Two weeks after opening the ITR filing for AY 2025-26, the Income Tax Department on June 10 released the Common Offline Utility (COU). Offline utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax Department. The Income Tax Department often releases utilities in multiple phases to ensure smooth rollout, gradual
Happiest Minds Technologies has appointed Anand Balakrishnan as its new Chief Financial Officer (CFO). Anand Balakrishnan will report directly to Managing Director Venkatraman Narayanan. Anand brings with him more than 20 years of experience in finance, accounting, and business strategy. He has previously held leadership positions at companies like Marsh McLennan (formerly JLT), GE Healthcare
The markets closed Thursday’s session on a lower note, snapping the winning streak of six consecutive sessions. The markets started the session on a flat note with a negative bias and extended the sell-off in the later hours. The Nifty 50 closed the session 253 points or 1.01% lower at 24,888.20, the Sensex fell 823
Mutual funds in India are expected to increase their investments in short-term corporate bonds in the coming weeks, buoyed by a surge in inflows and surplus liquidity, according to fund managers. In May 2025, corporate bond funds recorded net inflows of ₹119.8 billion (approximately $1.40 billion)—the highest in two years and more than triple the
Tata Power has reached a total energy generation capacity of 15.73 GW, while it has a 9.94 GW capacity under construction, the company said in its annual report released on Wednesday. The company is betting big on renewable energy, and it has added 1 GW of renewable energy capacity. ALSO READGovt mulling domestic production of rare
Rekha Jhunjhunwala, wife and executor of the Estate of Late Rakesh Jhunjhunwala, has divested almost half of the Estate’s shareholding in Nazara Technologies to 3.6 per cent through open market sales. Jhunjhunwala sold 12,36,500 shares, divesting about 1.4 per cent stake in the gaming and esports firm, on June 9-10, 2025, according to a regulatory
The Department of Financial Services (DFS) has directed public sector banks (PSBs) to focus on selling insurance products along with their core banking objective, according to a CNBC TV report. Acknowledging the importance of public sector banks to meet ‘Insurance for All by 2027’ target, the DFS has asked PSU lenders to focus on insurance
JSW Steel on Monday released its monthly business update wherein it recorded consolidated steel production for the month of May 2025 at 22.73 lakh tonnes. This was 8 per cent higher as compared with production volume of 20.98 lakh tonnes reported in May 2024. Indian operations, JSW Steel said in a regulatory filing, produced 21.94
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
With the Securities Appellate Tribunal (SAT) all set to hear US market maker Jane Street’s arguments against the Securities and Exchange Board of India’s (SEBI) interim order on Tuesday, there are strong chances that it could be the beginning of a long-drawn battle. The stakes are very high for both: For the market regulator, this
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
