Business

During the assessment, the AO estimated Kumar’s business income under Section 44AD — something completely outside the scope of the original notice. (AI image) Making cash deposits of large amounts in your bank account? Be aware of a case where a cash deposit attracted the attention of the Income Tax Department, and the assessing officer…

The average long-term US mortgage rate has fallen to its lowest level in more than a year, offering some relief to homebuyers and homeowners amid a prolonged housing slump.Mortgage buyer Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage dropped to 6.17% from 6.19% last week — its fourth consecutive…

US markets ended mixed on Thursday, with investors juggling upbeat and cautious signals from Big Tech earnings and renewed optimism around US-China trade ties.The S&P 500 slipped 0.2% from its all-time high earlier this week, while the Nasdaq composite lost 0.6%. The Dow Jones Industrial Average, however, gained 199 points, or 0.5%, by mid-morning trade,…

Online brokerage Groww is gearing up for one of the most closely watched listings of 2025, as investors eye the Bengaluru-based fintech’s upcoming public issue amid a buoyant primary market. The company’s grey market premium (GMP) of Rs 10.5 suggests potential listing gains of around 10.5% over the upper end of its Rs 95–100 price…

8th Pay Commission Salary Calculation 8th Pay Commission salary hike calculation: Central government employees and pensioners can soon look forward to getting higher salaries and pensions respectively, with the Terms of Reference for the 8th Central Pay Commission being approved by the Cabinet this week.The 8th Central Pay Commission has been tasked with submitting a…

Adani Power Ltd reported a 12% year-on-year decline in consolidated net profit to Rs 2,906 crore for the September quarter, weighed down by higher expenses. The company had posted a profit of Rs 3,297.52 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing on Thursday.Total income rose slightly…

The shine faded from gold on Thursday after the US Federal Reserve cooled expectations of additional rate cuts in 2025. After recently breaching Rs 1.21 lakh, prices have softened over the past few sessions. On Thursday, MCX December gold futures slipped Rs 1,671 to open at Rs 1,18,995 per 10 grams. With the Fed’s guarded…

On May 13, 2024, India entered into a decade-long agreement to operate the Chabahar port. In a boost for India’s regional connectivity plans especially with regard to Afghanistan, the Donald Trump administration has granted extension of sanctions waiver on Iran’s Chabahar port.According to an ET report, India has managed to get an extension for the…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday on weak global cues. While Nifty50 went below 26,000, BSE Sensex was down over 200 points. At 9:21 AM, Nifty50 was trading at 25,984.25, down 70 points or 0.27%. BSE Sensex was at…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: ONGC, Graphite India, and SAIL. Here’s his view on Nifty, Bank Nifty and the top stock picks for October 30, 2025.Index View: NiftyNifty…

TOKYO: Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show.The car has been developed for the Indian and Japanese markets, apart from other Asian countries. Its India debut will be in fiscal 2026-27. Honda Motor Co…

MUMBAI: The departure of Mehli Mistry from boards of Tata Trusts not only cements chairman Noel Tata’s position within the public charities but also strengthens his influence over the $180-bn Tata Group. It gives Noel greater control over the philanthropic and strategic arms of the Tata empire and enhances his ability to shape key decisions…

In a move aimed at improving transparency and ease of fund transfers after a depositor’s death, the Reserve Bank of India (RBI) has notified the Banking Companies (Nomination) Rules, 2025 and Banking Laws (Amendment) Act, 2025. The new rules, effective November 1, 2025, make it mandatory for banks to clearly inform customers about the nomination…

According to the Commission, the airline failed to provide adequate and accurate information about the availability of free seats. (AI image) Are airlines misleading you on availability of free seats? When booking an air ticket, be careful when you pay an extra amount for premium seats – free seats of your choice may be available….

Fintech major Fiserv Inc saw its shares crash 44% on Wednesday, heading for their worst day ever after the company cut its full-year earnings guidance and announced a sweeping leadership overhaul, CNBC reported.“Our current performance is not where we want it to be nor where our stakeholders expect it to be,” Fiserv CEO Mike Lyons…

Paramount Skydance Corporation, the company behind the blockbuster Top Gun: Maverick, has announced plans to cut approximately 2,000 jobs as part of a sweeping restructuring. According to an internal memo sent by CEO David Ellison, the move is intended to streamline the organisation and ensure it remains a strong, future focused company. The first phase…

US stocks held close to record levels on Wednesday as investors awaited the Federal Reserve’s interest rate decision, with gains in tech and industrial heavyweights helping sustain Wall Street’s momentum.The S&P 500 was up 0.3%, while the Dow Jones Industrial Average rose 193 points (0.4%) and the Nasdaq Composite gained 0.7% as of 9:35 am…

Nvidia Corp has become the world’s first $5 trillion company, marking another milestone in the artificial intelligence (AI) revolution reshaping global markets. The Silicon Valley chipmaker crossed the landmark just three months after breaching the $4 trillion mark, as its stock soared on the back of surging demand for AI chips and new strategic tie-ups,…

Ship-tracking information revealed that the vessel Furia altered its course on Tuesday. (AI image) Within days of the US President Donald Trump announcing sanctions on two major Russian oil firms, a crude oil tanker headed for India has now taken a U-turn. According to a Bloomberg report, an India-bound tanker carrying Russian crude has changed…

The Court observed that any departmental inquiry leading to termination would directly impact the financial sustenance of the BSP employee’s wife. (AI image) A woman’s husband went missing and she was asked to vacate his company quarters, even as the company initiated disciplinary action. The Chhattisgarh High court ruled in the wife’s favour granted her…