Business

The Income Tax Department has enabled online filing for ITR-3 on its e-filing portal for Assessment Year 2025–26 (Financial Year 2024–25), easing return submissions for individuals with income from share trading (including F&O), business ventures, and investments in unlisted shares. The department announced on July 30, 2025: “Kind Attention Taxpayers! Income Tax Return Form of…

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned by Baidyanath Group’s Naturedge Beverages, according to executives familiar with the matter, quoted by Economic times. Launched in 2018 by Siddhesh Sharma, a third-generation heir…

Donald Trump administration officials have indicated that more negotiations are needed with India before a trade deal can be sealed. India-US trade deal: With just two days remaining until US President Donald Trump’s reciprocal tariff deadline, the possibility of a trade deal between India and America is dimming, though officials have not ruled out any…

August 2025 Bank Holidays Bank Holidays August 2025: For those planning for bank visits August 2025, it’s essential to note that in the upcoming month there are bank holidays leading to extended weekends. Planning ahead for your banking requirements is crucial to prevent any difficulties.Remember that banks will not operate on the second and fourth…

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against Russia, prohibiting imports of refined products derived from Russian crude oil from third countries, whilst exempting Canada, Norway, the US, the UK and Switzerland.The impact…

The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance Act, 2025.The Union Budget 2025 has extended the timeline to 48 months from the assessment year’s end for filing updated returns under Section 139 (8A)…

The average salary for CEOs of listed companies in India reached Rs 7.2 crore, reflecting a compound annual growth rate (CAGR) of 9 per cent over the past decade, according to a new study by Resource Bridge, cited by ANI. In comparison, CFOs earned an average of Rs 2.3 crore, with their pay increasing 1.7…

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media report quoted by PTI.A high-level conference held Tuesday focused on incorporating digital currencies within the formal financial framework. Pakistan Crypto Council (PCC) CEO Bilal Bin…

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy, according to a Reuters report. The move comes after Nayara had sued Microsoft for abrupt suspension of services following European…

Gold in spot markets might see a trading range of $3,345 – 3,275 per oz (CMP $3,322/oz) for 1 – 2 weeks perspective. (AI image) Gold price prediction today: Gold rates are likely to see a limited upside in the coming days as greater clarity on US President Donald Trump’s trade policies emerges. Maneesh Sharma,…