Business

India’s commerce department is set to boost self-sufficiency by identifying around 100 products for domestic manufacturing, aiming to reduce reliance on imports. Commerce Secretary Sunil Barthwal highlighted the initiative, focusing on sectors like engineering, chemicals, and pharmaceuticals.

The Reserve Bank of India (RBI) has introduced final guidelines to regulate payment aggregators, effective immediately. These guidelines classify aggregators into three categories and impose stringent capital requirements for non-bank entities, including a minimum net worth of Rs 25 crore by the third financial year. The framework also covers escrow accounts, fund management, and cross-border…

FundsIndia’s report highlights Indian equities as strong wealth creators, with the Nifty 50 multiplying 13 times in 20 years, yielding 13.7% annually. Midcap stocks led with 16.2% CAGR. Long-term equity investments significantly reduce risk, showing no negative returns over seven years. Gold offered 14.8% CAGR, while debt and real estate provided 7.5% and 7.7% respectively.

Donald Trump is again advocating for publicly traded companies to switch from quarterly to semi-annual earnings reports. He believes this change would reduce costs and enable executives to concentrate on long-term business management. The SEC has enforced the three-month reporting rule since 1970, but critics argue it pressures companies to prioritize short-term gains over strategic…

India’s exports saw a rise in August despite new US tariffs, driven by front-loading of shipments. The trade deficit narrowed, although it exceeded predictions. While exports to the US increased between April and August, India is diversifying markets and seeking trade deals with the EU to mitigate supply chain risks and reduce import reliance.

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…