Business

The US Internal Revenue Service (IRS) has announced the new federal income tax brackets and standard deductions for 2026, offering some relief to Americans as they prepare for next year’s tax returns.The IRS usually makes these adjustments in October or November to prevent what’s known as “bracket creep.” This occurs when inflation pushes taxpayers into…

Traders in Delhi are set for a brighter Diwali as the city government, led by Chief Minister Rekha Gupta, has disbursed Rs 694 crore in GST refunds pending since 2019, out of a total due of Rs 1,600 crore, PTI reported.The refund process has accelerated in recent months, with a record Rs 227 crore paid…

India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…

Tata Consultancy Services (TCS) has unveiled a new Artificial Intelligence (AI) Experience Zone and Design Studio in London as part of its latest expansion drive in the United Kingdom. The company said the initiative, coupled with fresh investments, will generate 5,000 new jobs across the UK over the next three years.TCS, which already supports over…

China on Friday announced that it will start imposing “special port fees” on ships built or operated by the US. According to the transport ministery, the fees will take effect at Chinese ports from October 14 when US ships arriving in China will pay 400 yuan ($56) per net tonne, rising to 640 yuan in…

South Korean electronics giant LG’s Indian subsidiary is all set to finalise share allotment for its Initial Public Offer (IPO) on October 10, after receiving a strong response from investors. Those you applied for the IPO can check the allotment status by visiting the BSE/NSE or the website of the registrar, KFin Technologies Limited. LGEINDIA…

The Trump administration has made another attempt to ensure fairness for US workers, asking China to bar its airplanes from flying over Russia as it puts American airlines at a disadvantage.The US government on Thursday presented a proposal to stop Chinese airlines from flying over Russia on routes to and from the United States, arguing…

Small businesses across the country are seeing a welcome boost in sales, thanks to recent GST cuts and the upcoming festive season.Industry bodies said that sectors like toys, textiles, footwear, and auto accessories have reported stronger demand.The ministry of micro, small and medium enterprises (MSMEs) is keeping a close watch and is expected to conduct…

WeWork India Management, the operator of co-working spaces, made a muted entry on the stock markets on Friday. The shares opened at Rs 650 on the NSE, a slight 0.31% above the issue price, but later dipped 3.84% to Rs 623.10. On the BSE, it began trading at Rs 646.50, 0.23% the issue price.The IPO,…

Asian stock markets traded mostly in red on Friday as the week closed, following a mix of positive and worrying developments.In Hong Kong, HSI fell 304 points or 1.14%, reaching 26,447. Shanghai and Shenzhen also traded in red shedding 0.51% and 1.85%, respectively. Japan’s Nikkei was down 470 points or 0.97% at 10:10 AM IST.Meanwhile,…