Business

The brother’s success in the case stemmed from providing comprehensive documentary proof. (AI image) Gifts received from relatives and friends can sometimes land you in the income tax net. One such case was of a Mr. Maheshwari from Agra, who had to prove the genuineness of Rs 10 lakh received as cash from his sisters.According…

India’s alcoholic beverage industry has seen strong sales during the festive season, with the premium spirits category driving growth, and expects an upswing of 10-20 per cent in the October-December period.As per news agency PTI, Radico Khaitan COO Amar Sinha said, “We have witnessed a highly encouraging festive season, with strong uptake across our premium…

File photo: Malaysian PM Anwar Ibrahim and PM Modi Malaysian Prime Minister Anwar Ibrahim on Sunday said that Asean’s partnership with India continues to be a “force for stability and mutual prosperity”, as both sides push to finalise the Asean–India Trade in Goods Agreement (AITIGA) by the end of this year.Speaking at the India–Asean annual…

Piyush Goyal to visit Brussels to boost negotiations Union commerce and industry minister Piyush Goyal will visit Brussels on October 27-28 to hold high-level talks with Maros Sefcovic, executive vice-president and European commissioner for trade of the European Union, as both sides intensify efforts to finalise the India-EU Free Trade Agreement (FTA).The visit comes at…

The Supreme has provided relief to five retired staff members from Odisha’s judiciary department who had received excess salary arrears by mistake. (AI image) Six years after five employees received salary arrears, they were asked to pay them back to their department. However, the Supreme Court ruled in their favour, striking down the demand. This…

US President Donald Trump signed a trade agreement with Malaysian Prime Minister Anwar Ibrahim and took part in the signing of a historic peace deal between Cambodia and Thailand, called the “Kuala Lumpur Peace Accords”.Trump arrived in the country to attend the ongoing ASEAN Summit.“Today, the Prime Minister and I signed a major trade deal…

The longstanding trade tensions between the United States and China might finally come to an end as the two nations are making progress on finalising the details of a trade agreement, a US official said on Sunday.“I think we’re moving forward to the final details of the type of agreement that the leaders can review…

Reliance Industries chairperson Mukesh Ambani MUMBAI: Reliance Industries and Meta Platforms will make a joint investment of Rs 855 crore in AI services in India, a market expected to reach $20-22 billion by 2027. The companies – one owned by India’s richest man, Mukesh Ambani, and the other led by Mark Zuckerberg – will be…

KVS Manian, MD & CEO, Federal Bank MUMBAI: Federal Bank chief KVS Manian said that the recently-announced capital raise from private equity investor Blackstone will give the lender flexibility to consider acquisitions to support growth, after the board approved a preferential issue of warrants to the US asset manager on Oct 24 in Kochi.The bank…

The new consolidated notification effectively merges all relevant exemptions and procedural details into a single framework, eliminating redundancy while preserving the substance of existing benefits. NEW DELHI: Central Board of Indirect Taxes and Customs (CBIC) Saturday rolled out another trade facilitation measure merging 31 Customs duty notifications into a consolidated one. It said the new…