Business

ITR-6 is applicable to companies other than those claiming exemption under Section 11. The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the assessment year 2025-26, enabling eligible companies to file their returns for the financial year 2024-25.“Kind Attention Taxpayers! Excel Utility of ITR-6 for AY 2025-26 is now live and available …

Supermarket chain Iceland will financially reward customers who report incidents of shoplifting, as part of efforts to tackle rising levels of retail theft. The retailer’s executive chairman, Richard Walker, said that shoppers who alert staff to a theft in progress will receive a £1 credit on their Iceland Bonus Card. The company estimates that shoplifting costs its business around £20m …

US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air Force One on Friday, as …

When Oakland resident Terrence Dwyer got a flyer advertising a solar system small enough to fit on his deck — and that plugs into a regular wall socket — he didn’t hesitate. “Absolutely, let’s do this right away,” he said.Such “plug-in” or “balcony” solar kits, long popular in Europe for their affordability and easy installation, are now gaining traction in …

US stocks hovered near record highs on Friday as Wall Street moved towards closing another winning week, buoyed by hopes that the Federal Reserve will cut interest rates in September.The S&P 500 was virtually unchanged in early trade, a day after notching a fresh all-time high, and was on track for its fourth winning week in the last five. The …

Shoppers in the US kept up a healthy pace of spending in July, particularly at auto dealerships, even as President Donald Trump’s tariffs began taking a toll on jobs and pushed some prices higher.Retail sales rose 0.5% last month, slowing from a revised 0.9% in June, according to the Commerce Department’s report released Friday. The July pace matched economists’ estimates. …

Kingsmill’s owner has said it has agreed to buy rival Hovis and plans to merge the companies in a move that would create the UK’s biggest bread brand. Associated British Foods (ABF) which also owns Primark, Ryvita and Twinings, said it would cut costs to make the two currently loss-making businesses profitable. The Unite union represents workers at Hovis and …

India and Singapore held the fourth meeting of their Joint Working Group on Trade & Investment (JWGTI) at Vanijya Bhawan in New Delhi on Thursday, focusing on ways to deepen economic cooperation and identify fresh areas of collaboration. The meeting came a day after the third India-Singapore Ministerial Roundtable, marking a week of intensive bilateral engagement.Ministry of Commerce & Industry …

Strikes by baggage screeners at Gatwick Airport have been cancelled but further walkouts could still take place, the Unite union has said. Baggage screeners employed by ICTS were due to strike from 22 to 26 August over a pay dispute, but action has been suspended after an improved pay offer from ICTS. Unite said it would now ballot its members …

The heads of the UK’s national institute for artificial intelligence (AI) have acknowledged recent months have been “challenging” for staff as the charity undergoes “substantial” change. It comes after staff raised “serious and escalating concerns” in a whistleblowing complaint this week submitted to the Charity Commission. They warned that the body – which receives £100m from the government – is …