Business

29

Oct

By The Press Editor

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Business

Income Tax Return filing deadline extended till THIS date for corporates and audited cases | Check here

The Income Tax Department has extended the ITR filing due date for AY 2025-26 to December 10 for corporates and audited entities, and the audit report deadline to November 10, 2025. The CBDT's move offers relief amid industry appeals and monsoon disruptions. New Delhi: The Income Tax Department on Wednesday announced an extension of the due date for filing Income Tax Returns (ITRs) for the Assessment Year (AY) 2025–26. According to a notification issued by the Central Board of Direct Taxes (CBDT), the new deadline for corporates and other taxpayers whose accounts require audit has been moved from October 31…

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29

Oct

By The Press Editor

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Business

This IT stock surges 20% after signing deal to build AI chips for the oil, gas industry: Details

The stock has yielded returns of 377.67 per cent over five years and 303.66 per cent over three years. However, it has corrected 30.97 per cent in two years. Mumbai: Shares of Blue Cloud Softech Solutions surged around 20 per cent on Wednesday, October 29, 2025, after the company signed a USD 15 million memorandum of understanding (MoU) to develop edge AI chips tailored for the oil and gas (O&G) industry. The stock opened with a gain of 5.65 per cent at Rs 25.24 on the BSE, up from its previous close of Rs 23.89. Amid heavy trading volume, the…

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29

Oct

By The Press Editor

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Business

Nvidia becomes world’s first $5 trillion company amid soaring AI boom and global tech frenzy

Nvidia becomes the first $5 trillion company, driven by massive AI chip demand and global partnerships. CEO Jensen Huang reveals $500 billion in orders and new investments in OpenAI, Uber and Nokia. New York: Silicon Valley giant Nvidia has become the first company in the world to reach a $5 trillion market valuation, achieving the milestone just three months after breaching the $4 trillion mark. The record-setting valuation highlights the massive global transformation being driven by the Artificial Intelligence (AI) revolution, considered by many as the most significant shift in technology since Apple co-founder Steve Jobs introduced the first iPhone…

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29

Oct

By The Press Editor

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Business

Jewar Airport: Check connectivity, transport links and facilities for passengers

As the initial phase of the project is underway, let's take a look at how well the airport will be connected and what features will be available to air travellers. Noida: The Noida International Airport (NIA) in Jewar, Uttar Pradesh, is expected to be inaugurated in a couple of days. As one of India's largest greenfield airports, the NIA, also known as Jewar airport, will significantly boost air connectivity for Delhi-NCR and western UP. Moreover, NIA has been designed to ease congestion at Delhi's Indira Gandhi International Airport. As the initial phase of the project is underway, let's take a…

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29

Oct

By The Press Editor

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Business

Lakshmi Mittal’s energy firm suspends Russian oil purchases, citing US sanctions

HMEL, the equal joint venture of Mital group and Hindustan Petroleum Corporation Ltd (HPCL), the first Indian company to officially state that it will not buy Russian crude after the US imposed sanctions on large oil producers of Russia. New Delhi: Steel tycoon Lakshmi Mittal's energy joint venture, HPCL-Mittal Energy Ltd (HMEL), on Wednesday announced that it has suspended further purchases of Russian crude oil in view of the recent sanctions. HMEL, an equal partnership between the Mittal Group and Hindustan Petroleum Corporation Ltd (HPCL), has become the first Indian refiner to formally declare that it will halt Russian oil…

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29

Oct

By The Press Editor

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Business

Soil of Success: From a bank clerk to founder of India’s largest agri enterprise, journey of Anil Kumar SG

The Samunnati Foundation delivers governance, sustainability, and advisory support, helping FPOs (farmers producer organisations) evolve into resilient institutions. New Delhi: From a banking clerk to the founder of Samunnati, India’s largest agri-enterprise, Anil Kumar SG's trajectory is an inspiring pivot. Kumar started his career at a bank counter, but soon realised there was more he had to do. After seeing that farmers, the backbone of India’s economy, were denied formal credit due to a lack of collateral and institutional backing, he decided to bring about structural transformation in India's agricultural system. This fueled the establishment of Samunnati. The enterprise moved…

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29

Oct

By The Press Editor

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Business

Sebi proposes major overhaul of mutual fund rules to reduce costs for investors: Here’s what it means

Under the proposed framework, Sebi plans to eliminate the additional five basis points (bps) that asset management companies (AMCs) were previously allowed to charge across mutual fund schemes. New Delhi: Markets regulator Securities and Exchange Board of India (Sebi) has proposed a comprehensive overhaul of mutual fund regulations, introducing clearer definition of Total Expense Ratio (TER) and revising limits on brokerage charges. In its consultation paper, the Securities and Exchange Board of India said that the proposals are aimed at bringing regulatory clarity, reducing redundancies, and promoting ease of compliance.  What Sebi Proposed Under the proposed framework, Sebi plans to…

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29

Oct

By The Press Editor

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Business

Ernakulam-Bengaluru Vande Bharat: Train to halt at these four locations in Tamil Nadu – Full details here

Ernakulam-Bengaluru Vande Bharat: The train will halt at four textile centres in Tamil Nadu—Coimbatore, Tirupur, Erode, and Salem. New Delhi: A new Vande Bharat Express train between Ernakulam-Bengaluru is set to begin soon. While the exact date is yet to be confirmed, reports suggest that the operation will begin by mid-November. Ahead of that, there is an important issue related to the semi-high-speed train on this route. The train will halt at four textile centres in Tamil Nadu—Coimbatore, Tirupur, Erode, and Salem. Sharing this information, Vice President CP Radhakrishnan said that the decision will benefit workers and the industry.  Daily…

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29

Oct

By The Press Editor

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Business

Defence stock in action as company shares details on order win from DRDO, PSUs – Check details

On an annual basis, the stock has gained over 177 per cent in the last year, over 1183 per cent in the last three years, and over 2553 per cent in the last five years. Mumbai: Shares of Aerospace and defence sector company Apollo Micro Systems Ltd gained on Wednesday as the company has issued a business update in its latest exchange filing. The stock gained after two days of consecutive falls post this update and started the trading session in the green at Rs 277.10 against the previous close of Rs 276.30 on the BSE. Amid firm buying, the…

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29

Oct

By The Press Editor

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Business

Srinagar-Katra Vande Bharat latest update: Train to halt at Reasi from today, here’s all you need to know

Srinagar-Katra Vande Bharat latest update: At present, the semi-high speed train has only one stop at Banihal between Katra and Srinagar. New Delhi: In good news for passengers travelling from Katra to Srinagar, the Northern Railways has announced that the Katra-Srinagar Vande Bharat Express will now have an additional stop at Reasi station from today i.e. October 29, 2025. However, officials said that this is being done on an experimental basis. At present, the semi-high-speed train has only one stop at Banihal between Katra and Srinagar. "The locals said that the train has only one stoppage between Katra and Srinagar,…

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