In a significant legal blow to actor Vijay, the Madras High Court has upheld a Rs 1.5 crore tax penalty imposed by the Income Tax Department and dismissed his appeal challenging the levy. The penalty is linked to the alleged non-disclosure of additional income derived from the 2015 film Puli. According to the Income Tax Department, during tax searches conducted in 2015, it was revealed that of Vijay’s total remuneration of around Rs 15 crore, nearly Rs 5 crore was paid in cash and

Global gold reserves have come under renewed scrutiny as bullion prices climb to historic levels, strengthening the strategic and economic significance of mineral-rich nations. Gold is currently trading at approximately $4,290 an ounce in the international market, sharply raising the value of unmined deposits and drawing attention from investors, governments and mining companies seeking long-term supply security. Against this backdrop, geological estimates highlight a small group of countries

Gold and silver prices fell sharply on Friday as markets reacted to growing expectations that Kevin Warsh will be nominated as the next chair of the Federal Reserve, a development that appeared to ease concerns about the central bank’s long-term independence. The sell-off marked a sudden reversal for precious metals, which have enjoyed a powerful rally over the past year amid global uncertainty and a weaker U.S. dollar. By early afternoon in U.S. trading, silver prices had dropped

Silver prices in India have surged to a historic high, crossing the Rs 4 lakh per kilogram mark in futures trading and pushing up spot prices across major cities. The sudden spike has caught many buyers by surprise, especially as silver was trading at much lower levels just weeks ago. The rally has been sharp and swift, making silver one of the strongest-performing commodities in recent times and raising questions among consumers and investors about whether prices will continue to rise or cor

Gold prices surged to a fresh all-time high on Monday, crossing the $5,100 per ounce mark as investors increasingly turned to the precious metal for safety amid escalating geopolitical tensions and growing concerns over global fiscal stability. The rally extended gold’s record-breaking run, reinforcing its role as a preferred hedge during periods of uncertainty in financial markets. Spot gold climbed as much as 2.4 percent to trade near $5,102 per ounce, equivalent to approximatel

plunging close to one percent amid rising global uncertainty and mounting trade-related concerns. The S&P BSE Sensex fell by more than 700 points during afternoon trade to hover around the 84,300 mark, while the NSE Nifty50 slipped over 225 points to trade near 25,915. Weak sentiment spread across sectors, dragging frontline stocks as well as the broader market lower, reflecting heightened investor caution. Market participants attributed the decline to a combination of weak glob

Former White House physician and retired US Navy doctor Ronny Jackson has emerged as a central figure in negotiations that led to a $500 million mining and rare earths agreement between American and Pakistani entities, according to recent disclosures filed with the US Department of Justice. The filings, submitted under the Foreign Agents Registration Act, outline Jackson’s direct engagement with Pakistani officials and detail his involvement in shaping the deal at multiple stages.

With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind

Gold prices have surged to a new all-time high as 2025 approaches its final days, marking one of the strongest rallies ever seen in the precious metals market. Spot gold climbed to a record level above $4,500 per ounce in early Asian trade, extending a remarkable year-long run that has delivered gains of more than 70 percent so far this year. Silver and platinum have also joined the rally, underlining that the momentum is not limited to gold alone but reflects broader strength across precious

Gold and silver prices have surged to record highs as investors rush back to precious metals, turning them into one of the strongest signals of global economic anxiety. A year that began cautiously is ending with aggressive buying, driven by inflation concerns, interest rate expectations, geopolitical tensions, and fears emerging from global bond markets. On Tuesday, gold prices climbed sharply, with spot gold rising to fresh all-time highs and futures also posting strong gains. Sil

Meta is preparing a major comeback to the artificial intelligence industry with two new models named Mango and Avocado, expected to launch in the first half of 2026. These models are designed to challenge the dominance of OpenAI and Google, who currently lead the AI landscape. Mango will focus on generating high-quality images and videos, while Avocado will serve as Meta’s next large language model, built for text generation, complex reasoning, and coding capabilities. Both models are being

German lawmakers are widely expected to approve a defense procurement package exceeding 50 billion euros on Wednesday, marking one of the most significant military spending decisions in the country’s post-war history. The move reflects a broader shift in Germany’s security policy as the government seeks to strengthen national and allied defense capabilities following Russia’s invasion of Ukraine. Agenda documents for the Bundestag’s Budget Committee indicate that members are

Tax filing in 2025 was far more complicated for Indians than previous years, largely because personal income streams are no longer limited to salary alone. A growing number of taxpayers now earn through freelancing, digital content creation, SIP withdrawals, RSU vesting, intraday trades and influencer payouts. This shift has made filing returns prone to errors, especially for individuals who fail to reconcile their reported income with official tax statements. Financial experts say that AIS a

The U.S. Food and Drug Administration has released an updated notice regarding a nationwide recall of shredded cheese products distributed to several major retail chains, including Aldi, Target, and Walmart. According to the agency, more than 260,000 cases of shredded cheese may contain metal fragments, prompting officials to elevate their advisory and urge consumers to take immediate precautions. The update follows recent concerns in the dairy sector, including a separate recall involving Pr

China is developing the world’s first artificial floating island capable of surviving nuclear blasts and extreme ocean disasters. The massive 78,000-tonne structure, officially known as the Deep-Sea All-Weather Resident Floating Research Facility, is designed as a long-term deep-ocean base that can support up to 238 people for four months without fresh supplies. The island will feature a semi-submersible twin-hull design similar in size to the Fujian aircraft carrier and is expected to be o

A significant privacy issue in WhatsApp has come to light after researchers revealed that a long-standing flaw exposed the phone numbers and profile photos of nearly 3.5 billion users worldwide. The discovery was made by a team from the University of Vienna, who found that WhatsApp’s contact-discovery system lacked proper rate limiting, allowing automated tools to check millions of phone numbers per hour. Through this gap, researchers were able to confirm whether a number was registered on

Rising Diabetes Burden in India India has seen a rapid increase in diabetes cases over the last two decades. According to ICMR–INDIAB Study, diabetic adults rose from 32 million in 2000 to nearly 90 million in 2024. Approximately 1 in 9 Indian adults now live with diabetes, with numbers projected to exceed 100 million soon. Many cases remain undiagnosed, increasing the risk of complications. Lifest

If you’ve filed your income tax return and are still waiting for your refund, you’re not alone. Many taxpayers in India experience refund delays even months after filing. The good news is that under Section 244A of the Income Tax Act, 1961, the government must pay interest on delayed refunds provided the delay isn’t caused by the taxpayer. The interest rate is fixed at 0.5% per month or 6% per annum, calculated as simple interest on the refundable amount. Interest begins from

Leaked internal documents have exposed a shocking revelation about Meta, suggesting the company earned an estimated $16 billion annually from scam and fraudulent advertisements across its platforms, including Facebook, Instagram, and WhatsApp. Despite publicly claiming to prioritize user safety and ad transparency, these documents show a deep conflict between Meta’s financial gains and its enforcement of ad integrity policies. According to the leaked materials reviewed by Reuters,