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Reliance Consumer Products signs Rs 40,000 cr MoU with Centre for food mfg facilities pan India

Reliance Consumer Products Limited has signed a significant agreement. The company will invest Rs 40,000 crore. This investment aims to establish integrated food manufacturing facilities across India. The MoU was signed at the World Food India 2025 event. RCPL will…

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CBDT extends tax audit report deadline to October 31 for AY 2025–26

CBDT on Thursday extended the deadline for filing audit reports under the Income-tax Act, 1961, by a month to October 31, 2025, citing disruptions from floods and natural calamities, following multiple representations from professional and industry bodies.

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Investor funds diverted, accounts faked: SEBI imposes 5-year ban on Seacoast Shipping

The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and…

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IPO rush in India’s pharma sector: Sector eyes Rs 12,000 crore fundraising; 15 companies ready to enter market

India’s pharmaceutical and healthcare industry anticipates a significant fundraising surge, projecting Rs 12,000-13,000 crore through IPOs in the coming months. Approximately 15 firms, including Indira IVF and Sahajanand Medical Technologies, are preparing to enter the primary market. Investor interest is…

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Defence Ministry, HAL ink Rs 62,370 crore deal for 97 LCA Mk1A jets, deliveries to begin in 2027

The Ministry of Defence has contracted with HAL for 97 LCA Mk1A aircraft, comprising 68 fighter variants and 29 twin-seaters, valued at Rs 62,370 crore. These advanced aircraft will feature indigenous technologies like the UTTAM AESA radar and Swayam Raksha…

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SIDBI launches Development of Industry Associations to strengthen MSMEs

SIDBI launched the Development of Industry Associations (DIA) scheme to foster cluster development, as announced at the National Conclave in New Delhi. Secretary DFS, M Nagaraju, emphasized the need for Indian clusters to evolve into innovation epicentres. CMD Manoj Mittal…

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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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