Deadline for filing revised ITRs — urgency and what it means Today is the last date for taxpayers to file revised income tax returns (ITRs). The focus is on taxpayers who discovered errors or missed claims after filing their original return and planned to correct them before the cut‑off. If you need to change income … Read more
Domestic stock markets found steady footing as persistent capital inflows from domestic institutional investors combined with a sharp rally across Asian peers. Traders point to these twin forces as key supports for equities, helping to sustain momentum even as global markets navigate mixed signals. What’s driving the rally? Two main dynamics are at play. First, … Read more
Filing an income tax return isn’t always final. Small slips—wrong bank details, missed deductions, or omitted income—can be fixed by submitting a revised return. But a crucial step often overlooked is verification: a revised return must be verified within 30 days, or it risks being treated as invalid. For a specific group of filers, the … Read more
Silver jumps Rs 4,000 to Rs 2,41,400 per kilogram Silver prices rose sharply, climbing by ₹4,000 to close at ₹2,41,400 per kilogram. That represents an increase of about 1.7% from the previous level of ₹2,37,400 per kg. In everyday terms, the move puts silver at roughly ₹2,414 per 10 grams or about ₹241.40 per gram. … Read more
Currency markets feel the strain as foreign flows and importer demand rise Forex traders say two persistent forces have been weighing on investor confidence: steady foreign fund outflows and elevated dollar demand from importers. Together, these pressures are nudging local currencies lower and creating uncertainty for markets and policymakers. Why outflows and importer demand matter … Read more
Company says year-end incentive bump was routine, not linked to strike A popular food-delivery platform has clarified that the higher incentives paid to delivery partners on 31 December were part of its routine operational practice and were not connected to an ongoing gig workers’ strike. The company said the move followed normal scheduling and payment … Read more
Currency markets under pressure as outflows and import demand weigh on sentiment Forex traders say persistent foreign fund outflows combined with strong dollar demand from importers have dented investor sentiment, leaving currency markets more vulnerable to sharp moves. The twin forces have kept pressure on many emerging market currencies and raised concerns about renewed volatility. … Read more
Scale of unclaimed deposits in Indian banks As of 2024, unclaimed deposits sitting in Indian banks amount to ₹62,314 crore. These are funds in accounts that have not been operated for a long period, where the account holders or nominees have not claimed the balances. The total has risen noticeably since 2021, reflecting a growing … Read more
SoftBank Chief Executive Masayoshi Son has made an “all in” bet on OpenAI as part of a broader push to channel more capital into artificial intelligence and the infrastructure that supports it. This move reflects a clear strategic pivot for SoftBank, reasserting the company’s position at the center of rapid change in the tech landscape. … Read more
Spot gold climbed 1.3% to $4,372.02 per ounce as of 03:57 GMT, regaining ground after touching a record high of $4,549.71 on December 26. The move highlights ongoing investor interest in the precious metal as markets weigh inflation, central bank actions, and shifting expectations for interest rates. Why gold rose again Several factors tend to … Read more