Economic Times23.04.2026BusinessIndia
GeriFM Sitharaman meets banks on AI risks
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Presumptive Taxation Scheme: Eligibility, Benefits, and Tax Audit Requirements
The presumptive taxation scheme simplifies income computation for eligible Indian taxpayers like freelancers and small businesses, reducing compliance burdens. However, a tax audit is required if actual income falls below prescribed rates, necessitating careful evaluation of profit margins and expenses before opting in.
Economic Times
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Gelişiyor·8 dakika önce
US Imposes 10% Tariffs on India, 16 Other Nations Over Forced Labor Imports
The US has imposed 10% tariffs on goods from India and 16 other nations, including Pakistan and Bangladesh, for allegedly failing to ban forced labor imports. India amended its foreign trade policy to prohibit such imports after the investigation began, leading to a lower tariff than initially proposed.
Economic Times
2 dk okuma
Gelişiyor·1 saat önce
IBM CEO Arvind Krishna says delayed software deals are coming back; a third have already closed
IBM's market value plunged after CEO Arvind Krishna reported delayed Q2 software deals and a mainframe sales drop. Krishna asserts these are deferrals, not losses, with a third already closed. IBM also launched Lightwell, a $5B AI security initiative targeting enterprise vulnerabilities.
Times of India
3 dk okuma
Gelişiyor·1 saat önce
EU Fines Google ₹890 Million for Digital Antitrust Violations
The EU fined Google ₹890 million for digital antitrust violations, alleging it favored its own services and apps on Google Play and its search engine. This marks the latest EU crackdown on Big Tech, drawing criticism from Google regarding its impact on European consumers and businesses.
TOI World
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Gelişiyor·4 saat önce
Indian Refiners Seek New Crude Suppliers, Reroute Shipments Amid Red Sea Conflict
Indian refiners are seeking alternative crude oil suppliers like Venezuela and Angola and considering rerouting shipments around Africa to avoid the Red Sea. This comes as Houthi attacks disrupt vital shipping lanes, pushing Brent crude prices above $100 a barrel.
Economic Times
2 dk okuma
Gelişiyor·5 saat önce
GTRI Questions US Forced-Labor Tariff on Indian Exports, Citing Lack of Evidence
The Global Trade Research Initiative (GTRI) challenges the US's 10% Section 301 forced-labor tariff on Indian exports, arguing it lacks evidence and aims to maintain trade barriers. India's policy change reduced the tariff from 12.5%, but 70% of exports still face the new duty.
Economic Times
2 dk okuma