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BusinessParents in India receiving money as gifts from their NRI children may be exempt from tax, but large amounts can trigger scrutiny from the Income-tax Department. It is important to understand when such transfers might prompt tax notices and how to properly document these gifts to avoid potential tax liabilities or inquiries.
Economic Times·
SportsLovlina Borgohain won the gold medal at the 2026 Asian Games by defeating China's Bao Jie 5-0 on her 29th birthday. After securing the gold, she celebrated by cutting a cake in the presence of fellow athletes and BFI president Ajay Singh. A video of the celebration has surfaced.
Amar Sports·
BusinessThe Indian stock market's Nifty index has not delivered positive returns for about two years, falling 12% from September 2024 to September 2026. The index closed at 22,620.35 on September 30, 2026, down 6.1% in September alone. Historical global market trends show such stagnation can last much longer, as seen in the S&P 500's prolonged weak performance after the dot-com bubble burst.
News18 Business·
WorldSonal Machchhar, wife of Indian pilot Captain Smit Machchhar, described feeling "very devastated" upon hearing about the Flydubai attack on her husband. Initially unable to process the news, she found support from friends, family, and Indian officials reassuring as updates confirmed Smit's stable condition. Meeting him later gave her further confidence in his medical care.
News18·
EntertainmentOn the set of Kaun Banega Crorepati 18, Amitabh Bachchan shared nostalgic memories of Kolkata's famous Park Street. He expressed that no place in the world matches the unique atmosphere of Park Street. Big B also spoke about singer Usha Uthup and the vibrant nightlife culture there, recalling his experiences fondly.
News18Hi Entertainment··Kolkata
BusinessJio Platforms is finalizing its IPO documents for an estimated $3.8 billion public offering, potentially India's largest. Led by Akash Ambani, this will be Reliance's first IPO since 2008. The company aims to attract global investors ahead of a planned market launch in late 2026, with details on valuation and shareholder quotas being finalized.
Mint Markets·
Economic Times·
Parents in India receiving money as gifts from their NRI children may be exempt from tax, but large amounts can trigger scrutiny from the Income-tax Department. It is important to understand when such transfers might prompt tax notices and how to properly document these gifts to avoid potential tax liabilities or inquiries.
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