NEW DELHI: The I-T department on Saturday said that 5.9 crore returns had been filed till July 31, the deadline for most individuals to make their annual filing.The number is lower than the over 7.3 crore returns that were filed by Sept 16, 2025, which was the extended deadline for filing last year. The numbers…
MUMBAI: UPI transactions scaled new highs in July 2026, while NETC FASTag transactions declined on a year-on-year basis. UPI processed 2,366 crore transactions in July, up 4.1% from 2,272 crore in June. On a year-on-year basis, transaction count grew 22%. In contrast, NETC FASTag processed 34.7 crore transactions in July, down 4.1% from 36.2 crore…
NEW DELHI: GST collections rose 15.4% to Rs 2,11,205 crore in July, the second highest since the new structure was implemented last Sept, on the back of a 29% jump in integrated GST (IGST) on imports. This was also the highest pace of growth since rate rationalisation.The rise in IGST on imports in July (for…
India’s Unified Payments Interface (UPI) continued its upward trajectory in July, clocking its highest-ever monthly transaction value. According to data released by the National Payments Corporation of India (NPCI), the platform touched a new peak in transaction volumes, while the value of transactions reached Rs 29.88 lakh crore in July.The platform processed 23.66 billion transactions…
Supply disruptions in the Middle East have prompted Indian Oil Corporation (IOC) to overhaul its crude sourcing strategy, with the state-run refiner sharply increasing purchases from the spot market. The share of spot buying has risen from 50% to nearly 84%, IOC director (finance) Anuj Jain said on Saturday.The move comes after supplies through the…
President Donald Trump holds up a red card during a meeting with FIFA president Gianni Infantino FIFA has abandoned its controversial plan to sell a minority stake in its commercial operations, including the FIFA World Cup, following strong opposition from football federations and internal criticism.FIFA President Gianni Infantino announced on Friday that the proposal would…
MUMBAI: Gold loans drove a sharp acceleration in personal lending and overall bank credit, with the segment expanding 93.8% year on year at the end of June 2026, as banks added Rs 74,171 crore in Q1FY27 to take the gold loan book to Rs 5.4 lakh crore.The expansion in gold loans accounted for 13.1% of…
BENGALURU: Cybercriminals are exploiting the income-tax return (ITR) filing season by sending fake income tax department notices over WhatsApp and other messaging platforms, using forged govt documents, cloned tax portals and malware to steal banking credentials and gain remote access to victims’ devices, according to a report by Bengaluru-based cybersecurity firm CloudSek.The campaign comes at…
MUMBAI: Zee has won shareholder approval to issue convertible warrants to its promoters, clearing the 75% threshold required under Indian company law by a narrow 1.6 percentage points, with 76.6% of votes cast in favour. The approval lets Zee issue 24.95 crore warrants to promoters at Rs 126 apiece, raising Rs 3,144 crore. Conversion will…
MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over…