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Tax evasion or underreporting: CBDT sees whopping Rs 20,000 crore income tax recovery; almost double of last year
The CBDT collected ₹20,000 crore in pending dues in the first quarter, doubling last year's figures, driven by income-tax demand notices. With a recovery target of ₹1.96 lakh crore for the fiscal year, the department is intensifying efforts to identify income under-reporting and tax evasion.
Gold rate today: Gold prices down Rs 3,200 per 10 grams in 15 days - how should you trade the yellow metal?
Gold rate today: Gold futures on MCX experienced a decline, trading at Rs 96,168 per 10 grams, a decrease of Rs 304. Silver futures also saw a marginal dip, settling at Rs 1,07,900/kg. Market volatility is expected to continue due to the dollar index and FOMC meeting minutes.
IndiGo expansion plans: Airline may confirm order for 40 more A350 planes
IndiGo is poised to significantly expand its long-haul fleet with a potential order for 40 more Airbus A350s, complementing its existing order of 30 A350-900s. This move aligns with IndiGo's ambitious international expansion plans, including new routes to Europe and a target of 10 additional overseas destinations by 2026.
$400 billion valuation for SpaceX? Elon Musk’s firm plans $1 billion share sale
SpaceX is reportedly preparing to raise capital through a tender offer, potentially valuing the company at $400 billion. This deal includes primary fundraising and a secondary offering for employees, driven by Starlink's success and ongoing Starship development. Despite political scrutiny surrounding Elon Musk, investor confidence remains strong, positioning SpaceX as a leading global tech firm.
Gold price prediction today: Where is gold rate headed & is silver a better bet compared to yellow metal right now? Here’s the outlook
Gold price prediction today: Gold prices are expected to remain range-bound due to easing geopolitical tensions and optimism surrounding potential US trade deals, with a tariff deadline extension to August 1, 2025. Silver is emerging as a preferred investment option over gold, supported by rising Silver-backed ETFs.
UAE Golden Visa confusion: Has a Rs 23 lakh special visa programme really been launched for Indians? Here’s what we know
Reports of a new, cheaper UAE golden visa pilot program targeting Indian and Bangladeshi citizens have sparked excitement and confusion. Despite widespread circulation in Indian media, UAE authorities have not confirmed any policy changes.
Stock market today: Nifty50 opens below 25,500; BSE Sensex down over 100 points
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday amidst ongoing uncertainty on Donald Trump’s tariff moves.
Top stocks to buy today: Stock recommendations for July 9, 2025 - check list
Stock market recommendations: Mehul Kothari from Anand Rathi Shares recommends buying AAVAS Financiers, citing a strong base formation and potential breakout towards ₹2300. He also suggests Jyothy Labs due to a double bottom confirmation and possible retest of ₹400 levels. Additionally, Varun Beverages Limited is recommended for an oversold bounce with a target of ₹490.
US trade deal: Donald Trump says more announcements coming Wednesday; 14 nations notified so far
President Trump is escalating trade tensions by issuing tariff letters to multiple countries, including Japan and South Korea, imposing duties ranging from 25% to 40%. He accuses these nations of unfair trade practices and threatens further increases if they retaliate.
Textiles exporters face fresh trade uncertainty amid Trump's latest announcements
New US tariffs have created market uncertainty, potentially benefiting Indian textile exporters over Bangladesh. However, concerns remain about competition from China and the need for government support. Industry seeks zero duty on key exports, hoping a trade deal with the US will improve competitiveness, especially in synthetic garments, despite existing cost disadvantages and capacity limitations.
50% on copper, 200% on Pharma: Donald Trump talks of new US tariffs soon; ‘they're going to be tariffed at a very…’
President Trump declared a 50% tariff on copper imports and hinted at a potential 200% tariff on pharmaceuticals. This pharmaceutical tariff would have a grace period of one to one and a half years for companies to relocate operations to the US.
Close to deal with India, says Donald Trump amid flurry of letters
President Trump announced potential trade deal with India amidst imposing reciprocal tariffs on several nations, including allies like Japan and South Korea. While India is spared from these tariffs, negotiations continue to finalize a bilateral trade agreement by Fall, aiming to reduce the trade deficit by increasing American arms and energy imports.
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Tax evasion or underreporting: CBDT sees whopping Rs 20,000 crore income tax recovery; almost double of last year
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