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Parliament panel for TDS refunds after due date without fine

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A parliamentary panel led by BJP's Baijayant Panda has recommended continuing tax exemptions for anonymous donations to religious-cum-charitable trusts in the new Income Tax Bill, 2025. The committee suggests allowing taxpayers to claim TDS refunds even after the ITR filing deadline without penalties. The report also proposes significant changes to how the bill treats income for non-profit organizations. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ogLyCkl
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Tariff deadline Aug 1, US team to visit India in 2nd half of month

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Despite Trump's August 1st deadline, US negotiators will visit India later in August, aiming for a bilateral trade agreement by Fall. Sticking points remain, particularly regarding American agricultural and dairy access, which India resists. India seeks gains in textiles, footwear, and auto parts. Trump's insistence on agricultural concessions and opaque deal-making with other nations are also concerns. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tz82umk
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HDFC duo's merger still looms over industry's credit growth

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The HDFC and HDFC Bank merger continues to impact credit growth, pulling industry figures into single digits in Q1FY26. HDFC Bank's loan growth slowed post-merger to prioritize balance sheet stability, impacting overall banking system performance. While mortgage growth was slower than the industry average due to intense competition, the bank anticipates consumption recovery and MSME segment growth. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZIAgvrH
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‘Adani group to invest Rs 96,000 crore in airports business over 5 years’

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Adani Group plans to invest nearly Rs 1 lakh crore in its airport business in India over the next five years, focusing on infrastructure and real estate development. The investment will primarily target Navi Mumbai Airport, Mumbai Airport, and expansions in Ahmedabad, Jaipur, Thiruvananthapuram, and Guwahati. The group aims to capitalize on India's growth potential in the aviation sector. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MB2QqnX
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D-Street ahead: What will guide market sentiment this week? Here's all you need to know

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The upcoming week is poised to be eventful for the stock market, influenced by a multitude of factors. Investors will closely monitor Q1 corporate earnings from major companies, US market trends, and various corporate actions like dividends and bonus issues. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YZJimG6
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Trump administration imposes restrictions on Mexican flights; threatens Delta-Aeromexico partnership; blames Biden for aviation deal breach

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The Trump administration has announced new flight restrictions from Mexico, potentially ending the Delta-Aeromexico partnership in response to Mexico's limits on flights into Mexico City. Transport Secretary Sean Duffy cited unfair advantages for Mexican carriers due to the redirection of flights to Felipe Angeles International Airport. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MX9ex7s
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Blackstone drops out TikTok US deal consortium: Why the firm backed out? Key reasons explained

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Blackstone has withdrawn from the consortium aiming to invest in TikTok's US operations, adding to the uncertainty surrounding the deal. The investment group, led by Susquehanna International Group and General Atlantic, was considered the front-runner to acquire majority control. The exit comes amid delays and US-China trade tensions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/yQvpAIq
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