Many taxpayers who completed their income tax return (ITR) weeks or even months ago are still waiting for their refunds despite the September 16, 2025 filing deadline having passed long ago. With bank accounts being checked daily, the tax department says the delays are tied to closer scrutiny of questionable deduction claims.Launching a taxpayers’ lounge…
Microsoft on Tuesday announced a sweeping cloud infrastructure partnership with artificial intelligence firm Anthropic and chipmaker Nvidia, marking a significant realignment in the technology giant’s AI alliances as it moves further away from exclusive dependence on OpenAI, AP reported.Anthropic, the developer of rival chatbot Claude, said it will commit to purchasing $30 billion worth of…
Wall Street lost ground again on Tuesday as a fresh slide in Nvidia and other major technology stocks weighed on sentiment, adding to concerns that recent valuations had climbed too high. Early trading saw the S&P 500 fall 0.3%, with the Dow Jones Industrial Average dropping 361 points and the Nasdaq composite declining 0.6%, AP…
Authorities are examining ways to strengthen air traffic control (ATC) systems after the technical snag at Delhi airport earlier this month disrupted operations and delayed more than 800 flights. Civil Aviation Minister K Rammohan Naidu said the incident has prompted a wider review of processes and technology at India’s busiest airport.Speaking on the sidelines of…
The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…
CBDT Chairman Ravi Agrawal has said that the government will notify the new income tax return forms and rules under the simplified Income Tax Act, 2025, by January 2026, giving taxpayers sufficient preparation time before the law comes into effect on April 1,. Speaking at the inauguration of a taxpayers’ lounge at the India International…
NEW DELHI: India’s trade deficit hit a record $41 billion in Oct as exports saw the steepest monthly decline in over a year, and imports rose to an all-time high, driven by a surge in gold and silver shipments into the country. The 11.8% fall in goods exports to $34.4 billion in Oct – which…
File photo (Picture credit: AP) Asian markets fell on Tuesday as caution spread across global equities ahead of several delayed US economic releases and shifting expectations around the Federal Reserve’s next move. The weakness followed a tech-led slide on Wall Street overnight, with investors watching closely for Thursday’s September nonfarm payrolls report to gauge the…
Are investors lining up out of long-term interest? Not at all. The game is played for listing gains. (AI image) By Ashish MenonApplying for IPOs has quietly become a national pastime. Every few weeks, millions of investors line up online, hoping for that one lucky allotment. The attraction isn’t ownership, growth, or dividends. It’s the…
H-1B visas are important: they are the route to getting highly skilled foreign nationals to work in the US. (AI image) H-1B visas, on which the Donald Trump administration is imposing increasing restrictions, are actually beneficial for the US economy and unlike some people who claim that they constitute ‘cheap labour’, evidence seems to suggest…