Landslip on Shiradi Ghat hits movement of vehicles on Bengaluru-Mangaluru highway

The Supreme Court has annulled JSW's acquisition of Bhushan Power & Steel, mandating its liquidation due to legal and regulatory breaches. The court dismissed JSW's Rs 19,700 crore proposal, emphasizing delayed payments and a lack of good faith. It criticized the resolution professional for failing in their responsibilities and the committee of creditors for not safeguarding the interests of creditors, adversely affecting public sector banks. Full Article

SRINAGAR: Pakistan national Meenal Ahmed Khan was reunited with her husband, CRPF trooper Munir Khan, after a J&K high court order intervened just before her deportation at the Attari border. Meenal, who married Munir in January and entered India on a tourist visa, was eligible for a long-term visa due to her marriage, prompting her lawyer to file a petition against her deportation. The court allowed her to stay in Jammu until her visa status...

Apple CEO Tim Cook announced during the company's earnings call that tariffs could increase costs by approximately $900 million in Q3, based on current global rates. He noted that Apple had limited impact from tariffs in the previous quarter and emphasized the need for caution in using this estimate for future predictions, as policy changes could alter the outcome. To mitigate tariff-related costs, Apple is diversifying its supply chain, sourcing half of its iPhones for...

Maharashtra Deputy Chief Minister Ajit Pawar distanced himself from pre-election promises regarding a farm loan waiver, responding to Congress criticism of the Mahayuti government's failure to fulfill key commitments. When questioned by reporters, Pawar repeatedly denied making such assurances, despite reminders of the coalition's election promises, before leaving without further comment. Congress leader Balasaheb Thorat accused the government of neglecting farmers, while Pawar had previously stated that the state's financial condition did not allow for...

A significant change includes the increase in the reporting threshold for assets and liabilities under 'Schedule AL'. (AI image) Income Tax Return Filing FY 2024-25: The Income Tax Department has issued ITR form 3 for individuals and HUFs with business or professional income, officially notified on April 30 for Assessment Year 2025-26. Key changes include raising the reporting threshold for assets and liabilities under 'Schedule AL' from Rs 50 lakh to Rs 1 crore, introducing...

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