The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses.
More Indians are reporting nine-figure incomes on tax returns. The number of these high-earners rose to 576 in the 2025-26 assessment year. This figure represents a fourfold increase from five years prior. The government is implementing measures to reduce income inequality. These measures include progressive taxation and increased social spending.
Early trading saw the S&P 500 rise 0.8%, recovering after two consecutive weeks of losses. The Dow Jones Industrial Average advanced 581 points, while the Nasdaq Composite gained 1%.
Analysts anticipate the Indian rupee entering a stable phase soon. Global crude oil prices will continue to significantly influence the currency’s movement. Sustained high oil prices may increase inflation and widen India’s current account deficit. However, a steep depreciation in the rupee is not expected by experts. The Reserve Bank of India’s monetary policy meeting
India’s government has not estimated E20 fuel compatible vehicles nationwide. However, the ethanol blending program is scientifically validated and consultative. Studies and industry data confirm E20 fuel is safe for vehicle use. Legacy vehicles showed no significant performance variations or wear on E20. Manufacturers continue honoring warranties for vehicles using the blended fuel.
Improving relations between Iran and the US, softer crude oil prices and other supportive factors boosted investor confidence. Buying was broad-based.
India’s textile sector faces US market pressure despite a 10% tariff rate. Competitors received tariff-rate quota exemptions which India missed out on. This absence weakens India’s overall competitiveness against rival nations. However, India remains a relative beneficiary of the revised US tariff framework. Future investigations could expose India to additional tariffs, necessitating trade deal negotiations.
ITR filing FY 2025-26: Many individuals are unsure about whether they are required to file their income tax return or not at a particular income level. An income tax return needs to be filed if your taxable income is more than the basic exemption limit.
ChangXin Memory Technologies or CXMT, China’s largest manufacturer of DRAM chips, raised 57.92 billion yuan ($8.6 billion) through Asia’s biggest initial public offering this year.
