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Madras HC orders notice to I-T dept over discrepancies in TVK chief Vijay's asset disclosures

The Madras High Court has issued a notice to the Income Tax department. This follows a petition alleging contradictory asset disclosures by TVK chief C Joseph Vijay. Vijay submitted different asset values in nomination papers for two constituencies. The court…

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India growth resilient, markets near correction: HDFC Securities

India’s economy is set for robust growth. Real GDP is projected at 6.5 percent for FY26-FY27. Nominal GDP will expand between 10 to 11 percent. Inflation is expected to ease to 4.5 percent. Fiscal deficit targets are set at 4.3…

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Apple withholds data in India antitrust case, watchdog sets final hearing

India’s antitrust body is moving forward with a final hearing on penalties for Apple. The Competition Commission of India stated Apple has not provided requested financial data. Apple faces accusations of abusing its dominant position in the iPhone apps market.…

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India’s core sector growth contracts 0.4% in March 2026 to lowest level since August 2024

March 2026 brought unexpected challenges for India’s foundational industries, as the Index of Eight Core Industries reported a contraction of 0.4 percent.

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First tranche of India-US trade deal almost finalised: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said on Monday that the first tranche of the India-US bilateral trade agreement has almost been finalised, and a team of his ministry officials is in Washington for the discussions.

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IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'

Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment. This could cut the goods and services tax on tickets significantly. The current 40% tax is seen as too…

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8th Pay Commission fitment factor: Is the government considering employees' key demand? Here's what it said
The Centre has clarified that the 8th Pay Commission is not required to keep the government informed about its deliberations, including proposals on the fitment factor. It also declined to comment on employee demands, saying the Commission will determine its own procedure.
Over 5 crore ITRs filed for AY 2026-27: Income Tax Department urges taxpayers to file before July 31 deadline
With the July 31 ITR filing deadline approaching, the Income Tax Department says over 5 crore returns have already been filed for AY 2026-27. Here's who should file ITR-1, who needs ITR-2, and why you shouldn't wait until the last minute.
8th Pay Commission: How rise in annual increments from 3% to 5% could boost Level 1 employee pay over 5 years
The 8th Pay Commission may consider higher annual increments for central government employees as proposed by several prominent unions. A 5% increment scenario shows Level 1 basic pay rising from ₹18,000 per month to around ₹24,200 per month in five years.
ITR filing deadline: Can freelancers declare earnings as business income? Tax experts explain
Freelance income cannot always be reported as business income in ITR filings. Here is when earnings qualify as business income, salary, or other sources; common filing mistakes; presumptive taxation rules; and expert tips to avoid tax notices and ensure compliance before the 31 July deadline. 
ITR filing 2026: Why 31 July is not the deadline for all salaried taxpayers and who gets more time
The 31 July ITR filing deadline may not apply to all salaried taxpayers. The applicable due date depends on the taxpayer’s overall income profile, ITR form, and audit requirements. Those with business or professional income may get additional time. 
Large & mid-cap funds strike a balance: Higher returns than large-caps, lower volatility than mid-caps
Large & mid-cap funds have historically delivered a balance between returns and volatility. Over the past 5 years, the benchmark index gave 14% returns, compared with 10% for large-caps and 18% for mid-caps. 
PNB Housing Finance tops list of mutual funds' 10 favourite small-cap stocks; Crompton Greaves, Delhivery make the cut
Despite varying investment strategies, some small-cap stocks are common across mutual fund portfolios. The latest analysis reveals the 10 most widely held small-cap stocks, with PNB Housing Finance featuring in 146 schemes, followed by Crompton Greaves and RBL Bank.
Filed ITR in May or June? Here's why you should revisit it and check these 7 key things before 31 July deadline
Taxpayers who filed their ITR in May or June should revisit their return before the 31 July deadline. Checking e-verification status, AIS, TIS, Form 26AS, TDS credits, bank details and reported income can help avoid errors and refund delays. 
ITR filed and verified? Here's how the Income Tax Department spots mismatches—and when it sends a notice
The CPC first verifies that you've used the correct ITR form, filled in all mandatory schedules, and that there are no calculation errors. If it finds major issues, you may receive a defective return notice.
Hidden risks of UPI Autopay: Nykaa AVP’s LinkedIn post sparks debate about free trials
Lokesh Ahuja from Nykaa shared a cautionary tale about hidden AutoPay mandates after teaching his mother how to make UPI payments. He emphasises the importance of digital literacy.