July final consumer confidence -15.9 vs -15.9 prelim Prior -17.6 July economic confidence 96.9 vs 96.0 expected Prior 95.0; revised to 95.4 July services confidence 4.7 vs 3.8 expected Prior 3.2; revised to 4.2 July industrial confidence -6.1 vs -7.0 expected Prior -7.7; revised to -7.5 This points to a continued recovery in euro area…
Income tax notices and compliance-related issues can often create unnecessary panic and confusion among taxpayers, especially when different provisions of the Income Tax Act, 1961, apply. One such notice is issued under Section 139(9), which deals with defective income tax returns. Understanding what the notice means and responding within the prescribed timeline is crucial, as…
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When Alphabet (GOOG +0.95%)(GOOGL +0.90%) reported second-quarter results last week, it raised its 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from $180 billion to $190 billion. The company spent $44.9 billion on capital expenditures in the second quarter alone, and free cash flow for the period ran negative…
An artificial intelligence-driven infrastructure technology company is relocating its offices to Midtown. Philadelphia-based Treeswift signed a four-year, 7,487-square-foot lease on the entire 11th floor of the Hakimian Organization’s 256 West 38th Street in an expansion of its New York City operations, according to landlord broker Lee & Associates NYC. Asking rent was $39 per square…
With the July 31 deadline for filing income tax returns (ITRs) for AY 2026-27 approaching, many salaried taxpayers are rushing to submit their returns. However, tax experts caution that choosing the wrong ITR form or overlooking key disclosures can result in a defective return, refund delays or even notices from the Income Tax Department. One…
Key insight: Federal Reserve Chair Kevin Warsh hailed rising market interest rates between Federal Open Market Committee meetings as a positive development. Expert quote: “Market participants are learning to play the ball, not the referee, and market prices will continue to respond in the direction and magnitude they see fit. This is, in my view,…
On July 24, 2026, China’s Ministry of Finance and State Taxation Administration issued landmark announcements that establish a comprehensive framework for imposing China’s individual income tax at a 20% rate on residents of China who transfer or have transferred property to or who receive distributions from offshore trusts (the New Rules). The issuance of the…
Shares of Waaree Energies witnessed selling pressure on Thursday, declining 5.65% to Rs 2,581.70, even as the solar energy major reported a strong operational and financial performance for Q1FY27, driven by robust revenue growth, higher production volumes and a record order pipeline. The company reported a consolidated net profit of Rs 891.87 crore for the…