ED attaches 2 planes, land, windmills worth Rs 510 crore of Anil Ambani's group
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Widow faces tax notice for Rs 60 lakh cash deposits; why ITAT treated it as gift from late husband
The Income Tax Department discovered that a woman had deposited Rs 60,07,500 in cash into her bank account during the financial year 2015-16. However, she had not filed an income tax return (ITR) for the corresponding assessment year. The Assessing Officer (AO) subsequently issued a show-cause notice under Section 148A(b) of the Income Tax Act, 1961. As the woman did not respond, the AO passed an order. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/cOlankz
Centre likely to meet FY27 fiscal deficit target despite despite higher spending: Goldman Sachs
The government is holding steady to its fiscal deficit target of 4.3% of GDP for FY27, even amidst initial financial strains. Increased corporate tax revenues have buffered recent revenue challenges effectively. To address rising costs, the government is implementing thoughtful changes in its spending approach, focusing on capital investments. However, with a reduction in subsidy expenditures, the unpredictable nature of global commodity prices might bring financial hurdles. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4ogxTXa
Apple reclaims world's most valuable company title as Nvidia slips amid AI investment concerns
Apple has reclaimed the position of the world's most valuable company, surpassing Nvidia amid rising concerns. Both companies have seen their stock prices decline, with Apple falling 1.2 percent and Nvidia 4.2 percent. Significant investments in artificial intelligence by major firms have raised questions regarding long-term sustainability. Apple's limited capital expenditure on AI compared to rivals has attracted investor interest and boosted free cash flow projections. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ShB7uvo
AAIB for better coordination between civil, defence aviation authorities
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Indigenous bullet train B28 undergoes 'squeeze test'
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Hello Kitty's spy drama lands in hot water: What went wrong with Sanrio in China
Sanrio has come under fire in China for its collaboration with the Japanese drama VIVANT, which many viewers found offensive. The show's depiction of a fictional Chinese intelligence agency apprehending Japanese spies has ignited fierce online backlash. In response to the criticism from the public and state media, Sanrio's Chinese branch announced it would end the partnership, highlighting the hurdles international companies endure due to ongoing Sino-Japanese tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/HcTmo3G