NEW DELHI: Income-tax refunds are facing unusual delays this assessment year, with tax professionals flagging longer processing times even for routine filings. CBDT data shows personal income-tax refunds have fallen to Rs 88,548 crore by early November, compared to Rs 1.42 lakh crore a year earlier. Total refund outgo up to November 10 stands at…
MUMBAI: The rupee, which slipped from 87.85 to 88.72 against dollar between Aug and Oct 2025 and now to 90.20 in Dec, remains fundamentally undervalued even as other emerging market countries register currency gains.The undervaluation reflects the manner in which foreign capital outflows continue to influence the rupee rather than a decline in domestic fundamentals.According…
Market analysts anticipate range-bound trading in the short term, with focus on currency movements, RBI policy signals, and trade talk progress. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Thursday. While Nifty50 was below 26,000, BSE Sensex was down nearly 100 points. At 9:19 AM, Nifty50…
MUMBAI: Japan’s second-largest alloy maker JFE Steel Corporation will buy a 50% stake in the steel business of Bhushan Power & Steel for Rs 15,750 crore, ramping up its play in India’s metal sector.Bhushan Power & Steel was acquired by JSW Steel in 2021 for Rs 19,350 crore through the bankruptcy process. JFE has been…
MUMBAI:Stock markets extended their losing run to the fourth consecutive day on Wednesday as persistent foreign fund outflows and the rupee breaching the psychological 90-to-dollar low hit investor sentiment, dragging the benchmark sensex down by 31 points. The 30-share index settled at 85,107 points.It opened lower and dropped further by 375 points to hit a…
Jaguar Land Rover has reportedly removed its long-time design chief Gerry McGovern in a sudden and unexpected move, just days after P B Balaji stepped in as the new CEO. According to AutoCar India, McGovern, 69, was asked to leave on Monday. The reason for his dismissal is not clear.The development brings an abrupt close…
MUMBAI: Reliance Retail Ventures has appointed former Flipkart executive Jeyandran Venugopal as president & CEO as the company prepares for an IPO.Jeyandran’s mandate is to strengthen the retail portfolio, accelerate omni-channel growth and drive technical and operational excellence. He will work closely with Isha Ambani, executive director at Reliance Retail Ventures and the leadership team…
NEW DELHI: India will lead sales of scotch globally as rising disposable incomes and lower import duty — once the India-UK Comprehensive Economic and Trade Agreement (CETA) comes into play — will spur demand and drive greater engagement between whisky companies of the two countries, the top body representing Scotch whisky makers has said.The Scotch…
MUMBAI: The rupee broke the psychologically crucial 90 mark against the US dollar for the first time and slid to an intra-day low of 90.29 against the greenback on Wednesday before settling 32 paise below Tuesday’s close at 90.19, extending a decline that now threatens to spill over into the wider economy.The currency has weakened…
FPI inflow in indian stock market MUMBAI: In the first three days of the current month, foreign funds have net sold Indian stocks worth more than $800 million, thus weighing on the rupee, market players said. So far in 2025, net outflow by foreign portfolio investors (FPIs) from the cash segment of the stock market…
