Business

Business

Oil price today: Crude continues to trade beyond $95 per barrel

Oil prices took a minor dip on Thursday following a turbulent trading day. Investors are closely monitoring the repercussions of the US-Iran strikes on oil supply lines. Activity in the Strait of Hormuz is currently lower than average. This disruption fosters worries regarding global oil availability and possible price hikes as countries explore alternative sources

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Business

Rs 30 lakh salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh tax penalty

What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-filing not been detected, Aggarwal might not have filed his ITR at all. This, in turn, would have meant that his salary and

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Business

Indians cash in idle gold: Rs 20 lakh for a home, Rs 80 lakh for US degree & business

What is changing is what a younger generation wants it to do with idle gold. For some, the jewellery in the locker is no longer something to preserve indefinitely. It can become a house, an education, a business or an investment.

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Business

Yolo meets SIP: How Gen Z is rewriting money rules & mistakes they should avoid

Gen Z is one of the more financially aware generations, focusing on financial independence and investing rather than just saving. YOLO? Sure. But Gen Z is also thinking, “How do I make my money work for me?”

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Business

Uber lays off 3,300 employees as it restructures for faster growth

Uber is cutting approximately ten percent of its global workforce, impacting about thirty-three hundred employees. This major restructuring aims to reduce management layers and simplify company operations. Resources will be reallocated towards core ride-hailing, delivery, and robotaxi businesses. The company is also tightening remote-work policies, requiring most staff to return to offices. These changes are

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Business

‘To bring more clarity’: Centre issues FAQs after oppn red flags GDP figures

The government released FAQs to explain its GDP estimation methods. This clarification addresses opposition concerns regarding recent growth figures. The government said the updated annual and quarterly GDP estimates, based on the 2022-23 base year, were released on August 31 using new data sources and methodologies, including the new series of the Output Producer Price

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