Author: Legal Parivar

The Central Board of Direct Taxes (CBDT) has officially extended the due dates for filing Income Tax Returns (ITR) and Tax Audit Reports for the Assessment Year 2025-26, providing significant relief to taxpayers and professionals. The revised deadlines come as a timely measure, with the CBDT releasing the announcement on 29th October 2025.Revised Due Dates for FY 2024-25 / AY 2025-26. According to the CBDT press release, assessees mandated to undergo an audit under Section 139(1) of the Income-tax Act, 1961, now have until 10th December 2025 to file their ITR, instead of the earlier deadline of 31st October 2025.…

The move aligns with Zerodha’s strategy to make Coin its long-term, low-risk investment platform Zerodha’s investment arm, Rainmatter Capital, is set to lead a new round of funding in fintech startup Blostem, according to sources. The partnership will be formalised soon, though the exact size of the investment has not yet been confirmed. Blostem’s existing investors include AC Ventures, Mobikwik, and Delhivery founder Kapil Bharti. Coin to Add Digital Fixed Deposits Zerodha’s Coin app—a platform for long-term investments such as mutual funds, sovereign gold bonds, government securities, and the National Pension Scheme (NPS)—will soon enable users to invest in fully…

Intelligent automation now contributes about 8% to Coforge’s revenue, says CEO Sudhir SinghCoforge CEO Sudhir Singh has confirmed that the company will not repeat the data centre capital expenditure (capex) it made in the previous quarter, even as larger Indian IT players ramp up investments in AI infrastructure.The company had earlier spent $85 million in Q1 FY26, with $62 million directed towards setting up an AI data centre. Singh clarified that this was a one-time investment, not part of a long-term strategy to enter the compute or hosting business.> “We are not doing anything else in the data centre. We…

Asian markets traded mixed on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting, where another interest rate cut is widely expected. Japan’s Nikkei 225 surged more than 1%, setting a fresh record high, while the Topix index remained largely flat. In South Korea, the Kospi edged up 0.17%, whereas the Kosdaq slipped 0.25%. Australia’s S&P/ASX 200 declined 0.16%, and markets in Hong Kong were closed for public holidays. U.S. Federal Reserve Meeting Outlook Market participants are anticipating a 25-basis-point rate cut, following September’s reduction — which would bring the federal funds rate down to a…

Stocks to Watch: Here’s a quick round-up of the latest developments in the stock market — from major quarterly earnings and boardroom changes to strategic deals and bulk transactions. Earnings to Watch Today A packed earnings calendar awaits investors, with several large- and mid-cap companies set to announce their Q2 results.Among them: Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, LIC Housing Finance, PB Fintech, APL Apollo Tubes, Apollo Pipes, Bharat Heavy Electricals, Brigade Enterprises, CG Power, Fino Payments Bank, Five-Star Business Finance, PNGS Gargi Fashion Jewellery, HeidelbergCement India, Le Travenues Technology, Laxmi Organic Industries, Mahanagar Gas, NLC India, NMDC,…

The Republican-led U.S. Senate on Tuesday approved legislation to overturn former President Donald Trump’s tariffs on Brazil by ending the national emergency he declared in July. The emergency had been invoked in response to Brazil’s prosecution of former president Jair Bolsonaro for his alleged role in an attempted coup. In the first of three tariff-related measures expected this week, senators passed the Brazil bill by a narrow 52–48 margin, with five Republicans — Susan Collins, Mitch McConnell, Lisa Murkowski, Rand Paul, and Thom Tillis — joining Democrats in support. The measure now moves to the Republican-controlled House of Representatives, where…

Tata Capital on Tuesday reported an 11% quarter-on-quarter (QoQ) rise in net profit to ₹1,097 crore for the September quarter (Q2 FY26), marking its first quarterly results since listing. The company’s net interest income (NII) climbed 5% sequentially to ₹3,004 crore, reflecting the impact of its Tata Motors Finance acquisition, completed on May 8, 2025. Tata Capital said the results are presented on a sequential basis post-merger. “Following the Motor Finance acquisition, our focus has been on stabilising key business metrics before accelerating growth. The integration is progressing well and remains on track,” said Rajiv Sabharwal, Managing Director & CEO,…

India’s primary market is gearing up for a blockbuster week as at least three homegrown unicorns — Groww, Pine Labs, and Physics Wallah — are set to launch their initial public offerings (IPO ‘s) next week, collectively aiming to raise around ₹17,000 crore. According to market sources, Groww, India’s largest retail brokerage platform by client base, plans to raise about ₹7,000 crore, including an offer for sale (OFS) component worth ₹5,940 crore. Fintech major Pine Labs is targeting over ₹6,180 crore, while edtech player Physics Wallah is expected to mobilize close to ₹3,820 crore through its public issue. Lenskart IPO…

The US Federal Reserve (US Fed) has begun its crucial October 2025 FOMC meeting to decide whether to raise, hold, or cut interest rates for the world’s largest economy. The outcome will significantly impact global stock markets, inflation trends, and the dollar index. 📅 US Fed Meeting Date and Time The Federal Open Market Committee (FOMC) meeting started on Tuesday, October 28, 2025, and will end on Wednesday, October 29, 2025.The Fed rate decision will be announced at 2:00 p.m. EDT (11:30 p.m. IST). 🗣️ Jerome Powell Speech Time After the policy outcome, Fed Chair Jerome Powell will hold a…

The Supreme Court of India has allowed the government to reconsider Vodafone Idea’s adjusted gross revenue (AGR) dues, offering the cash-strapped telecom operator a crucial lifeline amid its ongoing financial challenges. The decision is expected to provide temporary relief to the company, enabling it to pursue long-delayed funding and sustain network investments that have been hampered by liquidity constraints. Vodafone Idea has been attempting to raise ₹25,000 crore in debt, which forms part of its broader ₹50,000–55,000 crore capital expenditure plan aimed at upgrading network infrastructure and expanding coverage. The court’s verdict could help the company secure bank support for…