Business

New Delhi: The Lok Sabha Monday passed the Income Tax Bill, 2025, marking a significant step towards replacing India’s six-decade-old direct tax framework with the government seeking to balance investor confidence, taxpayer relief, and administrative efficiency with the new law. The legislation, once enacted, will...

New Delhi: Amid continued Opposition protest, the Lok Sabha Monday passed two important legislations pertaining to taxation -- Income-Tax (No 2) Bill and Taxation Laws (Amendment) Bill. The Income-Tax (No.2) Bill, 2025, seeks to consolidate and amend the law relating to Income Tax Act 1961....

New Delhi: Tata Group-owned Air India Monday said it is suspending its services between Delhi and Washington, D.C., effective from September 1, 2025, due to a combination of operational factors. The airline, which has been facing a myriad of issues since the fatal Boeing 787...

New Delhi: The government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods, an official said Monday. These 50 countries account for...

Mumbai: Benchmark BSE Sensex rallied 746 points to close above the 80,000 mark Monday following buying in oil, auto and banking shares amid fresh foreign fund inflows. The 30-share Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08 with 26 of its...

New Delhi: Finance Minister Nirmala Sitharaman Monday introduced the Taxation Laws (Amendment) Bill, 2025, which aims to provide tax exemptions to subscribers of the Unified Pension Scheme. The Bill, introduced in the Lok Sabha, also incorporates changes in the scheme of block assessment with regard...

Brussels: European Union (EU) foreign policy chief Kaja Kallas said that any agreement between the United States and Russia must include Ukraine and the EU, as the two countries prepare for talks on a possible ceasefire of conflicts in Ukraine. "Any deal between the US...

New Delhi: Union Finance Minister Nirmala Sitharaman was all set to introduce the revised Income Tax Bill 2025 in the Lok Sabha Monday. The updated Income Tax Bill 2025 incorporates 285 suggestions from the Parliamentary Select Committee. The new legislation aims to simplify tax processes...

New York: US President Donald Trump has not yet decided on imposing levies on China for purchasing oil from Russia, as Washington's ties with Beijing “affect many things that have nothing to do with the Russian situation", Vice President J D Vance has said. “Well,...

New Delhi: Stock markets will be driven by inflation data, trade-related news, earnings and trading activity of foreign investors in a holiday-shortened week, analysts said Sunday. Global market trends will also influence trading sentiment this week, they added. Equity markets would remain closed Friday for...