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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.
US economy contracts 0.3% in Q1 2025; Donald Trump blames it on Biden 'Overhang’
The US economy unexpectedly contracted by 0.3% in the first quarter of 2025, falling short of expectations. This downturn is attributed to a surge in imports ahead of President Trump's new tariffs and a deceleration in consumer and government spending. While Trump blames Biden, his advisor cites pre-tariff import activities as the cause.
Amaravati 2.0: Naidu’s dream capital with inverted lily-shaped assembly, 50-storey secretariat- Details
Amaravati, Andhra Pradesh's capital, is set for relaunch. The project includes an inverted lily-shaped assembly building. Narendra Modi will relaunch the project on May 2. Construction had stopped in 2019. N Chandrababu Naidu aims for a modern capital. The city will feature nine sub-cities. The government hub will house key buildings. The focus is on economic growth and non-polluting industries.
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