Who should file ITR & is income tax return filing mandatory for salaried taxpayers?

The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. (AI image) ITR filing AY 2026-27: Filing your income tax return (ITR) is an important financial record which should not be missed even if your income falls below the mandatory filing threshold. For salaried taxpayers the last…

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OpenAI weighs giving Trump administration 5% stake amid US scrutiny of AI firms: Report

Report says OpenAI discussed giving the Trump administration a 5 per cent stake amid growing scrutiny of AI firms OpenAI has reportedly considered giving the Trump administration a 5 per cent stake in the company as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans should share…

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New EPF Scheme 2026: What it means for your provident fund savings

The EPF Scheme, 2026 replaces the Employees’ Provident Funds Scheme, 1952. (AI image) For millions of salaried employees in India, the Employees’ Provident Fund (EPF) remains one of the most important financial safety nets. It helps build retirement savings, provides support during emergencies and serves as a long-term social security benefit that continues throughout an…

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Stock Market Live Updates Today: BSE Sensex opens over 250 points up, Nifty50 above 24,050; crude oil prices continue to drop

Sensex Today Live: ‘Technical setup remains positive with a bullish undertone’ “Indian equity markets are expected to open on a positive note, with Gift Nifty trading at 24,205, up by 120 points. However, broader Asian markets are witnessing weakness in early trade, with sharp declines seen across major indices including the Nikkei 225 and KOSPI…

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Unable to withdraw PF or file claims? EPFO services unavailable for 7 days

The portal is still unavailable even though official notice says services to be restored by July 2 00:00 hours The Employees’ Provident Fund Organisation (EPFO) has temporarily suspended several online services to carry out a planned database consolidation and software upgrade aimed at improving the speed, reliability and security of its claims processing system.According to…

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Debt’s the way for Indian IT acquisition funding

BENGALURU: Persistent Systems’ $1.5-billion bridge financing from Barclays for its proposed acquisition of German IT firm Nagarro is the latest sign that Indian IT companies are increasingly comfortable using debt to fund transformative acquisitions. This marks a departure from the industry’s long-standing preference for cash-rich, debt-free balance sheets.The financing, backed by a corporate guarantee of…

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Brands get quick-comm boost in summer sales

NEW DELHI: Peak temperatures and the sweltering heat this year have delivered a windfall for consumer brands, with quick-commerce platforms driving robust growth in heat-linked categories.As temperatures climbed across the country, demand for products ranging from ice creams and beverages to sunscreens more than doubled year-on-year in May as consumers sought relief from the relentless…

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