Department Financial News

Software giant Oracle reports quarterly results Tuesday

A Zambian court has sentenced 22 Chinese nationals to long prison terms for cybercrimes that included internet fraud and online scams targeting Zambians and people from Singapore, Peru and the United Arab Emirates

A large chunk of a mountain pass highway in Wyoming has collapsed, severing a well-traveled commuter link between small towns in eastern Idaho and the tourist destination of Jackson

Vehicle registrations — a proxy for retail sales — went up by a modest three percent to 2.09 million units last month with consumers delaying purchases due to election-related uncertainties and extreme heat.

Sikkim Krantikari Morcha supremo Prem Singh Tamang took oath as the Chief Minister of the Himalayan state for a second consecutive term on Monday.

monsoon is likely to enter Gujarat in the next 48 hours, an official of the India Meteorological Department (IMD) said on Monday. Gujarat has been facing intense heat wave conditions for past many days.

Mint takes a look at some of the key policy changes brought in by Nirmala Sitharaman, an influential voice in the new cabinet, during her first five years as FM. Sitharaman is tipped to retain the finance portfolio in the new government. The union budget for FY24 raised the tax-rebate ceiling under the new personal income tax regime from ₹5 lakh to ₹7 lakh, easing the burden on the middle class.

₹10,000 crore across five years for AI development. It will support AI super-computing infrastructure accessible to startups, academia and industry. As India joins the AI race, we must it prepare for the next evolutionary leap that is Artificial General Intelligence (AGI).

Taxpayers often get confused about taxation rules pertaining to under-construction properties in India. The under-construction or pre-possession period refers to the duration between the start of a home loan and completion of the construction of the property under consideration. As per the income tax laws, tax benefits on loan for an under-construction property can be claimed in 5 equal installments starting from the financial year in which the homebuyer gets possession of the house.

Income Tax laws offer tax deductions on donations to specific registered institutions. However, recently, donors contributing to charitable organisations and political parties have received notices from the income tax (I-T) department questioning the legitimacy of their donations.

Lalan Singh, who was inducted as a minister in the Narendra Modi government on Sunday, has been among Bihar Chief Minister Nitish Kumar's closest aides for many years. This Bhumihar leader has always been party supremo Kumar's strength, as this caste in Bihar is known to have wide political influence despite its small size.

humble as common people love those who are humble and never compromise on probity and transparency, Prime Minister-designate Narendra Modi told all those who are taking oath on Sunday as ministers in his third government. Modi, who met the ministers-designate, said people have huge expectations and everyone will have to deliver, sources said.

Bharatiya Janata Party leader Giriraj Singh thanked Narendra Modi and said that every department is important.

Income Tax Return Filing AY 2024-25: The deadline to file the income tax return for FY 2023-24 is July 31 and salaried taxpayers are waiting for their employers to issue Form 16, a key document which certifies tax deduction at source and payment to the tax department. Form 16 is usually issued by companies in the first or second week of June every year.

India Meteorological Department (IMD) has issued a red alert for heavy rainfall in Maharashtra's Sindhudurg, an orange alert for Ratnagiri, and a yellow alert for Palghar, Thane, Mumbai, and Raigad for June 9.

samvaad, samanvay, samvendansheelta" (dialogue, coordination, and sensitivity).ALSO READ: Lok Sabha Election Results 2024: Not just Faizabad, BJP lost 5 of 9 Lok Sabha seats in Ayodhya region. Details hereIn the first cabinet meeting after the Lok Sabha Elections Results 2024, Adityanath directed ministers to go to the field, “communicate with the public with sensitivity, and solve problems by coordinating with local public representatives and the government administration."In a series of posts on X, the chief minister's office shared the glimpses from the cabinet meeting and informed about Adityanath's fresh direction to the UP ministers. ALSO READ: Lok Sabha elections make many regional parties kingmakers, but some draw blank: A deep dive1. All ministers should widely publicise the achievements of the central and state governments.

A judge rather than a jury will decide whether Google violated federal antitrust laws by building a monopoly on the technology that powers online advertising

members of alleged Sinaloa Cartel members have been arrested in a US police authorities' drug trafficking bust that comes along the lines of brutal murder of a cartel kingpin. According to 'DailyStar UK, the US police arrested some allegedly key members of the Sinaloa Cartel including one of the gang's top bosses who died after a burst of bullets amid the encounter hit him. This came as a savage blow for the cartel as the kingpin was responsible for major drug trafficking operations across the US regions. All the members were arrested based on their atrocious activities around the drug world based out of Imperial Valley, California.

Department of Revenue Intelligence (DRI) has clarified that input components attached to display assembly of a mobile phone shall attract a combined import duty of 10%, clearing the ambiguity surrounding duty calculations for over four years now.

It seemed like a typical dispute between a company and a former employee: Toronto-Dominion Bank sued wealth adviser Gregg Desmarais last month, claiming he and a colleague “abruptly” resigned and violated their contracts by luring away clients with millions of dollars of assets to competitor Raymond James Financial Inc.

The Supreme Court is siding with Native American tribes who said they faced increased costs after taking over management of their own health care programs from the federal government