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Showing posts from July, 2025

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

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

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

‘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

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

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

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

HDFC & ICICI Bank report strong earnings with record profits in Q1

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HDFC Bank and ICICI Bank both reported robust earnings growth for the June 2025 quarter, fueled by increased interest and non-interest income. HDFC Bank announced a bonus issue and dividend, with net profit rising 12.2%. ICICI Bank's net profit grew by 15.4%, driven by income growth, while both lenders expressed caution regarding margin pressures and certain retail lending segments. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7CoXtlG

Sebi looks to expand mutual fund categories

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SEBI is considering changes to scheme categorization, potentially allowing sectoral debt funds and investments in REITs and InvITs. The regulator is also exploring solution-oriented life cycle fund of funds with lock-in periods for goals like retirement. These funds could shift asset allocation over time, becoming more conservative as the target date approaches, with modifications to investment objectives and benchmarks planned. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zqmn8Ir

Asian Paints exit pumps RIL’s profit to record Rs 31,000 crore in Q1

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Reliance Industries reported a 76% surge in quarterly profit, reaching Rs 30,681 crore, driven by gains from stake sales and robust growth across its O2C, retail, and digital services. Jio's strong performance, with an ARPU of Rs 209 and a large customer base, significantly contributed to the overall positive results. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rd3I8et

Long-term F&O contracts can reduce volatility: Sebi official

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Sebi wants to improve India's derivatives market. Ananth Narayan suggests extending F&O contract tenures. He highlights concerns about short-term trading dominance. Regulators worry about household savings in speculative trading. A Sebi study reveals significant losses for individual F&O traders. Recent regulations aim to discourage short-term trading. Sebi acknowledges industry concerns about revenue impact. The focus is on sustainable market practices. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oUyELGZ

SBI looks to mop up record Rs 45,000 crore through equity, debt

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SBI is set to raise Rs 45,000 crore from capital markets, including a Rs 25,000 crore QIP, potentially the largest in India. This equity dilution of 3.3% follows board and shareholder approvals. The floor price is Rs 811.05 per share, with a possible 5% discount. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/anUDe8S

Tata Technologies, Sun Pharma & more: Top stocks on brokers' radar for July 17, 2025

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Brokerage firms have varying outlooks on several companies. JP Morgan downgraded Tata Technologies due to mixed Q1 results, while Goldman Sachs is optimistic about Ola Electric's path to profitability. JM Financial initiated coverage on Kalyan Jewellers with a buy rating, citing growth opportunities. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MLePJWT

Sweet deal? Donald Trump claims Coca-Cola has agreed to use 'real' cane sugar in US drinks; company responds

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Donald Trump announced on Truth Social that Coca-Cola has agreed to replace high-fructose corn syrup with real cane sugar in its US soft drinks, following his request. Coca-Cola acknowledged Trump's support but didn't confirm the change. The potential switch sparks debate over economic impacts and health implications, as Trump's history with Diet Coke adds intrigue. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UKhgpxS

US pharma threats: Donald Trump says ‘very high tariff’ for drug companies by the end of month; semiconductors to follow soon

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President Trump announced potential tariffs on imported pharmaceuticals by month's end, followed by semiconductor levies. These actions, under Section 232, aim to bolster US production, citing national security concerns due to high import volumes. The pharmaceutical tariffs could significantly impact major drugmakers, while semiconductor tariffs may affect tech giants and consumer prices. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/E3NiQ1A

Top stocks to buy today: Stock recommendations for July 16, 2025 - check list

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Stock market recommendations: Anand Rathi Shares suggests buying Tilak Nagar Industries, Orchid Pharma, and ITC. Tilak Nagar Industries shows range breakout with volume support. Orchid Pharma indicates potential breakout after downtrend. ITC displays renewed strength with an Inverse Head and Shoulders pattern. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/21pzE7b

Trump announces new deal with Indonesia at reduced 19% tariff rate

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Donald Trump announced a new trade agreement with Indonesia, significantly reducing tariffs on Indonesian exports to 19% and granting full market access to American goods. Indonesia has committed to purchasing billions in US energy, agricultural products, and Boeing jets. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NmD8h4q

Pentagon-xAI deal: Musk-owned AI bags $200 million defence contract; days after Grok chatbot's anti-Semitic row

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The Pentagon has awarded contracts, each capped at $200 million, to leading AI firms including xAI, Anthropic, Google, and OpenAI. This decision comes despite recent criticism of xAI's Grok chatbot for generating offensive content. The contracts aim to leverage US AI companies' technology to develop AI workflows for various defense missions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/OPc5zrW

Trump tariffs: US slaps 17% duty on Mexican tomato imports; commerce department calls move fair protection for farmers

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The US government has imposed a 17% import duty on most fresh tomatoes from Mexico. This decision aims to protect the American tomato industry. Talks between US and Mexican officials failed to reach a new agreement. The duty took effect immediately. It is expected to raise tomato prices in the US. American growers are likely to benefit from this move. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SslDGTg

Rural boost: RBI allows gold pledge for agricultural loans

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RBI's new directive allows banks to accept voluntary gold and silver pledges for agricultural and MSME loans up to Rs 2 lakh, even within collateral-free limits. This aims to enhance financial inclusion in rural areas where gold is a liquid asset, enabling faster loan processing and reducing reliance on informal lenders. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/TmhyZcj

Relaxed emission norms for thermal generation to reduce power costs

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India has revised its 2015 mandate for installing flue gas desulphurisation (FGD) units, now focusing on coal-fired plants within 10 km of cities with over 1 million residents. This change, driven by cost concerns and studies indicating lower-than-threshold sulphur dioxide levels, is expected to reduce power costs. While criticised by environmentalists, officials claim the recalibration is efficient and climate-conscious. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/gfurxD6

Stock market this week: Key factors expected to influence D-Street - check details

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Indian markets concluded the week with losses exceeding 1%, influenced by global tariff uncertainties and a tepid start to Q1 earnings. The Nifty50 breached its 20-day EMA, signaling potential consolidation. Investors will closely monitor upcoming Q1 earnings from major companies and key inflation data from India and the US for future direction. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Sybn9dt

Mercedes-Benz India to hike prices in September; marks third increase this year - key reasons behind

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Mercedes-Benz India will increase vehicle prices by 1-1.5% in September, according to MD and CEO Santosh Iyer, due to the weakening rupee against the euro. This marks the third price hike this year. Despite concerns, Iyer believes reduced interest rates and economic growth will sustain demand. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/7dusO4i

NLC India in advanced talks with Russian firm; to source lithium from African mines - check details

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NLC India, a state-owned enterprise, is in advanced talks with a Russian entity to secure lithium from a mine in Mali, Africa, a crucial move for India's energy transition. This initiative aligns with India's strategy to ensure consistent lithium supplies for its clean energy goals, particularly for electric vehicle batteries. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/X905z1P

Trade war explainer: Donald Trump threatens 20%–50% tariff on 23 nations along with EU, Mexico- check full list

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Donald Trump has threatened major trade partners with new import tariffs, ranging from 20% to 50%, demanding individual trade deals by August 1. The EU and Mexico have condemned the proposed tariffs as unfair, while expressing willingness to negotiate. Trump cites trade deficits and fentanyl concerns as justification, despite data showing most fentanyl enters the US from Mexico. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0PtSGMq

I-T relief: Growth in direct tax receipts dips to 3.2%

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Zee shareholders block Rs 2k crore infusion in setback to founder

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Indian team heads back to US to 'negotiate complete trade deal'

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Trump's 50% duty on copper may not impact India

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Vedanta drops 3% after US short seller calls it 'house of cards', firm hits back

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SIPs hit new high in June as D-Street uncertainty eases

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Textiles exporters face fresh trade uncertainty amid Trump's latest announcements

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New US tariffs have created market uncertainty, potentially benefiting Indian textile exporters over Bangladesh. However, concerns remain about competition from China and the need for government support. Industry seeks zero duty on key exports, hoping a trade deal with the US will improve competitiveness, especially in synthetic garments, despite existing cost disadvantages and capacity limitations. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BDxKPmY

50% on copper, 200% on Pharma: Donald Trump talks of new US tariffs soon; ‘they're going to be tariffed at a very…’

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President Trump declared a 50% tariff on copper imports and hinted at a potential 200% tariff on pharmaceuticals. This pharmaceutical tariff would have a grace period of one to one and a half years for companies to relocate operations to the US. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/GZ9Lta4

West Bengal to host ‘Business and Industry’ Conclave: Event likely later this year; things to know

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West Bengal is set to host a 'Business and Industry Conclave' after the Puja festivities, aiming to accelerate industrialization before the upcoming assembly elections. The state-level investment and synergy committee is preparing the roadmap, focusing on growth potential and employment. In the last three months, the committee has cleared proposals for 3,165 projects across various sectors. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/zIQCeP8

Fintechs must drive financial inclusion: Financial services secretary

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Any nation backing Brics will face 10% extra tariff: Donald Trump

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e-PAN card fraud alert! Received email prompting PAN Card download? Check important message from Income Tax Department

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Be cautious of fraudulent emails claiming to offer e-PAN card downloads. The Press Information Bureau warns these messages are fake and designed to steal personal information. The Income Tax Department never requests sensitive data via email and advises against clicking suspicious links. Report any suspected phishing attempts to the provided email addresses and delete the message. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/n7dX3lZ

How much would you pay for 10-min delivery?

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Quick commerce platforms like Swiggy Instamart and Blinkit are facing consumer pushback due to rising fees, including handling, delivery, and surge charges. This is prompting shoppers to compare prices with local vendors and plan purchases to avoid extra costs. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sF0iDPe

Good news for Indian Railways passengers! Soon you may get higher refund on IRCTC train tickets - here’s what’s being planned

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Indian Railways is considering reducing or eliminating 'clerkage' fees deducted from cancelled waitlisted tickets, potentially benefiting passengers. This move comes as online bookings increase and operational costs decrease. Simultaneously, Railways will require identity verification for Tatkal bookings starting July 1, 2025, using Aadhaar or DigiLocker. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ovn36iK

Mobility revolution: Gadkari unveils futuristic roadmap; pitches ropeways & hyperloops

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Nitin Gadkari envisions a transformative shift in India's transport sector, emphasizing electric mass transit, hyperloop systems, and ropeway connectivity. The government is actively pursuing innovative mobility solutions to curb pollution, enhance connectivity, and lower logistics expenses. Furthermore, initiatives include expanding highways, adopting green energy, and promoting flex-fuel vehicles to reduce reliance on fossil fuels and boost economic growth. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ra0w4B

Bears hit top 10 firms’ worth by Rs 70k cr; HDFC Bank, ICICI Bank among worst losers

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Amid global uncertainty, six of India's top ten companies, including HDFC Bank and ICICI Bank, saw a collective market valuation loss of Rs 70,325.5 crore last week. The BSE Sensex fell due to FPI outflows and anticipation of US tariff talks. Reliance Industries and Infosys, however, bucked the trend with gains. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8VgoLz5

Sebi bans Jane Street, says disgorge Rs 4.8k crore

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SEBI has banned US-based Jane Street from the Indian market for allegedly manipulating stocks and derivatives, ordering them to return nearly ₹4,850 crore in illegal gains. The firm is accused of strategies involving Bank Nifty stocks and index options to inflate profits. Despite a warning from NSE, Jane Street continued large trading positions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4dWRy65

Weak Re boosts foreign currency FDs

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Attracted by a weak rupee, NRIs significantly increased their foreign currency deposits, with net inflows rising 11% to $7.1 billion in FY25. This surge follows previous outflows during the pandemic. Relaxed interest rate caps by the RBI also contributed to the growth of FCNR (B) accounts, offering tax-free interest and protection from exchange rate fluctuations. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/cWa7HIl

Oil slips after report of likely US-Iran talks

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Microsoft to cut 9,000 jobs in fresh wave

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Tyre exports hit record high of 25k cr in FY25

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Makaibari owner buys 80% in UK's Brew Tea Co

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Government allows cab aggregators to hike peak-hour surge prices

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