The proposed HCL-Foxconn semiconductor plant will manufacture display driver chips for mobile phones, laptops, automobiles, and other devices, said I&B Minister Ashwini Vaishnaw while briefing the media on the decision taken by the Union Cabinet.
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India’s central bank is reviewing digital wallets linked to electric-vehicle companies after BluSmart’s collapse left users stranded with inaccessible funds. The RBI is concerned about the lack of safeguards for closed-loop wallets used for EV-related transactions. Consultations with EV charging…
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Income tax return forms 2025-26: The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to file the tax return are yet to be released. However, this year, ITR forms come with the…
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The ITAT Mumbai ruled that a gift from a stepsister to her stepbrother is exempt from income tax, overturning the tax department’s addition of Rs 7.88 crore (Rs 7.5 crore property+38 lakh stamp duty) to the stepbrother’s ITR. The tribunal…
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In April 2025, India’s Wholesale Price Index (WPI) showed a mixed month-on-month trend across major categories. The index for primary articles declined marginally by 0.11%, mainly due to a sharp drop in crude petroleum & natural gas (-5.31%) and non-food…
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Gold and silver prices see a dip as investors book profits. This follows a rise due to cooling US inflation. MCX gold futures trade lower. Silver futures also experience a decrease. Earlier gains occurred after positive inflation data. Geopolitical factors…
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