Finance

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September Fed statement redline: Here’s what changed

Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 29, 2026. Al Drago | Bloomberg | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July. Text...
1789578996 tax notice

He moved to the US for a job and forgot to file his India ITR; taxman imposed Rs 8.29 lakh penalty, but ITAT Jaipur cancelled it for this reason

The tax department imposed a penalty of Rs 8.29 lakh, alleging misreporting of income. (Image for representative purpose only) You move abroad for your job but forget to file your Income Tax Return. When you remember, you file your ITR but the date for belated return has also passed and after filing self-assessment tax, you...
property dispute

He sold 26 bigha land for Rs 6.95 crore using his sister-in-law’s general power of attorney, paid her only Rs 72 lakh; Delhi HC orders brother-in-law to give Rs 1.01 crore more with 8% interest

The brother-in-law had argued that the GPA’s “power to gift” effectively gave him ownership. (Image for representative purpose only) Family disputes can be tricky especially those involving property. In one such case a brother-in-law allegedly did not pay the full due amount to the sister-in-law for the sale of land. The family property dispute over...
134275913

Top banks to get lion’s share of UPI fees

Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to look for alternative...
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SKHY, JBHT, EXPE & more

Check out the companies making the biggest moves premarket: SK Hynix , Intel — The chipmakers rose after a Reuters report that SK Hynix was in talks with Intel to manufacture memory chips in the U.S. for the first time. Both stocks were up more than 2.5%, but SK Hynix said that no decisions have...
it sector layoffs

Oracle begins cutting jobs, 3,000 may face the axe in India taking workforce to 27,000; routine Indian IT sector roles face pressure even as GCC hiring is set to grow 9-10%

The latest Oracle cuts come against the backdrop of similar workforce reductions Oracle has reportedly started another round of job cuts globally, with industry experts tracking the company estimating that around 10% of its India workforce, or roughly 3,000 employees, could be affected.The company had already eliminated 21,000 jobs earlier this year, including around 12,000...
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