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India’s big IT ends recruitment freeze, but only for niche skills

​These companies—Tata Consultancy Services, Infosys, HCLTech, Wipro and Tech Mahindra—posted a net reduction of 2,500 employees in calendar year 2024, when the IT sector was cutting excessive workforce it had built up during the Covid-19 pandemic. They employed more than…

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NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rules

Complex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to 31.2% of sale proceeds stuck. Budget 2026 should simplify Tax Deducted at Source (TDS) compliance for home buyers to ease this burden and…

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EU scrambles to avert Trump Greenland tariffs, prepares retaliation

Greenland tariffs: Trump vowed on Saturday to implement a wave of increasing tariffs from February 1 on EU members Denmark, Sweden, France, Germany, the Netherlands and Finland, along with Britain and Norway, until the U.S. is allowed to buy Greenland,…

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Gold, silver jump to record highs on Trump tariff threats over Greenland

Gold and silver prices reached record highs as escalating U.S.-Europe trade tensions drove investors to safe-haven assets. President Trump’s threat of new tariffs on European countries over Greenland prompted a broad risk-averse market move, with U.S. stock futures and the…

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Sun Pharma looks to rise in US with $10 billion Organon buy

India’s largest drugmaker, Sun Pharma, is considering a major acquisition. The company is evaluating the purchase of US-based Organon, a specialist in women’s health. This potential deal is valued at around $10 billion. A successful acquisition would be a significant…

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Budget 2026: Luxury car makers seek duty reforms to spur premium car demand

Mercedes-Benz India advocates for reduced customs duties on imported luxury vehicles, which could enhance sales within the high-end market and ultimately elevate government tax revenues.

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News

  • EPFO: Submitted a claim? Here's what the status message means and timeline for settlement process

    Employees' Provident Fund Organisation: Today we look at how much time EPF claims take to be settled, what the status message means, and what subscribers can do to rectify any delays and complete the process.

  • A financial master sheet won't make you richer—but it could save your family from economic chaos

    A financial master sheet is a single document that records the family's financial and administrative details, showing what assets exist, where they are held, and where supporting documents are stored.

  • Why large-cap funds are losing their alpha edge post-2010: Key factors behind decline and what investors should do

    Large-cap funds have seen their alpha generation decline over the years compared with the Nifty 50 TRI. While funds outperformed strongly during 2000-2009, the advantage narrowed in the following decade and turned negative after 2020.

  • Not reporting bank interest or LTCG in your ITR? Avoid these 2 common tax filing mistakes

    Many taxpayers mistakenly assume that TDS-deducted income or tax-exempt LTCG need not be disclosed in their ITR. Such omissions can create mismatches with AIS and Form 26AS, leading to tax notices or adjustments even when no additional tax is payable.

  • Pay commission: Maharashtra approves incentive allowance at 30% of basic pay for Anti-Narcotics Task Force personnel

    The Maharashtra government has approved incentive allowance equivalent to 30% of basic pay for police officers and personnel in the Anti-Narcotics Task Force (ANTF) under the 7th central pay commission. 

  • ITR deadline 2026: Govt says portal can handle 1 cr returns daily; experts explain why you shouldn't wait until July 31

    The government says the income tax e-filing portal can process up to 1 crore ITRs a day, but experts say taxpayers should not mistake higher capacity for a risk-free last-day filing experience. Here's why they don't expect an extension yet, and why waiting until July 31 could still be costly.

  • Active large-cap funds closely mirror Nifty 50 index: New study finds 90% overlap in sectoral allocation

    Active large-cap funds may not provide as much diversification as many investors expect. A study shows their sector allocations and stock portfolios closely mirror the Nifty 50, with the overlap becoming even higher among the largest funds. 

  • ITR deadline tomorrow: What to select in the ‘reason for filing ITR’ field in your tax return form — Check here

    The income tax return filing season is nearing its end, with over 5 crore returns submitted. A significant question on the ITR form is causing confusion. Here's how to respond to it.

  • DA hike: West Bengal govt employees to get 20% dearness allowance increase, October salaries before Durga Puja, says CM

    DA hike: West Bengal state government employees will receive their 20% dearness allowance increase and salaries for October before Durga Puja festivities, according to Chief Minister Suvendu Adhikari. 

  • This EPFO error is silently hurting job prospects and hiring chances for several subscribers. Here's how

    EPF subscribers are facing issues with overlapping employment records and missing data on the EPFO portal after its recent system migration. Lawyers explain whether employers can reject your job application solely due to EPFO portal error.

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