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Bank Holidays in May 2025: On what days are banks closed? Check state-wise full list
Bank Holidays May 2025: In May 2025, bank holidays will vary across Indian states, impacting banking services. Closures are scheduled for Labour Day/Maharashtra Day, Rabindranath Tagore Jayanti, Buddha Purnima, State Day, Kazi Nazrul Islam's Birthday, and Maharana Pratap Jayanti.
Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore
Adani Ports reported a robust 50% surge in net profit, reaching Rs 3,023 crore for Q4 FY24, driven by strong cargo growth and operational efficiency. Revenue climbed 23% to Rs 8,488 crore, with EBITDA up 24%. Mundra Port became India's first to exceed 200 MMT in a year.
ITR filing FY 2024-25: New ITR-1 form notified with major changes - here’s what taxpayers should know
The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals with long-term capital gains up to Rs 1.25 lakh from listed equities. These forms feature modifications for deductions and require detailed TDS information. This change aims to enhance taxpayer services and encourage voluntary compliance by reducing the complexity for small taxpayers.
IndusInd Bank and Kotak Mahindra Banks revise FD rates: One hikes, the other trims
IndusInd Bank has increased its fixed deposit interest rates for various tenures, especially short-term ones, while Kotak Mahindra Bank has marginally reduced rates on specific tenures and introduced a new short-term FD. IndusInd Bank's rates now range from 3.50% to 7.75% for the general public and 4% to 8.25% for senior citizens, whereas Kotak Mahindra Bank offers 2.75% to 7.
Is Tesla looking for a new CEO? As Elon Musk focused on White House, board looked for his successor, says report
Tesla's board has reportedly explored potential successors for Elon Musk, prompted by his involvement with the Trump administration. Shareholders are concerned about declining sales and Musk's political affiliations, which have led to protests and damage to Tesla facilities.
Dealing with Trump’s tariffs: Apple exports 97.6% of iPhones to US from India to preempt higher tariffs on imports from China
Apple dramatically increased iPhone exports from India to the US in March 2025, reaching 97.6% of total exports, driven by concerns over potential tariffs on Chinese goods. This shift involves expanding Indian production with manufacturers like Tata Electronics and Foxconn, aiming for a complete transition of US-bound iPhone production from China to India by 2026.
Coldplay’s Ahmedabad concerts generated Rs 641 cr economic impact: Report
Coldplay's Ahmedabad concerts generated a Rs 641 crore economic impact, boosting the city's economy by Rs 392 crore. Attracting over 2.5 lakh visitors, primarily from outside the city, the event spurred spending on hospitality and transport.
IOC pauses oil sourcing talks with Russia's Rosneft
IndianOil has paused term deal talks with Rosneft due to market dynamics, not government pressure, while increasing US energy imports to reduce the trade surplus. A five-year gas contract with Trafigura, benchmarked to US rates, signals potential American LNG shipments. Russian oil's share in IndianOil's crude mix decreased from 31% to 22%.
Costa Coffee sees rising sips grow its India business
Costa Coffee is aggressively expanding in India, targeting 40-50 new outlets annually, despite global economic uncertainties. The company sees India as a high-potential market, driven by a growing preference for premium coffee among millennials and Gen Z.
Will US GDP contraction prompt US Fed to cut rates? Here’s what to expect
The US economy unexpectedly shrank in the first quarter of 2025, contracting at an annual rate of 0.3%. This downturn, driven by increased imports, slower consumer spending, and reduced government expenditure, has fueled speculation about potential Federal Reserve rate cuts.
Income taxpayers note! New ITR-1, ITR-4 forms notified by CBDT for FY 2024-25 - check details
The CBDT has released ITR forms 1 and 4 for the financial year 2024-25, applicable for income earned from April 1, 2024, to March 31, 2025. A key change allows ITR-1 filers to include long-term capital gains from listed equity shares and equity mutual funds up to Rs 1.25 lakh.
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Leia Mais
Bank Holidays in May 2025: On what days are banks closed? Check state-wise full list
Bank Holidays May 2025: In May 2025, bank holidays will vary across Indian states, impacting...
Adani Ports Q4 earnings: Net profit grows 50% in fourth quarter to Rs 3,023 crore
Adani Ports reported a robust 50% surge in net profit, reaching Rs 3,023 crore for Q4 FY24,...
Reactionaries have been exposed; it’s over now: PM Oli
BIRATNAGAR: Prime Minister (PM) KP Oli has reiterated that there is no longer any possibility of...
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