Weaker rupee may push foreign assets above FAST-DS Rs 1 crore limit: Taxpayers could lose the disclosure window which allows lower 60% tax outgo and face a steeper income tax bill

Since the tax payable through an updated return could be higher, an assessee may potentially save Rs 30-40 lakh. Income tax alert! If you have foreign assets then you need to be mindful of the negative impact on your tax outgo that the recent decline in rupee’s value versus the US dollar could have had.The…

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Gold, silver price prediction: Will gold hit Rs 1.7 lakh/10 gms soon? Check outlook on August 27, 2026

The breakout level of 156,000 level from the formation and last week’s key support, remains the crucial floor to watch. Gold and silver price prediction today: Gold prices are showing encouraging signs and the near-term trend remains bullish, while the base trend for silver also remains positive, says Abhilash Koikkara, Head – Forex & Commodities,…

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Sugar leaves bitter taste as retailers impose caps

Meagre stock has also pushed up sugar prices—earlier this week. MUMBAI: Ahead of the festival of Raksha Bandhan, when demand for sugar tends to surge in Indian kitchens, consumers are in a bind. Major online grocery platforms and offline retail chains are limiting the number of sugar packs customers can buy, to manage supplies of…

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Goods exports rise 15%+, top $200 billion

On the import side, there is some pressure due to higher prices of oil and fertiliser. (File photo) NEW DELHI: India’s goods exports hit the $200-billion mark during the financial year up to Aug 21 on the back of a sustained over 15% rise in shipments from the country, raising expectations within govt that this…

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At 18k, India sees most mobile threat detections in 8 Apac markets: Report

Attackers are using fake promotions, phishing pages, fraudulent surveys to steal credentials, says report NEW DELHI: India recorded the highest number of mobile threat detections among eight Asia-Pacific markets analysed by cybersecurity firm Kaspersky in the first quarter of 2026, highlighting the growing risks for users as attackers become more persistent and sophisticated.India saw 18,187…

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Are IT cos simply raising capacity or adding value?

TCS, for instance, is acquiring Porsche’s technology subsidiary MHP for $373 million. BENGALURU: It is, in many ways, a captive centre redux. Buy the captive, win the bigger deal. That is increasingly becoming a playbook for Indian IT companies, which are acquiring client technology units and specialised businesses to anchor much larger, long-term partnerships.But the…

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