Buisiness

NEW DELHI: The US-China trade deal has increased the headache for Indian negotiators, who are once again headed to Washington DC to discuss the proposed bilateral trade deal.While signalling movement towards a deal between the world’s two largest trading nations, the 90-day truce, which will see them slash tariffs by 115 percentage points, opens the…

The Income-tax framework has undergone key changes as Income Tax Department has recently updated the capital gains taxation table, especially taxation on securities-related income earned by residents, non-residents, and foreign institutional investors The new tax regime now mandates higher capital gains tax rates on equity transactions and introduces revised thresholds for long-term capital gains (LTCG)…

MUMBAI: A ceasefire between India and Pakistan lifted investor sentiment on Dalal Street on Monday, spurring the sensex and Nifty to their biggest single-day gain ever in terms of points. The day’s rally also made investors richer by Rs 16.2 lakh crore, marking the biggest one-day gain in market capitalisation.After an initial surge in the…

Tata Steel reported a more than two-fold increase in its consolidated net profit to Rs 1,200.88 crore for the March quarter, driven by higher volumes and reduced controllable costs, despite lower realisations.The company had posted a net profit of Rs 554.56 crore in the same period a year earlier, according to an exchange filing. However,…

President Donald Trump on Monday signed a sweeping executive order aimed at slashing prescription drug prices in the United States, giving pharmaceutical companies a 30-day deadline to cut costs or face action.“Starting today, the United States will no longer subsidise the healthcare of foreign countries… and we’ll no longer tolerate profiteering and price gouging from…

Capital expenditure (capex) at small private airports in India is expected to increase by 50–60 per cent annually over the next three years, driven by capacity expansion amid rising terminal utilisation levels, ratings agency Crisil said on Monday.In contrast, capex at large private airports is projected to decline over the same period, as most of…

State-owned Punjab National Bank (PNB) is aiming to expand its lending to the RAM segment—comprising Retail, Agriculture, and MSMEs—to 58 per cent of its total loan book in the current financial year, up from 56 per cent in FY25, according to Managing Director and CEO Ashok Chandra.The bank ended FY25 with RAM segment loans standing…

Income tax department has notified all seven Income Tax Return (ITR) forms for the assessment year 2025-26. While ITR Forms 1 and 4, used by small and medium taxpayers, were notified on April 29, ITR-7, applicable for trusts and charitable institutions, was notified on May 11.One important change has been introduced in ITR-1 and ITR-4,…

US stocks surged Monday in a powerful rebound after the United States and China agreed to a 90-day truce in their ongoing trade war, easing tensions that had weighed heavily on markets for months.The deal, which includes mutual tariff rollbacks, ignited a broad rally across sectors and asset classes.The S&P 500 climbed 2.6% in early…

Defence-related stocks extended their gains for a second consecutive session on Monday, buoyed by broader market optimism and rising expectations of increased government focus on the defence sector.Shares of Axiscades Technologies jumped 5 per cent, while Data Patterns (India) Ltd rose 3.88 per cent. Mishra Dhatu Nigam Ltd gained 3.40 per cent, and Bharat Electronics…