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Does foreign citizenship affect inheritance rights in India? Are NRIs allowed to inherit agricultural land legally? Check out.
Chevron to expand Venezuela operations: US official confirms new investments and visit
Energy giant Chevron is expected to announce its expansion plans in Venezuela soon. Company officials and the Energy Secretary will visit Venezuela on Wednesday for this unveiling. This announcement follows Washington confirming a partnership to utilize Venezuelan oil production. The US government is actively pursuing initiatives to boost Venezuela's output. These developments signal a significant shift in energy sector engagement.
EPFO has released monthly pension in Kerala amid Onam celebrations. Here's how subscribers can check their deposit and EPF passbook using the Umang app, official portal, SMS, WhatsApp or missed call.
Who is a non-audit taxpayer and who isn't? Why they have different ITR deadlines for AY 2026-27
With the 31 August ITR filing deadline for non-audit taxpayers over, the focus now shifts to taxpayers subject to tax audit. The rules differ based on the nature of income and activity, with separate compliance requirements and a later filing deadline for audit cases.
India to build 100 airports over next 10 years under modified UDAN scheme: Naidu
India plans to construct 100 new airports over the next decade. This expansion aims to enhance regional air connectivity under the UDAN scheme. The government will invest approximately thirty thousand crore rupees for this ambitious project. Civil aviation is identified as the nation's fastest-growing economic sector. The hub-and-spoke model is being adopted to improve passenger convenience.
Banks shifting microfinance strategy, prefer lending to entities over direct borrowers: Report
Banks are increasingly selecting microfinance institutions for loans instead of individual borrowers, leading to a reclassification of microfinance loans as part of retail portfolios. Despite this trend, non-banking financial companies focused on microfinance (NBFC-MFIs) received considerable debt support from banks recently. However, the overall microfinance sector saw a decline in its borrower base, with higher loan amounts being distributed to a lesser number of borrowers.
Meghalaya is developing a creative economy focused on film production and digital content. The state's Film Tourism Policy 2025 offers incentives for productions and local talent. Its OTT platform 'Hello Meghalaya' supports regional content creators and their monetization. Bollywood professionals expressed interest in Meghalaya's locations and emerging creative pool. This strategy aims to create a comprehensive creative value chain for economic growth.
MyBranch expands Northeast India footprint to 40,000 sq ft across 8 cities
MyBranch has launched its coworking spaces in eight cities across Northeast India, offering an impressive 40,000 square feet of adaptable work environments. In response to the growing demand for flexible business solutions, this expansion allows firms to quickly set up local teams and operations. More organizations are favoring these efficient spaces over traditional office settings, unlocking new opportunities for regional growth and diversity.
Robust inflows into FCNR (B) deposits: Banking system liquidity surplus at 6.65 lakh cr
To absorb this surplus, the RBI on Tuesday conducted two Variable Rate Reverse Repo (VRRR) auctionsfor 6 lakh crore and 4 lakh crore
Defaulting on a bank loan: Can an individual borrower be jailed? Know the legal and financial risks
A missed EMI can have consequences beyond penalties and a lower credit score. Experts explain when a loan is considered in default, what banks can recover, whether family members are liable, and what happens to secured assets.
Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of MD and CEO Sanjeev Nautiyal. Nautiyal stepped down from his position citing health grounds and requested early retirement. The Reserve Bank of India has approved Furtado's interim appointment for three months. The bank will now begin the process to find a permanent successor.
Relief to HYDRAA Commissioner, HC suspends single-judge order
Hyderabad: The Telangana High Court on Tuesday, September 1, suspended until November 3 an order passed by a single judge directing the replacement of HYDRAA Commissioner AV Ranganath. Ranganath challenged the July 27 single judge order directing the Chief Secretary to relieve him from the post of Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Coal India output dips 5.7% in August, offtake rises 5.5%
Coal India's August production saw a 5.7 percent decrease compared to last year. However, the company's coal offtake rose by 5.5 percent during the same period. Cumulative output between April and August also declined by 4.5 percent. Supplies to the power sector grew, and non-power sector supplies increased. The company is preparing to ramp up production as the rainy season ends.
Missing the 31 August ITR deadline for AY 2026-27 does not end your filing options. Taxpayers can file a belated return by 31 December, revise an already filed return, or seek condonation of delay in eligible cases.
Ujjivan SFB MD & CEO exit, Kotak succession race gains momentum amid banking sector leadership churn
Strong internal candidates are mostly going to be considered for these roles
Banking system surplus liquidity hits 4-year high on strong FCNR(B) flows
Rupee appreciates to two-month high on RBI intervention
September 2026 has several key income tax deadlines, including TDS payments on 7 September, a TDS certificate deadline on 14 September, the second advance tax instalment on 15 September, and multiple audit report deadlines on 30 September.
The 8th pay commission has scheduled state visits to Chennai, Puducherry, Chandigarh, Bengaluru and Mumbai in September and October 2026. Here's the full list of dates and who can participate in the meetings.
Five small-cap mutual funds recorded Sharpe ratios above 0.75, indicating strong risk-adjusted performance. Bandhan Small Cap Fund led with a ratio of 1, followed by ITI, Invesco India, Mahindra Manulife and Bank of India Small Cap Fund.
Form 1 is now live on the income tax e-filing portal for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. This one-time scheme allows eligible taxpayers to disclose foreign assets and income. Declarations can be filed until 31 December 2026.
Punjab transferred Sukhchain Singh Khera, key member of the state employees' protest, where over 150 employees' bodies and more than 3.50 lakh pensioners participated in one of the biggest mobilisations against the government.
High-yield bonds pay more, but theres a catch: Who should invest and how much risk can you take?
High-yield bonds offer higher interest income but carry greater credit, default and liquidity risks than highly rated debt. Experts explain who should consider these bonds, what investors should check and how much exposure may be appropriate.
Samir Arora backed Helios Mutual Fund crosses Rs 15,000 crore AUM in 3 years, grows 200% in 1 year
Samir Arora-backed Helios Mutual Funds AUM crossed Rs 15,000 crore in August 2026, growing 200% year-on-year. Equity schemes account for over 95% of assets, reflecting strong investor confidence despite volatile markets and the fund houses expanding distribution network across India.
EPF calculator: How many years to build 2.23 crore from a 50,000 basic salary?
An employee earning Rs 50,000 as monthly basic salary can build a substantial retirement corpus through regular EPF contributions and compound interest.
Bank of India Credit Risk among top 5 mutual funds that beat fixed deposits in 1 year
Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of India Credit Risk Fund with a 17.68% return. Aditya Birla Sun Life Credit Risk Fund, DSP Credit Risk Fund, Aditya Birla Sun Life Medium Term Plan and Bandhan Gilt Fund also featured among the top performers.
Finfluencers are shaping investment choices. How can investors separate advice from noise?
Finfluencers increasingly shape Indian investment decisions, but few are Sebi-registered. Heres what investors should know about stock calls, sponsorships, credentials, red flags and recourse.
VinFast puts the brakes on manufacturing some cars in India
Orders suppliers to halt work on 3 projects while it reviews costs, say sources
Bank unions announce strikes on September 11 over unresolved issues
The United Forum of Bank Unions (UFBU), representing over 90% of Indias banking workforce, has announced strikes on September 11 and September 28-30, followed by an indefinite strike from October 26 if its demands are not resolved.
TVS Motor sales rise 21% to 6.16 lakh units in August
TVS Motor Companys total sales rose 21% year-on-year to 6.17 lakh units in August 2026. Two-wheeler EV sales surged 137% to 59,453 units, while international sales grew 29% and three-wheeler sales increased 34%.
Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do now
ITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not file on time have until December 31, 2026, to submit a belated ITR, incurring possible late fees. Notably, failing to meet this deadline also prevents taxpayers from opting out of the new tax regime, with business income earners unable to revert to the old regime post-deadline.
India's power consumption rises nearly 13% to 169 billion units in August
India's power consumption rose 12.85 percent in August, reaching 169.01 billion units. High humidity levels increased cooling appliance usage across many regions. Peak power demand also jumped to 258.27 GW last month. Experts predict steady power demand through September due to continued humid conditions. Projected weather patterns may further influence power demand and consumption.
8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Terms of Reference for the 8th Pay Commission. Employee associations are urging the inclusion of pension revisions for those who retired before January 1, 2026. Historically, previous pay commissionsnamely the 7th, 6th, 5th, and 4thhave had their Terms of Reference modified by the government to address various concerns, including extended coverage and scope.
The NCDRC has ruled on a case involving an LIC policy assigned as security for a bank loan, holding that the insurer was not deficient in acting on the bank's surrender request. Here's what the order means for policyholders who use insurance policies as loan collateral.
Mumbai raid uncovers fake expiry dates, nutrition labels on food export products
Indian authorities raided an illegal operation in Mumbai last week. They seized nearly eighty thousand dollars worth of faked food export products. This illicit warehouse systematically altered expiry dates and nutritional information. Popular brands like PepsiCo and Nestle were among those affected. The investigation highlights ongoing challenges in food safety enforcement.
SBI Gold among 5 equity mutual funds that deliver over 25% CAGR in 3 years; top 4 cross 35%
Nissan clocks 147% jump in India wholesales, starts Tekton exports
Nissan India reported a 147% domestic sales increase in August. Sustained demand for Magnite and Gravite models boosted these volumes. The newly launched Tekton SUV also contributed to the automaker's strong performance. Nissan began exporting the Tekton to South Africa, Bhutan, and Nepal. These exports align with the company's global manufacturing and export strategy.
High-yield investments can hide a catch. Heres what income investors should know
Dividend stocks, Reits and InvITs can offer attractive payouts, but investors need to look beyond yield to cash flows, capital preservation, taxes and total returns.
BookMyShow Live bets big on Indias concert boom with Stageco gear
BookMyShow Live has invested in Belgian company Stageco's staging equipment. This move expands their production infrastructure for large-scale concerts and festivals. The new equipment will be deployed across Indian cities in the coming months. This investment supports India's growing live events market and global touring productions. BookMyShow Live aims to own reusable production assets for future events.
Sumadhura Group to develop 1.2 million sq. ft. of warehousing space in Chennai
Sumadhura Group has acquired 52 acres in Red Hills, North Chennai, for a 400 crore Grade A industrial and logistics park. The project will offer 1.2 million sq ft of warehousing space, create around 2,500 jobs and is expected to be completed by December 2028. The expansion comes as Chennais Grade A warehousing demand grows, with 4.1 million sq ft absorbed in H1 2026.
PPF real return is more than 7.1%: Here's the calculation most investors miss
PPF offers 7.1% interest, but eligible old-regime taxpayers may earn a higher effective return after factoring in the Section 80C tax benefit. Heres how the tax saving can push the effective annualised return to around 11%, and why the benefit does not apply to every investor.
HSBC Mutual Fund's RedHex Hybrid Long-Short Fund has impressively reached a whopping Rs 1,000 crore in assets under management within just two months. This unique investment strategy has drawn in nearly 1,950 individual investor folios, providing an innovative blend of fixed income, equity arbitrage, REITs, and INVITs aimed at optimizing risk-adjusted returns. The fund's rapid growth illustrates an increasing interest in diverse mutual fund options.
Today's gold rate: On September 1, 2026, gold prices dipped slightly in major Indian cities, with notable jewelry chains like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintaining stable rates for 22k gold. Furthermore, the India Bullion and Jewellers Association released updated pricing for numerous gold purities. Alongside, silver also observed a decrease compared to the previous day's close, reflecting current market trends.
Indian pilots body warns Noel Tata over Air India exodus, flags safety concerns
ALPA India highlights pilot attrition as a critical flight safety concern for Air India Group. The association urges the Tata Group to review pilot retention and working conditions. Experienced pilots are considered valuable safety assets, not just manpower. Fleet transitions require robust training and careful management of cockpit experience. An independent review is requested to assess safety systems and pilot well-being.
Every equity mutual fund delivers positive XIRR on SIPs in 5 years. Did you exit too soon?
All 219 equity mutual funds delivered positive SIP XIRRs over the last five years, with 165 funds generating double-digit returns. HSBC Midcap Fund topped the list with a 22.70% XIRR, while ITI Small Cap Fund and Bandhan Small Cap Fund followed closely. The analysis highlights how disciplined SIP investing can compound wealth over time.
July 2026 CPI-IW rose 1.3 points to 153.2, taking the running DA calculation for central government employees to about 64% for January 2027. The final DA rate will depend on CPI-IW data for August to December 2026 and the government's formal announcement.
NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future.
Maruti crosses 1-million sales in FY27 as Hyundai, Tata Motors report strong August numbers
Maruti Suzuki crossed 1 million units in cumulative sales during the first five months of FY27, while Hyundai Motor India reported its highest-ever August domestic sales, rising 23.6% year-on-year. Tata Motors also posted strong commercial vehicle growth, with domestic sales up 33%. The performance highlights robust demand across Indias passenger vehicle and commercial vehicle markets in August.
Nifty holds 24,000 at midday as IT gains, banking drag; crude above 8,250
Domestic equities remained range-bound as elevated crude prices, global bond yields and geopolitical tensions kept investor sentiment cautious.
India reopens Zambia talks to secure critical minerals: Report
India has resumed talks with Zambia to explore investment opportunities in critical minerals. Officials from India's Ministry of Mines held preliminary discussions with Zambian officials recently. India is also evaluating investment opportunities in several other countries for mineral supplies. The nation seeks raw materials to meet rising demand from its growing economy. Africa, and Zambia specifically, can play an important role in meeting India's needs.
Maruti hits the gas at home, exports hit the brakes as August sales jump 21%
Maruti Suzuki reported a 21.3% rise in total sales for August 2026. Domestic passenger vehicle sales drove this significant growth, increasing by 34.8%. Utility vehicles were the primary growth driver, with sales surging 46.3% in the period. Exports saw a decline of 7.4% during the same month. The company crossed one million units sold within the first five months of FY27.
OP Jindal online MBA vs traditional MBA: Choosing the right path for career growth
Driven professionals can acquire vital business acumen without disrupting their careers. An online MBA offers the necessary flexibility for those who wish to elevate their career trajectories. This degree fine-tunes analytical and managerial skills ready for immediate application in the workplace. OP Jindal Global Universitys online MBA provides both academic recognition and hands-on learning experiences, enabling professionals to earn while they study.
India Aims for Developed India 2047 with New Customs and Banking Reforms
Mumbai, September 1: India is gearing up for new customs and banking reforms aimed at achieving the ambitious goal of Developed India 2047. Finance Minister Nirmala Sitharaman shared these insights during an exclusive interview on the sidelines of the G20 finance ministers meeting. Sitharaman emphasized that the next phase will build on prior changes in ... Read more India Aims for Developed India 2047 with New Customs and Banking Reforms
Tata Motors commercial vehicle sales up 49% in August at 44,411 units
Tata Motors reported a forty-nine percent growth in total commercial vehicle sales. Domestic commercial vehicle sales increased by thirty-three percent in the same period. International business volumes saw a substantial two hundred twenty-seven percent year-on-year growth. This performance reflects strong market demand for their commercial vehicles. The company announced these sales figures on Tuesday.
Railways has approved the deployment of Kavach Version 4.0 across 712 route kilometres in the Moradabad Division. The rollout will strengthen railway safety infrastructure through the indigenous Automatic Train Protection system. Kavach 4.0 provides an additional safety layer for train operations, helping prevent Signal Passing at Danger (SPAD), automatically apply brakes when required and control train speed in critical situations.
IRDAI pitches public insurance registry to reshape industry
India's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, intermediaries, and policyholders for better underwriting. Policyholders can view all their policies and make common service requests easily. Insurers will gain access to anonymized industry-wide claims data for analysis. The registry aims to improve transparency and facilitate informed, low-cost insurance purchases.
Will I inherit my familys land in India if I become an NRI?
ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire foreign citizenship. Will I still be able to inherit my familys agricultural land, and are there any restrictions on holding, transferring, or disposing of such property after becoming a foreign citizen?
Tata Elxsi backs seven-seater Shunya eVTOL, first flight targeted in 18-24 months
Tata Elxsi and Sarla Aviation will collaborate on India's first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya's first flight within the next eighteen to twenty-four months. The collaboration aims to advance urban air mobility and related applications.
Frustrated with repeated water leakage issue in top floor flat homeowner requested building to appoint Dr Fixit and Asian paints to fix it; Karnataka RERA directs builder to permanently fix defects at its own cost. Read the article to know how the homebuyer partly won the case.
DEE Development Engineers eyes global partner for nuclear piping space JV: Chairman
DDEL is the leading industrial pipe fabrication player in India and among the top five globally. It welds steel, stainless steel and other alloy pipes of different diameters for applications across multiple sectors.
Festive surge drives UPI near record 29.8 lakh crore milestone across 24.5 billion transactions
India's UPI processed transactions near record highs in August, reaching 29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient digital infrastructure for continued growth.
Vedanta Oil & Gas partners with Beicip-Franlab to accelerate exploration, production in Northeast
As part of the engagement, Beicip-Franlab will undertake seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field development planning across priority assets, including new and existing fields like Hazarigaon and Rudra in Northeast.
Mahindra & Mahindra reports 5% growth in domestic tractor sales at 27,595 units in August
The total tractor sales, including domestic and exports during August 2026, were at 29,507 units, as against 28,117 units for the same period last year. Exports for the month stood at 1,912 units.
Central government employees may receive arrears from January 1, 2026, after the 7th Pay Commission's term ended on December 31, 2025. But the eventual arrears could depend on when the 8th Pay Commission is implemented.
A motor insurance claim was rejected by HDFC General Insurance over driver's license concerns. The West Bengal Consumer Commission found insufficient evidence of deliberate policy violation. The insurer was directed to pay Rs 3.5 lakh with interest and Rs 1 lakh compensation. The commission emphasized that a fake license does not automatically absolve insurers of liability. Policyholders must exercise reasonable care when hiring drivers for their vehicles.
M&M vehicle sales jump 42% to 1.08 lakh units in August
Mahindra & Mahindra reported a 42% jump in total vehicle sales. SUV sales grew fifty percent year-on-year in the domestic market. The company sold over one lakh vehicles including exports in August. Commercial vehicle domestic sales also registered a 22% growth.
HFCL bags Rs 2,329 cr optical fibre cable export order
HFCL has secured a significant export order valued at USD 244 million. This agreement is for supplying high-quality optical fibre cables to a global corporation. The supply contract spans three years, concluding in December 2029. Deliveries are scheduled to commence from the calendar year 2027 onwards. This order follows previous export wins for the telecom gear manufacturer.
Gift, loan, or Benami? Tax rules to know before adding a family member to a property title
To avoid future legal and tax complications, CA advised buyers to settle the exact nature of the ownership arrangement before finalising a purchase.
The estimated dearness allowance for central government employees has soared to 64%, driven by the July 2026 AICPI-IW reading of 153.2. This index, compiled monthly by the Labour Bureau from retail price data across India, leads to a biannual revision of DA in January and June. Final details regarding the salary increase will be revealed following the government's official announcement.
Electric vehicles are considerably heavier than their petrol-powered counterparts, mainly because of the added weight of their battery systems. According to recent European Union data, plug-in hybrids are the heaviest, followed by fully electric cars, while combustion-only vehicles remain the lightest. Union minister Nitin Gadkari has also proposed giving used EV batteries a second life by using them for home energy storage, potentially improving the sustainability of electric mobility.
CPP Investments expands India footprint with over Rs 2,000 cr NIIF commitment
Canada Pension Plan Investment Board committed $215 million to NIIF Infrastructure Fund II for investing in Indian infrastructure assets and platforms. The investment aims to build on a strong existing partnership between the two entities.
Parle Biscuits appoints former PepsiCo executive George Kovoor as CEO
Parle Biscuits has appointed George Kovoor as its first chief executive officer. Kovoor brings over three decades of experience from his tenure at PepsiCo.
Sanmar Group picks majority stake in Hyderabad-based AltEons Energy
The Sanmar Group has acquired a majority stake in AltEons Energy. This investment will help AltEons develop its initial 210 MW hybrid project. The company plans to add another 800 MW to its pipeline this year. Maharashtra remains a key market, with other states also being evaluated. AltEons focuses on wind, solar, and battery storage for consistent power.
The ITAT Mumbai deleted an 8.87 lakh tax addition after accepting a taxpayers explanation for cash found during an income-tax search. The tribunal said family savings and gifts must be assessed based on human probabilities.
HDFC Bank next CEO: Check bankers in the running for top job
HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension, with an executive search firm likely to be appointed this week. The bank is considering both internal and external candidates, including deputy MD Kaizad Bharucha, executive director V. Srinivasa Rangan, former SBI chairman Dinesh Khara, Axis Bank CEO Amitabh Chaudhry and other senior bankers.
Sales of Raksha Bandhan merchandise up 46% year-on-year: GoKwik
In Rakhi merchandise sales, North India led in order share, followed by South and West regions. Gift categories like home and furniture saw significant sales increases. Male-targeted product sales rose, while female-targeted product sales declined. Festival shopping began earlier this time, with many orders placed late at night.
Living in Brazil, billing a Goa company? This is how India will tax professional income of NRIs
An Indian professional living in Brazil while providing architectural services to a Goa-based company wants to know if professional fees paid into a foreign bank account will attract Indian tax. Here's what the India-Brazil tax treaty says.
Why these retirees sold their family homes and property investments for a better retirement
As children move away and large homes become harder to maintain, retirees are rethinking property. Selling, downsizing or redeveloping can unlock wealth, simplify succession and improve retirement security.
Largecap mutual funds trail mid and smallcaps in 2026. Should investors change strategy?
Despite large-cap mutual funds showing a decline this year, mid and small-cap funds have proven to be winners. Experts advise investors to rebalance their portfolios by taking profits from the outperformers. Now is the time to reconsider allocations, as large caps provide better valuation and protective measures. Flexi-cap funds are suggested as a strategic option for a broader range of investors.
ATF price up 5.46%, commercial LPG rate rises Rs 9.50
ATF prices rose 5.46% to 121.28 per litre, adding to airlines costs, while commercial LPG prices increased by 9.50 to 2,747.50 per 19-kg cylinder. Domestic LPG, petrol and diesel prices remained unchanged.
Gold prices today, September 1: Check 24K, 22K gold, 999 silver rates in Delhi, Mumbai, Bengaluru
The domestic MCX gold price recovered its previous losses, jumping over 1% to cross the 1.55 lakh mark per 10 grams
Best mutual fund SIP portfolios to invest in September 2026
ETMutualFundslaunched its recommended mutual fund portfolios to invest through SIPs in October 2016. Since then, we have been closely monitoring the schemes in these portfolios and coming up with updates on them regularly.
The Mumbai ITAT has ruled in favour of an investor whose 85.35 lakh long-term capital gains (LTCG) from Sunrise Asian shares were treated as unexplained income by the tax department.
How to choose right health insurance policy: 5 key factors to keep in mind
Medical insurance shields policyholders from unpredictable and often steep healthcare expenses.
Trump's oil deal with Venezuela raises red flags for some major producers, sources say
A proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among major oil companies. The arrangement would give the US a 35% stake and guaranteed oil access, while NABEPs Venezuelan owner Alejandro Betancourts past investigations add uncertainty for potential investors.
A Pune-based senior citizen missed the income-tax appeal deadline by 191 days after his wifes death. The ITAT Pune, in ITA No. 1586/PUN/2026, directed the appellate authority to condone the delay and hear his tax appeal on merits.
Metal stocks Q1 performance check: 4 beat estimates, 2 missed; Motilal Oswal breaks down the reason
Asia's refined fuel imports hit post-war low, can the Middle East help?
Asias refined-fuel imports fell to their lowest level since the Iran conflict began, with August shipments of light and middle distillates dropping to 5.10 million barrels per day. Disrupted Middle East and Russian supplies have pushed Singapore gasoil prices and refinery margins sharply higher, intensifying pressure on Asian fuel markets.
Delhi HC orders forensic audit of Fortis, Singh brothers' Rs 4,666-crore trail
The Delhi High Court ordered a forensic audit of Fortis Healthcare transactions. This audit will examine dealings with IHH Healthcare Berhad and RHT Health Trust. It will also probe transactions involving the Singh brothers and Religare Group companies. The court seeks to trace the movement of shares and funds. This comprehensive audit must be completed within six months.
Wife escaped income tax notice as she proved in ITAT that her husband entirely paid for their joint property which was sold for Rs 14 lakh less price than market value. Read the article to know why the wife won the case in ITAT Kolkata.
The NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandras repayment plan after three tribunal members delivered differing views. The plan involves 1,494 crore from principal borrowers and 6.25 crore from Chandra, who guaranteed 22,006 crore in Essel Group borrowings. Dissenting lenders oppose it.
