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US tariffs on India’s Russian oil imports impacting Moscow, says NATO chief

NATO Chief Mark Rutte claims US tariffs on India over Russian oil impact Moscow. Rutte says Narendra Modi contacted Vladimir Putin for clarity on Ukraine strategy after tariffs. Donald Trump earlier imposed tariffs on India for buying Russian oil. Trump…

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Why India Inc CFOs need to become new chief business and future officers

Chief Financial Officers in India are adapting to a more strategic role. They are becoming co-pilots to CEOs, driving transformation and tracking numbers. Adaptability and business leadership are key traits for the new-age CFO. They are uniquely positioned to contribute…

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Govt tracks GST rate cut benefits, field reports due by September end

The central government is checking if companies are giving Goods and Services Tax benefits to buyers. Field reports will decide enforcement after September. Over 50 products are under review. Tax cuts reflect in almost 90 per cent of sectors. An…

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GST 2.0 for hotels: Complex realities for businesses demanding smart strategies

India’s hospitality sector is poised for growth with reduced GST rates on hotel accommodations up to Rs 7,500, effective September 2025. While consumers benefit from lower taxes, hotels face challenges due to the denial of Input Tax Credit, requiring careful…

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India’s duty-free liquor sales outpace domestic market with 13% growth in 2024

Liquor sales at Indian airports are booming. Duty-free and travel retail saw 13% growth, outpacing domestic beverage sector. Whisky dominates, growing 12%. Passenger numbers are expected to rise. Global travel retail is vital for drinks companies. India’s middle class and…

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‘Double standards evident’: EAM Jaishankar takes a shot at US over Russian oil; sends big message on terror

S Jaishankar addressed the G20 Foreign Ministers’ meeting, criticizing double standards in energy purchases, particularly regarding Russian oil, and emphasizing the need for dialogue and diplomacy to address global conflicts. He highlighted the impact of conflicts in Ukraine and Gaza…

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  • Moved abroad, selling mutual funds to buy a house in India? Know the tax rules

    A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.

  • Small-cap funds were the worst-performing equity category in October. Which funds held up and which lagged behind?

    Small-cap mutual funds were October's worst-performing equity category, falling 5.83%. Invesco Small Cap Fund limited losses to 2.98%, while Tata Small Cap Fund plunged 11.16%. Here are the best and worst-performing schemes and how other equity categories fared.

  • Bank interest not reported in ITR? ITAT ruling explains when taxpayers can escape income tax penalties

    ITAT Delhi deleted a ₹3.08 lakh penalty on a salaried taxpayer who omitted ₹4.49 lakh in bank interest from his ITR. The tribunal cited a bona fide omission and an improperly worded penalty notice under Section 270A.

  • Technology funds delivered 6.3% returns in October, while no other category crossed 1%: Here’re the top performing funds

    Technology mutual funds delivered an average 6.29% return in October 2026, while no other equity mutual fund category crossed 1%. HDFC Technology Fund led the 13 schemes with an 11.54% gain. Here are the top performers and their AUM.

  • Buying a car on Dhanteras, Diwali 2026? You could get at least ₹10,000 as tax refund next year — here's how

    Buyers of motor vehicles priced above ₹10 lakh pay 1% TCS, which can be claimed as a tax credit when filing an income tax return. Here's the entire process, other details.

  • Going abroad for a holiday? How to split your travel budget between cash, forex cards and credit cards to save money

    Going abroad for a holiday? How you split your travel budget between cash, forex cards and credit cards can affect your overall expenses. Know the ideal allocation, compare forex charges and avoid costly ATM withdrawals and currency conversion fees.

  • Mandaviya rolls out EPFO services through WhatsApp: Check PF balance, passbook and latest transactions on your phone

    Union Labour Minister Mansukh Mandaviya has launched WhatsApp services for EPFO members, allowing them to check their PF balance, access passbook details and view their latest five transactions. The facility will also offer assistance under the PMVBRY scheme.

  • E100-compatible cars in India: Will motor insurance premiums rise, and what happens to coverage and claim settlements?

    E100-compatible cars may not attract higher motor insurance premiums, but buyers should check policy exclusions, engine protection add-ons and fuel-related damage coverage. Here is what insurers say about premiums, coverage and claim settlements.

  • GST refund new rules from November 1: here's what changes for businesses

    The 57th GST Council approved phased process reforms starting November 1, 2026. Here's what changes for businesses in terms of receiving GST refunds. 

  • GST registration new rules from Nov 1: How small online sellers can expand across states — everything you need to know

    The new Rule 14B allows eligible sellers using e-commerce platforms to obtain GST registration in states where they have no physical presence by declaring an e-commerce operator's warehouse as their principal place of business. 

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