Five Bangalore landowners faced tax on rental income from an IT park built through a partnership firm; IT department alleged it was a tax-avoidance structure, ITAT gives relief

In 1999, five landowners decided to develop their property into an IT park and SEZ zone. (Image for representative purpose only) What constitutes tax avoidance? In a recent ruling, five Bangalore landowners have secured relief from ITAT in an income tax dispute over alleged undisclosed rental income.They established that the building belonged to their partnership…

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Gold price prediction today: What levels will yellow metal see? Check outlook for October 12, 2026 week

Importantly, underlying investment demand for bullion remains strong, with inflows into gold-backed ETFs reaching a four-year high Gold price prediction today: Gold prices are recovering, but are continuing to see pressure due to global factors, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here’s his analysis:Gold enters the week Rs…

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After launching Vande Bharat sleeper train with 16 coaches, Indian Railways now bets on 24-coach variant of new train with pantry car and features better than Rajdhani Express

ICF has said in the past that its 24-car Vande Bharat sleeper will be one of the longest sleeper trains being produced in India. After rolling out 16-coach Vande Bharat sleeper trains, Indian Railways is now eyeing a 24-coach train set that will cater to longer distance overnight journeys. The Integral Coach Factory (ICF) Chennai…

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Sunil Bharti Mittal gets highest French civilian award

NEW DELHI: Sunil Bharti Mittal, Bharti Enterprises founder and chairman, has been named a Chevalier de l’Ordre national de la Légion d’Honneur (Knight of the National Order of the Legion of Honour) by French President Emmanuel Macron.Established in 1802 by Napoleon Bonaparte, the Légion d’Honneur is the highest civilian award bestowed by the French Republic….

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Green cards not key to workforce strategy: TCS

BENGALURU: TCS CEO K Krithivasan said green cards have never been a key part of the company’s workforce strategy, as it has significantly reduced permanent residency applications for H-1B employees and stepped up local hiring in US. The company said the US suspension of green card processing would not fundamentally alter its talent management approach.“In…

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RBI measures: Rupee to gain sharply but forex liquidity likely to dry up

MUMBAI: Forex dealers expect a gap opening in the rupee-dollar exchange rate, with the domestic unit likely to record its sharpest gain in recent times. However, there is also a looming market freeze, with RBI’s aggressive anti-speculation measures risking paralysis of legitimate market-making, choking interbank liquidity and inadvertently penalising genuine corporate hedgers.Oil companies, normally the…

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