The Central Board of Direct Taxes (CBDT) has officially notified the income tax return (ITR) forms 1 and 4 for the financial year 2024–25. These forms shall be used for reporting incomes earned between 1 April 2024 and 31 March 2025, that is for the assessment year 2025–26.The government is expected to release the other…
US GDP contracts: The economic news triggered a negative response in US stock markets US GDP contracts: The American economy saw an unexpected contraction during the first quarter of 2025, primarily attributed to increased imports as businesses and individuals built up inventories before US President Donald Trump‘s comprehensive tariffs took effect.According to figures released by…
Every city tells its story through its architectural marvels, much like Charminar does for Hyderabad and Howrah Bridge does for Kolkata. Andhra Pradesh’s capital, Amaravati, will soon be joining the list with its inverted lily-shaped assembly building standing tall in the heart of the city.Amaravati, also referred to as Praja Rajdhani or the “people’s capital”…
Furniture giant IKEA is planning to roll out smaller, compact-format stores, marking a “huge shift” in its strategy, to be more accessible for Indian customers. The company, currently in its second phase of growth in India, will be expanding across smaller cities in the country through a network of small-format stores developed according to the…
NEW DELHI: Indian airlines are staring at additional weekly operational expenses of approximately Rs 77 crore due to closure of Pakistan airspace, amid escalating tensions in the aftermath of the Pahalgam terror attack.The closure is forcing airlines to take longer alternative routes, increasing fuel costs and flight durations significantly.Based on the number of international flights…
Akshaya Tritiya 2025 Bank Holiday: Banks will operate normally across all states except one on Wednesday, April 30, 2025, for Basava Jayanti and Akshaya Tritiya. It is an an auspicious Hindu festival associated with new ventures and gold purchases.Bank Holiday On April 30, 2025Karnataka has declared April 30, 2025, a bank holiday under the Negotiable…
Stock market holiday (AI image) Stock market holidays 2025: Indian stock exchanges, including the National Stock Exchange (NSE) and the BSE, will remain closed on Thursday, May 1, 2025, observing Maharashtra Day, a regional holiday commemorating the formation of Maharashtra state in 1960.Trading across all segments, including equities, equity derivatives, currency derivatives, and securities lending…
Pakistan and the IMF reached an agreement in July 2024 for a $7-billion package under the extended fund facility. (AI image) India-Pakistan tensions escalate: India may challenge a proposed $1.3-billion International Monetary Fund (IMF) loan for Pakistan at the forthcoming board meeting of the global institution, according to three sources privy to the deliberations.On May…
Gold’s ability to deliver high long-term returns significantly declines over time. (AI image) By Chethan ShenoyGold buying on Akshaya Tritiya: Traditionally, Gold has always been considered a safe haven asset for investors, offering protection during times of uncertainty. But it is important to understand that it a sentiment driven asset.The price of gold is not…
The performance of dollar bonds shows a decline of nearly 4% this month. (AI image) Pakistan’s dollar bonds and equities are heading towards their poorest monthly performance since 2023, with growing India-Pakistan tensions affecting investor confidence.The performance of dollar bonds shows a decline of nearly 4% this month, whilst equities have decreased almost 3%. In…
