Form 16 Part A contains details of tax deducted and deposited by the employer on the employee’s behalf. (AI image) ITR filing FY 2025-26: For salaried taxpayers, the process of filing income tax return or ITR begins with Form 16. It’s the most important document with comprehensive details about your salary income. The deadline to…
TCS Q1 FY 2026-27 results: Tata Consultancy Services (TCS), India’s largest IT services company, reported a 5% year-on-year increase in consolidated net profit for the first quarter. Earnings rose to Rs 13,349 crore from Rs 12,760 crore in the corresponding period last year. The company’s board also approved an interim dividend of Rs 12 per…
For most employees, the EPF Scheme, 2026 is not about starting afresh. Rather, it represents a transition to a modernised framework. (AI image) The Employees’ Provident Funds Scheme, 2026 has generated significant interest among employees across India. While the new scheme replaces the Employees’ Provident Funds Scheme, 1952 and forms part of the social security…
The latest trend reflects a new phase in the restructuring of India’s IT services industry, which is valued at over $315 billion. (AI image) Silent layoffs and job cuts are becoming the new norm in India’s technology and software services industry. As a result, as many as 35,000 jobs could be cut during the current…
India, Australia and Canada are set to strengthen cooperation in technology and innovation, with the three countries signing the Australia–Canada–India Technology and Innovation (ACITI) Partnership Memorandum of Understanding (MOU), on Thursday.The agreement is set to boost collaboration in critical and emerging technologies while complementing existing bilateral initiatives between the three countries. The new tech triangle…
The reduction in US government debt holdings has partly been offset by a rise in gold reserves. (AI image) As the Reserve Bank of India (RBI) continues its forex diversification strategy, India’s holdings of US Treasury securities are down to almost a six year low. As per US Federal Reserve data, India’s exposure to US…
India has poked holes in US’s plans to impose another tariff series linked to alleged forced labour, arguing that its own approach is inconsistent and the issue be dealt with through bilateral trade negotiations instead of unilateral action. Speaking before a panel of the US Trade Representative (USTR) earlier on Wednesday, Brij Mohan Mishra, joint…
India and Australia have stepped closer on the trade and bilateral front as Prime Minister Narendra Modi on projected India as a long-term investment destination during his visit to Australia, urging businesses to deepen economic engagement as the two countries seek to expand cooperation in trade, infrastructure, clean energy and emerging sectors.Alongside Australian Prime Minister…
NEW DELHI: The International Monetary Fund (IMF) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India’s growth projections for the current financial year.IMF’s latest World Economic Outlook pegged India’s growth for 2026-27 at 6.4%, as against 6.5%…
After a brief spell of calm, global oil markets are once again facing chaos. Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was “over.” At the same time, fresh US military strikes…