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- Rs 5.2 crore cash deposit, but Rs 7.65 lakh ITR: Why ITAT quashed tax notice September 28, 2026The AO issued several notices to the individual seeking an explanation for the cash deposit and details relating to his ITR. The responses did not satisfy the tax department, following which the AO passed an assessment order. Through the order, the Rs 5.2 crore deposit was treated as unexplained money under Section 69.
- Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate September 28, 2026In a strategic move, Tata Trusts have put forth a plan to merge Tata Electronics Systems Solutions Pvt Ltd and Tata Consulting Engineers into Tata Sons. This restructuring aims to redefine Tata Sons' regulatory classification, thereby sidestepping extra regulatory burdens. Before any actions are taken, the proposal requires a no-objection certificate fr […]
- IEX subsidiary seeks licence to set up coal trading exchange in India September 28, 2026
- Sensex, Nifty sink further: Indices at six‑month lows; Rs 17.17 lakh crore wiped out in a month September 28, 2026The sell-off intensified on Monday. The BSE benchmark plunged 1,124.02 points, or 1.52%, to close at 72,771.72, marking its lowest closing level since March 30, 2026. The Nifty fell 360.25 points, or 1.56%, to finish at 22,780.25, its lowest level in nearly six months. The weakness was also visible beyond the frontline indices. The BSE SmallCap Select index […]
- Industrial Output Accelerates: IIP jumps 8% in Aug on MoSPI data; cumulative growth hits 6.7% September 28, 2026In August 2026, India's industrial production showcased an impressive year-on-year growth of 8 percent, building on a revised growth rate from July. The manufacturing sector alone surged by 9 percent, significantly boosting overall productivity. The Electricity and Gas Supply sector excelled too, with an impressive 12.3 percent increase. Although mining […]
- Lupin gets U.S. FDA tentative nod for Apixaban Oral Suspension September 28, 2026
- SEBI clears Vinod Adani and settles Gautam Adani in MPS violations case September 28, 2026SEBI said the “foundational allegations” of effective control by Vinod Adani over two foreign portfolio investors (FPIs) and Opal Investment Pvt Ltd were not established.
- India has over 80 days fuel reserves: Puri September 28, 2026Union Petroleum Minister Hardeep Puri also stated that India was not just a major consumer but actively looking to shape the global conversation around energy.
- Sun Pharma inks pact with LIB Therapeutics to sell LDL-C drug September 28, 2026Lerodalcibep is approved in the EU under the brand name Lyrokaul. In the U.S, it is FDA-approved under the brand name Lerochol
- Tata Trusts proposes recast of Tata Sons to avoid listing September 28, 2026Mulls merger of Tata Electronics, TCE with Tata Sons to make it an operating co, asks Tata Sons to approve proposal and apply to RBI for deregulation.