Nation/Politics
The Institute of Chartered Accountants of India (ICAI) has begun reviewing the financial statements of IndusInd Bank and Gensol Engineering and expects the process to take at least six months before any action is taken against auditors for alleged lapses.ICAI president Charanjot Singh Nanda said the review is being handled by the Financial Reporting Review…
The Sebi board on Wednesday approved a set of amendments aimed at improving ease of doing business for Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and merchant bankers. The key changes include greater cash-flow flexibility for REITs and InvITs, a sharper definition of public unitholding, harmonised reporting timelines, and a reduction in the…
In a move aimed at boosting long-term foreign investment in Indian debt markets, Sebi on Wednesday approved several compliance relaxations for Foreign Portfolio Investors (FPIs) that invest exclusively in Indian government securities (G-Secs).The decision, taken at the regulator’s board meeting, is expected to simplify onboarding, reduce paperwork, and improve ease of doing business for these…
The new income tax regime offers lower tax rates and higher standard deduction compared to the old tax regime. (AI image) ITR filing FY 2024-25 (AY 2025-26): When filing your income tax return every year, the choice between the old and the new income tax regime is an important one. The new income tax regime…
Wall Street held steady in early trading on Wednesday as investors awaited the US Federal Reserve’s policy decision, with the S&P 500 flat, the Dow Jones Industrial Average unmoved, and the Nasdaq composite edging up 0.1%.Around 20 minutes into trading, the Dow Jones Industrial Average ticked up 0.2 percent to 42,277.37, as did the broad-based…
The number of millionaires in the United States grew by more than 379,000 in 2024 — over 1,000 new dollar millionaires every day — accounting for nearly 40% of global millionaires last year, according to the 2025 Global Wealth Report published by UBS on Wednesday.The report said private wealth rose 4.6% globally, with the Americas…
India’s real GDP growth is expected to exceed 6.5% in FY2025–26, while real Gross Value Added (GVA) growth is likely to surpass 6.3%, according to a new outlook released by rating agency Icra on Tuesday.In its report, the agency cited rural demand, income tax relief, and lower EMIs as key factors that would support economic…
The Annual Pass is available only on the Rajmargyatra mobile application and NHAI website. FASTag-based annual pass for national highways: In a big relief for frequent travellers, Road Transport and Highways Minister Nitin Gadkari on Wednesday announced a new FASTag-based annual pass. The new FASTag annual pass will be available for Rs 3,000. It will…
Air India cancelled several international flights on Tuesday, causing disruption for travelers. The cancellations follow the tragic crash of Air India flight AI171, a Dreamliner bound for London, in which 241 out of 242 people on board were killed. In response, the airline has increased its operational inspections and technological checks.As of Tuesday, at least…
Ola claims that it is now India’s first ride-hailing service to completely remove commission charges. The fare for your next trip on an Ola will go entirely to the driver. Ola has announced nationwide implementation of a zero percent commission structure, enabling drivers across its auto, bike, and cab services to keep their entire fare…
The FASTag-based Annual Pass will facilitate efficient and economical travel on National Highways across India. FASTag-based Annual Pass announced! Road Transport and Highway Minister Nitin Gadkari on Wednesday announced the rollout of FasTag-based annual pass for users. The FASTag-based Annual Pass will cost users Rs 3,000, and will be effective from August 15, 2025. This…
For India, a primary concern revolves around the process by which the US will reduce duties. (AI image) India-US trade deal: With the Narendra Modi government and Donald Trump administration working to seal the first phase of the bilateral trade agreement at the earliest, India wants assurance that no further tariffs will be imposed.On April…
The revised locker agreement now includes provisions allowing customers to seek legal remedies if banks fail to safeguard their locker contents. (AI image) Have you signed the updated locker agreement with your bank? If not, you are at the risk of losing your locker. Customers who have bank lockers face the risk of losing access…
24 Karat gold price could remain subdued in the near term amid lack of fresh demand cues in global markets. (AI image) Gold price prediction today: Gold rates have been in focus for the last few days due to increased safe haven demand amidst the escalating Iran-Israel conflict. All eyes this week will be on…
Pharma scrips fall on Trump tariff threat NEW DELHI: Pharma stocks fell up to 4% on Tuesday after US President Donald Trump said there could be potential tariffs on the sector soon. Granules India and Lupin were top losers, dropping nearly 4% each. Laurus Labs and Aurobindo followed, plunging 3% each, while Natco fell by…
CHENNAI: Coins are going for a toss, literally. Thanks to a substantial jump in UPI transactions, the value and volume of coins in circulation is witnessing a dip YoY.An analysis by TOI based on data in RBI’s annual reports over the past one decade reveals that the volume of coins in circulation increased by just…
