Economic Times19.04.2026BusinessIndia
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Taxpayers Can E-Verify Income Tax Returns Using Multiple Online Options
Taxpayers in India can now e-verify their Income Tax Returns using various online methods, including Aadhaar OTP, Electronic Verification Code (EVC) via bank or Demat accounts, and net banking. The Income Tax Department outlines clear steps for each method, emphasizing that verification within the deadline is crucial for ITR completion.
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Eternal CEO Deepinder Goyal Downplays Budget Food Delivery Competition, Focuses on Bistro Initiative
Eternal CEO Deepinder Goyal dismissed competition from Rapido and Swiggy's budget food delivery, citing limited impact and unsustainable economics. He emphasized Eternal's focus on its Bistro initiative, aiming for supply chain innovation to make food delivery viable at lower price points. The company reported strong Q1FY27 profits.
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Temasek Explores Investment Opportunities in India's IPL Cricket League
Singapore's state investor Temasek is exploring investment opportunities in India's booming IPL cricket league, a senior executive confirmed. The league's rising franchise values, now over $18.5 billion, are attracting sovereign wealth funds and private equity firms.
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Trump's Proposed Generic Drug Tariffs: Limited Long-Term Impact on Indian Pharma
Donald Trump's proposed 200% tariff on generic drug imports raises concerns for Indian pharma, but experts suggest a limited long-term impact due to India's cost advantage, US dependence on imports, and lengthy factory approval timelines, making large-scale manufacturing shifts difficult.
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U.S.-India Trade Agreement Nearing Completion, Official Says
A senior U.S. official indicated a U.S.-India trade agreement is nearly complete, with negotiations virtually finished. The delay stems from pending U.S. Section 301 trade investigations, expected to conclude in weeks, potentially leading to the deal's signing within three to four months.
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RBI Sold $6.1 Billion in Forex Market in May Amid Global Volatility
The Reserve Bank of India was a net seller of $6.1 billion in the foreign exchange market in May, intervening amidst global market volatility and geopolitical tensions. Despite external uncertainties, India's economy remains steady with improving foreign investment inflows and comfortable foreign exchange reserves.
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