Indian taxpayers, brace yourselves! The second advance tax installment for FY 2025-26 is due September 15th. If your tax liability exceeds Rs 10,000, pay up to avoid a 1% monthly interest penalty. Salaried individuals with additional income beyond TDS deductions, and others, should take note. Senior citizens are exempt under specific conditions.
The Income Tax Department advises taxpayers facing e-filing portal access issues to address local browser or device settings. Simple steps like clearing cache, using supported browsers, and disabling extensions can resolve common problems. With over 7 crore ITRs filed as the September 15 deadline approaches, the department denies any extension despite user complaints about glitches.
Alphabet’s market value has surpassed $3 trillion. This milestone follows gains in share value. Optimism surrounding artificial intelligence is a factor. A US judge allowed Alphabet to retain control of Chrome and Android. This is a pivotal ruling. Cloud revenue jumped 32% year-on-year in the second quarter. Investments in custom chips and Gemini AI model…
US stocks edged higher, buoyed by Tesla’s surge following Elon Musk’s share purchase, as investors anticipate the Federal Reserve’s upcoming policy meeting. Market attention is focused on potential rate cuts and economic projections, while political pressure from President Trump adds complexity. Treasury yields dipped amid expectations of monetary easing, reflecting cautious optimism in global markets.
Donald Trump urged the Federal Reserve for a substantial interest rate cut ahead of its policy meeting, anticipating a boost to the housing market. The Fed is expected to lower rates by 25 basis points amidst concerns about a softening labor market. Policymakers are balancing inflation and employment, while also navigating political pressures with a…
Amidst ongoing trade deal discussions, US President Trump’s advisor Peter Navarro criticized India’s high tariffs and Russian oil purchases, alleging it funds Russia’s war efforts. Despite these tensions, a US trade negotiator is in India for preliminary talks, aiming to revive the suspended bilateral trade agreement negotiations.
India’s merchandise exports experienced a rise of 6.7% to $35.1 billion in August, while imports saw a decline of 10.12% to $61.59 billion. This resulted in a narrowed trade deficit of $26.49 billion compared to the previous year. Cumulative exports for April–August 2025-26 reached $184.13 billion, with imports totaling $306.52 billion.
A NITI Aayog report projects that AI adoption could boost India’s GDP by $500-600 billion by 2035, enhancing productivity across sectors. Financial services and manufacturing are poised to benefit significantly, with potential contributions of 20-25% to their GDP. The report emphasizes AI’s role in achieving ‘Viksit Bharat’ by driving economic growth and innovation.
China has strongly condemned the US proposal for G7 and NATO nations to impose tariffs on Chinese imports of Russian oil, labeling it as “unilateral bullying” and “economic coercion.” Beijing warned of retaliatory measures if countries comply with Washington’s request.
IndiGo is set to launch India’s first Airbus A321XLR flights to Athens in January 2026, connecting Delhi and Mumbai with six weekly non-stop services. This marks a significant step in IndiGo’s international expansion, making it the sole Indian airline offering direct flights between India and Greece.
