Chennai: In a landmark realignment within the Murugappa Group, scion Vellayan Subbiah is set to exit Cholamandalam Investment and Finance Company, the conglomerate’s flagship lending arm. The decision comes after more than two years of negotiations among the family’s promoter factions, aiming to restructure ownership while maintaining business continuity. Family…
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Indian IT Stocks Rebound After ₹1.1 Lakh Crore Rout
Shares of leading Indian IT companies, including Infosys Ltd., TCS Ltd., Wipro Ltd., HCLTech Ltd., and Tech Mahindra Ltd., witnessed a strong rebound on Wednesday, February 25, following a sharp ₹1.1 lakh crore market capitalization loss the previous day. Gains ranged between 2% to 4% across the sector, reflecting relief…
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Indian Stock Market Outlook: Sumeet Bagadia Picks 3 Stocks
The Indian stock market showed signs of recovery on Friday, 21 February 2026, as the Nifty 50 rose 0.46% to 25,571.25 and the Sensex gained 0.38% to 82,814.71. The Bank Nifty outperformed with a 0.71% increase to 61,172, driven primarily by strength in banking, metals, and energy sectors. Analysts note…
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Old Tax Regime Back in Focus Under Draft Tax Rules 2026
The release of the draft Income Tax Rules, 2026 has brought an unexpected twist to India’s tax reform journey. While the new rules aim to operationalise the New Income Tax Act, 2025 from April 1, 2026 and significantly simplify compliance, several provisions have quietly restored relevance to the old tax…
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Halwa Ceremony Marks Union Budget 2026-27 Prep
New Delhi: The final stage of preparations for the Union Budget 2026-27 commenced today with the traditional Halwa Ceremony at the Budget Press in North Block, New Delhi. The event was graced by Union Finance Minister Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary. The…
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Gold Hits Record ₹1.43 Lakh in Silver Surges Amid Fed Rate Hopes
Gold futures on the Multi Commodity Exchange (MCX) surged by ₹3,698, or 2.7%, over the past week, reaching a record high of ₹1,43,590 per 10 grams on Wednesday. The rally comes amid growing expectations of US Federal Reserve policy easing and rising safe-haven demand.Silver also witnessed a sharp rally, jumping…
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EPF Withdrawal via UPI Soon: Labour Ministry Simplifies Access
The Union Labour Ministry is developing a system that will allow eight crore Employee Provident Fund (EPF) members to directly withdraw their money using the Unified Payments Interface (UPI). The project, expected to roll out by April 2026, aims to provide quicker access to funds, streamline the withdrawal process, and…
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Auction of 6.48% Government Security 2035 Announced
New Delhi, January 14, 2026: The Government of India has announced the auction and re-issue of “6.48% Government Security 2035”. The auction aims to provide investors with a stable investment option while ensuring timely repayment of existing government securities. The outstanding balance of “6.90% OIL MKTG COS GOI SB 2026”…
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Budget 2026 Likely to Push New Tax Regime Further
As preparations for Union Budget 2026 gather momentum, India’s New Tax Regime has clearly emerged as the cornerstone of the government’s personal taxation strategy. Following the sweeping relief announced in Budget 2025, policymakers appear increasingly committed to nudging taxpayers toward a simpler, deduction-light tax structure. The sharp increase in the…
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Income Tax Refund Delays: IT Dept Flags Ineligible Claims
Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…