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The new Income Tax Act rolled out last month aims to reduce litigation, simplify compliance and build a transparent, technology-driven ecosystem for taxpayers, a senior official said here on Tuesday.Vivek Wadekar, the Principal Chief Commissioner of Income Tax (Pr-CCIT), Pune, speaking about the transition from the six-decade-old Income Tax Act of 1961, said the earlier legislation had become “bulky” after more than 4,000 amendments, often leading to disputes due to varying interpretations of provisions.”The Income Tax Act, 2025 has made the language simpler and easier to understand so that taxpayers as well as tax authorities are on the same page,”…

Hyderabad: Spend management platform Zaggle is setting aside $20–25 million for acquisitions over the next three to four quarters and is in early stage talks with a US-based company as it sharpens its focus on global expansion“We have set aside $20–25 million for acquisitions. The plan is to do 1-2 in India, but we want to definitely do one in the US and are in early stage talks with a company. We’re hoping to close the deal in this fiscal itself, but we’re keeping timelines flexible given the global uncertainties,” founder & executive chairman Raj P Narayanam told ET, adding…

There are concerns that a lack of Chinese intervention in the Iran conflict could prompt renewed U.S. military action as early as next week. Source link

The all-electric bZ4X Touring, sold as the bZ Wooland in the US, is Toyota’s most powerful vehicle without a GR badge. It’s also the fastest Toyota EV yet. Meet the rugged new Toyota bZ4X Touring EV The new Touring model brings more power, a longer driving range, and a touch of personality to the bZ4X SUV lineup. Toyota launched the bZ4X Touring in Europe on Thursday, designed for those looking for a little more space, performance, and off-road capabilities than what its first electric SUV offers. The bZ4X Touring is available in both front and all-wheel-drive powertrains. Equipped with a…

People moved back into the British Isles around 15,200 years ago after the last major ice sheet began retreating, according to new research. That timeline is nearly 500 years earlier than earlier estimates suggested. The return of humans appears to have happened alongside a sharp increase in summer temperatures in southern Britain. At the time, Britain was still connected to mainland Europe, allowing people and animals to move across the landscape more easily. Early humans likely followed migrating herds of reindeer and horses northward into newly opened grasslands that could support grazing animals. These hunting opportunities, combined with warmer conditions,…

Study Suggests: Accessory Renal Arteries May Be Innocent Bystanders in Prenatal Hydronephrosis We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by continuing to use our site. To know more, see our Cookie Policy and Cookie Settings.Ok Source link

Fervo Energy, the geothermal energy startup, saw its market valuation surpass $10 billion in its public market debut, an increase driven by demand for AI data centers — and the energy that can power them. Fervo had raised $1.89 billion in an upsized initial public offering on Wednesday, which initially valued the company at around $7.6 billion. Demand for Fervo stock was so great that the company and its bankers upsized the offering several times, selling an additional 14.6 million shares while lifting the price range twice, ultimately settling on $27 per share. The stock, which trades under FRVO on…

In a major step forward for neurobiology and bioelectronics, scientists at Northwestern University have created a wireless device that uses light to transmit information directly into the brain. The technology bypasses traditional sensory routes in the body and instead delivers signals straight to neurons. The device is soft and flexible, fitting beneath the scalp while resting on the skull. From this position, it sends carefully controlled light patterns through the bone to activate specific groups of neurons across the cortex. Light-Based Brain Signals in Animal Models During testing, researchers used tiny, precisely timed bursts of light to stimulate targeted populations…

New Delhi: The West Asia crisis should be a “wake-up call” for domestic industry to become self-reliant and efficient, as well as make better use of FTAs and reduce dependence on imports to strengthen the economy, commerce and industry minister Piyush Goyal said on Tuesday.”Make sure you are not overtly dependent on any one or two geographies in your business. This is a good wake up call in your interest and this will hold you in good stead for many many years to come,” he said, asking the industry to focus on faster indigenisation and to make businesses resilient to…

Kolkata Knight Riders (KKR) are without their mystery spinner Varun Chakaravarthy for the must-win IPL 2026 clash with Royal Challengers Bengaluru (RCB) on Wednesday, May 13. The match is being played at Shaheed Veer Narayan Singh International Stadium in Raipur. There was some uncertainty about Chakaravarthy’s availability for the game after he sustained a leg injury during KKR’s previous encounter against Delhi Capitals (DC). A video circulated on social media in which the 34-year-old was seen walking with crutches. Skipper Ajinkya Rahane confirmed that Chakaravarthy missed out due to an injury. He said at the toss after KKR were put…