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Indian shares open flat as oil slide offsets drop in IT after Fed decision

Indian stock markets opened flat on Thursday. Lower oil prices provided some support. However, information technology stocks declined. This followed the US Federal Reserve’s decision to hold interest rates steady. The Fed also indicated a possible rate hike later this…

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RBI allows banks to offer higher interest on NRI deposits to draw more foreign funds

The Reserve Bank of India (RBI) on Wednesday temporarily eased interest rate curbs on certain non-resident deposits to enable banks to offer higher returns on fresh FCNR(B) and NRE deposits with the aim of attracting more overseas funds to prop…

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India-UK free trade deal to take effect on July 15, opening 99% of exports to tariff-free access

India and the UK’s Comprehensive Economic and Trade Agreement (CETA) will take effect on July 15, granting 99% of Indian exports tariff-free access. The pact, announced by Prime Ministers Modi and Starmer, also includes a social security agreement for temporary…

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Jio denies any role in BGP hijacking after Telegram CEO Pavel Durov allegations

Reliance Jio has denied allegations of sabotaging Telegram access outside India. Telegram CEO Pavel Durov claimed BGP hijacking was used. Experts note ambiguity in Durov’s statements, with one mentioning Reliance Communications (AS18101) and a snapshot showing the same. Reliance Jio…

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Financial Intelligence Unit puts large crypto OTC deals under scanner, asks exchanges for trade data

Indian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data from major crypto exchanges for transactions exceeding $10,000. This move aims to combat money laundering and track beneficial owners. These off-market deals are insulated…

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AI talent gap leaves IT firms scrambling for forward deployed engineers

Indian IT firms are facing a shortage of Forward Deployed Engineers (FDEs), crucial for AI adoption and client-site customization. To compensate, companies are bundling multiple specialist roles into a single FDE, leading to clients not receiving the expected deep tech…

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No ITR filed despite ₹30 lakh salary: Delhi ITAT explains why ₹3.74 lakh penalty was deleted
A salaried taxpayer earning over ₹30 lakh did not file his ITR and was later fined ₹3.74 lakh for under-reporting income. Delhi ITAT deleted the penalty after finding that he disclosed his full income and the tax department accepted it without additions.
CGHS medical reimbursement rules clarified: Know ₹3,000 test limit, referral rules for employees and pensioners
CGHS has clarified rules on follow-up consultations, diagnostic tests and medical reimbursements for central government employees and pensioners. Tests costing up to ₹3,000 generally need to be done at the same hospital, while costlier investigations may require CGHS referral.
Three habits young professionals can’t afford to skip
Three habits—from reading beyond your field to questioning your assumptions—that can help young professionals stay ahead.
Freelancers earning income from US IT companies: Key FAQs answered on tax calculation, TDS, GST and ITR filing
Indian freelancers earning from US IT companies need to correctly report income, convert dollar earnings, claim expenses, and comply with ITR, DTAA, GST, and foreign-income rules. 
Husband deposits his income in wife's bank account: Is she liable to pay tax? Here's what ITAT ruling says
A ₹71.56 lakh cash deposit in a wife’s bank account came under the tax department’s scrutiny after she said the money was received from her husband. The Pune ITAT has now ruled on whether the same amount could be treated as unexplained income. 
Reverse migration? Is cash finding its way back as currency with public surges to ₹41.8 lakh crore?
At present UPI has nil charges, similar to cash transactions. However, if this changes and MDR charges are passed to customers, the public could shift towards cash. Already the margin between cash and UPI transactions is narrowing, as per a report.
Foreign asset disclosure scheme 2026: How to calculate market value of different overseas holdings — check rules
The Foreign Assets of Small Taxpayers Disclosure Scheme 2026 allows eligible taxpayers to declare certain foreign assets and income. Valuing these assets correctly is important, with different rules for shares, bank accounts, property, and other assets. 
8th pay commission: What's on the agenda for upcoming states visits and meetings? Check top updates
8th pay commission: What's on the agenda for the panel's upcoming states visits in August and September? Check top updates for the planned meetings in Jaipur, Chennai, Chandigarh, Puducherry and Mumbai.
Fact Check: Did PM Modi announce free 1-tola gold scheme on Independence Day? Here's what the PIB unit says
A viral video featuring PM Modi has been circulating on social media, claiming a free 1-tola gold for Aadhaar card holders. Here's what PIB Fact Check reveals about the alleged scheme and the authenticity of the viral video.
DA hike: BMS stages protest at Jantar Mantar to push demands — Minimum pension, OPS, labour codes on charter
The Bharatiya Mazdoor Sangh protested in Delhi today, urging the government to address long-standing demands for employees, pensioners, and unorganised workers, including a minimum wage of ₹30,000 and job security for contract workers.