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Go Digit General Insurance gets ₹20.51-crore GST show-cause notice over alleged ineligible ITC claims

Go Digit General Insurance has received a show-cause notice from the Directorate General of GST Intelligence demanding over ₹20.51 crore. The notice alleges ineligible input tax credit claims between September 2022 and March 2024.

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Allcargo Logistics targets ₹3,000 cr revenue by FY30, CFO bets on pricing and service quality

Allcargo Logistics aims for over ₹3,000 crore revenue by FY30, driven by service quality and disciplined pricing, said CFO Deepak Pareek. Pareek also spoke on how the company is navigating fuel cost volatility, the pricing actions built into FY27 assumptions,…

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upGrad appoints former JioStar finance head Mukesh Mundra as CFO

Edtech firm upGrad has appointed Mukesh Mundra as its new Chief Financial Officer to bolster its financial leadership during global expansion. With over 26 years of experience in diverse sectors, Mundra will oversee finance and administration, focusing on strategy and…

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Welspun World appoints former ACME Solar executive Rajat Kumar Singh as Group CFO

Welspun World has appointed Rajat Kumar Singh as its new Director and Group Chief Financial Officer, effective June 1. Singh will lead financial strategy, capital allocation, and investor relations to support the conglomerate’s growth and expansion. His extensive experience in…

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Wilmar International chief says India must target 60% self-sufficiency in edible oils

India needs to produce more edible oils domestically. Kuok Khoon Hong, chairman of Wilmar International, suggests aiming for 50-60% self-sufficiency. This move is crucial given India’s vast consumption and current reliance on imports. Stable government policies are key to encouraging…

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New IIP series to cover rare earths, gas supply; RE to get separate index

India will launch an updated Index of Industrial Production on June 1 It will offer more detailed tracking of industrial activity.

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How this doctor earning ₹1.51 crore annually amassed investments worth ₹11.32 crore
Despite earning a modest salary during training, Chan has built an investment portfolio worth around $1.2 million across brokerage, savings and retirement accounts..
Gifted money to your wife and she invested it in FD, gold or shares? The income may still be taxable in your hands
While transferring funds to a spouse may seem advantageous for tax savings, income could be subject to clubbing under Section 64, making it your taxable income. Details here.
Bought a flat but possession was delayed? Here's what Supreme Court ruled on Delhi homebuyer's case
In a recent case, the Supreme Court ruled that homebuyers can claim compensation for delayed possession of their apartments, even after taking possession. Details here.
ITR filing 2026: Who pays a taxpayer's tax dues after death? Do they have to pay from their own pocket?
After a taxpayer's death, their legal heirs or legal representative is responsible for filing ITR on their behalf. Legal heirs are not liable for a deceased taxpayer's tax dues beyond inherited asset value.
Missed declaring FD income last year? Here's how you can rectify it and what happens if you ignore it
Fixed deposits offer safe, assured returns but are taxable under income tax laws. Taxpayers who missed declaring FD interest can file an updated return (ITR-U) within four years, allowing for corrections with varying additional tax penalties based on the filing time. Details here.
Power of compounding: Become crorepati with ₹12,500/month PPF contribution—Here's how you can build ₹6.75 crore corpus
Investment planning should align with current finances, risk tolerance, and future goals. The Public Provident Fund (PPF) offers a safe, low-risk option for long-term savings, providing tax benefits and guaranteed returns, making it an ideal choice for wealth building.
AMFI seeks review of decade-old $7 billion overseas MF investment cap
AMFI plans to again approach RBI, Sebi and the government to raise the decade-old overseas investment cap for mutual funds. The industry says a higher limit will give investors greater access to global markets.
Buy Nvidia at 2 am on a Sunday? How Indians can own tokenised US stocks and how they differ from traditional trading
Nvidia's stock surged over 1,000% since the ChatGPT release, becoming the world's most valuable company. Investors are now eyeing other AI chipmakers like Micron and Sandisk, while tokenized stocks offer a new way to invest in these companies.
Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold?
Bitcoin futures dropped to $58,995 on Thursday, over 50% below last year's peak, with predictions indicating a further decline to around $42,000-$44,000 by year-end. Profit booking across assets and rising AI investments contribute to selling pressure amid a strong U.S. Dollar Index.
Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained
Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act. We explain the eligibility criteria, tax regime details and rules for taxpayers.