Man sold his house and bought a Rs 1.10 crore flat jointly with wife; income tax department denies Rs 55.48 lakh capital gains exemption for half the amount, but ITAT Mumbai gives full relief

Man sold his house and bought a Rs 1.10 crore flat jointly with wife; income tax department denies Rs 55.48 lakh capital gains exemption for half the amount, but ITAT Mumbai gives full relief

The Assessing Officer restricted the deduction by approximately Rs 55 lakh. (Image for representative purpose only) You sell a property and reinvest the money you get from the sale in another property, and claim capital gains exemption in your income tax return. The catch however is that the property you buy as a replacement is … Read more

Global freight costs surge 130% as Middle East tensions continue to rattle shipping routes: Report

Global freight costs surge 130% as Middle East tensions continue to rattle shipping routes: Report

Global container freight rates have surged by 130 percent Global container freight rates have climbed 130% since February 2026, with renewed tensions in the Middle East driving up shipping costs. India’s container-based export-import trade, however, continues to expand, according to a Jefferies report.The surge marks a reversal after a prolonged period of easing freight rates. … Read more

Renting a house in UP? Proposed Rs 1,000 stamp duty on Rs 2 lakh annual rent aims to cut costs, boost registered rent agreements and protect tenants and landlords, here’s how

Renting a house in UP? Proposed Rs 1,000 stamp duty on Rs 2 lakh annual rent aims to cut costs, boost registered rent agreements and protect tenants and landlords, here’s how

One drawback of verbal or unregistered rental arrangements is the difficulty of establishing proof. (Image for representative purpose only) Recently, the Uttar Pradesh government announced plans to revamp the state’s tenancy rules, including changes to the stamp duty and registration charges that are applicable to rental agreements.At a press conference, Ravindra Jaiswal, Minister of State … Read more

‘Geography is real’: Rubio says India-US trade deal close, explains Trump admin’s stance on Russian oil

‘Geography is real’: Rubio says India-US trade deal close, explains Trump admin’s stance on Russian oil

US Secretary of State Marco Rubio NEW DELHI: US secretary of state Marco Rubio on Monday said that India and the US are close to finalising a trade deal. He also explained the reason behind Washington’s consideration of India energy needs before imposing sanctions or tariffs linked to Russian oil.Speaking to reporters in Samarkand, Uzbekistan, … Read more

Sugar stocks tumble today: Bajaj Hindusthan, Renuka Sugars plunge up to 5%; here’s why

Sugar stocks tumble today: Bajaj Hindusthan, Renuka Sugars plunge up to 5%; here’s why

Sugar stocks slip after govt’s latest ethanol procurement tender NEW DELHI: Sugar stocks turned sour on Monday, tumbling over 5% after the government halted sugar-based ethanol supplies for 2026-27.Bajaj Hindusthan Sugar led the losses among the listed companies, with its shares falling 5.22% to Rs 20.16 on the Bombay Stock Exchange in early trade. Dwarikesh … Read more

Bank holiday this week: When and where will banks remain shut from October 19 to 25? Check state-wise list

Bank holiday this week: When and where will banks remain shut from October 19 to 25? Check state-wise list

India has officially entered the festive season, with celebrations lined up one after another. But while the calendar fills up with festivals, bank customers may want to keep an eye on another list: the October bank holidays.Before setting out for a branch visit, it is worth checking whether the bank is open or taking a … Read more

Top stocks to buy: Stock recommendations for October 19, 2026 week – check list

Top stocks to buy: Stock recommendations for October 19, 2026 week – check list

Stock market recommendations: Radico Khaitan, and Bharti Airtel – Motilal Oswal Wealth Management Research Desk has recommended these as the top stocks to buy for the week starting October 19, 2026. Let’s take a look: NAME CMP (15th Oct) TP (Rs) Upside (%) Radico Khaitan 4419.75 5,350 21% Bharti Airtel 1852 2,250 21% Radico KhaitanRadico … Read more

PNB ventures to win back young customers

PNB ventures to win back young customers

The move is part of an exercise to win back customers who have flocked to more nimble private banks in recent years NEW DELHI: From facilitating loans to startups to special savings accounts for students and credit card offers, state-run Punjab National Bank (PNB) is rolling out the red carpet for young customers.“Every young person … Read more