Business

Assessments under Section 144B of the Act are often described as both “faceless” and “jurisdiction-less”. India’s faceless assessment regime is an important part of a broader strategy to move away from manual, officer-led discretion-based scrutiny to a technology-led standardised and transparent tax administration. It significantly reduces the need for in-person meetings, improves accountability, and ensures…

Daniil Medvedev loses cool (Screengrabs) Daniil Medvedev endured a dramatic night at the Cincinnati Open, missing three match points before losing 6-7(3), 7-6(4), 6-1 to Brandon Nakashima.The Russian also damaged advertising boards, knocked over microphones and argued with the umpire during a frustrating third-round defeat. Missed chances spark meltdown Medvedev had to fight hard to…

Nick Kyrgios of Australia (Photo by Morgan Hancock/Getty Images) Nick Kyrgios has revealed that he tested positive for cocaine and has been provisionally suspended from tennis.The Australian, who reached the Wimbledon final in 2022 before losing to Novak Djokovic, shared details of the case on social media. Kyrgios accepts responsibility The 31-year-old said the positive…

The projects are expected to add 410 km to the railway network, connect 6,448 villages and enable 76 million tonnes of additional freight traffic annually. The Union Cabinet on Tuesday approved five infrastructure projects worth a total of Rs 13,041 crore, including four railway multitracking projects costing Rs 9,450 crore and the four-laning of an…

The push for wider PNG adoption gathered pace during the Middle East conflict earlier this year. (Image for representative purpose only) Looking to push for faster adoption of piped natural gas (PNG), the government has introduced an additional incentive for city gas distributors to expand household piped-gas networks. The scheme offers 200 standard cubic metres…

Wilson Campbell is set to depart as Air India CEO Air New Zealand has appointed outgoing Air India CEO and Managing Director Campbell Wilson to its board, marking his return to a non-executive role after more than three decades in the aviation industry.Wilson, who has been leading Air India’s transformation, will step down from the…

England vs Pakistan, 1st Test Live Updates: Pakistan captain Babar Azam was ruled out of the first test against England starting on Wednesday because of a hand injury. Babar was struck on the middle finger of his right hand while batting against the West Indies this month, and hit again in a warmup game last…

Satwiksairaj Rankireddy and Chirag Shetty, front. (File photo) Indian men’s doubles pair Satwiksairaj Rankireddy and Chirag Shetty moved into the pre-quarterfinals of the BWF World Championships in New Delhi on Wednesday without playing a match after their Scottish opponents withdrew.The fifth-seeded Indian pair, who have won two bronze medals at the World Championships, had received…

India’s Manav Suthar, right, celebrates. (AP Photo) TimesofIndia.com in Galle: Two wickets in a session and then three in a single over. An extremely contrasting period of play on either side of the lunch interval saw India, riding on Manav Suthar’s second five-wicket haul in Tests, and first ten-wicket haul wrap up Sri Lanka’s innings…

Indian equities have declined over the past two weeks despite a brighter earnings outlook. India’s stock market, among the worst performing this year, has now replaced Indonesia to become the ‘least-favoured’ stock market in India, as per a fund managers’ survey by Bank of America Corp. This signals growing investor caution for the Indian stock…