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Amazon to pay more than $580 million to settle tax probe in Italy

Amazon has settled a tax dispute with Italy’s tax agency for 510 million euros. However, Milan prosecutors are not in agreement with this settlement. They plan to continue their criminal investigation into Amazon. This is one of several cases involving…

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AI’s gold rush isn’t about inventing, it’s about adopting, Nadella says as Microsoft bets $17.5B on India

Microsoft CEO Satya Nadella emphasised that rapid AI adoption, not just invention, will determine winners in the global race. He highlighted India’s unique position to accelerate in the AI era, announcing a record $17.5 billion investment to build infrastructure, skills,…

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India’s IndusInd Bank chairman to step down in January amid organisational overhaul, sources say

INDIA-BANKS-INDUSIND-India’s IndusInd Bank chairman to step down in January amid organisational overhaul, sources say

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ADB sharply revises upward India’s GDP growth to 7.2pc for FY26

The Asian Development Bank has significantly upgraded India’s FY26 growth forecast to 7.2%, driven by robust domestic consumption boosted by recent tax cuts. This upward revision also lifts Asia’s growth projection. India’s strong performance in the first half of FY26…

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SEBI undertaking comprehensive review of MF, stock broker and LODR regulations: chairman

Delivering the keynote address at the ETBFSI Converge Summit 2015, Tuhin Kanta Pandey said that SEBI will propose the idea of a consolidated financial asset statement for households, with all financial assets reflected in one place, in the inter-regulatory forum.

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Amazon to invest $35 billion in India to scale AI and logistics operations

Investment to deepen AI, cloud and fulfilment infrastructure as India emerges as a core global growth market.

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News

  • Made a mistake in your tax return? Here's how to correct it even after receiving a refund

    Taxpayers can correct mistakes in their income tax return by filing a revised return without facing penalties. The deadline for revisions is now extended to March 31 of the following year. 

  • Can investing in an under construction property help you save capital gains tax? Check Section 54 rules

    Investing capital gains in an under construction residential property is permissible for claiming the tax exemption, but there are strict timelines

  • Switched jobs? Here's why you should transfer your EPF balance instead of leaving it behind

    When changing jobs, employees often have multiple EPF accounts linked to the same UAN. Transferring these to the current account simplifies management, preserves service history, and eases withdrawals.

  • Wrong EPF nominee can make your nomination invalid; Who is eligible and how to update or change it

    EPF accounts require members to nominate beneficiaries for their accumulated funds and benefits. Ineligible nominations can invalidate claims. Here's who qualifies as a nominee and how you can update or change nominee details.

  • TCS on car purchases explained: Who pays it, how to claim a refund?

    The sale of motor vehicles above a specified value attracts TCS under Section 206C(1F). As per the provision, car dealers or sellers must collect TCS from buyers when the sale consideration of a motor vehicle exceeds Rs. 10 lakh

  • ITR filing 2026: 5 mistakes that could cost salaried taxpayers dearly

    Tax filing mistakes often come to light only after a return is submitted, leading to refund delays, tax demands or compliance hassles. From unreported income to Form 26AS mismatches, here are five errors taxpayers should avoid while filing their ITR.

  • ITR filing 2026: Can presumptive taxpayers switch between old and new tax regimes every year?

    The new tax regime is now default for taxpayers, allowing salaried individuals to choose annually between old and new options. Business income earners face restrictions. Here are the rules that apply to presumptive taxpayers. 

  • Understanding arbitrage funds: Strategy, returns, benefits, risks and key considerations

    Arbitrage funds are a type of hybrid mutual fund that aims to generate returns by taking advantage of price differences in the cash and futures markets. These funds must invest at least 65% of their assets in equities and equity-related instruments while following an arbitrage strategy.

  • EPF withdrawal limits 2026: Marriage, education, home purchase explained

    EPFO allows members to withdraw a portion of their provident fund savings for education, marriage, housing and home-loan repayment, subject to specified conditions. Here is a breakdown of the eligibility criteria and maximum withdrawal limits under the latest EPFO guidelines.

  • ‘I need to reconsider moving back’: NRI shocked after calculating what it really costs to live in Bengaluru or Mumbai

    An expat in New Zealand underestimated living costs in India, believing ₹60,000 would suffice for a family of four. A financial advisor revealed that modern expenses in cities like Bengaluru exceed ₹2.5-3.5 lakh monthly, urging NRIs to reassess their relocation assumptions carefully.

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