The income-tax department has launched a significant verification drive targeting 394 entities and 36 professionals over suspected irregularities in substantial foreign remittances made over the past three years, aiming to uncover potential tax evasion and fraudulent transactions.
India's private sector activity slowed to a four-year low in July, with the HSBC Flash Purchasing Managers' Index (PMI) falling to 54.3, driven by weakened sales and output amidst renewed tensions in West Asia and rising inflationary pressures.
India's services sector experienced its weakest growth in four-and-a-half years in July, as new business orders, both domestic and export, eased due to intense competition and declining demand. Despite a modest rebound in job creation and improved profit margins, overall business confidence slipped, reflecting a broader slowdown in the economy.
The Supreme Court has criticised RTI activism, calling it a "new business," while denying anticipatory bail to an activist accused of obstructing road construction work and intimidating public servants in Punjab.
The Income Tax Department has initiated a nationwide verification drive targeting suspicious foreign remittances made by entities with minimal business activity, including those in border districts, and is scrutinising the chartered accountants who issued the mandatory tax determination certificates.
India's services sector growth experienced a significant slowdown in June, reaching a 17-month low due to challenging market conditions and reduced domestic client interest, as indicated by the HSBC India Services PMI Business Activity Index.
India's manufacturing sector experienced a moderation in growth during June, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 54.2 from 55.0 in May. This slowdown is attributed to softer increases in new business orders and international sales, leading to reduced expansions in buying levels, employment, and output.
India's private sector activity saw a significant recovery in April, driven primarily by robust growth in manufacturing output and sales, following a three-year low in March attributed to the West Asia conflict.
The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.
The Maharashtra Food and Drug Administration (FDA) has suspended the licences of 14 food business establishments linked to online platforms such as Blinkit, Zepto and Instamart after a state-wide inspection drive found safety and hygiene violations, officials said on Friday.
The Hitman still probably hurts over missing World Cup glory in 2011 and his stellar career rightfully deserves one last hurrah at the ODI World Cup.
The Allahabad High Court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account during cybercrime investigations. The court stated that restraint must be proportionate to the suspected proceeds of crime, directing banks to de-freeze accounts beyond the disputed amount. This ruling aims to protect innocent account holders from complete financial deprivation due to minor disputed transactions.
The Karnataka government has suspended the food licences of Amazon, Swiggy Instamart, and Bigbasket due to the online sale of toxic Dhatura fruits/seeds. Citing public health and food safety concerns, authorities have also ordered the suspension of licences for suppliers to these platforms and mandated the removal of all Dhatura-related listings.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
Fintech company Cashfree Payments India Private Limited has significantly reduced its consolidated net losses to Rs 118.5 crore in FY26 from Rs 154 crore in FY25. The firm also saw a substantial revenue growth of over 51 per cent, reaching Rs 967.4 crore. Co-founder & CEO Akash Sinha highlighted achieving EBITDA profitability in March 2026 and outlined plans for full-year profitability in FY27, driven by growth in SMB and cross-border payments.
Shabnam Sinha is set to take over as the Chairperson of Airtel Payments Bank for a three-year term starting October 1, 2026, succeeding Sunil Mittal, who concludes his tenure as non-executive Chairman.
India's services sector experienced its strongest growth in six months in May, with the HSBC India Services PMI Business Activity Index rising to 59.8. This expansion was driven by healthy demand, new client acquisitions, and improved new business intakes, alongside a softer rise in cost burdens.
Russia remains India's biggest fertiliser supplier, with imports rising nearly 40 per cent in 2025.
When a student asks AI to explore an idea, challenges its response, asks for alternatives, improves the output and decides what is worth retaining, the student is practising behaviours that are central to leadership, says Jaspreet Bindra, co-founder and CEO of AI & Beyond, an organisation promoting AI literacy.
Former Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai and ex-trustee Anil Mishra, who had stepped down amid a temple donation theft controversy, are now actively holding meetings and interacting with seers in Ayodhya. This re-emergence coincides with the Special Investigation Team (SIT) sharing its final report on alleged irregularities in Ram temple donations with the Trust, sparking speculation about its findings.
The Federal Bureau of Investigation (FBI) has issued a 'Wanted' notice for Indian national Major Singh, alleging his involvement in a transnational criminal organisation engaged in racketeering and unlicensed firearms dealing, linked to the 'Jaggu Bhagwanpuria Organised Crime Group' which originated in Punjab, India.
Maharashtra's Food and Drug Administration (FDA) has issued a notice to a spice and dry fruits shop in Pune, owned by the family of Siya Goyal, an accused in a murder case, ordering it to cease operations due to alleged violations of food safety norms, including suspected adulteration and labelling issues.
Six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, are poised to collectively raise nearly Rs 5,600 crore through initial public offerings (IPOs) in the upcoming week, adding to the bustling primary market activity.
Bank fraud is no longer just an external cyber threat -- insiders with legitimate access can exploit banking systems, trusted credentials and institutional blind spots to quietly siphon money.
Lingam Ravindra Rao, 72, and his 17-year-old grandson, Anuraag Pokuri, have successfully scaled Mount Elbrus, Europe's highest peak. Rao is now the oldest Indian to achieve this feat, while Anuraag is the youngest Indian-origin person to climb both the West and East peaks back-to-back. This remarkable expedition highlights their shared passion for mountaineering and their ambition to complete the Seven Summits.
The Confederation of Indian Industry-Indian Women Network (CII-IWN) organised a hands-on Artificial Intelligence (AI) workshop in Chandigarh for women entrepreneurs and professionals. The session focused on practical applications of AI, including generative AI and LLMs, to address business challenges and enhance productivity across various functions like marketing, content creation, and data analysis.
'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.'
If Khalifa: The Ruler continues to bleed at the box office, the odds of a big-budget sequel materialising drop to practically zero. The harsh reality of franchise filmmaking is incredibly simple: If the 'ruler' fails to conquer, absolutely no one is going to care about the 'legacy', no matter how many superstars you cram onto a poster.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
Keeping KYC information accurate and current should, therefore, be seen not merely as meeting a regulatory requirement, but as an important part of safeguarding one's own financial identity and safety, explains RBI Deputy Governor J Swaminathan.
Prime Minister Narendra Modi held a breakfast meeting with 37 BJP MPs, including recent AAP defectors, where he emphasised the importance of smooth parliamentary proceedings. He also advised MPs on taking their roles seriously, utilising the Parliament library, engaging with youth, and effectively implementing MPLADS.
Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.
Metals and mining conglomerate Vedanta aims to achieve $10 billion in group Ebitda by FY27, a significant increase from $6 billion in FY26, and plans to reduce its overall debt by more than 20,000 crore during the same period, according to CFO Ajay Goel.
Who is running the show in Dhaka? This kind of flip-flop, culminating in a last-minute decision to skip a maiden visit, can happen only when the remote is in the hands of one of the competing lobbies within the BNP -- one that appears determined to play a game of chess with India.
An inquiry committee's report into allegations against Justice Yashwant Varma, who faced removal proceedings over unaccounted cash found at his residence, was tabled in Rajya Sabha. The report details the investigation into the alleged discovery of burnt currency following a fire at his official residence. Justice Varma has since resigned, rendering the removal proceedings infructuous, though his resignation is yet to be formally notified.
Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.
Researching Japan was like going down a rabbit hole. There is just so much to see and do, but I finally decided we would stick to the 'Golden Route' of Tokyo, Osaka and Kyoto, notes Radhika Mittal.
Delhi Police have arrested seven individuals, including a former bar singer and an ex-banker, for allegedly posing as CBI officers to conduct fake raids and extort money or valuables in Delhi and Mumbai. The gang reportedly used fake ID cards and notices to intimidate targets.
'People have been facing significant difficulties due to skyrocketing airfares, and road transportation was inaccessible until now.'
'I've seen a lot of meetings over the years, but this was the first time I've seen the deputy chief minister and the industries minister sit through something like this with 200 to 300 industrialists, local residents and politicians from both the ruling side and Opposition, all in the same room.'
