ITR filing FY 2024-25: ITR-2 and ITR-3 excel utilities released by Income Tax Department – here’s what taxpayers should know

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ITR filing: For the financial year 2024-25 (Assessment Year 2025-26), taxpayers must file their returns by September 15, 2025. (AI image) ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other specified incomes to file … Read more

Asian markets mixed; Wall Street hits record high; Hong Kong’s Hang Seng jumps 1.6%

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( Representative AI image) Asian markets were mixed on Friday as investors stayed cautious despite Wall Street hitting record highs.Chinese markets led regional gains, with the Hang Seng Index in Hong Kong surging 1.6% to 24,402.41 and the Shanghai Composite rising 1.1% to 3,546.50, supported by fresh signs of economic stimulus and buying in tech … Read more

Trade war: Canada reacts after Donald Trump slaps 35% tariffs; will US soften its stance?

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Canadian Prime Minister Mark Carney on Thursday vowed to defend Canadian workers as the August 1 tariff deadline approaches. This response comes after US President Donald Trump announced a steep hike in duties on a broad range of Canadian imports to 35%, a move that deepens tensions between the two longtime allies.Sharing a post on … Read more

Elon Musk’s Tesla to open first showroom in Mumbai; EV maker set to inaugurate store next week: Report

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Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its first showroom in India next week. The new showroom for Tesla’s electric cars will open in Mumbai on July 15, according to a Reuters report. … Read more

Bitcoin hits record high of $116,046; surges 24% this year; Ethereum rose 3%

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Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it had already broken its previous record of $113,734.64 before climbing further by 9:27 pm GMT. With this rally, the world’s largest cryptocurrency is now up … Read more

Rs 9 lakh crore liquidity glut prompts record Rs 2.5 lakh crore RBI drawdown

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MUMBAI: RBI will conduct a record Rs 2.5-lakh-crore variable rate reverse repo (VRRR) auction on Friday as it seeks to absorb a persistent glut of liquidity in the banking system. This move follows a series of recent VRRR operations that have drained Rs 3 lakh crore, yet the money market surplus remains above Rs 3 … Read more

SBI considers share sale to raise 25k crore

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SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation’s biggest deal of its kind.If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever … Read more

NHAI plans to bid out projects worth 3.4 lakh crore

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NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put the entire list of projects in public domain, amid a sense of uncertainty among the highway developers.In last two years, there has been a slowdown … Read more

US tariffs: Trump slaps 35% duties on Canadian goods; threatens more in case of retaliation

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US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on Thursday, marking the latest in a string of over 20 similar communications Trump has issued since Monday.The move follows escalating tensions over trade policies, with … Read more

Canara Bank drops ‘fraud’ tag from Reliance Communications loan a/c

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MUMBAI: Canara Bank on Thursday informed the Bombay HC that it has withdrawn an order that classified Anil Ambani‘s loan account connected to Reliance Communications, which is undergoing insolvency proceedings, as ‘fraudulent’. The HC bench then disposed of a petition filed by Ambani challenging the bank’s Nov 8 order. The bank had classified the loan … Read more

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