Banking And Finance
Renting a house but not receiving HRA? Non-salaried individuals can still claim tax deduction on rent
Many self-employed professionals, freelancers, and business owners pay rent every month, but cannot claim tax benefits like house rent allowance (HRA) exemption, which is exclusively available to salaried employees This…
Using ChatGPT or Claude AI to file ITR? Experts warn it may not be as reliable as you think
As income tax return filing season is underway, many working professionals are turning to AI tools and sharing their experience on social media. They say artificial intelligence tools like ChatGPT…
Income tax scrutiny: Who could get a tax notice by June 30 and how to respond?
Since the deadline for filing income tax returns (ITRs) is still some time away, June 30 may not seem like an important date for taxpayers. However, for returns filed during…
Bihar approves Sindhu Darshan Yatra grant: Pilgrims can claim up to ₹20,000 travel reimbursement
The Bihar government has approved a new financial assistance programme aimed at encouraging residents to undertake the Sindhu Darshan Yatra in Leh-Ladakh. The decision was cleared during a cabinet meeting…
Market
Will the rupee recovery last?
The Indian rupee has been hitting the headlines frequently since the beginning of the year. The domestic currency fell to a new low of 96.96 against the dollar in May…
US-Iran agreement: Rupee touches 5-week high
The rupee was buoyed on Monday, touching a five-week high, as the US and Iran reached an agreement to end the West Asia conflict, leading to crude oil prices sinking…
Crude Check: Oil futures remain weak
Crude oil prices extended the downtrend over the last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($80.60/barrel) and crude oil futures in the domestic market (₹7,262/barrel) slipped 7.7…
Bullion Cues: Gold and silver futures might drop further
Precious metals slipped over the last week. Gold ($4,155/ounce) and silver ($64.9/ounce) depreciated 1.5 and 4.6 per cent respectively. Similarly, in the domestic market, gold futures (₹1,47,203/10 gm) lost 2.2…
Market
Heera Group case: ED auctions properties worth ₹159 crore to repay investors
The Enforcement Directorate on Saturday said it has auctioned fresh assets worth Rs 159 crore in connection with its money laundering investigation against Hyderabad-based Heera Group, accused of perpetrating a…
Sun Pharma to acquire Innovcare Lifesciences in ₹271 crore deal
Sun Pharmaceutical Industries on Saturday said it will acquire 100% of Innovcare Lifesciences in a deal valued at about ₹271 crore ($28.73 million). Companies to follow Source
Ubisoft’s Claude Guillemot, 69, dies after twin-engine plane bursts into flames in France- What we know
Claude Guillemot, one of five brothers who co-founded French video game giant Ubisoft in 1986 and who served as chairman of Guillemot Corp., died on Friday, 19 June, when a…
Cabin crew error costs Japan Airlines CEO 30% salary cut — But it’s not new to Japanese corporates
To “demonstrate accountability,” Mitsuko Tottori, the Chief Executive Officer of Japan Airlines, will take a 30% cut in her monthly salary for two months following a recent “alcohol-related incident” involving…
Axis
