Banking And Finance
Income Tax: Can a third-party document alone lead to a tax demand? ITAT says no
The Delhi bench of the Appellate Tribunal (ITAT) has ruled that the Income Tax Department cannot make additions for alleged undisclosed income merely on the basis of a loose sheet…
Can GST officers issue a fraud notice without proof? Madras HC explains
The Madras High Court has ruled that GST officers need not conclusively establish fraud before issuing a notice under Section 74 of the CGST Act. The judgment clarifies the legal…
AI and robots can replace coders, but not nurses, labourers or teachers: Report finds jobs costliest to automate
Despite rapid advances in and robotics, many physical and care-based jobs remain far too expensive to automate. A June 2026 report by Planera found that replacing workers in professions such…
EPFO VISHWAS 2026 explained: Who is eligible for lower PF penalties? All FAQs answered
The (EPFO) has launched VISHWAS 2026, a one-time dispute resolution scheme that enables eligible employers to settle pending disputes over damages imposed for delayed provident fund (PF) contributions by paying…
Market
Omega Seiki Mobility seeks ₹125 crore in pre-IPO funding to fuel EV expansion
Faridabad-based Omega Seiki Mobility (OSM), maker of the Rage+ cargo electric three-wheeler and Stream City passenger electric three-wheeler, is evaluating a public listing while seeking to raise around ₹125 crore…
DeepSeek is preparing for IPO filing as soon as this year
Chinese AI pioneer DeepSeek is considering raising more funds weeks after closing a $7 billion round of financing, the Financial Times reported, citing people with knowledge of the deal. The…
Tata Capital gives dollar bond guidance, final price by this week, bankers say
India’s Tata Capital has given an initial price guidance of U.S. Treasury plus 140 basis points for its U.S. dollar-denominated bonds maturing in three-and-a-half years, two merchant bankers aware of…
Nuvoco Vistas share price rallies 12% on strong Q1 results FY27. Should you buy or sell?
Nuvoco Vistas share price rallied as much as 12.38% on NSE in Wednesday’s trading session after the company reported strong set of numbers during the June quarter results (Q1 results…
Market
Zoho deepens vertical SaaS push with AI-powered education platform
Chennai: Enterprise software provider Zoho on Wednesday launched an AI-powered platform for schools, colleges and universities as the Chennai-headquartered company expanded its push into vertical SaaS. The company also told…
Renault brings Korea turnaround playbook to India as Deblaise, Goyal discuss €2-billion export push
Fresh from engineering Renault’s operational turnaround in South Korea, Renault India CEO and Managing Director Stéphane Deblaise is bringing that turnaround playbook to India after holding talks with Union Commerce…
Target has 40% of global tech workforce in Bengaluru
US headquartered retailer Target Corporation said that 40 per cent of its global technology workforce is based in Bengaluru, positioning the city as the execution hub for its digital transformation.…
Kenro Capital eyes $120-150 million fund to back startup secondaries
Kenro Capital, an investment firm focused on late-stage secondary deals in India and Southeast Asia, is in the final stages of raising a $120-150 million fund from global and domestic…
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