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The Latest Breaking News from The Economic Times

Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAA

The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ payments from his Indian employer due to his overseas work, then this payment is not taxable under Article 16 of India-UK Double Tax Avoidance Treaty (DTAA).

The Economic Times

Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAA

The Economic Times

Burnout, humiliation, and no boundaries: Viral post lists 3 toxic workplace habits that have been normalised for too long

Career coach Vijay Chandola, an IIM alumnus, has identified three common Indian office habits that need to be challenged: glorifying burnout, aggressive and disrespectful behavior, and a disregard for personal boundaries. His viral post asserts that these normalized practices are detrimental, urging employees to expect and demand better workplace environments.…

The Economic Times

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Montreal Shooting leaves civilian and cop dead: What do we know about victims and the suspect?

A shocking midday shooting in Montreal claimed three lives, including a police officer and a civilian, with another officer injured. The alleged gunman, reportedly linked to "incel" ideology, was also killed. The incident unfolded in a Jewish neighbourhood, sending ripples of fear. Authorities are investigating the motive behind this tragic…

The Economic Times

Jaishankar holds wide-ranging interactions as India-Mongolia reaffirm strengthening ties

External Affairs Minister S. Jaishankar concluded a series of high-level meetings in Ulaanbaatar, strengthening India-Mongolia ties. Discussions with the Speaker of the State Great Khural, Education Minister, and former President focused on parliamentary exchanges and people-centric development. Jaishankar also held comprehensive talks with his Mongolian counterpart, exploring enhanced cooperation in…

The Economic Times

Can a 10% annual SIP step-up help turn Rs 26,000 monthly investment into Rs 1 crore?

A 10% annual SIP step-up could boost a Rs 26,000 monthly investment towards Rs 1 crore in a decade, according to an expert. The analysis highlights portfolio overlap and suggests reallocating from large-cap and mid-cap funds to small-cap ones. Investors are advised to exit thematic and hybrid funds for better…

The Economic Times

Mamata Banerjee claims TMC Chairperson role in letter to EC even as rebels name Arup Roy

A significant rift has emerged within the Trinamool Congress as rebel MLAs appointed Arup Roy as the new party chairperson, sidelining Mamata Banerjee. Despite this, Banerjee submitted a list to the Election Commission naming herself as chief. The dispute over leadership, party funds, and the election symbol intensifies as 58…

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Tata Motors CV bets on global expansion, EVs and digital businesses for next phase of growth

Tata Motors' commercial vehicle division is charting an ambitious growth path, prioritizing global expansion, electric vehicles, and digital services. The company aims to leverage the proposed Iveco acquisition for wider market access and product diversification.

The Economic Times

Japan bond yields mixed after relatively weak 5-year auction

Japanese government bond yields showed mixed movements on Tuesday, with a weaker-than-expected auction for 5-year bonds. Yields on shorter maturities edged up, while longer-term bonds saw slight declines. Discussions between Japan's Finance Minister and the U.S. Treasury Secretary about global markets and currency swings have fueled speculation about potential acceleration…

The Economic Times

CBI arrests senior IAS officer Pankaj Aggarwal in ongoing alleged IDFC First Bank fund misappropriation case

The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board…

The Economic Times

Indian students are the 'agents of positive change' for Europe-India relations, says EU Ambassador

The EU has launched a new Student Ambassadors' Network, connecting 40 students from 20 Indian universities to foster stronger Europe-India ties. These ambassadors will promote academic and research opportunities in Europe, encouraging youth engagement in the growing partnership. Additionally, 75 Indian students received prestigious Erasmus Mundus scholarships, highlighting Europe's appeal…

The Economic Times

After workers, beggars replaced by robots: Viral video from China makes netizens question if begging will face 'layoffs'

A Unitree humanoid robot was filmed soliciting donations on a Chinese street, claiming it needed funds for recharging. This incident follows scrutiny of robot capabilities after a chaotic half-marathon and criticism from TSMC's chairman about their practical use. Online reactions are divided, with some questioning authenticity and others seeing it…

The Economic Times

India's LPG imports from US set to cross 1 million tons in June, sources say

India's LPG imports from the U.S. are projected to cross a record 1 million metric tons in June, driven by Middle Eastern supply disruptions. This surge in U.S. purchases, despite higher costs, ensures uninterrupted cooking gas for households. Efforts to boost domestic production and alternative supply routes are also underway…

The Economic Times

Quote of the day by Virat Kohli: ‘Irrespective of whether you have talent or not, one has to …’ – Legendary cricketer on why talent alone is never enough

Cricket icon Virat Kohli emphasizes that talent alone is insufficient for success, highlighting the indispensable role of relentless hard work and discipline. His own journey, marked by numerous records and accolades, underscores this philosophy. Kohli's message serves as a crucial reminder, especially for younger generations, that consistent effort, not just…

The Economic Times

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Instagram seller ordered to pay Rs 10,000 after delaying Rs 807 dress by 10 months

A Kerala consumer commission ordered an online clothing seller to refund a dress cost and pay Rs 10,000 in compensation and costs. The seller delivered the dress nearly 10 months after it was ordered, a delay the commission deemed a deficiency in service. The seller's explanation of an accident was…

The Economic Times

Bill seeking to ban horse carriages in NYC renamed after Indian teen killed in Central Park incident

A bill to ban horse-drawn carriages in New York City has been renamed 'Romanch's Law' in honor of an Indian teenager who tragically died after falling from a carriage. Romanch Mahajan, 18, sacrificed his life trying to help his mother when the horse bolted. The incident has reignited calls for…

The Economic Times

Rs 1.5 lakh crore behind 2025! Can Jio, NSE and other mega IPOs put 2026 on course for another record year?

India's primary market faces a significant fundraising gap to match last year's record. However, upcoming mega IPOs from Reliance Jio (Rs 35,000 crore) and NSE (Rs 25,000 crore), alongside SBI Mutual Fund (Rs 10,000 crore), could inject much-needed demand. Experts believe these established names can revive investor sentiment, but a…

The Economic Times

Cabinet expansion decision rests with Cong high command: Karnataka CM Shivakumar

Karnataka Chief Minister D K Shivakumar stated that cabinet expansion decisions rest with the Congress high command. He assured representatives from North Karnataka dargahs that their request to include MLC Salim Ahmed in the cabinet would be conveyed. With 20 ministerial berths vacant, Shivakumar faces pressure to balance aspirations from…

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The Economic Times

All-rounder Nitish Reddy ruled out of Ireland T20Is, likely to miss England leg too

India's white-ball squad for the UK tour faces a setback as all-rounder Nitish Reddy is out with a quadriceps injury. Sustained during the Afghanistan series, the 23-year-old's absence creates a gap, especially with Hardik Pandya also nursing a similar issue. Reddy's recovery is expected to take at least four weeks,…

The Economic Times

1 minute late from lunch means 1 hour of extended unpaid work hours? Viral memo leaves employees shocked

A controversial workplace notice, allegedly from management, has gone viral on X, mandating a strict 30-minute lunch break. Exceeding this limit reportedly incurs a penalty of an hour of unpaid 'focus time' after 6 pm for every minute over. This has ignited widespread online debate, with many users criticizing the…

The Economic Times

Global Market: Standard Chartered bullish on Asia ex-Japan equities, sees strong AI-led growth

Standard Chartered upgraded Asia ex-Japan equities to overweight, expecting the region to post the strongest earnings growth globally in 2026 and 2027, supported by AI investment and semiconductors. It prefers Taiwan, China and India, while maintaining a positive view on US equities, bonds and gold.

The Economic Times

Gold prices fall Rs 1,300/10g; silver tanks Rs 7,200/kg on firm dollar, rate hike fears. What should you do?

Gold and silver prices fell sharply on MCX on Tuesday, reversing gains from the previous session, as a stronger U.S. dollar dampened demand and investors tracked U.S.-Iran peace talks and interest-rate expectations.

The Economic Times

Railways showed the way. What should India electrify next?

If railway electrification was one of the defining infrastructure decisions of the twentieth century, the electrification and redesign of India’s freight system may yet become one of the defining strategic decisions of the twenty-first.

The Economic Times

UK considers forcing social media firms to prioritise trusted news

The culture department said on Monday it was considering requiring platforms such as Meta's Facebook, Alphabet-owned YouTube and TikTok to make content from public ‌service media - including ⁠the ⁠BBC, ITV and Channel 4 - and other trusted news providers easier to find in users' feeds and searches.

The Economic Times

US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloff

Wall Street’s AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can generate sufficient returns. While hyperscalers such as Alphabet, Amazon, Meta and Microsoft declined sharply, semiconductor and data storage firms including Micron continued gaining on strong AI hardware demand expectations.

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