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He bought a home, gave it for redevelopment years later and sold new flat for Rs 1.95 crore within 8 days; taxman denied LTCG exemption and added Rs 80.14 lakh, but ITAT grants relief

The man said that he had invested the entire Rs 1.95 crore from the sale in purchasing another residential flat at a different location. (Image for representative purpose only) You buy a flat and after some years the housing society gives it for redevelopment. You then sell the redeveloped flat within days of getting it…

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India-China Trade: India-China trade jumps 29% to $91.76 billion, overtakes US in first half of FY27

Representative image (India-China trade rebounds as New Delhi looks to rebuild bilateral ties) India’s bilateral trade with China rose nearly 29 per cent year-on-year to $91.76 billion in April-September 2026-27, making Beijing India’s largest trading partner in the first half of the financial year, according to commerce ministry data.Two-way trade between India and China stood…

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She bought shares for Rs 13.5 lakh and sold them for Rs 77.47 lakh after 18 months; taxman denied capital gains exemption, but ITAT gives relief and deletes Rs 79 lakh in additions

The case concerned a woman who claimed an exemption on long-term capital gains of Rs 65.41 lakh from the sale of shares. (Image for representative purpose only) You buy shares in a company and after over a year you sell them. In between the company also issues bonus shares, taking your total holdings up. You…

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No more guessing who’s calling! Govt mandates caller ID display from November 1

Govt makes displaying caller name mandatory from November 1 Unknown calls bothering you? The name behind it will no longer be a secret.The department of telecommunications (DoT) has directed telecom operators to introduce Calling Name Presentation (CNAP) from November 1, 2026. The service will display the caller’s name on the recipient’s phone without requiring users…

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Russian Diesel Exports: Russia begins diesel exports after Trump deal amid global oil market concerns

Russian diesel reaches global markets after Trump deal, Kremlin says (representative image) Russian diesel has begun reaching global markets following an agreement with US President Donald Trump, the Kremlin said on Thursday, adding that the supplies could help stabilise oil markets but would not be sufficient to fully achieve that goal.“The diesel has started reaching…

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India Merchandise Exports: India’s September exports rise 23% as merchandise trade deficit narrows; shipments to US rise 11%

India’s overall exports touch $242.6 billion in Q2, highest ever for the quarter (representative image) India’s merchandise exports rose 23.04% year-on-year to $44.40 billion in September 2026, up from $36.08 billion a year earlier, according to data released by the Ministry of Commerce and Industry on Thursday.The merchandise trade deficit narrowed to $30.21 billion from…

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India-US trade deal: First phase finalised, legal drafting under way, says Piyush Goyal

The much-awaited India-US trade deal has cleared its first phase and moved to the legal drafting stage, commerce and industry minister Piyush Goyal said on Thursday.He said that the pact would be operationalised once India gains a competitive advantage over its peer countries. The minister further expressed hope that the process would be completed soon.“US…

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India remains top Russian crude buyer in September despite 29% fall in imports since July

Russia is expanding its energy partnership with India across oil, gas and nuclear power projects. NEW DELHI: India remained the world’s largest destination for Russian crude oil in September, although imports fell nearly 29 per cent from July levels as Chinese refiners stepped up purchases and tightened the availability of Russian supplies, according to ship-tracking…

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Stock market rally today: BSE Sensex soars over 1,100 points; Nifty50 above 22,900 – top reasons for rise

Stock market rally on October 15, 2026 Stock market rally today: Indian equity benchmarks, Nifty50 and BSE Sensex, rallied strongly in morning trade on Thursday on despite weak global cues. Falling oil prices, and sharp appreciation in rupee this week helped drive the rally.Buying in IT, banking and consumer stocks lifted the stock market sentiment….

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