The assessee must explain the nature and source of jewellery and support the explanation with evidence, tax experts say.
The prime suspect in the sensational burglary at the home of a YouTuber in Thammathukonam near Chennai was apprehended and a significant portion of the stolen valuables were recovered, the police said on Tuesday.
Digital services major Jio Platforms is anticipated to list on the stock exchange by the end of October, with an estimated enterprise valuation of USD 143-146 billion, making it India's largest public offer at around USD 3.8 billion.
The Gujarat government announced that Indian pilot Smit Machchhar will be awarded the 'Visisht Gujarat Garima Award' for his extraordinary bravery. Machchhar thwarted his co-pilot's alleged attempt to crash a Flydubai flight, saving 174 lives despite being stabbed. He is currently receiving treatment in Saudi Arabia, and special prayers for his recovery have been organised at the Somnath temple.
The Vande Bharat Express has successfully achieved a speed of 100 kmph over the world's highest Chenab Railway Bridge and India's first cable-stayed Anji Bridge. This significant speed enhancement on the 111-km Katra-Banihal section of the Udhampur-Srinagar-Baramulla Railway Link project will reduce travel time and improve rail connectivity to the Kashmir Valley.
A 20-year-old receptionist, Dilsha, was allegedly stabbed to death by a man identified as Jithu at a resort in Kozhenchery, Kerala. Police suspect the killing is linked to a failed relationship. The accused was apprehended at the scene and handed over to the police.
India's bowling coach Morne Morkel emphasises giving opportunities to second-line bowlers like Prasidh Krishna and Gurnoor Brar in the upcoming ODI series against West Indies. He believes this match time is crucial for building a strong bowling group for next year's World Cup. Morkel also highlighted the importance of exposing bowlers to tough match situations to develop their temperament.
Defending champion Jyothi Surekha Vennam was eliminated from the Asian Games individual compound archery competition by 14-year-old Korean Kang Yeonseo. Despite this setback, Indian debutants Chikitha Taniparthi and Ganesh Mani Ratnam Thirumuru successfully advanced to the quarterfinals in their respective women's and men's events, showcasing strong performances including a shoot-off victory and an all-Indian clash.
As international investigations intensify into the mid-air security scare aboard the Flydubai flight, Israel's i24 News reported that an Emirati source has revealed that among the belongings of the Omani co-pilot were leaflets and publications from "Free Palestine" groups, alongside pro-Palestinian material.
Indian swimmers concluded their Asian Games campaign without securing any medals. Sajan Prakash finished seventh in the men's 200m butterfly final, while Rishabh Das and Utkarsh Patil placed sixth and seventh respectively in the men's 200m backstroke. Other Indian participants also failed to qualify for their respective finals.
Indian pilot Captain Smit Machchhar is in stable condition in Saudi Arabia after being seriously injured while preventing his co-pilot from crashing a Flydubai flight. He was stabbed during the incident, but managed to alert others, leading to the co-pilot's incapacitation and a safe landing. Both Indian and Israeli leaders have praised his heroic actions.
Two-time Olympic medallist Manu Bhaker failed to qualify for the 25m air-pistol final at the Asian Games, finishing 11th.
Indian tennis players Dhakshineswar Suresh and Sumit Nagal have made winning starts to their men's singles campaigns at the Asian Games, securing places in the pre-quarterfinals.
Lovlina Borgohain has secured India's first women's boxing gold at the Asian Games in 12 years, defeating China's Ziyi Bao in the 75kg final.
Finance Minister Nirmala Sitharaman has called upon Indian industry to prioritise not just scale but also resilience, better governance, and deeper technological capabilities to achieve the 'Viksit Bharat' goal by 2047.
Indian archer Ganesh Mani Ratnam Thirumuru defeated compatriot Sahil Jadhav in a close 149-148 contest at the Asian Games men's compound event, securing his spot in the quarterfinals. Both archers had previously overcome their initial opponents, with Thirumuru now set to face Chinese Taipei's Chieh-lun Chen.
India's economy is projected to lose momentum in the second half of fiscal 2026-27, with tighter financial conditions, elevated energy prices, and broadening inflation pressures posing significant risks, according to DBS Bank economist Radhika Rao.
US President Donald Trump has shared a map on Truth Social showing the Strait of Hormuz labelled as "Trump Strait".
Indian wrestlers secured a six-medal haul, including two golds, at the Asian Games in Nagoya, overcoming injuries and form slumps. Gold medallists Aman Sehrawat and Sujeet Kalkal, along with silver winners Nitesh Siwach and Antim Panghal, and bronze medallists Deepak Punia and Sunil Kumar, are now setting their sights on the 2028 Los Angeles Olympics, expressing determination to bring home more glory.
India defeated Pakistan by 19 runs to secure the gold medal in the Asian Games cricket final, a match that passed without any major controversy despite the ongoing diplomatic tensions and the conspicuous absence of customary handshakes between the teams.
An IPO can create excitement, particularly when you see a new issue attracting strong interest from investors. But popularity alone does not make an IPO suitable for every investor. Before you apply, it's crucial to scrutinise the financial performance, risk profile, and valuation of the company. Ultimately, your objective should be choosing a company that aligns with your financial goals.
Hindustan Copper Limited CMD Anupam Misra spoke at the 85th CSIR Foundation Day, advocating for workplace safety, employee welfare, and scientific excellence. He stressed the importance of continuous learning, innovation, and bridging research with industrial applications to support Viksit Bharat 2047. CSIR-NML Director Dr. Sandip Ghosh Chowdhury also highlighted CSIR's legacy and its role in India's technological self-reliance.
Air Marshal Jeetendra Mishra (retired) has been appointed as the first CEO of the Shri Ram Janmabhoomi Teerth Kshetra Trust, which oversees the Ram temple in Ayodhya, following a restructuring exercise to enhance administration.
Indian long jumper M Sreeshankar secured a silver medal at the Asian Games despite an injury during his fourth attempt. He expressed confidence that this fourth career silver would lead to a major gold, specifically targeting the 2028 Olympics. Sreeshankar highlighted the challenging weather conditions and the close competition, acknowledging luck played a role in his medal win.
The promotions and reshuffle in the army show that Asim Munir remains firmly in charge, points out Rana Banerji, who headed the Pakistan desk at R&AW.
Members should review their nomination after marriage, childbirth, or other changes in family circumstances. They can file a fresh e-signed nomination to replace an earlier one.
Indian pilot Captain Smit Machchhar is being hailed as a hero after he thwarted an alleged attempt by his co-pilot to crash a flydubai flight carrying nearly 180 people. Despite being stabbed and seriously injured, Machchhar fought back, enabling passengers and crew to overpower the attacker. Indian envoys met his family in Dubai, assuring full government support, while the co-pilot has been arrested in Saudi Arabia.
Matheus Cunha scored a late deflected goal to secure a 1-1 draw for Manchester United against Fulham in the Premier League. This result spared United a third consecutive defeat, after Lisandro Martinez's own goal had given Fulham the lead.
Captain Smit Machchhar, an Indian pilot operating flydubai flight FZ1073 from Dubai to Tel Aviv, is being airlifted to Abu Dhabi for advanced medical care after suffering stab wounds during a violent mid-air cockpit attack by his co-pilot.
Asian Games double silver medallist Vidarsa K Vinod has condemned the cyberattacks faced by fellow medallist Ancy Sojan, advocating for support for athletes and respect for their individuality. Returning to her hometown, Vidarsa also shared her journey into shooting and highlighted the improved support for athletes from the state government.
The Indian cricket team faces a dilemma regarding shaking hands with their Pakistani counterparts in the Asian Games final, a practice they have avoided in recent Asia Cup and ICC events since 'Operation Sindoor' last year.
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
The Enforcement Directorate (ED) conducted searches in Jaisalmer, Rajasthan, investigating the alleged misuse of Rs 5.10 crore in foreign donations from a non-FCRA registered Belgian entity for proselytisation activities. Two local residents are accused of receiving funds without proper registration, disguising them as educational or cultural services, and using them to influence vulnerable communities.
Check Point Software Technologies has appointed Krishnan V V as its Managing Director and Country Head for India and South Asia. He will be responsible for business strategy, P&L, go-to-market execution, and organisational development, leveraging his three decades of leadership experience in the cybersecurity and technology sectors.
Dupahiya 2 offers a chaotic yet engaging follow-up to its first season, notes Deepa Gahlot.
Indian badminton players, including PV Sindhu and Unnati Hooda, were eliminated in the quarterfinals of the Asian Games individual competitions, failing to secure any medals.
'Hydro-seismicity is a phenomenon that typically shows up during and just after the monsoon.' 'Heavy rain causes water to percolate deep into the rock, and where there are fractures, that water fills the pores and builds up what we call pore water pressure.' 'That pressure can widen existing cracks, and eventually the rock gives way -- which surfaces as tremors.'
Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu have lauded Indian pilot Smit Machchhar as a hero for thwarting an alleged attempt to crash a flydubai flight, saving 174 lives. Machchhar, despite being seriously injured, resisted the attacker and helped prevent a catastrophic mid-air disaster.
Lovlina Borgohain (75kg) and Parveen Hooda (65kg) have clinched gold medals in women's boxing at the Asian Games, ending India's 12-year wait for titles in the category.
India's compound mixed archery pair of Chikitha Taniparthi and Sahil Jadhav won a gold medal and secured a 2028 Olympic quota place at the Asian Games by defeating Korea in a thrilling shoot-off. This victory marks a significant achievement for Indian archery, following another gold in the women's compound team event.
