Business

Many taxpayers who completed their income tax return (ITR) weeks or even months ago are still waiting for their refunds despite the September 16, 2025 filing deadline having passed long ago. With bank accounts being checked daily, the tax department says the delays are tied to closer scrutiny of questionable deduction claims.Launching a taxpayers’ lounge…

Microsoft on Tuesday announced a sweeping cloud infrastructure partnership with artificial intelligence firm Anthropic and chipmaker Nvidia, marking a significant realignment in the technology giant’s AI alliances as it moves further away from exclusive dependence on OpenAI, AP reported.Anthropic, the developer of rival chatbot Claude, said it will commit to purchasing $30 billion worth of…

Wall Street lost ground again on Tuesday as a fresh slide in Nvidia and other major technology stocks weighed on sentiment, adding to concerns that recent valuations had climbed too high. Early trading saw the S&P 500 fall 0.3%, with the Dow Jones Industrial Average dropping 361 points and the Nasdaq composite declining 0.6%, AP…

Authorities are examining ways to strengthen air traffic control (ATC) systems after the technical snag at Delhi airport earlier this month disrupted operations and delayed more than 800 flights. Civil Aviation Minister K Rammohan Naidu said the incident has prompted a wider review of processes and technology at India’s busiest airport.Speaking on the sidelines of…

The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…

CBDT Chairman Ravi Agrawal has said that the government will notify the new income tax return forms and rules under the simplified Income Tax Act, 2025, by January 2026, giving taxpayers sufficient preparation time before the law comes into effect on April 1,. Speaking at the inauguration of a taxpayers’ lounge at the India International…

Commerce and industry minister Piyush Goyal on Tuesday signalled that the proposed India–US trade pact might soon reach a conclusion, once a balanced pact is finalised. The minister said, “When the deal will become fair, equitable and balanced, you will hear good news.”Speaking at the Indo-US Economic Summit organised by the Indo-American chamber of commerce,…

H-1B visas are important: they are the route to getting highly skilled foreign nationals to work in the US. (AI image) H-1B visas, on which the Donald Trump administration is imposing increasing restrictions, are actually beneficial for the US economy and unlike some people who claim that they constitute ‘cheap labour’, evidence seems to suggest…

Are investors lining up out of long-term interest? Not at all. The game is played for listing gains. (AI image) By Ashish MenonApplying for IPOs has quietly become a national pastime. Every few weeks, millions of investors line up online, hoping for that one lucky allotment. The attraction isn’t ownership, growth, or dividends. It’s the…

India’s economy is likely to have expanded by around 7.5 per cent in the second quarter of FY26, supported by stronger investment activity, improving rural demand and the effects of GST rationalisation, according to a research report by the State Bank of India (SBI). As per news agency ANI, the report said growth continues to…