Business

Unemployment on rise in Washington (AI-image) US capitol Washington DC maintained the nation’s highest seasonally adjusted unemployment rate for three consecutive months, according to recent Bureau of Labour Statistics data released on Tuesday.The District’s July unemployment rate reached 6%, primarily due to extensive federal workforce reductions implemented by President Donald Trump‘s Department of Government Efficiency….

Union Minister Nitin Gadkari on Tuesday said the government’s aim is to make India’s automobile industry the number one in the world within the next five years.Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the outlook for the express industry is also promising.“The size of Indian automobile…

ITR filing: Taxpayers who miss the regular deadline for filing their income tax return get an additional chance through the updated income tax return (ITR-U) facility, introduced under Section 139(8A) of the Income Tax Act. This option allows individuals to correct errors, add omitted income, or rectify misreporting even after the due dates for belated…

US Treasury Secretary Scott Bessent on Tuesday said that interviews for Federal Reserve Chair Jerome Powell’s replacement are expected to start around September 1, with 11 candidates under consideration.President Donald Trump’s choice of the next Fed chief is being closely tracked, especially after his repeated criticism of the central bank for holding back on interest…

Wall Street stocks were mixed in early trade on Tuesday as major US retailers began reporting quarterly results, while investors awaited Federal Reserve Chair Jerome Powell’s policy remarks later this week.Around 15 minutes into trading, the Dow Jones Industrial Average gained 0.4% to 45,084.70. The broad-based S&P 500 was flat at 6,447.61, while the tech-heavy…

The stock markets could have significant advancement in the upcoming year, driven by the government’s GST rationalisation initiative, which is anticipated to enhance economic growth and market sentiment.Emkay Research’s analysis, cited by news agency ANI, suggests the Nifty 50 index could reach 28,000 by September 2026, leading the brokerage firm to revise its market outlook…

HDFC Bank services to face outage HDFC Bank has notified its customers about temporary interruptions in specific customer care services, including WhatsApp chat banking and SMS banking facilities, in-between August 22, 2025 and August 23, 2025.According to the Economic Times report, the bank is implementing necessary system upgrades to improve the overall banking experience, resulting…

The United States continues to be India’s biggest trading partner. (AI image) As India faces the threat of 50% US tariffs from August 27, the government is looking at sector-specific measures to cushion impact on exporters and small and medium enterprises. Indian goods exported to the US have been facing 25% tariffs from August 7,…

Apex taxation authority has inquired with cryptocurrency stakeholders about the necessity of new virtual digital assets (VDA) legislation, its administrative oversight, and the impact of current tax policies on trade migration. The Central Board of Direct Taxes (CBDT) has also sought feedback regarding the 1% tax-deducted-at-source (TDS) rate, potential adjustments, and the possibility of loss…

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Steel, and Titan are the top stocks to buy today:JSW Steel – Buy in the range between Rs 1075 & Rs 1085; Stop Loss: Rs 1038; Target: Rs 1170JSW Steel has…