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Business

ITR filing FY 2025-26: What Part A and Part B of Form 16 tell salaried taxpayers – explained

ITR filing FY 2025-26: The deadline to file ITR for salaried taxpayers is July 31, 2026. In case you are confused about what details your Form 16 has and what are the top things to check in it, we have you covered.

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Business

Silent layoffs: Around 35,000 tech jobs may be eliminated this year; India’s IT sector sees AI shift

The latest trend reflects a new phase in the restructuring of India’s IT services industry, which is valued at over $315 billion. Companies are continuing to rationalise the workforce built up during the pandemic hiring surge after grappling with weaker business conditions over the past three years.

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Business

Gold rush: India’s holdings of US Treasuries fall to near 6-year low; points to shift in RBI strategy

The strategic importance of gold came into sharper focus in 2022 after Western sanctions led to the freezing of a substantial portion of Russia’s foreign exchange reserves. The episode underscored gold’s value as a reserve asset.

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Business

India-Australia-Canada form tech triangle: New pact to boost AI, critical minerals and supply chains

India, Australia, and Canada will enhance technology and innovation cooperation through a new partnership. This pact aims to boost collaboration in critical and emerging technologies for mutual benefit. The agreement will focus on green energy, resilient supply chains, and critical minerals development. Leaders also discussed deepening defense, security, and economic ties between India and Australia.

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Business

India flags inconsistencies in US approach to Section 301 forced labour law, points to selective exemptions

India questions US plans for new tariffs linked to alleged forced labor practices. New Delhi argues the US approach contains inconsistencies and prefers bilateral trade negotiations. Proposed tariffs could increase costs for Indian exporters and American consumers alike. India maintains its constitutional framework prevents forced labor and refutes US claims. The US Trade Representative is

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Business

India-Australia ties: Early trade pact, $500 million investment, clean energy and more —Top highlights from PM Modi’s visit

India and Australia are strengthening economic ties and bilateral cooperation. Prime Minister Modi invited Australian businesses to invest in India’s expanding economy. AustralianSuper announced a significant new investment in India’s infrastructure fund. Discussions covered opportunities in clean energy, critical minerals, and technology sectors. Both nations aim to expand cooperation in trade and emerging sectors.

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Business

Crude nears $80 a barrel again after Trump declares US-Iran ceasefire ‘over’

Global oil markets are experiencing renewed chaos as crude prices surged significantly. US President Donald Trump declared the ceasefire agreement with Iran was over. Fresh US military strikes on Iranian targets heightened fears of supply disruptions. Maritime authorities raised the threat level for vessels transiting the strait. The rise in oil prices renews concerns over

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