A man sold his residential property and invested the proceeds in another flat in Mumbai. The replacement property was jointly registered in his and his wife's names, with the total investment of around Rs 1.10 crore. He claimed exemption on the capital gains under Section 54 of the Income Tax Act.

India-New Zealand FTA effective from Oct 20; targets double trade to $7bn by 2030
https://timesofindia.indiatimes.com/business/india-business/india-new-zealand-fta-to-take-effect-from-oct-20-target-to-double-trade-to-7bn-by-2030/articleshow/135047532.cms

The Free Trade Agreement between India and New Zealand will come into effect on October 20. This agreement allows India to export goods to New Zealand without tariffs, boosting several sectors. India aims to double bilateral trade with New Zealand to NZD 7 billion by 2030. New Zealand exported nearly NZ$2.03 billion worth of goods and services to India in 2025.

Russia ships 20 million barrels of oil to Asia via Arctic route amid shipping disruptions: Report
https://timesofindia.indiatimes.com/business/international-business/russia-ships-20-million-barrels-of-oil-to-asia-via-arctic-route-amid-shipping-disruptions-report/articleshow/135051089.cms

Russia has nearly shipped 20 million barrels of oil to Asia through the Northern Sea Route in 2025. Disruptions to traditional shipping routes have prompted traders to favor the Arctic route. Indian imports of Russian crude have fallen significantly as Chinese refiners increased their purchases. Gazprom Neft is planning to increase Arctic shipments by 35% this year compared to 2025.

India probes Pernod Ricard, Diageo over Scotch whisky imports under UK trade pact
https://timesofindia.indiatimes.com/business/india-business/india-probes-pernod-ricard-diageo-over-scotch-whisky-imports-under-uk-trade-pact/articleshow/135050775.cms

Indian tax authorities are examining whether Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports for lower tariffs. The investigation follows reduced import duties under the recent India-UK trade pact that came into effect on July 15. Tax inspectors visited Pernod Ricard’s headquarters and searched Diageo’s offices regarding these classifications. Both companies claim they are cooperating fully with the authorities during the investigation.

India shelves coal import plan as high global prices, weak rupee raise costs
https://timesofindia.indiatimes.com/business/india-business/india-shelves-coal-import-plan-as-high-global-prices-weak-rupee-raise-costs/articleshow/135051117.cms

India has decided not to mandate coal imports for power plants due to high international prices and a weaker rupee. Coal stockpiles have reached critically low levels at many power stations, prompting concerns about electricity shortages in the country. Policymakers are focusing on boosting domestic coal production and improving transportation to mitigate the situation.

Trade margins on 137 cancer drugs capped, but will bills get lower?
https://timesofindia.indiatimes.com/business/india-business/trade-margins-on-137-cancer-drugs-capped-but-will-bills-get-lower/articleshow/135055741.cms

Food quality on trains to get better? IRCTC and QCI to crack down with surprise audits
https://timesofindia.indiatimes.com/business/india-business/indian-railways-cracks-down-on-food-quality-issues-after-passenger-complaints-irctc-partners-with-qci-for-surprise-audits-on-trains-and-stations-with-digital-evidence-to-speed-up-action/articleshow/135045412.cms

Indian Railway Catering and Tourism Corporation Limited (IRCTC) has entered into a strategic Memorandum of Understanding (MoU) with Quality Council of India to strengthen compliance with food safety and hygiene standards across the railway system, according to a statement issued by the Railway Ministry. As part of the system, inspectors will use a mobile application to record their findings, with geo-tagging, time-stamps and photographic evidence made mandatory.

Rising crude, lender-margin squeeze take toll on Dalal-Street
https://timesofindia.indiatimes.com/business/india-business/rising-crude-lender-margin-squeeze-take-toll-on-dalal-street/articleshow/135059426.cms