India Financial News

Hyundai Motor India on Saturday said it has received a tax demand notice of Rs 15 crore from GST authorities. The automaker on February 28 received an order from Additional Commissioner, Central GST Department, Tamil Nadu, for the period FY 2020-21 and FY 2021-22 wherein a tax demand has been raised under Section 73 of Central Goods and Service Tax Act, 2017 and Tamil Nadu Goods and Services Tax Act, 2017, the company said.

Gukesh, who lost the Tata Steel Masters in Wijk aan Zee to Praggnanandhaa on tiebreak, is behind second-placed Hikaru Nakamura (2802) while and Norway's Magnus Carlsen (2833) continues to be the top-ranked chess player in the world. The Indian Grandmaster has overtaken compatriot Arjun Erigiasi and USA's Fabiano Caruana.

Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump's threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a third of the midcaps missing their Q3FY25 estimates and valuations were among local factors that pulled the pack. The BSE Midcap index fell by 4,500 points or 10% in February and this week's decline was more prominent as the 132-stock index plunged 4.4% or nearly 1,800 points. In this, 123 stocks ended the month in the red while just 9 stocks managed a positive closing.

Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended on Friday. Buch, who is reportedly unwell, was not present when Pandey arrived. Dressed in a dark blue blazer and a striped shirt, Pandey arrived at the Sebi headquarters in the Bandra Kurla Complex business district on Saturday afternoon.

Ashwini Vaishnaw on Saturday said several innovations have been made for the Ahmedabad railway station redevelopment project, and special care is being taken to ensure that the facility's design reflects the city's rich heritage. Vaishnaw, who reviewed the redevelopment project, said architectural elements inspired by the city's heritage, such as the 'Jhulta Minar' (swaying minaret), kite festival, etc, will be incorporated into the design. He said this approach was in line with Prime Minister Narendra Modi's commitment to preserve the cultural fabric of modern India. The redevelopment is a part of the Indian Railways' ambitious Amrut Bharat station project, which aims to transform over 1,300 railway stations across the country.

Tony Abbott, who is currently visiting India, said that he has «always been a friend of India.» PM Modi also spoke about how Abbott during a visit to Dilli Haat venue in the national capital enjoyed millets. Sharing a picture with Abbott on X, PM Modi stated, «Delighted to meet my good friend and former Australian PM, Mr. Tony Abbott. He has always been a friend of India's. We have all seen him enjoy millets during his current visit.»

left-arm pacer Arshdeep Singh in the Sunday's Champions Trophy game. If the Friday's practice session was an indication, then the Punjab pacer in all likelihood will replace Shami, who has recently returned to the national fold following a long injury lay-off. Arshdeep trained under the watchful eyes of bowling coach Morne Morkel, bowling 13 overs with full run-up while Shami only bowled 6-7 overs with a curtailed run-up. He was not bowling full steam. During the game against Pakistan on February 23, Shami had received treatment in his right leg from the physios just after bowling his third over of the innings.

Income Tax Department has released Form 13 which is used for applying for lower or nil rate of TDS deduction for FY 2025-26. This form can help salaried individuals to prevent excess TDS deductions and ensure that they don't need to go through the process of claiming a tax refund later. Also Form 15E has also been enabled for filing by Indian residents who want to make payments to non-residents at a lower TDS rate. According to an alert flash on the TRACES portal of the tax department, the functionality to file both these forms (Form 13 and 15E) have been enabled for the upcoming FY 2025-26. However, for the current FY 2024-25 these forms will be made available till March 15, 2025. This means if you want to apply for a lower TDS deduction certificate by filing Form 13 or 15E for FY 2024-25 then hurry up as only two weeks are left. Read below to know how exactly you should file Form 13 or Form 15E so that everything is proper and the chance of its acceptance is higher.

Anand Mahindra, Chairman of the Mahindra & Mahindra Group, has urged that certain distinctive rock formations in Odisha be developed into a world-renowned tourist destination. On Thursday, the business magnate responded to a post on X (formerly Twitter) that compared these geological structures to the Grand Canyon, one of Arizona’s most famous natural landmarks. However, Mahindra expressed that the breathtaking formations in Odisha required no such comparison to be recognized for their beauty. «No need to compare it to the Grand Canyon. This is unique in its own way. Not sure if these pics are photoshopped, but even if they are to an extent, these formations are… the business tycoon wrote. He also appealed to the Odisha Tourism Department to make this scenic locale a global hot spot.

rare mineral agreements between the US and Ukraine quickly unravelled into an extraordinary public confrontation. US President Donald Trump and Vice President JD Vance clashed with Ukrainian President Volodymyr Zelenskyy at the White House on Friday, exposing growing cracks in the relationship between the two wartime allies.

Nirmala Sitharaman on Saturday asked civil accounts services officials to work towards making the government's annual accounts more approachable and user-friendly. Addressing the 49th Civil Accounts Day event here, Sitharaman lauded the Indian Civil Accounts Service (ICAS) officers, led by the Controller General of Accounts (CGA) for the «silent technological revolution» in which states are finding a lot more ease of operation and ease of getting their government business done by adopting the public financial management system (PFMS). «I would also like you to examine, in consultation with the CAG, whether it would be possible to make the annual accounts more approachable and user-friendly and allow citizens to analyse easily and generate customisable and simpler reports,» Sitharaman said. She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA. «If you're able to make the report a lot more user-friendly, that itself can generate a lot of interest in the work that you do,» the Minister said.

Rs 2000 banknotes have been returned to the banking system, and only Rs 6,471 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, declined to Rs 6,471 crore at the close of business on February 28, 2025, RBI said. «Thus, 98.18 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,» it said in a statement.

Subscribe to enjoy similar stories. A few weeks before he was to receive the National Award for Empowerment of Divyangjan from President Droupadi Murmu in December 2023, Sai Kaustuv Dashgupta got into a serious discussion with his mother. “Receiving the award was one of my biggest accomplishments and since the event would be live on channels, I had to look my best.

Japan Airlines flight traveling from Hokkaido in northern Japan arrived at Haneda Airport just as a Japanese Coast Guard plane, en route to assist with earthquake relief in western Japan, was about to land on the same runway. Shortly after, the two aircraft collided and caught fire. Thanks to the crew's expertise and some luck, all 367 passengers and 12 crew members on the Japan Airlines flight managed to evacuate safely. ALSO READ: Have travel anxiety? These seats on an aircraft have the highest fatality rate As per aviation experts, this successful evacuation was a combination of advanced aviation technology, a resilient aircraft build and hands-on implementation of textbook evacuation protocol that drove hundreds of passengers to safety off the tarmac in under 20 minutes after the first lick of flame.

Rupee against the dollar, says a report by Union Bank of India. In the first two months of 2025, the Indian rupee has already depreciated more than half the depreciation happened in all of 2024. By February 28 the Rupee has depreciated by 1.8 per cent against USD, this decline is already more than the 1.5 per cent depreciation seen in 2023 and nearly half of the 3 per cent depreciation recorded in 2024. The report said «change in stance of RBI governor Sanjay Malhotra who stated that the central bank is open to more flexible rupee and will allow it to move freely in tandem with its local peers as against former RBI governor Das who favoured a very stable rupee against the US dollar is also putting pressure on rupee».

Concerns over high valuations continued to weigh on small and midcap stocks and there were signs of panic selling. Consider this: About 95% or 892 smallcaps failed to deliver a return excess of 1%. Meanwhile, as many as 685 stocks saw double-digit declines.

From mastering the fast-paced strategies of squash to finding focus on the golf course, Kush shares how his journey in sports has shaped his problem-solving skills and business acumen.

Subscribe to enjoy similar stories. India and the UK have restarted negotiations for a free trade agreement, which had been in limbo for almost a year due to the 2024 general elections in the two countries. Besides negotiating easier market access for various goods and services, the two sides are discussing a bilateral investment treaty and a social security agreement for expatriate workers and professionals.

Subscribe to enjoy similar stories. In 2020, the Union government introduced three farm laws which were perceived by millions of farmers around the country as being biased towards big business and detrimental to their own interests.

Subscribe to enjoy similar stories. AU Small Finance Bank has cemented its position as a market leader, with a strong track record spanning over two decades and assets exceeding ₹1 trillion. Its extensive presence across the country, particularly in semi-urban and rural areas, has bolstered its deep distribution network.

Subscribe to enjoy similar stories. The wooden bath dominates the well-appointed room that looks over tall blue pine trees and colourful prayer flags fluttering in the wind. Glowing river stones, slow-heated over a fire, drop down a slanted chute, warming the water and gently disseminating minerals.