Business

The AO treated the alleged amount as undisclosed cash receipts and made an addition under Section 69A. (Image for representative purpose only) Property related transactions can sometimes be complicated. Recording the same in your income tax return is equally important. But what if the Income Tax Department sends you a notice for unexplained cash receipts,…

Stock market holiday on Dussehra NEW DELHI: Domestic equity markets will remain closed on Tuesday, October 20, for Dussehra, giving investors a break from regular trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The festival is listed as a full trading holiday in the 2026 market calendar.Investors will not be…

Bagchi said he would consult regulators, customers, shareholders and other stakeholders before setting organisational priorities MUMBAI: Anup Bagchi, who is set to take over as HDFC Bank’s managing director and CEO, said he would soon draw up a strategic roadmap covering growth, margins, asset quality and productivity, as outgoing chief Sashidhar Jagdishan said the bank’s…

Crude prices ease below $110 per barrel Oil prices fell on Monday as US President Donald Trump’s decision to waive sanctions and tariffs on Russia raised the prospect of additional fuel supplies entering the market. However, continuing security threats in the Middle East and uncertainty over US-Iran negotiations kept the outlook for crude volatile.Brent crude…

Russia’s Arctic oil shipments exceeded 2025’s full-season total of 13 million barrels, with another 5-10 million barrels expected by the end of the current navigation period Russia has shipped nearly 20 million barrels of oil to Asia through the Northern Sea Route (NSR) since the start of the navigation season in July, almost 50 per…

File photo: Bottles of Absolut vodka, produced by Pernod Ricard, are displayed at a wine shop (Picture credit: Reuters) Indian tax authorities are investigating whether liquor makers Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports to claim lower tariffs under the India-UK trade agreement, Reuters reported, citing five industry sources familiar with the…

India puts coal import plan on hold, prioritises domestic production and transport (representative image) India has shelved a proposal to make power plants import coal to replenish dwindling stockpiles, as elevated international prices and a weaker rupee have increased the cost of overseas shipments, Bloomberg reported on Monday, citing people familiar with the discussions.The government…

Columbia University professor and 16th Finance Commission chairman Arvind Panagariya, who was in India for the Kautilya Conclave, spoke to TOI, arguing that a weaker rupee will not just make exports competitive but will also keep the prices of finished imported goods higher. In an interview, he suggested tariff cuts, doing away with quality control…

Global container freight rates have surged by 130 percent Global container freight rates have climbed 130% since February 2026, with renewed tensions in the Middle East driving up shipping costs. India’s container-based export-import trade, however, continues to expand, according to a Jefferies report.The surge marks a reversal after a prolonged period of easing freight rates….

India gets 100 per cent duty-free access for its goods exports to New Zealand. NEW DELHI: The Free Trade Agreement between India and New Zealand will be enforced on Tuesday (October 20), allowing duty-free access to Indian goods across Wellington’s entire market.The announcement comes from a ministry of commerce and industry presentation, cited by ANI.Labour-intensive…