The Income Tax Department begins processing refunds only after a taxpayer completes e-verification of the return. Income tax refund status: Have you filed your income tax return within the deadline? Were you eligible for a refund and are wondering when the amount will be credited in your bank account? The deadline for filing Income Tax … Read more
CHENNAI: Flagging that “free is the most expensive word in public policy”, chief economic adviser (CEA) Anantha Nageswaran said infrastructure built on the promise of free or below-cost services cannot attract patient capital. “What makes infrastructure worthy of patient capital? There are three conditions: quality infrastructure, contract certainty, and policy certainty. And the fourth, which … Read more
The Centre has once again revised the windfall tax on fuel exports, raising duties on petrol, diesel and aviation turbine fuel (ATF) for the next fortnight while keeping domestic fuel duties unchanged.According to a finance ministry notification, the revised special additional excise duty (SAED) will come into force from August 3.The SAED on diesel exports … Read more
Despite softer demand in the domestic market, export orders strengthened in July. India’s manufacturing sector saw its slowest pace of activity expansion in nearly five years in July, according to HSBC India Manufacturing Purchasing Managers’ Index (PMI) data released on Monday.However, the manufacturing activity remained in expansion territory with the seasonally adjusted HSBC India Manufacturing … Read more
High frequency indicators, including industrial output and GST collections, point to resilient domestic activity. MUMBAI: RBI is expected to leave interest rates unchanged at its monetary policy committee meeting on August 5 as economists see little case for an immediate policy move despite rising inflation risks, with rupee being stable, resilient domestic growth and uncertainty … Read more
China’s share in India’s foreign direct investment (FDI) approvals remained largely negligible in 2025-26, with the government approving just one proposal worth Rs 1 crore during the year. In comparison, 13 proposals from Hong Kong, together worth Rs 610.42 crore, received approval, according to official data. These approvals fall under India’s investment screening rules for … Read more
Trump had claimed that blocking was politcally motivated US President Donald Trump’s family business Trump Organization has been accused by Capital One of having its bank accounts closed following an internal anti-money laundering (AML) review, according to a court filing amid ongoing legal battle.In a court filing on Friday, the bank said the account closures … Read more
MUMBAI: Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet. It is looking to raise around Rs 1,000 crore through the round at a … Read more
Samudra Manthan scheme expected to add over 600 MMTOE of reserves and will be implemented through FY 2030-31. (Representative image) On August 15, 2025, Prime Minister Narendra Modi spoke of energy security, announcing the National Deep Water Exploration Mission. “To make the country developed, we are now moving towards ‘Samudra Manthan’ (churning of the ocean). … Read more
PM Modi inaugurated the airport Andhra Pradesh got an aviation boost on Saturday as Prime Minister Narendra Modi inaugurated the Alluri Sitarama Raju International Airport at Bhogapuram in Vizianagaram district. The inauguration comes as PM Modi is headed for a two state visit to Andhra Pradesh and Karnataka.During the visit, he laid the foundation stone, … Read more