Net direct tax collection grew 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11, the Income Tax Department said on Monday.The mop-up includes net corporate tax collection of over Rs 8.63 lakh crore and tax from non-corporates, including individuals and HUFs, of Rs 9.30 lakh crore.Securities Transaction Tax…
Reserve Bank of India Deputy Governor Swaminathan J on Friday called for a fundamental shift in banking supervision, stressing that oversight must move from periodic, point-in-time assessments to continuous awareness, as digital risks increasingly redefine financial stability, PTI reported. Speaking at the Third Annual Global Conference of the College of Supervisors on ‘Issues and Challenges…
Employee Stock Option Plans (ESOPs) have emerged as a critical tool for companies to attract and retain talent. Yet, despite their growing use, especially in multinational group structures, the tax treatment of ESOPs in India continues to be riddled with uncertainty, leading to disputes for both employers and employees.Two areas warrant urgent attention which Budget…
A year after US President Donald Trump introduced a fresh round of tariffs, the economic fallout has proven uneven, with employment taking a clearer hit than prices. At the time, economists warned that the measures would drive up inflation and push unemployment higher. Data from 2025 suggests those concerns were only partly true. While the…
Valuation is not about finding some precise magic number. (AI image) Once you start liking quality businesses, it’s tempting to believe that you can pay almost any price for them. The story feels so strong that valuation becomes an afterthought. We’ve heard this many times: “It’s a great company, I don’t mind paying a bit…
Budget 2026 should introduce a gold-linked credit line via UPI, enabled for NBFCs. (AI image) By George Alexander MuthootUnion Budget 2026 comes at a critical juncture for India’s growth journey. With political stability, resilient macro fundamentals and strong domestic demand, the government has an opportunity to deepen financial inclusion while accelerating credit-led growth. For the…
IT services firm HCLTech on Monday reported an 11.2% year-on-year decline in consolidated net profit to Rs 4,076 crore for the October–December quarter of FY26, compared with Rs 4,591 crore in the year-ago period.The Noida-headquartered company, however, posted strong top-line growth, with revenue from operations rising 13.3% to Rs 33,872 crore in the third quarter,…
FILE – The Social Security Administration’s main campus is seen in Woodlawn, Md., Jan. 11, 2013. (AP Photo/Patrick Semansky, File) When the first Social Security cheques of 2026 start landing on January 14, nearly three-quarters of the US will experience a familiar but quietly consequential ritual. A new cost-of-living adjustment (COLA) kicks in, lifting monthly…
Indian stock markets will remain closed on January 15 after exchanges revised their schedules in view of municipal corporation elections in Maharashtra. Both BSE and NSE have now declared a full trading holiday for the day, replacing an earlier notification that had marked it only as a settlement holiday, ET reported.According to BSE, trading across…
IT giant TCS reported 5% year-on-year growth in revenue from operations, which rose to Rs 67,087 crore in the third quarter, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.Meanwhile the company giant reported a 14% year-on-year decline in consolidated net profit to Rs 10,657 crore for the December quarter,…
