The US trade deficit in goods widened to a record level in 2025 even as overall trade flows expanded, underscoring persistent import strength despite tariffs imposed during President Donald Trump’s first year back in office, according to the US government data.Data released by the Commerce Department showed the US goods deficit reached $1.24 trillion in…
Individual taxpayers often struggle with determining the correct reportable value of foreign assets. (AI image) India’s foreign assets reporting is no longer evolving quietly in the background; it has entered an era of assertive enforcement. Budget 2026 reinforced that overseas income/ asset disclosure is not merely a procedural obligation to disclose in the Income tax…
The Pradhan Mantri Awas Yojana (PMAY) remains one of the government’s flagship housing schemes aimed at improving home ownership affordability across urban India. The programme provides interest subsidies and financial assistance to eligible beneficiaries, particularly those in the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) categories.For applicants, documentation plays…
Stock market today: Benchmark equity indices snapped a three-day winning streak on Thursday, with the Sensex plunging over 1,200 points and the Nifty closing near the 25,450 mark amid a broad-based sell-off triggered by escalating geopolitical tensions between the US and Iran.The 30-share BSE Sensex tumbled 1,236.11 points, or 1.48 per cent, to settle at…
Demand for rare earth permanent magnets in India is projected to double by 2030. Stressing on the importance of self-reliance, Union Minister of Mines and Coal G Kishan Reddy on Thursday said that India aims to begin domestic production of rare earth permanent magnets by year-end through collaboration with private industry.Reddy stressed on the strategic…
India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…
Gold and silver price prediction: Gold may extend its rally to the Rs 1,63,000 per 10 grams mark and silver has managed to sustain support, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook On the weekly chart, MCX Gold has been moving in a consolidation phase after…
Mukesh Ambani at AI Impact Summit Reliance Industries chairman Mukesh Ambani said that the group will bring down the cost of artificial intelligence (AI) in a manner similar to mobile data. The Reliance Group’s venture Jio along with RIL plans to invest Rs 10 lakh cr over the next 7 years starting this year, Mukesh…
The Income Tax Department has flagged cases involving non-disclosure of overseas assets and foreign income. (AI image) Income Tax Notice alert! The Income Tax Department is cracking down on alleged misreporting of income by senior executives across multinational companies and startups. Several such executives earning over Rs 50 lakh have received tax notices from the…
Stock market today (AI image) Stock market today: Indian equity benchmarks are slowly inching upwards, with Nifty50 and BSE Sensex opening in green after three days of gains. While Nifty50 was above 25,850 in early trade, BSE Sensex rose over 100 points. At 9:18 AM, Nifty50 was trading at 25,861.55, up 42 points or 0.16%….
