRHPs filed with Sebi, 175 receive observations: Equirus
India's IPO pipeline remains robust with 245 companies filing draft papers with Sebi, including 175 already cleared for launch. Strong domestic liquidity, resilient investor participation and improving market sentiment are driving equity fundraising despite global uncertainties and foreign fund outflows.
Delhi HC orders winding up of Paytm Payments Bank, appoints former SBI official as liquidator
The Delhi High Court has issued a ruling for the liquidation of Paytm Payments Bank Ltd, following the Reserve Bank of India's decision to annul its banking license due to major concerns regarding management practices and regulatory compliance. An official liquidator will oversee the bank's dissolution, but it is important to note that this action does not impact other Paytm services.
Solar power curtailment of 8133 GWh in April-June this year: Govt
India experienced significant solar power curtailment due to grid limitations. The PM Surya Ghar scheme has seen widespread applications and installations. Over 4.8 million households have benefited from rooftop solar installations. Central Financial Assistance totaling over Rs 27,000 crore has been disbursed. Many beneficiaries are now enjoying substantially reduced or zero electricity bills.
ONGC approves guarantee to MRPL to import crude oil from Saudi Aramco
ONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aramco for two years. The move addresses concerns over India's energy security and import costs. Renewed instability in West Asia impacts vital maritime trade routes. This ensures continued crude oil supply from a key overseas supplier.
Warehousing investments jump 53% in H1; leasing rises 16%: Vestian
Institutional investments in Indian warehousing rose 53 percent to USD 49 million. Leasing of industrial space increased 16 percent across seven major cities. Demand was primarily driven by logistics and consumer goods sectors. This growth reflects sustained manufacturing expansion and robust domestic consumption. Vestian expects further increases in leasing and investments later this year.
Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation
Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's earlier cancellation of its banking license. Reasons cited include failure to meet compliance regulations and negative impacts on depositors. Now, with Girikumar M Nair named as the official liquidator, he will step in to lead the bank's liquidation process.
Senior citizen FD rates 2026: Use an FD calculator to maximise your retirement returns
Senior citizens can earn up to 7.75% p.a. on Bajaj Finance fixed deposits. An online calculator helps estimate maturity amounts for retirement planning. These deposits offer additional benefits for investors aged sixty and above. The highest safety ratings ensure timely payment of interest and principal. Booking a senior citizen fixed deposit online takes under ten minutes.
Need regular income from mutual funds? Check these top-performing hybrid funds over 3 years
Five conservative hybrid mutual funds delivered attractive Systematic Withdrawal Plan (SWP) returns over a three-year period, according to an ET Wealth report. Parag Parikh Conservative Hybrid Fund led the category among listed schemes with a 10.9% return, followed by HSBC, ICICI Prudential, DSP, and SBI schemes.
Coal India's Q1 capex rises by 16.64% to Rs 3,399 crore
Coal India's capital expenditure rose sixteen point six four percent to three thousand three hundred ninety-nine crore rupees. Land acquisition and resettlement activities accounted for nearly one-fourth of the total expenditure during the quarter. The company also invested significantly in strengthening its coal evacuation infrastructure and plant machinery. Diversification into clean energy saw investments in solar projects and joint ventures.
Hindustan Unilever signals more price hikes as commodity inflation bites, shares tumble 7%
Hindustan Unilever plans further price increases to combat persistent commodity inflation. The company reported a profit decline while revenue saw healthy growth. Elevated input costs continue to pressure margins across the FMCG sector. HUL passed on only half of the inflation in pricing during the June quarter. Investors reacted negatively to the earnings, sending shares down significantly.
ITR filing: Taxpayers have four days remaining to file their Income Tax Return by the July 31, 2026 deadline. It is important to match Form 16 with AIS and Form 26AS for accurate tax deductions. Gather all income and deduction documents, and choose the correct tax regime for potential savings.
Many major rules will change from August 1st, affecting everything from LPG to banking.
Rules Change From August 1, 2026: As always, many rules regarding LPG prices, bank holidays, ATMs, and credit cards will change starting August 1. Let's learn more about them here.Many rules will change from August 1Rules Change From 1 August 2026: Like the first of every month, many rul...
Alembic Pharma gets USFDA approval for generic chronic constipation treatment tablets
Alembic Pharmaceuticals announced USFDA approval for its generic prucalopride tablets. The company received final approval for strengths of one and two milligrams. These tablets are indicated for treating chronic idiopathic constipation in adults. The approved drug is therapeutically equivalent to Takeda's Motegrity tablets. This market segment has an estimated size of one hundred million dollars.
Form 16 makes return filing easier, but it is not the only document required. By reconciling salary records with Form 26AS, AIS, bank statements and investment proofs, salaried taxpayers can accurately file their returns even without Form 16.
MFs kept buying these 13 smallcap stocks for 4 straight quarters; shares surged up to 111%
Mutual funds steadily increased stakes in several smallcap stocks over four quarters, with many rewarding investors through strong one-year gains, including 13 stocks delivering returns between 50% and 111%.
Planning to start investing in stock market? Avoid these 5 costly beginner mistakes
First-time stock market investors can avoid costly mistakes by focusing on diversification, asset allocation, disciplined investing and long-term wealth creation. Check out the five most common investing mistakes experts warn against and practical steps to build a stronger investment portfolio.
Flipkart's Ekart opens pan-India logistics network to businesses
Ekart, Flipkart's supply chain arm, is opening its logistics network to outside businesses. This expansion utilizes a new franchise model and dedicated warehousing capabilities. Over 300 franchise outlets are now operational, with plans for 1,000 by 2026. Businesses can access over one million square feet of warehousing space for fulfillment. Ekart's technology stack, including AI, will also be available to these external clients.
Looking for best equity mutual funds to invest for 5 years? Check these 12 funds with over 20% gain
Top-performing equity mutual funds delivered over 20% five-year returns, led by infrastructure, midcap, and smallcap funds, with varying AUM, ratings, and expense ratios highlighting strong performance.
Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54F
Many taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house within the prescribed lock-in period can reverse the earlier tax benefit. This article explains how such a sale affects the computation of capital gains, highlights the different tax implications under the two provisions, and outlines the precautions taxpayers should take while filing their Income Tax Return (ITR) for Assessment Year (AY) 2026-27
Telecom subscriber base rises to 134.8 crore in June; Airtel leads growth: TRAI data
Bharti Airtel and Reliance Jio accounted for nearly 87% of the net subscriber additions
ITR filing deadline 2026: Missing July 31 can cost you more than you think
The late filing fee is only one consequence of missing the ITR deadline. Delayed filing can also result in the loss of capital loss set-off benefits, delayed refunds and additional interest, increasing your tax burden in future years.
Samsung to add India-specific AI features to next Galaxy phones as local R&D shapes product strategy
The initiative is part of Samsung's strategy to differentiate its AI offerings beyond features already available across smartphone brands by studying the consumer persona
LIC appoints Shatmanyu Shrivastava as new CFO, replacing Sunil Agrawal
Shatmanyu Shrivastava has been appointed as the new Chief Financial Officer of LIC. He replaces Sunil Agrawal, who resigned from the finance chief role last month. Shrivastava brings over three decades of extensive experience across LIC's operational levels. He previously oversaw the company's first post-IPO financial closing as Chief (Finance & Accounts). Agrawal had joined LIC on a contractual basis in March 2022.
VBL's overseas business outpaces India growth
Parag Parikh Flexi Cap among 5 flexicap funds with highest cash holding in June. Details here
Fund managers typically maintain cash to meet redemption requests and deploy capital when attractive investment opportunities arise.
Husband refused to take injured wife back
L&T Realty gets two new executive directors
IndiGo bets on India's aviation boom despite West Asia turbulence, oil price risks
IndiGo expects strong air travel growth despite geopolitical tensions and volatile fuel prices. Rising incomes and urbanisation will power the airline's next phase of expansion. The company anticipates a growing middle class will remain the primary demand driver. IndiGo is expanding its international network and fleet for future growth. The airline maintains cost discipline and operational reliability for sustained success.
Air India's stumble creates a bigger problem than aviation duopoly
Tata's Air India faces significant losses and market share decline. The airline's turnaround is a decade-long endeavor due to legacy issues. Global supply chain disruptions further complicate fleet modernization plans. These challenges weaken Air India's ability to compete with IndiGo. This situation raises concerns about future market competition and passenger benefits.
Global Market: Barclays posts robust H1 results, raises guidance on investment banking momentum
Barclays has reported an impressive seventeen percent increase in profits for the first half of the year, exceeding analyst predictions and enhancing the bank's optimism. In addition, they announced a significant one billion pound share buyback scheme and updated their full-year income forecast to thirty-one point five billion pounds. The bank remains committed to achieving its strategic goals set for twenty twenty-six.
US stocks invested via LRS cant be given to NRI
Odisha tightens iron ore grade checks after alleged royalty underreporting: Report
Odisha, India's largest iron ore-producing state, has stepped up quality-control inspections after authorities found instances of miners allegedly misrepresenting ore grades to reduce royalty payments, a move that could temporarily disrupt domestic supplies and exports to China, Bloomberg News reported.
This bank revises NRE rates to 7.60%, FCNR to 7.40%
Best mid-cap mutual funds: 12 funds delivered over 18% 10-year SIP returns
Mid-cap funds have rewarded long-term SIP investors, with 12 schemes generating annualised returns of more than 18% over the past decade. A comparison of three-, five- and 10-year returns also shows that recent winners are not always the best long-term wealth creators.
No time bound raise for these central govt employees
These pensioners also covered under EPS 2026
Standard Chartered sees exit of several top wealth executives in India
Standard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-market retail banking. Wealth head Saurabh Jain is joining Bandhan AMC, following earlier departures of two other senior executives, even as the bank doubles down on affluent and SME-focused growth.
Delhi weather: Airlines warn of flight delays as IMD issues 'red' warning for national capital, NCR
Heavy rains are lashing Delhi-NCR, prompting a red Nowcast warning from the Met department. Moderate to heavy showers have caused significant waterlogging in several key city areas. Airlines have issued travel advisories, warning passengers of potential flight delays at Indira Gandhi International Airport. IndiGo and Akasa Air are informing customers about possible disruptions to their flight schedules.
Sakar Healthcare posts Rs 10-crore profit in Q1
Sakar Healthcare announced a substantial net profit increase for the first quarter of 2026-27. The company's revenue from operations also saw a significant rise during the same period. Its oncology business remains a key strategic focus for the pharmaceutical manufacturer. Sakar Healthcare executed numerous oncology product contracts and has many discussions ongoing.
EPF interest at 8.25% credited yet? Check your PF balance in these 3 easy ways
OYO parent PRISM expands UK premium portfolio with 40 hotels ahead of IPO
PRISM, OYO's parent company, is expanding its premium hospitality business in the United Kingdom. Forty new hotels are being added under its Sunday Hotels and Belvilla brands. This expansion aims to strengthen PRISM's presence in key international markets. The company is repositioning legacy assets into higher-end hospitality offerings. PRISM is preparing for a public listing and diversifying revenue streams.
How to accurately report REIT/ InvIT income in ITR for AY 2026-27 ahead of 31 July deadline
Report REIT and InvIT income in your ITR for AY 202627. Know the tax treatment, choose the right form and keep essential documents ready to avoid mistakes before the 31 July deadline.
Bank of India Small Cap Fund among 21 equity MFs delivering over 20% SIP XIRR in one year
Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh.
Debt funds or direct bonds? Understanding the routes to fixed income investing
Sebi's reforms and online bond platforms have made direct bond investing more accessible than ever. But should investors choose individual bonds over debt mutual fundsor use both?
Swiggy Instamart ropes in ex-Myntra boss Nandita Sinha as q-comm battle heats up
Myntra's former CEO Nandita Sinha will lead Swiggy's Instamart quick commerce business from August 3. She replaces Amitesh Kumar Jha, who resigned on July 28 for other opportunities. Sinha previously led fashion e-commerce platform Myntra since 2022. This leadership change occurs as the quick commerce sector faces intense competition. Rivals are investing heavily to capture market share in online groceries.
SC says insolvency shield cannot protect real estate promoters from homebuyers' cases
The Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant relief for homebuyers facing delayed projects. Insolvency proceedings against a company do not halt action against its leaders. The court clarified the moratorium protects only the corporate debtor, not individuals. This ruling impacts real estate developers facing consumer claims.
Homemaker with Rs 98k dividend income: ITR form?
MF Tracker: Can Motilal Oswal Midcap Fund retain its edge after topping the 5-year return chart?
Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations.
Air India starts Easy Connect flights from Amritsar to 27 international destinations
Air India has launched Easy Connect services from Amritsar, allowing international passengers to complete through check-in and immigration at the city before connecting via Delhi. The flights offer seamless access to 27 overseas destinations, including the US, Canada, UK and Australia, under the government's hub-and-spoke aviation strategy.
Asia's thermal coal imports continue to rebound, except for India
Asia's thermal coal imports are expected to rise for a third straight month in July, driven by stronger demand from China, Japan and South Korea during peak summer, Reuters reported. India is the exception, with imports projected to hit an 11-month low as higher coal prices discourage purchases despite record electricity demand and lower stockpiles.
Investor interest in Indian shipyards hinges on faster execution: Drewry
Foreign investors are evaluating Indian shipyards for future opportunities. The nation must quickly expand capacity and strengthen its supply chain. India has a limited three-to-four-year window to translate policy into projects. Execution speed will be key for investors to monitor going forward. This period will determine if interest translates into tangible shipbuilding projects.
Income tax refund delayed for AY 2026-27? 5 reasons your refund may be stuck
Income tax refund delays for AY 202627 may occur due to incorrect bank details, pending e-verification, PAN issues, tax mismatches or errors in return filing. Here are common causes of delays, how to track your refund status and the key checks to complete for faster processing.
Gold prices saw a decrease today across major Indian jewellery brands. Rates for 22K gold jewellery varied slightly between Tanishq and other leading jewellers. These rates were observed across major cities like Delhi and Mumbai. The India Bullion and Jewellers Association also provides indicative rates for various gold purities.
Millennium Semiconductors, Mouser, RayQ plan India expansion amid electronics boom
Global logistics shifts and growing Indian demand are driving expansion for electronics warehousing firms. Millennium Semiconductors plans a large component hub in Bengaluru with government support. RayQ TTI is establishing a Pune facility to shorten delivery times for key sectors. Mouser Electronics is also actively searching for land to build its first Indian warehouse. These specialized facilities will enhance local manufacturing and reduce import dependencies for companies.
Employee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid in Australia; ITAT gives him full tax exemption on salary but denies Rs 3.4 lakh foreign tax credit. Know how employee won the fight in ITAT Delhi.
Lost track of old PF account? Govt reveals how new EPFO e-portal helps trace and transfer balance
The EPFO has launched a new digital platform to help members trace old accounts. Members can now securely access and transfer their accumulated PF balances online. This new portal simplifies the process of consolidating funds from inoperative EPF accounts.
Moving back for ageing parents? Here's the financial reality NRIs must prepare for
As more NRIs return to India to care for ageing parents, experts say early planning is crucial to manage healthcare costs, lower incomes, taxes, overseas assets and retirement savings.
EPF calculator: Can a 25,000 basic salary build a 1 crore retirement corpus?
Govt plans 44 airports for Hub and Spoke flights to boost global connectivity
India is developing a Hub and Spoke aviation model to become a global hub. Air India launched new flights connecting smaller cities to international destinations. This initiative aims to provide seamless travel for passengers from Tier-II and Tier-III airports. The government plans to develop 4 hubs and 40 additional airports for this purpose. Future expansion will include flights from Ahmedabad, Goa, and Kochi.
