In a recent statement, US Ambassador Sergio Gor revealed that substantial progress has been made in the negotiations for a trade deal between India and the US. He pointed out that many crucial items on their agenda have been successfully addressed. Gor also underscored the vast potential for American businesses to thrive in India's diverse market, assuring that current dialogues about Russian sanctions are not aimed at India.

Direct tax mop-up rises 13.21% to Rs 13.38 lakh crore till October 14
https://timesofindia.indiatimes.com/business/india-business/direct-tax-mop-up-rises-13-21-to-rs-13-38-lakh-crore-till-october-14/articleshow/134962567.cms

India's net direct tax collections reached Rs 13,37,866.98 crore for FY2026-27 as of October 14. Gross collections increased to Rs 16,03,066.12 crore, while refunds rose by 24.22 percent year-on-year. Net corporate tax receipts stood at Rs 5,99,062.48 crore, showing considerable growth from the previous year. Non-corporate tax collections also increased alongside significant rises in refunds in that category. Overall, direct tax receipts reflected a strong growth trend amid increasing refunds.

PM Modi inaugurates Rs 3,350 crore projects in Ladakh, including new Leh airport terminal
https://timesofindia.indiatimes.com/business/india-business/pm-modi-inaugurates-rs-3350-crore-projects-in-ladakh-including-new-leh-airport-terminal/articleshow/134962747.cms

Prime Minister Narendra Modi recently launched five pivotal projects in Ladakh aimed at advancing airport facilities and improving road connectivity. These projects feature a new terminal at Kushok Bakula Rimpochee Airport and the creation of the Nimmu-Padum-Darcha Road. The Hanu Hydroelectric Project will foster renewable energy, supplemented by a Conservation Park to preserve historic artifacts.

‘Consistent with good practices’: IMF defends India's revised GDP calculation
https://timesofindia.indiatimes.com/business/india-business/consistent-with-good-practices-imf-defends-indias-revised-gdp-calculation/articleshow/134962902.cms

The International Monetary Fund has recognized India's updated approach to measuring gross domestic product, commending the Ministry of Statistics and Programme Implementation for enhancing GDP metrics. Amid strong economic performance and rising domestic demand, the IMF has also revised its growth predictions for India. Currency fluctuations were acknowledged; however, Srinivasan clarified they do not indicate any economic frailty.

India-US trade deal: First phase finalised, legal drafting under way, says Piyush Goyal
https://timesofindia.indiatimes.com/business/india-business/india-us-trade-deal-first-phase-finalised-legal-drafting-under-way-says-piyush-goyal/articleshow/134963311.cms

According to Commerce Minister Piyush Goyal, India's trade agreement with the US has advanced to the legal drafting phase, aiming to grant India a competitive edge. The implementation of this pact is anticipated shortly. Meanwhile, negotiations for a free trade agreement with the European Union are expected to conclude by December.

India-China trade jumps 29% to $91.76 billion, overtakes US in first half of FY27
https://timesofindia.indiatimes.com/business/india-business/india-china-trade-jumps-29-to-91-76-billion-overtakes-us-in-first-half-of-fy27/articleshow/134971325.cms

India's bilateral trade with China rose significantly in the first half of the financial year. Trade with the US also increased, although the surplus narrowed. Exports to various countries, including Singapore and Tanzania, showed substantial growth. However, imports from some nations declined during this period. Overall, projections for India's merchandise exports remain optimistic as growth trends continue.

Flat redeveloped and sold for Rs 1.95 crore in 8 days; taxman denies LTCG, ITAT grants relief
https://timesofindia.indiatimes.com/business/india-business/he-bought-a-home-gave-it-for-redevelopment-years-later-and-sold-new-flat-for-rs-1-95-crore-within-8-days-taxman-denied-ltcg-exemption-and-added-rs-80-14-lakh-but-itat-grants-relief/articleshow/134969634.cms

The man had purchased a 510-square-foot flat in a housing society in Mumbai, during FY 2006-07, where he lived with his wife. Many years later, in FY 2012-13, the housing society entered into a redevelopment agreement with a builder. The builder handed over the redeveloped flat to the man after the two parties entered into an Agreement for Permanent Alternate Accommodation in 2018.