India and Japan elevated their trade and strategic ties with a new Memorandum of Cooperation signed during the 16th Annual Summit in New Delhi. Prime Minister Modi welcomed his Japanese counterpart, highlighting shared priorities for a free and prosperous Indo-Pacific. The leaders discussed initiatives to boost Japanese investment in India, aiming for significant growth in
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. For the financial year 2025-26, the basic exemption limit for individuals below 60 years of age is Rs 2.5 lakh under the old income tax regime and Rs 4 lakh under the new income tax regime.
India stands to save a staggering Rs 1 lakh crore by 2030 if electric vehicles capture 20% of the market, a recent SBI report reveals. The surge in EV adoption, accelerated by geopolitical events, saw registrations jump significantly. However, the report emphasizes the urgent need to expand charging infrastructure and implement a long-term EV roadmap
OpenAI reportedly explored offering the Trump administration a 5% stake, a move aimed at fostering government ties and addressing public profit-sharing concerns amid rising AI scrutiny. Discussions, involving Sam Altman and Trump officials, are conceptual, potentially requiring congressional approval. This comes as AI firms face pressure over job impacts, cybersecurity, and data centers, with some
Top stock market recommendations: REC, Oberoi Realty, and Home First Finance Company India have been recommended by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management as top stocks to buy on July 2, 2026. He has also shared his views on Nifty and Bank Nifty.
Employees’ Provident Fund Organisation (EPFO) services remain unavailable beyond the scheduled July 1 deadline due to a planned database consolidation and software upgrade. This outage, affecting member and employer portals, prevents access to crucial functions like claim submission and e-passbook. Meanwhile, a new EPF Scheme, 2026, has been notified, introducing digital reforms and simplified withdrawal
Digital payment volumes saw a slight dip in June, with UPI transactions falling 2.1% month-on-month. Despite this, daily UPI activity remained robust, and year-on-year growth continues to impress. Other payment systems like FASTag and IMPS also experienced sequential declines, though yearly figures show mixed trends, indicating a dynamic digital payments landscape.
India’s passenger vehicle sector kicked off FY27 with robust June sales, fueled by strong demand for SUVs and EVs. Tata Motors saw a remarkable 69% surge, driven by popular models and record EV figures. Maruti Suzuki maintained its lead with a 19.3% increase, while Mahindra & Mahindra also reported significant growth. Despite a temporary production
Foreign investors returned as net buyers in June, injecting $531 million into Indian markets after a period of outflows. This positive shift was driven by substantial inflows into sovereign debt, totaling $5.8 billion, which more than compensated for continued equity selling. The debt market’s strong performance signals renewed international confidence in Indian government securities.
