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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.
ITR-3 Filing Guide for AY 2026-2027: Who is Eligible and How to File Online
Individuals and Hindu Undivided Families with business or professional income must file ITR-3 for AY 2026-2027, covering various income sources like salary and capital gains. The due date is August 31, 2026, for those requiring a tax audit, and July 31, 2026, for others. The online process involves filling specific schedules and e-verification within 30 days.
IndiGo Reports Rs 238 Crore Net Loss in Q1 FY27 Amid Soaring Fuel Costs
Budget carrier IndiGo reported a net loss of Rs 238 crore for Q1 FY27, a significant decline from a Rs 2,176 crore profit last year. This loss occurred despite a 20% revenue increase, primarily due to a substantial 86% surge in aircraft fuel expenses.
Amazon Lays Off Employees from AGI Team Amid Strategic AI Refocus
Amazon has laid off employees from its Artificial General Intelligence (AGI) team, responsible for developing human-level AI, despite calling AGI a top priority. The cuts, affecting roles in model customisation and post-training, aim to sharpen focus on key AI initiatives amid continued heavy investment and recent leadership changes.
Russian Oil Discounts to India Disappear Amid Middle East Disruptions, Red Sea Risks
Russian crude oil discounts for India have ended due to Middle East supply disruptions and Red Sea shipping risks, increasing demand for alternative grades. This development, driven by geopolitical tensions, is expected to squeeze margins for Indian refiners like BPCL, which recently reported quarterly losses.