BUSINESS HIGHLIGHTS- The Week

New Delhi, May 27 (PTI) Following are the top business stories at 2035 hours:

     DEL71 BIZ-TAX-2NDLD RETURN
     * Tax dept extends ITR filing due date for AY26 to Sep 15
     New Delhi: The Income Tax department on Tuesday extended the due date for filing ITRs for Assessment Year 2025-26 by individuals and entities who do not have to get their accounts audited to September 15. *

     DEL66 BIZ-OP SINDOOR-SITHARAMAN
     * India carried out precision strikes in Pakistan, no wrong attack: Sitharaman
     New Delhi: India carried out precise strikes in Pakistan under Operation Sindoor and there was no wrong attack, Finance Minister Nirmala Sitharaman said on Tuesday. *

     DEL67 BIZ-LD FDI
     FDI inflows up 13 pc to USD 50 bn in 2024-25; decline 24.5 pc in Jan-Mar quarter
     New Delhi: Foreign direct investment in India fell 24.5 per cent year-on-year to USD 9.34 billion in the January-March quarter of 2024-25 but grew 13 per cent at USD 50 billion during the entire previous financial year, according to the government data released on Tuesday. *

     DEL42 BIZ-LD-STOCKS
     * Stock markets snap 2-day rally, Sensex falls nearly 625 pts as banking, IT shares retreat
     Mumbai: Snapping the two-day gaining streak, benchmark Sensex tumbled nearly 625 points on Tuesday due to profit-taking in banking, IT and auto shares. *

     DEL75 BIZ-LD RUPEE
     * Rupee falls 30 paise to 85.40 against US dollar
     Mumbai: The rupee retreated from a two-day surge and depreciated 30 paise to settle at 85.40 against the US dollar on Tuesday, tracking a recovery in American currency index, negative domestic equity market and muted foreign fund inflows. *

     DEL77 BIZ-RESULTS-LD LIC
     * LIC Q4 profit jumps 38% to Rs 19,013 cr; decision on health insurer stake buy in 2-3 mths
     New Delhi: State-owned insurer Life Insurance Corporation of India (LIC) on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. *

     DEL65 BIZ-GANGWAL-2NDLD INDIGO
     * Rakesh Gangwal, family trust sell 5.72 pc stake in IndiGo for Rs 11,564 cr
     New Delhi: InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday trimmed their holdings by divesting a 5.72 per cent stake in the airline for Rs 11,564 crore through open market transactions. *

     DEL56 BIZ-RESULTS-LD BSNL
     * BSNL posts second consecutive quarterly profit in 18 years at Rs 280 cr in Q4: Scindia
     New Delhi: State-owned telecom firm BSNL earned a profit of Rs 280 crore in the fourth quarter ended March 31, 2025, marking its second consecutive quarterly profit in last 18 years, Union Minister Jyotiraditya Scindia said on Tuesday. *

     DEL41 BIZ-GOLD-PRICE
     * Gold snaps 4-day winning streak; declines Rs 800 to Rs 98,500/10 g
     New Delhi: Gold prices declined Rs 800 to Rs 98,500 per 10 grams, bringing an end to its four-day rally, in the national capital on Tuesday amid a fall in precious metal rates globally, according to the All India Sarafa Association. **

BUSINESS HIGHLIGHTS

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