If your net income-tax liability exceeds Rs 10,000 in a financial year, you are required to pay advance tax in four installments as per the Income Tax Act, 1961. Net tax liability refers to the estimated tax due after adjusting for TDS. While this rule applies to most taxpayers, the law also provides key exemptions…
The US stock market edged closer to its all-time high on Friday, with Wall Street drifting toward the end of a relatively quiet week, AP reported. The S&P 500 rose 0.3% in early trade, leaving it just 0.2% below its record. The Dow Jones Industrial Average was up 46 points, or 0.1%, while the Nasdaq…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
File photo: Prime Minister Narendra Modi and Russian President Vladimir Putin (Picture credit: AP) India and Russia on Friday firmed up a five-year plan to boost economic and trade ties, even as Washington’s tariffs and sanctions loom, relying on the resilience of the decades-old partnership.Prime Minister Narendra Modi and Russian President Vladimir Putin used the…
European Union regulators on Friday fined Elon Musk’s social media platform X 120 million euros ($140 million) for violating the bloc’s Digital Services Act (DSA), saying the platform’s practices could expose users to scams, manipulation and opaque advertising, according to an ET report.The European Commission announced the penalty after completing an investigation it launched two…
Silver soars to a record high, Indians rush to cash in!The India Bullion & Jewellers Association (IBJA) estimates that about 100 tonnes of old silver were sold in just one week, a volume that typically takes several months to surface. Under normal circumstances, the domestic market receives only 10–15 tonnes of old silver in an…
MUMBAI: Reserve Bank of India’s Deputy Governor, Poonam Gupta, has responded to recent International Monetary Fund (IMF) comments questioning the quality of India’s growth data and classifying the Indian rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more…
Gold prices saw a notable rise on Friday, tracking strong global trends, as investors awaited crucial US inflation data that may influence the Federal Reserve’s future interest rate decisions. On the Multi Commodity Exchange (MCX), February gold futures rose by Rs 751, or 0.58%, settling at Rs 1,30,829 per 10 grams, with a total turnover…
Netflix is one step closer to pulling off one of the biggest entertainment takeovers in recent history. The streaming giant is now in exclusive negotiations to purchase Warner Bros Discovery’s film and television studios, as well as its streaming businesses, after putting forward an offer priced at $28 per share, according to a source with…
With a 1.25% repo rate cut this calendar year, RBI has managed to put more money in your pocket. (AI image) Loan borrowers – whether home, car or personal, have been given an early New Year cheer by the Reserve Bank of India (RBI). The Monetary Policy Committee (MPC) has cut the repo rate by…
