Business

Section 54 provides relief from long-term capital gains tax when an individual or HUF sells a residential house and reinvests the capital gain in another residential house. You bought a property jointly in the name of yourself and your wife, but the entire money spent on the purchase came from you. Now you are planning…

Imported sugar is yet to land, so why is it getting cheaper Sugar is leaving a bitter aftertaste in consumers’ household budgets.The all-India average retail price has climbed to Rs 64.24 a kilo, nearly 30% higher than a month ago and 38.63% above last year’s level. In some markets, the sting is even sharper, with…

The yellow metal is likely to consolidate in near term with a possible test of support at $4370. Gold price prediction today: Gold prices are under pressure due to the US Federal Reserve chair’s hawkish outlook, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Gold Price Performance: The Fed Chair Warsh, in his…

Namo Bharat trains have brought the Delhi-Meerut journey down to less than an hour, with trains operating at speeds of up to 160 kmph. In 2023, India saw the launch of its fastest commuter train service – the Regional Rapid Transit System (RRTS) train service, also called the Namo Bharat. Within years the entire corridor…

Rupee jumps 26 paise against US dollar Rupee began Tuesday on a strong note, rising 26 paise to 94.96 against the US dollar in early trade, supported by robust domestic economic growth, containing fiscal slippage and portfolio-related inflows.Forex traders said the USD/INR pair appears to have found a strong near-term base around 95.10-95.20. MSCI-related inflows…

5-kg cylinder refill is now costlier by Rs 2 NEW DELHI: The prices of commercial Liquefied Petroleum Gas (LPG) cylinders and Aviation Turbine Fuel (ATF) have been increased from Tuesday, September 1.The latest hike reverses two consecutive months of cuts in commercial LPG rates and is likely to raise fuel costs for airlines and operating…

Promoter to sell 22.1% stake for Rs 1,300 crore; combined entity to be 11th largest IT player BENGALURU: ITC Infotech is acquiring Ashok Soota’s Happiest Minds Technologies, creating a combined business that will be India’s 11th largest IT services player. Together, they will have revenue of Rs 7,033 crore and an employee strength of 19,000,…

Private economists raise FY27 GDP growth projections to 7-7.3% after strong Q1 data, marking fourth straight year above 7%. NEW DELHI: Within hours of govt estimating strong growth during April-June quarter, private sector economists started raising projections for the full year, reflecting the sustained strong growth momentum in the economy.According to estimates from various economists,…

Record 7.5cr ITRs submitted before deadline NEW DELHI: A record 7.5 crore income tax returns have been filed for Assessment Year 2026-27 so far, and the number was expected to rise further as the filing deadline was to end at midnight Monday for taxpayers with business or professional income who are not subject to audit….

Semicon 2.0: Government bets on advanced chips, talent NEW DELHI: India plans to train one lakh semiconductor design engineers over five years under Semicon 2.0, as govt looks to build a deeper talent pool alongside its push into advanced chip technologies and manufacturing. The skilling push builds on the first phase of the programme, under…