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Cost Inflation Index (CII) for Tax Year 2026-27 notified: Here's what it means for capital gains taxThe Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acqui...
Rs 1,800 EPF vs 12% of basic pay: Choosing Rs 1,800 monthly contribution can increase your in-hand salary, but is it worth?Employees face a choice between higher immediate income and a larger retirement fund. Reducing EPF contributions increases take-home pay bu...
US Stock Market: Healthy loan growth and stable credit trends boost outlook for US bank stocksMajor Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backe...
US Stock Market: Fed Beige Book signals improving economy as inflation eases, but fuel costs and tariffs remain risksThe US economy shows moderate expansion with improving employment figures. Inflation is easing across Federal Reserve districts, though fue...
ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hitICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire clai...
India Cost Inflation Index at 384 in FY27, up from 376 a year earlier, CBDT notifiesIndia's Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gaug...
India raises windfall tax on diesel, jet fuel exports; cuts levy on petrol exportsIndia's government has adjusted windfall taxes on fuel exports, effective July sixteenth. The export duty on petrol has been reduced to two...
Wipro Q1 Preview: Under pressure from AI, what can investors expect from earnings?Wipro's Q1 earnings are expected to show a revenue rise, driven by acquisitions and currency. Core IT services revenue may decline sequenti...
Wells Fargo tops profit estimates on interest income boost, trading boomWells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust loan growth fueled this positive ...
ICICI Prudential AMC shares gain 2% after Q1 net profit rises 23% to Rs 965 crore. Here’s what brokerages sayICICI Prudential AMC reported a 23% net profit increase for Q1 FY27. Revenue from operations also saw an 18% year-on-year growth. Mutual fu...
Wage, fuel spike hit ATM cash services in four statesThe one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular...
Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
Why Love Island season 8 winner Trinity could take home more prize money than Bryce despite splitting the $100KTrinity and Bryce won Love Island USA season eight and its hundred thousand dollar prize. They will not receive identical amounts after tax...
Bankruptcy boom: Businesses going broke in Europe's biggest economyGermany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contr...
ADB cuts India FY27 growth forecast to 6.6% on higher oil pricesThe Asian Development Bank has lowered India's FY27 growth forecast to 6.6 percent. Higher crude oil prices and transportation costs will i...
ITR filing 2026: Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh salary; how much tax you could pay under new vs old tax regime?Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various in...
Higher take-home salary or bigger retirement corpus? How the proposed EPF change could affect your futureA government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home sal...
CBDT clarification: All approvals like Nil or lower TDS certificate and existing tax benefits will continue under Income Tax Act, 2025; Here’s what it means for youExisting tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be...
EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will workEPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% o...
Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...