world war 3 news update

Traders' groups are appealing to Rahul Gandhi to rethink the current protests affecting business as the festive season approaches. They express concerns over road blockades, which are deterring shoppers and complicating delivery schedules, particularly for small vendors. With Diwali around the corner, many are struggling to stockpile supplies due to these disruptions. Trade representatives are pushing for discussions aimed at resolving grievances while safeguarding commercial interests during this critical period. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PQ6wVBS

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The landowner chose to sell the TDRs he had received for surrendering 2,839 square metres of land. He sold them to a builder for Rs 6 crore but did not pay income tax on the proceeds. His understanding was that the amount received from the sale was a capital receipt and was therefore not taxable. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fVTkyuF

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Foreign portfolio investors (FPIs) invested $1 billion (Rs 9,676 crore) in IPOs in September even as they sold $4.8 billion (Rs 45,537 crore) worth of listed equities, the highest monthly outflow since April 2026, when they withdrew $6.7 billion (Rs 63,167 crore). So, amid rising crude oil prices and US bond yields, why are investors exiting stocks but retaining interest in IPOs? Let’s understand: from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/gTiYuAw

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The dispute arose after the income tax department received information about an investment of Rs 11.25 lakh made by a man with a wealth management firm. The assessing officer accepted that Rs 1.25 lakh had been paid by cheque, but the source of the remaining Rs 10 lakh, was questioned. Before considering the tax dispute, the tribunal had to address the delay in filing the appeals from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/L9p2TZv

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Brent crude prices surged to over $105 per barrel, affecting the Indian stock market negatively. The Sensex dropped 1,045 points, significantly impacting investor wealth by Rs 10 lakh crore. Foreign portfolio investors sold stocks worth approximately Rs 13,000 crore, marking a high level of outflows. The ongoing market decline has led to a nine-week losing streak, which could become the longest on record. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/BUPow2Z

The GST Council has proposed major procedural changes to enhance business operations and tax compliance. These reforms aim to streamline registration, refunds, and input tax credit processes while lowering compliance costs. Additionally, the council will remove officers' powers for arrests under the GST framework. Processing of refunds will be expedited, with a goal to resolve claims within three days. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZpfHtGS

On Thursday, the United States targeted two Mumbai-based companies over their alleged oil trade involvement with Iran. The sanctions affected five Indian nationals connected to SSPL Solutions Private Limited and Samudra Marine Services Private Limited. These measures are part of a broader crackdown on Iran under 'Operation Economic Outcast'. The U.S. government aims to curb Iranian oil revenues fueling military and cyber activities. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/HzRYlTs

RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aoeKGs6

Elon Musk has claimed that certain oligarchs are obstructing Starlink's entry into the Indian market. Starlink has already established the necessary infrastructure and is prepared to launch its services. The company aims to provide affordable broadband connectivity to areas lacking internet access. Regulatory approvals are awaited before the commercial rollout can commence in India. Collaboration with local telecom operators has been a key element in Starlink's strategy for success. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QFOo19x

The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/pJHLXc1

The GST Council intends to shorten the refund processing period to around 17 days for businesses. It will also work to automate registering for a GST number to speed up the process. For small businesses operating in multiple states, avoiding repetitive registrations will be considered. Additionally, the proposal includes eliminating physical verification for registration cancellations. Changes will allow input tax credit on various business-related expenses to facilitate smoother operations. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FDBrnPI

In one such case in Chennai, a man received cash gifts of Rs 85.03 lakh from his relatives. The Income Tax Department began making enquiries into the source of the Rs 85.03 lakh deposited by the man. The department also sent tax notices to the relatives who had given him the cash. The man eventually won relief in ITAT Chennai. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lqAM9vo

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Four trustees of Sir Dorabji Tata Trust responded to accusations from vice-chairmen Venu Srinivasan and Vijay Singh. The trustees claimed the vice-chairmen breached fiduciary duties by not discussing concerns directly with them. They emphasized that Noel Tata's merger proposal aimed to maintain Tata Sons' unlisted status. Additionally, they stated that the complaints sent by Srinivasan and Singh were not shared with co-trustees. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ML0RY2e

The assessment threw up two separate issues. The first concerned jewellery worth Rs 67,39,949 that the woman had disclosed in Schedule AL of her income tax return. The tribunal also examined whether the Rs 12 lakh paid to the HUF represented a genuine brokerage expense when the same person, the HUF's Karta/coparcener, had already received another Rs 12 lakh for the same transaction. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9raBGes

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GST Council plans to unveil substantial reforms aimed at improving business processes and facilitating growth. The proposed changes involve streamlined registration, easier refunds, and a more efficient input tax credit system. Decriminalisation measures are also proposed to alleviate issues for businesses with minor offenses. A focus is on reducing discretionary practices and using technology to minimize litigation. These reforms seek to enhance operational efficiency for both small and large enterprises. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3XIRHPw

The GST Council will meet on October 7 to discuss major reforms in GST processes and enforcement. Proposed changes include removing tax officers' arrest powers and requiring judicial consent for any arrests. Additionally, the prosecution threshold may be raised from Rs 1 crore to Rs 5 crore, with some offences being decriminalized. Changes are also aimed at simplifying compliance for small e-commerce sellers and protecting genuine buyers' input tax credits. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4eX0JQv

Volatility looms over Indian stock markets as they navigate a complex web of local and global influences. Major factors at play include the upcoming decision on interest rates from the Reserve Bank of India, alongside the eagerly awaited corporate earnings announcements. Additionally, fluctuations in crude oil pricing and global bond yields are expected to mold market sentiment. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IFf5yZv

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The shop owner said that deposited cash had come from sales generated by his pharmacy and had been properly recorded for in the concerned business books. To support his explanation, he submitted an audited balance sheet, VAT (value-added tax) returns and sample sales invoices. The Assessing Officer (AO), however, did not accept his account. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/PyKIAO3

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UPI has recorded significant transaction growth, processing 145 billion transactions in the first half of the financial year. The value of these transactions increased to Rs 177 lakh crore, reflecting a notable rise. A new merchant discount rate will be introduced on October 15, applying to high-value UPI transactions. Most everyday merchant transactions will remain free, with certain services facing a flat fee structure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5i7mIKy

The G7 announced an urgent release of 100 million barrels of oil and fuel products to counteract the ongoing diesel shortages, starting now and extending over the upcoming four months. Yet, experts warn that this withdrawal from emergency reserves could jeopardize future preparedness. Additionally, with supply routes still facing disruptions from geopolitical issues, the overall impact on fuel pricing and market dynamics remains ambiguous. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/wW6hiQU

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During the operation, officials discovered Rs 1.12 crore in Indian currency and foreign currency worth Rs 4.34 lakh. The man was subsequently taken in for questioning by the tax authorities. Despite the investigation team's acceptance of the explanation, the AO treated both the Indian cash and foreign currency recovered during the search as unexplained money under Section 69A. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iO4VCYr

In this case, a widow secured a government job under this provision but later allegedly left her late husband's parents on their own. The Rajasthan High Court explained that a compassionate appointment is intended to provide monetary support to a family struggling to cope with the sudden death of its sole earning member. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/S1pRMBQ

The Centre will implement new stock limits for sugar dealers starting October 15 until November 30. The inventory cap has been set at 1,000 quintals with a 15-day holding period. This decision follows a notable decrease in ex-mill sugar prices and aims to control hoarding during the festive season. Kolkata and Assam have been given slightly higher stock limits due to distribution needs. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/0gUSz7q

Top stock market recommendations: Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth has pickled DLF, Adani Green Energy, and PVR INOX as the top stocks to buy today on October 1, 2026. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/xCgiXmV

Despite slight changes in oil prices today, Brent and WTI Crude both experienced gains in their last trading sessions. Investors remain alert to the evolving US-Iran negotiations, as their outcomes are likely to sway market dynamics. Furthermore, Saudi Arabia has restarted oil tanker loading activities via its East-West Pipeline. Recent statistics presented a mixed bag regarding US crude inventory levels, influencing market attitudes. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/503rQuI

Each year, the senior citizen reported the interest earned from his investments in tax-free bonds under the ‘exempt income’ category in his income tax return (ITR). But made a mistake in one year. The man realised the error only after the deadline for filing a revised ITR had passed. He therefore approached the jurisdictional assessing officer (JAO) and filed a rectification application. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/g5k6xS2

The money changes include a reduction in the number of free ATM transactions for certain State Bank of India (SBI) salary account customers, new disclosure norms for interest rates on bulk fixed deposits (FDs), revised charges under the National Pension System (NPS) and mandatory Aadhaar authentication for receiving LPG subsidies. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bTaPqdV