Trust-based tax push faces a backlash as automated alerts misfire India’s move toward a trust-based tax compliance system aims to make filing simpler and reduce disputes. But the rollout of automated “NUDGE” alerts — messages sent to taxpayers suggesting possible issues based on data matches — is showing a worrying side-effect: a flood of false … Read more
Revised ITR vs Belated ITR — the essentials When it comes to income tax returns, two terms often cause confusion: revised ITR and belated ITR. Both deal with returns filed after the usual filing activity, but they serve different purposes and have different consequences. Here’s a clear, practical breakdown to help you decide which applies … Read more
Record surge pushes silver futures to a fresh high Silver futures for the March 2026 contract on the Multi Commodity Exchange (MCX) climbed sharply, jumping ₹8,951 or 4% to an all-time high of ₹2,32,741 per kg. The rally has been steep: the white metal has rallied ₹29,176 or 14.33% since December 18. What drove the … Read more
Rupee closes lower at 89.86, pares earlier losses At the end of trading on Friday, the Indian rupee settled at 89.86 to the US dollar (provisional), slipping 15 paise from its previous close. The move shows the currency gave up some earlier gains but avoided a larger slide as market participants balanced domestic and global … Read more
Private equity move aims to fold Bengaluru chain into a larger food platform A Dubai-based private equity firm is exploring a plan to fold a Bengaluru-based restaurant chain into a larger food platform. The strategy reflects a wider push by investors to back mid-sized dining brands and create consolidated, scalable businesses in the food and … Read more
Domestic gold hits record high after global rally Domestic gold prices climbed to a new record of 139,286 rupees per 10 grams (about $1,550.34) on Friday, following a fresh rally in international spot gold. The jump underlines persistent demand for safe-haven assets as global markets react to shifting economic signals. Why prices moved up International … Read more
Early trade: Sensex and Nifty slip as caution returns to the market Indian benchmark indices opened lower in early trade, with the 30-share BSE Sensex slipping 183.42 points to 85,225.28 and the 50-share NSE Nifty dipping 46.45 points to 26,095.65. The move reflects a cautious start as investors weighed near-term risks against longer-term themes. Quick … Read more
Markets on Edge as Currency Sentiment Sours Forex traders say investor mood has weakened as a mix of factors weighs on the local currency. A slide in domestic equities, stronger demand for dollars from importers, and lingering uncertainty around a key trade deal have combined to sap confidence and raise volatility in currency markets. What … Read more
Timing of NASSCOM’s Response The industry body’s statement arrives as the U.S. government moves away from the long-standing random lottery that selected beneficiaries for certain work visas. The change shifts how applicants are chosen and immediately raises questions for companies that depend on foreign talent for technical and professional roles. What changed in the visa … Read more
Many taxpayers are choosing the new tax regime because it promises a simpler life — often a lower or similar tax bill while removing the need to gather and submit proof for multiple deductions. That convenience is especially attractive for people who prefer fewer paperwork hassles and a cleaner year-end tax process. What makes the … Read more