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HDFC Bank Faces US Scrutiny Over Alleged Disguised Payments
Three US law firms are investigating HDFC Bank for alleged federal securities law violations. This follows claims that the bank disguised ₹45 crore in payments to MSRDC as marketing expenses, causing HDFC Bank's NYSE-listed shares to drop.
IndiGo Proposes Crisis Management Measures to CCI Amid Anti-Trust Probe
India's largest airline, IndiGo, has proposed crisis management measures to the Competition Commission of India (CCI), including a dedicated grievance mechanism and temporary slot handover during disruptions. These commitments aim to address anti-competitive concerns following thousands of flight cancellations, with the CCI investigation currently on hold pending public comments.
ET Business Growth Summit in Ahmedabad to focus on MSME global competitiveness
The ET Business Growth Summit will be held in Ahmedabad, Gujarat, on July 31, 2026, bringing together founders, investors, and policymakers. The event aims to discuss how India's MSMEs can achieve global competitiveness and resilience through policy support, infrastructure development, and technology-led innovation.
Caltrans Begins Four-Year, $36.4 Million Highway 4 Repair Project in Sierra Nevada
Caltrans starts a four-year, $36.4 million project on August 3 to repair 31.7 miles of Highway 4, including Ebbetts Pass in Alpine County, California. The work, delayed for a music festival, aims to improve the aging road while maintaining its layout, with completion expected by autumn 2030.
NRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR?
An NRI son gifted Rs 30 lakh worth of shares to his father via an off-market transfer, which, though tax-exempt for relatives, appeared in the father's Annual Information Statement (AIS). Experts advise disclosing such transactions in the ITR's exempt income schedule and retaining documentation to avoid tax notices.