Many NRIs in the UAE and Saudi Arabia are rushing to send money home as rupee weakens against the UAE dirham. Rupee is now hovering around Rs 23.5 per AED, its lowest level since early April, triggering a spike in remittances across the region. Currency exchange firms across the Gulf have reported a clear uptick…
India’s private sector activity showed strong momentum in June, reaching its fastest pace in over a year, as firms ramped up production to meet booming domestic and international demand. These figures marked nearly four straight years of growth, fresh survey data released on Monday.The HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P…
ITR filing: The deadline to file income tax returns has been extended to September 15, 2025 this year, as against July 31 every year. (AI image) ITR filing FY 2024-25: Who needs to file income tax return? At what income level is filing of ITR necessitated? That’s an important question in the minds of taxpayers,…
US stock markets inched up on Monday, showing little immediate reaction to the ongoing Middle East conflict, including fresh US-led airstrikes on Iran over the weekend.Wall Street traded in green as Dow jumped 152.32 points or 0.36%, reaching 42,359.14. Nasdaq Composite surged to 19,518.46, gaining 71.05 points or 0.37%. S&P500, followed a similar suit, gaining…
Basmati rice exports: The cargo remains stationed at Gujarat’s Kandla and Mundra ports. (AI image) Israel-Iran conflict impact: Approximately 1,00,000 tonnes of basmati rice bound for Iran remain stuck at Indian ports as a consequence of the Israel-Iran hostilities, according to the All India Rice Exporters Association’s statement on Monday.After Saudi Arabia, Iran stands as…
CHENNAI: India Cements is selling its subsidiary Industrial Chemicals and Monomers (ICML) to Mirai Sensing for Rs 97.7 crore. The company will enter into an agreement with Chennai-based Mirai Sensing and complete the sale within six months from the date of agreement, India Cements informed the stock exchange. India Cements board at its meeting, on…
ITR filing: Understanding the appropriate tax filing requirements is essential for freelancers. (AI image) Income Tax Return (ITR) e-filing FY 2024-25: ITR filing may be relatively straightforward for salaried individuals, but what about gig workers and those who earn through freelancing? With the rise of freelance and gig-based income, many individuals are unsure how to…
NEW DELHI: Gross direct tax collections rose less than 5% to Rs 5,45,207 crore during the fiscal year up to June 19. The first of the four instalments of advance tax receipts increased at a muted 3.9%, raising fears of a sharp slowdown in the growth in corporate profits during the June quarter.On a net…
Ahead of the July 6–7 BRICS summit in Rio de Janeiro, senior diplomats from leading member nations said the grouping is likely to intensify efforts toward settling trade in national currencies, even as they ruled out any imminent move toward a unified BRICS currency.At a conference co-hosted by the Embassy of Brazil and Centre for…
Vishnusurya Projects and Infra Ltd has secured an order worth Rs 23.57 crore from Gorantla Geosynthetics Ltd for replacement and construction of a Benzol storage unit, Benzol Recovery Plant-2 and By-Product Plant at the Bokaro unit of Steel Authority of India Ltd (SAIL), the company said in a statement on Saturday.In a steel plant, Benzol…
