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With the July 31 deadline for filing income tax return (ITR) for Assessment Year 2026-27 (FY2025-26) just two days away, the income tax department has issued a timely reminder for taxpayers who are still putting off the task. In a post on social media platform X (formerly Twitter), the tax department cautioned that the familiar…
The income tax submission deadline is just two days away, with 31 July fast approaching. Eligible taxpayers now have less than 48 hours to successfully file their income tax returns and e-verify them to complete the tax submission process for the assessment year 2026-27. As of today, the final date for submitting returns remains 31…
Oil prices rose by more than $2 a barrel in early trade on Wednesday on shrinking U.S. crude inventories, recouping some of the previous session’s losses caused by a pause in fighting between Washington and Tehran. Brent futures increased by $2.71, or 3.2%, to $86.80 a barrel at 0002 GMT, while U.S. West Texas Intermediate…
Kolkata | Mumbai: India’s rural-focused bankers are tracking the monsoons with knitted brows, trying to gauge whether patchy rains would force them to moderate small-ticket credit flows. Uneven rainfall in parts of the country, particularly the agrarian belts of east-northeast and north-central India, is stoking inflation risks for summer-sown (Kharif) crops, threatening both rural incomes…
Mumbai: The leverage banks are offering to attract foreign currency non-resident (bank), or FCNR(B), deposits could pressure margins, analysts said, as overseas interest rates are lower and lending spreads remain thin. The impact is likely to be greater for banks with lower funding costs, such as ICICI Bank, HDFC Bank and Kotak Mahindra Bank, because…
Mumbai: Indian information technology stocks rallied Tuesday after pressure on AI companies and chipmakers globally, as well as better-than-expected first quarter results improved the street’s sentiment on the most underperforming sector this year. The Nifty IT index was up 3.3% on Tuesday, led by Coforge‘s 10.2% gains. Others like Tata Consultancy Services, MphasiS, Tech Mahindra…
Sebi has proposed reducing the minimum investment required for a mutual fund-only portfolio management service (MF-PMS) to Rs 25 lakh from the existing Rs 50 lakh. Unlike an equity PMS, which invests in individual stocks, a mutual fund PMS invests in a mix of active mutual fund schemes, ETFs, debt, international equity and precious metals,…
ET Intelligence Group: Hindustan Unilever‘s (HUL) shares came under pressure during Tuesday’s trading session, plunging to a 52-week low of ₹2,019 on the BSE despite a 13-quarter high revenue growth posted by the FMCG major for the June quarter. It ended the day at ₹2,023.2, recording the steepest daily fall of 7% since March 23,…
The S&P 500 ended higher on Tuesday as gains in Boeing and Coca-Cola helped offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies this week. Global markets have been volatile this month as investors worry that Alphabet, Microsoft, Amazon and other technology heavyweights may be overspending on AI data centers…
Apple’s market value briefly topped $5 trillion for the first time on Tuesday, making it the second only company to reach the milestone after Nvidia, according to a Reuters report. Shares climbed as high as $342.89, lifting Apple’s valuation to $5.036 trillion. The stock later pared gains, and was trading 0.2% higher at $337.70, giving…