إعلان مُمول
Crypto investments under scanner: CBDT launches probe into unaccounted income; high-risk investors in VDA may face scrutiny
The CBDT has initiated a probe into potential tax evasion and money laundering through virtual digital asset investments. Discrepancies between ITR filings and TDS data from crypto exchanges triggered the scrutiny. The tax authority is urging individuals to review and update their ITRs to accurately reflect income from VDA transactions under the "NUDGE" framework.
Israel-Iran tensions: India has adequate energy supplies, says Union minister Puri amid rising crude prices; citing energy strategy trilemma
Following the recent surge in global crude prices due to escalating tensions in the Middle East, Petroleum Minister Hardeep Singh Puri has assured that India possesses sufficient energy reserves for the upcoming months. He highlighted India's diversified energy sourcing strategy, ensuring affordability and sustainability.
Sun Pharma elevates Kirti Ganorkar as MD; Dilip Shanghvi to stay on as exec chairman
Sun Pharma's India business head, Kirti Ganorkar, will become the managing director on September 1, succeeding founder Dilip Shanghvi. Shanghvi will transition to executive chairman, while his son Aalok will oversee North America as COO. Richard Ascroft will take over as CEO of North America, replacing Abhay Gandhi, as Sun Pharma continues its strategic leadership evolution.
US consumer sentiment jumps for first time in 2025, says UMich report; tariff pause and steady prices lift confidence
US consumer sentiment rebounded in June, marking the first increase in six months, according to University of Michigan data. The Consumer Sentiment Index surged to 60.5, a 16% rise from May, signaling economic stabilization amid subdued inflation and eased trade tensions with China. Despite the improvement, sentiment remains below December 2024 levels, with consumers still wary of economic risks.
Will do what is right: Tata chairman to employees after deadly Air India crash; 'Will be completely transparent'
Following the tragic Air India crash in Ahmedabad, Tata Group Chairman N Chandrasekaran expressed deep sorrow and affirmed the group's commitment to supporting the victims' families. He emphasized the importance of transparency and full cooperation with investigators from the UK and the US.
Tesla price hike: Elon Musk-led EV maker raises Model S and X prices by $5,000 in US after upgrades; premium variants now start at $84,990
Tesla has increased the prices of its Model S and Model X vehicles in the United States by $5,000 across all configurations. This price adjustment follows an update to these premium electric models.
Yes Bank rating upgrade: Moody’s lifts Yes Bank to Ba2 on stronger buffers, cites lower NPAs, better provisioning
Moody's Ratings has upgraded Yes Bank's long-term deposit ratings to Ba2, driven by improvements in the bank's credit profile, including capital adequacy and loan loss reserves. The agency also raised Yes Bank’s Baseline Credit Assessment to ba3, reflecting strengthened loss-absorption buffers. While noting unseasoned risks from rapid expansion, the ratings also factor in expected systemic support from the Indian government.
US stock markets today: Wall Street open lower amid Iran-Israel conflict, Dow drops over 500 points, Nasdaq and S&P 500 follow suit
US stocks plummeted at the opening bell on Friday following reports of Israeli airstrikes on Iran, escalating Middle East tensions. The Dow Jones Industrial Average sank over 570 points, with the S&P 500 and Nasdaq also declining. Surging oil prices, up nearly 8%, and rising bond yields fueled concerns about inflation and economic instability.
Forex buffer strengthens: India’s forex reserves rise $5.17 billion to $696.65 billion; gold, FCAs drive gain
India's foreign exchange reserves witnessed a substantial increase of $5.17 billion, reaching $696.65 billion for the week ending June 6, reversing the previous week's decline. This surge was fueled by gains in foreign currency assets and a significant rise in gold reserves. The robust reserve position is expected to bolster the RBI's efforts to stabilize the rupee amidst global volatility.
Dalal Street bleeds: Investors lose Rs 8.35 lakh crore in 2 days; equities tumble amid Middle East flare-up
Equity markets faced a significant downturn over two sessions due to escalating Middle East tensions and surging crude oil prices, leading to a substantial loss of investor wealth. The Nifty and Sensex both experienced declines, with investor sentiment dampened by geopolitical uncertainty and the impact on sectors like OMCs and financials.
Ahmedabad plane crash: Air India’s Boeing 787 Dreamliner fleet to undergo enhanced safety inspection, orders DGCA; here’s what will be checked
Following the tragic Air India crash in Ahmedabad, involving a Boeing 787 Dreamliner and resulting in 245 fatalities, the DGCA has mandated enhanced safety inspections for Air India's entire Dreamliner fleet. These checks include fuel parameter monitoring, cabin air compressor inspection, and engine system tests.
Visa scam crackdown: CBI charges 8 people in French Embassy fraud; Interpol Silver Notice issued to trace global assets
The Central Bureau of Investigation has charged eight people in a Schengen visa fraud. This includes a law officer at the French Embassy in New Delhi. The accused allegedly took bribes to approve visa applications. The CBI claims the fraud occurred between January 2021 and May 2022. Illicit funds were channeled through bank accounts.
Rupee tumbles 55 paise to 86.07 against US dollar on oil spike, Israel-Iran conflict jolts markets; foreign fund outflows deepen
The Indian rupee plummeted to 86.07 against the US dollar, marking its steepest fall in over three months due to surging global crude oil prices and heightened geopolitical tensions. Israel's military actions impacting Iranian nuclear facilities triggered a sharp rise in oil benchmarks, exacerbating concerns about India's trade deficit and inflation.
Final reminder! Free Aadhaar updates ends soon; check all you need to know before June 14 deadline
Indian residents are urged to update their Aadhaar details online for free before the deadline of June 14, 2025, as announced by UIDAI. Updating Proof of Identity (PoI) and Proof of Address (PoA) ensures data accuracy and avoids potential issues with essential services.
Air India plane crash: Boeing CEO cancels Paris Air Show trip; to focus on investigation after first Dreamliner 787-8 crash
Following the Air India Dreamliner 787-8 crash in Ahmedabad, Boeing CEO Kelly Ortberg has cancelled his attendance at the Paris Air Show to concentrate on the investigation. The incident, the first fatal one involving a 787, caused Boeing's shares to drop.
Ahmedabad plane crash: LIC eases claim settlement procedures for Air India crash victims, Bajaj Allianz sets up emergency desk
Following the tragic Air India plane crash in Ahmedabad, LIC has relaxed claim settlement procedures, accepting alternative death proofs and proactively assisting families. Bajaj Allianz Life Insurance has also established a special claims desk, prioritizing and expediting claim processing with minimal documentation. These measures aim to provide swift financial relief and support to the affected families during this difficult time.
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إقرأ المزيد
Two dead, 14 injured in Baglung jeep accident
BAGLUNG: Two people died and 14 others were injured in a jeep accident in Dhorpatan...
Israel hits Iran nuclear site, kills its military brass, top scientists
Israeli strikes have targeted Iran's military command, nuclear facilities, and missile sites,...