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High US tariffs to cut Indian leather industry revenue by 10-12% this fiscal: Crisil Ratings

Indian leather firms face a revenue drop of 10-12 percent this fiscal. The United States imposed steep 50 percent tariffs, significantly impacting exports. This will slash export volumes by 13-14 percent. Higher realisations from finished leather products to the US…

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US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

New US sanctions on Russia’s top oil firms could affect Reliance Industries’ crude imports. State-run refiners may continue buying Russian oil through traders. Reliance, a major buyer, might need to adjust its imports. Other companies like Nayara Energy could also…

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New banking laws for nomination facilities for deposit accounts, lockers to kick in from Nov 1

The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1 this year, the Finance Ministry announced on Thursday.

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Renault to control capex, R&D expenditure in next strategic plan, says CFO

French automaker Renault plans to control its spending on capital and research. Finance chief Duncan Minto stated that these expenses will not exceed eight percent of the company’s revenues. This move aims to protect the break-even point. It will ensure…

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Over 350 distilleries face uncertainty over ethanol allocation under new tender: Industry body

Over 350 distilleries face an uncertain future due to inadequate procurement orders in the latest ethanol tender. Industry bodies criticize the allocation methodology, alleging it favors new entrants over existing units and ignores surplus capacity in neighboring states, potentially jeopardizing…

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Unilever’s India arm posts profit rise on strong beauty products demand

Hindustan Unilever has announced a strong second-quarter profit increase, driven by robust sales in its beauty and well-being segment. The Indian consumer goods giant, known for brands like Dove and Surf Excel, saw its profit climb to 26.9 billion rupees.…

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Paid taxes abroad? Here's how Form 67 helps claim foreign tax credit in India
Foreign Tax Credit allows Indian residents to reduce their tax liability in India by claiming credit for taxes already paid in another country. The Income Tax Department allows eligible resident taxpayers to claim a Foreign Tax Credit (FTC) by filing Form 67 along with the supporting documents.
ITR filing 2026: Think twice before claiming fake tax deductions — You could land in prison, face penalties
Taxpayers who falsely claim deductions to reduce tax liabilities could face severe penalties, prosecution, or imprisonment. Here are the consequences if a taxpayer is found guilty.
EPFO automates PF transfer after job switch — Does it benefit private or exempted PF trust members?
EPFO simplifies the provident fund transfer process for Aadhaar-linked and KYC-compliant UAN holders by automating it, reducing paperwork. Here's whether private trust-managed funds will benefit from this new feature or not.
Annapurna Yojana: Haven't you received your payment yet? 8 reasons why
The first funds of the Annapurna Yojana were credited to nearly 1.1 crore beneficiaries. West Bengal's Chief Minister reported 1.6 crore applications were received, with 26 lakh rejected for various reasons.
Same trip, same loss: why was one insurance claim rejected?
In situations where two insured individuals are affected by the same insured event but receive contradictory decisions, it is reasonable to seek clarification based on such differential treatment. An insurer should be able to explain why identical facts have resulted in different outcomes.
Bengaluru landowner sold 17 flats, made ₹11.8 crore and paid no tax — then won the tax dispute | Know how
A Bengaluru resident won a tax dispute over capital gains of ₹11.8 crore from selling 17 apartments. Although the income tax department initially rejected his tax exemption claims, the ITAT ruled he could claim exemptions on multiple properties, as each sale was an independent transaction.
India's CPI inflation is 4.38%, but your personal inflation could be higher. Here's how to calculate it
India's CPI inflation stood at 4.38% in June 2026, but your personal inflation rate may differ depending on your spending habits. Using MoSPI's category-wise inflation data, you can calculate your own personal inflation rate.
2 crore ITRs already filed: Experts explain why you must submit your tax returns before 31 July deadline
With two crore income tax returns already filed, experts advise taxpayers to complete their ITR filing before the 31 July deadline. Early submission can help avoid last-minute errors, resolve tax mismatches, claim refunds faster and ensure smooth compliance without depending on an extension.
Why diversification—not stock picking—could define wealth creation over the next decade
As markets become more volatile and leadership shifts across asset classes, investors may need to rethink portfolios built around a single source of returns.
UPI vs Credit Cards: Experts explain how to choose right payment method for everyday spending
UPI and credit cards each offer unique advantages for everyday payments. Here are the key differences, benefits, rewards, credit score impact, and practical tips for choosing the right payment method for daily spending, budgeting and long-term financial planning in India.