US firm pitches transport plane to Indian Air Force amid big purchase plans

US firm pitches transport plane to Indian Air Force amid big purchase plans

Lockheed Martin pitches C-130J as solution for India’s tactical airlift needs Lockheed Martin has presented its C-130J military transport aircraft as the “best” option to meet the Indian Air Force’s tactical airlift requirement, and has proposed establishing a production hub in India. New Delhi is preparing to buy up to 80 military transport planes as … Read more

How to declare overseas restricted stock units in your income tax return

How to declare overseas restricted stock units in your income tax return

Declare dividend income when filing your tax return If you received any dividends on shares during the calendar year, it’s important to report them when you file your income tax return. Dividends must be shown under the appropriate schedule of the return — in many systems that is Schedule OS (Other Sources) where dividends are … Read more

Rupee inches up three paise to about 90 against US dollar in early trade

Rupee inches up three paise to about 90 against US dollar in early trade

Rupee inches higher in early interbank trade The Indian rupee opened the interbank foreign exchange market at 89.98 against the US dollar and then strengthened to 89.95, marking a gain of 3 paise from the previous closing level. The modest move reflects early-session sentiment as traders respond to domestic and global cues. What this small … Read more

Investment shift moves weight from China and Indonesia toward India and Taiwan

Investment shift moves weight from China and Indonesia toward India and Taiwan

Jefferies shifts Asia Pacific ex-Japan bets toward India and Taiwan Global investment bank Jefferies has adjusted its Asia Pacific ex-Japan relative-return portfolio, boosting allocations to India and Taiwan while trimming exposure to China and Indonesia. The firm pointed to evolving macroeconomic conditions and differences in near- to medium-term growth prospects across the region as the … Read more

Gold and silver soar to record highs then tumble as margin hikes spark selloff

Gold and silver soar to record highs then tumble as margin hikes spark selloff

Gold jumped to $4,584 an ounce and silver climbed to $82.67 before both metals pulled back after the Chicago Mercantile Exchange raised margin requirements. The margin hikes pushed many leveraged traders to reduce or close positions, amplifying short-term volatility in futures markets. Why the metals spiked The initial rally reflected a mix of factors that … Read more

Sensex falls 346 points for fourth day on foreign outflows and thin trading

Sensex falls 346 points for fourth day on foreign outflows and thin trading

The benchmark index saw notable weakness among several large-cap names, with a cluster of familiar stocks underperforming the broader market. From the 30-Sensex firms, names such as Adani Ports, HCL Tech, Power Grid, Trent, Bharat Electronics and Bharti Airtel emerged as some of the biggest laggards. Their underperformance highlights how sector-specific pressures and broader market … Read more

Indian rupee slips to near 90 as it falls eight paise against dollar today

Indian rupee slips to near 90 as it falls eight paise against dollar today

Foreign capital outflows and importers’ dollar demand weaken market mood Forex traders say the currency market has been under pressure as persistent capital withdrawals by foreign investors combine with stronger dollar demand from importers. The twin forces have chipped away at investor sentiment, driving volatility and heightening concern about exchange-rate stability. What traders are seeing … Read more