Representational image of a taxpayer filing returns | Photo Credit: Getty Images The Income Tax department on Thursday (November 27, 2025) said it has identified “high-risk” cases where individuals have not reported foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26. The Department will start sending SMS and emails to…
In a move that could reshape India’s electric mobility and electronics industries, the Union Cabinet has approved a ₹7,280-crore scheme to manufacture rare earth permanent magnets domestically. The scheme would facilitate the creation of integrated Rare Earth Permanent Magnet (REPM) manufacturing facilities, involving the conversion of rare earth oxides to metals, metals to alloys, and…
Bombay Stock Exchange (BSE) building. Sensex and Nifty on Thursday (November 27, 2025) records high. | Photo Credit: PTI Stock market benchmark indices extended their previous day’s rally in early trade on Thursday (November 27, 2025), with the Nifty hitting its fresh record high amid favourable global trends on growing hopes of a U.S. Fed…
Representational image of Union Commerce and Industry Minister Piyush Goyal with UAE Economy Minister Abdulla bin Touq Al-Mari | Photo Credit: PTI India and the United Arab Emirates (UAE) have discussed issues related to market access, data sharing, allocation of gold import quota, anti-dumping, and services to boost economic ties, the Commerce Ministry said on…
Image for representational purposes only. File | Photo Credit: Reuters The rupee stayed weak trading 2 paise lower at 89.24 against the U.S. dollar in early trade on Thursday (November 27, 2025) due to increased demand of American currency from importers amid volatile global trade. According to forex traders, the rupee found support from fresh…
Gold prices increased by ₹962 per 10 grams to ₹1,26,081 on Wednesday against the previous close of ₹1,25,119, following the bullish trend in the global markets and rupee depreciation against the dollar. The yellow metal prices have been on the up trend and gained ₹3,520 per 10 grams in the last three trading sessions, according…
Ms. Gupta also spoke about initiatives brought in by the RBI to disseminate data. She said that the balance of payments (BoP) data is soon expected to be released on a monthly basis. Photo: X/@PIBMumbai “There is no systemic bias in the central bank’s inflation forecast,” said Poonam Gupta, Deputy Governor of RBI, adding that reducing…
Representative image | Photo Credit: Reuters The rupee slipped 1 paisa to close at 89.23 (provisional) against the U.S. dollar in a range-bound trade on Wednesday (November 26, 2025), as firm domestic equities and a slide in global crude prices offset the impact of a strengthening greenback. Foreign fund outflows and concerns over geopolitical developments…
Snapping the three-day falling streak, benchmark Sensex rebounded by 1,022 points while Nifty reclaimed the 26,000 level on Wednesday (November 26, 2025) on across-the-board buying aided by a rally in global peers amid growing hopes of a U.S. Fed rate cut and fresh foreign fund inflows. The 30-share BSE Sensex jumped 1,022.50 points or 1.21%…
Union Minister Ashwini Vaishnaw during Cabinet decision briefing on November 26, 2025. Photo: YouTube/PIB India The Union Cabinet on Wednesday (November 26, 2025) approved the ‘Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets’ with a financial outlay of ₹7,280 crore. At present, India’s demand for REPMs is met primarily through imports. “This first-of-its-kind…
