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FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
US midterms: Trump leaves the door ajar for Democrats on immigration
After the midterm elections, President Trump is feeling optimistic about the possibility of both parties coming together to tackle immigration reform. He recognises that the political scene has changed and emphasises that it's crucial to collaborate on these issues, particularly for foreign workers and their families who are affected by current policies.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
Rs 60 lakh cash deposit in widow's bank account triggers income tax notice for unexplained credit; she fights back and wins in ITAT Pune
Ms Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source of income. To support her claims, Ms Parve also filed Form 26AS, an affidavit, the husband’s death certificate, computation sheet, bank statements between 24.08.2015 and 30.09.2015.
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Rahul Gandhi acting at behest of foreign powers: BJP chief Nitin Nabin attacks Congress over Delhi rally
BJP chief Nitin Nabin criticized Rahul Gandhi for allegedly acting under foreign influence to create disorder. He emphasized that the Constitution should govern the country rather than the 'Gandhi family's law.' Nabin accused the Congress party of seeking to challenge democratic processes after failing to secure a people's mandate. He also reiterated the BJP's intent to retain power in the upcoming general elections.
Quad to step up cooperation in AI, critical minerals
US Secretary of State Marco Rubio met External Affairs Minister S Jaishankar, Japan's Foreign Minister Toshimitsu Motegi and Australian Foreign Minister Penny Wong on the sidelines of the G20 Foreign Ministers' Meeting in Atlanta.
Bangladesh opposition leader warns against Indian transit corridor, demands fair Ganges water deal
Nahid Islam, a leader of the National Citizen Party, warned against facilitating an Indian transit corridor through Bangladesh. He urged for a fair renewal of the Ganges water-sharing treaty, which expires soon. There are indications of potential protests if the agreement is not renewed to protect Bangladesh's water interests. Discussions on Bangladesh's partnerships are ongoing, particularly with Japan regarding regional development initiatives.
Reliance Retail Q2 Results: Revenue up 6%, but late festive season, digital spends hit profit
Reliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in the year-ago period. The growth came despite the absence of major festive occasions during the quarter, with the festive calendar shifting to the December quarter.
US stocks today: Nasdaq sinks 2.2% as Amazon, Intel fuel fresh fears over AI spending
Wall Street experienced significant losses as the Nasdaq fell to its lowest level in nearly three months. Concerns about rising capital expenditures at Amazon and cash burn warnings from Intel influenced the technology sector's downturn. Major technology stocks like Alphabet and Nvidia also saw notable declines due to investor scrutiny. Defensive sectors like consumer staples and healthcare gained some traction in response to the selloff.
US begins deportation operations using newly acquired government-owned aircraft
DHS has initiated the use of its newly acquired Boeing 737 aircraft for deportation flights. The aircraft had been previously purchased to enhance immigration enforcement operations under the Trump administration. Despite initial uncertainty, the aircraft completed two deportation flights from Texas to Mexico recently. Critics have raised concerns regarding the necessity of the government-owned fleet amid existing charter operator contracts.
PM Modi's Gujarat visit: Rs 14,000-crore projects, Rs 19,000-crore PM-KISAN payout, new trains and Ahmedabad Metro expansion on agenda
Prime Minister Narendra Modi will undertake a two-day visit to Gujarat, during which he will inaugurate and dedicate development projects worth Rs 14,000 crore, release the 24th instalment of PM-KISAN payments worth Rs 19,000 crore and flag off two trains. His itinerary includes laying the foundation stone for Ahmedabad Metro extensions and road upgrades, inaugurating child-friendly Anganwadi centres and participating in the Rashtriya Ekta Diwas celebrations at Ekta Nagar.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
Japan, Bangladesh widen BIG-B ambitions, bring India into focus
Bangladesh Prime Minister Tarique Rahman's meeting with Japanese Prime Minister Sanae Takaichi focused on the BIG-B initiative. The initiative aims to enhance economic cooperation and connectivity in the Bay of Bengal region. Japan is particularly interested in developing the Matarbari deep-sea port with Bangladesh's support. Both countries plan to expand supply chain networks linking India, Nepal, and Bhutan.
Centre to tap IITs, NITs for nuclear tech courses to power India's 100 GW dream
India is addressing the workforce challenge posed by its 100GW nuclear power goal through new courses. Leading technical institutes like IITs and NITs are expected to introduce nuclear tech programs. A dedicated institute for nuclear technology training is also being planned as workforce development efforts gain momentum. Current estimates show that 2.5 lakh skilled personnel will be needed in the coming two decades.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Ranbir Kapoor proposed to Alia Bhatt with three lions just 100 metres away. He says, ‘Meri sherni mere aage khadi thi aur mai...'
Ranbir Kapoor recently shared that he proposed to Alia Bhatt in 2022 during a memorable trip to Kenya. With careful planning alongside their guide, he arranged a picturesque moment captured from afar. Now, the actor is gearing up for the release of Ramayana.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
When a market is as jittery as it is right now, poor numbers are treated harshly. A new-age company in the business of buying and selling used cars reported numbers that fell short, and the street punished the stock severely. But it is not just the clear misses. Anything that is well-owned and presents disappointing numbers is seeing double-digit cuts.
MLC polls in 4 states: NDA victorious in 16, Congress draws blank; Samajwadi Party bags 5 seats in Uttar Pradesh including 2 in Varanasi
Results were declared in all but one seat - Nagpur Graduates' constituency in Maharashtra which is heading for a nail-biting finish involving BJP candidate Sudhakar Kohale and Congress' sitting MLC Abhijeet Wanjari.
US green card backlog explained: Why Indian EB-2 and EB-3 applicants face an eight-year disadvantage over Chinese nationals
Indian professionals face stark challenges in their pursuit of US green cards, with waits far longer than their Chinese counterparts. The November 2026 Visa Bulletin reveals a staggering eight-year backlog for Indian applicants in the EB-2 category, driven by limited annual visas and intense demand. Many find themselves changing jobs during this protracted period, which can complicate their green card applications.
AI narrative needs to change for India: K Balasubramanian, CEO, Citibank India
Long-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. Trade agreements create potentially important UK-India and EU-India corridors. We have been doing a lot of work identifying companies that could benefit and engage with clients. For Citi, that opportunity can flow through services and markets and potentially through investment-banking transactions as multinational companies raise capital in India, says K Balasubramanian, CEO, Citibank India.
Anthropic’s historic IPO filing: Will Anthropic (ANT) stock crash after IPO? Claude maker reportedly targets potential $2 trillion valuation
Anthropic’s IPO could put its stock to the test. The company behind Claude reportedly targets a potential $2 trillion valuation, but its heavy spending and billions in losses raise questions. Will ANT stock hold its value after listing, or could investors rethink the price once trading begins?
US visa, green card applicants: What changed under USCIS filing deadline rules from October 23
USCIS has revised its filing deadline rules, effective October 23, 2026, particularly impacting green card applicants nearing age 21 and H-1B workers. Deadlines related to substantive eligibility will no longer extend automatically to the next business day if they fall on weekends or holidays, necessitating careful planning for affected individuals.
Jailer 2 star rejected opportunity to study engineering; once worked as a cleaner at hotels: ‘I would never…’
SJ Suryah’s high-voltage performance as Bodhi Kalpak, the antagonist in Jailer, has gained a lot of appreciation. However, the actor’s road to success was not smooth. The veteran director-actor once worked in several odd jobs at restaurants to make ends meet and had spoken about his time as a struggler, working at restaurants.
When noise is high, separate short-term headwinds from long-term business. 5 large-cap stocks with upside potential of up to 23%
For any decision you make in this market over the next three to six months, the first question should be about the business and the company. Is it hard to replace? If the answer is yes, you can ignore the short-term headwinds.
"Success comes to those who wait": Gaganyaan astronaut designate Angad Pratap on human spaceflight mission timeline
Gaganyaan astronaut designate Group Captain Angad Pratap on Saturday noted that the Gaganyaan human space flight mission is a prototype developmental program which is bound to take some time before it fructifies.
Jaya Bachchan sends emotional videos, Amitabh Bachchan replies late: When Abhishek Bachchan revealed Bachchan family’s WhatsApp habits
Koffee With Karan kicked off its ninth season with the lively duo Rashmika Mandanna and Vijay Deverakonda as featured guests. Previously, Abhishek Bachchan took a walk down memory lane, sharing quirky stories about his family's WhatsApp dynamics, highlighting Jaya Bachchan as the chatty one and Amitabh Bachchan as the silent observer. He also recounted a funny moment when Amitabh's response was notably delayed.
Prabhas came from a film family but travelled to college by bus: Actor once shared his father's financial struggle. What shaped his work ethic?
Prabhas revealed that his father, film producer Uppalapati Surya Narayana Raju, faced regular financial crises despite their film industry connections. Recalling his college days, the actor said travelling by bus taught him to work harder. A BTech graduate who later studied acting, Prabhas rose to fame with Baahubali and went on to headline several blockbusters.
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