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Faceless I-T scheme: Delhi court extends custody of income tax official, CA in bribery case

New Delhi, Apr 29 (PTI) A Delhi court on Tuesday extended the CBI custody of an income tax official and a chartered accountant in a bribery case connected to the “faceless” I-T assessment scheme. The finance ministry had introduced the faceless scheme to increase transparency, reduce human interface and prevent corruption. The scheme is called “faceless” as the assessee does not get to see the face of his or her assessing officer and know who will be conducting the assessments. Principal district and sessions judge Anju Bajaj Chandana extended the custody after I-T deputy commissioner Vijayendra R and D K

Rising gold prices to shave a tenth off organised retailers’ volumes: Crisil Ratings

New Delhi [India], April 29 (ANI): The continued rise in retail gold prices to an all-time high is expected to reduce the sales volume of organised gold jewellery retailers by 9-11 per cent in fiscal 2026, according to a Crisil Ratings report. However, with prices and realisations expected to be significantly higher on year, revenues will still grow 13-15 per cent, the report added. This comes on the back of four straight years of more than 20 per cent revenue growth, which has seen the industry grow 2.5 times since fiscal 2021. Volume, however, has remained subdued with consumers purchasing

Rupee falls 2 paise to close at 85.25 against US dollar

Mumbai, Apr 29 (PTI) The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the US dollar on Tuesday, on recovery in the US dollar and geopolitical tensions between India and Pakistan. However, positive domestic markets and a decline in crude oil prices cushioned the downside for the domestic unit. At the interbank foreign exchange, the domestic unit opened at 85.06 and moved between the intra-day high of 84.96 and the low of 85.40 against the greenback. The unit ended the session at 85.25 (provisional), registering a fall of 2 paise

Markets end marginally higher; Sensex climbs 70 points on foreign fund inflows

Mumbai, Apr 29 (PTI) Equity benchmark indices Sensex and Nifty settled marginally higher in a volatile trade on Tuesday as investors turned cautious amid concerns over geopolitical tensions. However, intense buying in blue-chips Reliance Industries, Infosys and Tata Consultancy Services and unabated foreign capital inflows supported the domestic market. The 30-share BSE benchmark gauge climbed 70.01 points or 0.09 per cent to settle at 80,288.38. During the day, it jumped 442.94 points or 0.55 per cent to 80,661.31. The NSE Nifty ended marginally up by 7.45 points or 0.03 per cent to 24,335.95. From the Sensex firms, Reliance Industries, Tech

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