Category: Business

Business

Budget 2026’s Unusual Bet On Adventure Tourism

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Union Budget 2026 has tints of adventure in it as it not only introduced the standard segments of the economy like manufacturing, personal finance and markets but also incorporated proposals regarding trekking trails, the feline family and turtles. Finance Minister Nirmala Sitharaman recognised that the tourism sector has the potential to play a large role…

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Carlos Alcaraz Overcomes Novak Djokovic To Become Youngest Man To Complete Career Grand Slam

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Carlos Alcaraz became the youngest man in history to complete a career Grand Slam after capturing the Australian Open 2026 title on Feb. 1, ending Novak Djokovic’s perfect record in Melbourne Park finals. The world no. 1 Spaniard overcame a slow start to defeat the 10-time champion 2-6, 6-2, 6-3, 7-5. Serbia’s Djokovic, chasing an…

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Budget Imposes Rs 75,000 Penalty For Missing Tax Audit Deadline Even By A Day

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The Finance Bill 2026 has introduced a stringent graded fee system, placing significant financial weight on audit compliance. Under the proposed Section 428, taxpayers who fail to furnish mandated audit reports now face heavy penalties starting at Rs 75,000, scaling up to Rs 1,50,000 for prolonged delays. The new framework categorises defaults into distinct tiers,…

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India Raises Defence Budget To Rs 7.85 Lakh Crore With 22% Jump In Capital Outlay

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India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year’s allocation of Rs 6.81 lakh crore, with its military majorly focusing on boosting combat prowess in the face of increasing security challenges from China and Pakistan. The increase in the defence…

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Union Budget 2026 Income Tax Changes Live Updates New Tax Slabs Rates Latest Updates

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FM Sitharaman says, “Given that this is the first Budget prepared in Kartavya Bhavan, we are inspired by 3 kartavya. First kartavya is to accelerate and sustain economic growth by enhancing productivity and competitiveness and building resilience to volatile global dynamics. Second kartavya is to fulfill aspirations of our people and build their capacity, making…

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What Is Nirmala Sitharaman’s Buyback Tax? Here’s What You Need To Pay

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Budget 2026: Finance Minister Nirmala Sitharaman unveiled Budget 2026 on Sunday, Feb. 1, 2026, and proposed capital gains regime for all shareholders and a new promoter level levy to end tax arbitrage. The move aims to protect minority investors and stop companies from routing payouts through buybacks instead of dividends. The Budget proposes that all buybacks will now…

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New Income Tax Slabs? Check Key Takeaways, Details & More

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Finance Minister Nirmala Sitharaman has announced no changes to the existing income tax slabs  while presenting the Union Budget on Feb. 1, 2026.  However, the Finance Minister announced some key proposals and changes pertaining to direct taxes including an extension of filing revised income tax returns.  “I propose to extend time available for revising returns…

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Budget 2026 Slaps Rs 200 Daily Fines On Undeclared Crypto Assets, Flat Rs 50,000 For Inaccuracy

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Undeclared cryptocurrency assets will now attract a penalty of Rs 200 per day, as per Section 509 of Income Tax Act 2025. Also, a penalty of Rs 50,000 will be levied for furnishing inaccurate particulars and failure to correct such inaccuracy.  The new act will come into effect from April 1, 2026 onwards, replacing the existing…

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OpenAI Investment Was ‘Never A Commitment,’ Nvidia’s Huang Says

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Jensen Huang arrives for a dinner event with the companys Taiwanese suppliers in Taipei. Photo Source: Bloomberg Nvidia Corp. Chief Executive Officer Jensen Huang said the company’s proposed $100 billion investment in OpenAI was “never a commitment” and that the company would consider any funding rounds “one at a time.”   “It was never a…

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