[ad_1] House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive an HRA component in

[ad_1] BVR Subrahmanyam, CEO of NITI Aayog, on Thursday underscored the critical role of state-level execution in shaping India’s overall investment climate. During a high-level workshop on ease of doing business and investment promotion in New Delhi, he emphasised that there is much to learn from within the country itself, citing the diversity of successful models across states. Subrahmanyam called

[ad_1] Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude prices to surge beyond

[ad_1] The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was higher at 6.89%, AP

[ad_1] The Canara Bank on Thursday (July 10, 2025) informed the Bombay High Court that it has withdrawn its order classifying as “fraudulent” the loan account of a firm linked to industrialist Anil Ambani. After the bank’s disclosure, a Bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Mr. Ambani challenging the bank’s order,

[ad_1] RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial system of our country.

[ad_1] Key supplier: In FY25, Russia accounted for around 35 per cent of the total crude oil procured by India. | Photo Credit: Dado Ruvic US President Donald Trump has endorsed a Bill that proposes a 500 per cent tariff on countries importing oil from Russia, a development that can destabilise India’s trade with its largest crude oil supplier. The

[ad_1] In the backdrop of global uncertainties and geopolitical issues impacting businesses, Tata Consultancy Services Ltd. (TCS) reported 6% growth in net profit at ₹12,760 crore over the year ago period aided by one time gain of ₹600 crore for the first quarter of 2025-26 ending June 30. Revenue at ₹63,437 crore for the quarter, grew 1.3% Year on Year (YoY).

[ad_1] Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. It brought the total

[ad_1] Priyank Kharge, Karnataka’s Minister for Rural Development and Panchayat Raj, IT and BT | Photo Credit: ARUN KULKARNI Amid the Karnataka government’s clampdown on bike taxis, enforced from June 16, the State may be signalling a flexible stance. Speaking at an event in Bengaluru, Priyank Kharge, Karnataka’s Minister for Rural Development and Panchayat Raj, IT and BT, said, “Just

[ad_1] A truck carrying liquor turned turtle after a road caved in during heavy rain, in Gurugram, on Thursday | Photo Credit: PTI Life was thrown out of gear in several parts of Gurugram due to heavy rains in the last two days, which led to flooded streets and caused traffic snarls extending into Delhi. Gurugram authorities advised private institutions

[ad_1] Union Minister of Communications Jyotiraditya M. Scindia. | Photo Credit: Sudhakara Jain For the first time, India is playing a seminal role in setting global telecom standards, said Union Minister for Communications and DoNER Jyotiraditya Scindia. Speaking at Bharat 6G Alliance (B6GA) meeting in Bengaluru on Thursday (July 10, 2025), he said the country was aiming at contributing 10%

[ad_1] India’s private hospital sector is undergoing rapid consolidation with players like Manipal, Apollo and Max Healthcare racing to scale up their presence across regions through strategic acquisitions. The aggressive expansion is being driven by rising demand for quality healthcare, a shift in consumer preference for organised players, and deep-pocketed private equity backing. In its latest move, Manipal Hospitals has

[ad_1] Google on Thursday unveiled new open-source AI innovations and initiatives aimed at strengthening India’s agriculture sector and making AI models more sensitive to the country’s linguistic and cultural diversity. The company launched the Agricultural Monitoring and Event Detection (AMED) API that provides information on crops and field activity across India, empowering the ecosystem to build targeted solutions that support

[ad_1] Jammu and Kashmir Chief Minister Omar Abdullah with West Bengal Chief Minister Mamata Banerjee at State Secretariat | Photo Credit: DEBASISH BHADURI Jammu and Kashmir Chief Minister Omar Abdullah on Thursday said tourism is “bouncing back” in the Union Territory after the Pahalgam terror attack as there has been a “noticeable increase” in the number of direct flights now.

[ad_1] The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73, according to interbank foreign

[ad_1] The Ministry of Home Affairs on Thursday approved the release of Rs 1,066.80 crore to flood and landslide-hit six states – Assam, Manipur, Meghalaya, Mizoram, Kerala and Uttarakhand. Among the six flood affected states, Assam received Rs 375.60 crore, Rs 29.20 crore was given to Manipur, Rs 30.40 crore to Meghalaya, Rs 22.80 crore to Mizoram, Rs 153.20 crore

[ad_1] Over the last three years, Vedanta has actively reduced its debt and continues to strengthen its financial structure, Naidoo told shareholders | Photo Credit: DANISH SIDDIQUI Officials of Vedanta Ltd again denied all the allegations made by US short-seller Viceroy Research against the Vedanta group and said the report contained no new findings to rattle investors. Answering investors’ queries

[ad_1] The Supreme Court on Thursday asked the Election Commission of India, in the interest of justice, to consider Aadhaar Card, Elector’s Photo Identity Card (EPIC) and ration cards as proof for voter registration in the ongoing Special Intensive Revision (SIR) of electoral roll in poll-bound Bihar. “The Election Commission of India (ECI) has pointed out that the documents’ list

[ad_1] The storage increased in all the five regions this week with the level in southern reservoirs rising over 60 per cent | Photo Credit: JOMON PAMPAVALLEY The storage level in India’s 161 major reservoirs improved further this week to over 50 per cent of the capacity with central and north-west India receiving good rainfall under the influence of the

[ad_1] The Centre on Thursday notified the policy on selling foodgrains from official reserves under the open market sales scheme (OMSS). Under the scheme, the reserve price of wheat has been fixed at ₹2,550/quintal for all categories, up from ₹2,300-2,325 last year, whereas that of rice has been fixed at different rates depending on category of buyers. For distilleries to

[ad_1] Net profit of India’s Nifty 50 companies may continue to be lukewarm at not more than 4.5% without accounting for oil companies in the first quarter of the current fiscal, according to equity research analysts.  “We expect 1Q FY26 net income of the KIE universe to increase 10.6% yoy, largely driven by a strong rebound in profits of the

[ad_1] The PLI-Auto scheme has been subdivided into the champion original equipment manufacturer incentive scheme and component champion incentive scheme. | Photo Credit: Udit Kulshrestha The Centre has spent ₹29,576 crore until March 2025 and created over 44,987 job opportunities across the automotive value chain through the Production Linked Incentive (PLI) scheme on auto. The details came out while reviewing

[ad_1] Life insurers in India reported new business for June declined 3% to ₹41,117.14 crore from ₹42,433.69 crore a year earlier, after two months of uptick in the premium this fiscal and as the number of covers sold remain comparatively lower. For the quarter ended June, the new business premium rose 4.25% to ₹93,544.54 crore (₹89,726.70 crore). This came on

[ad_1] Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners like David Blitzer and