The Latest Breaking News from IT

Eternal Q1 profit jumps 4x; Meta blocks Delhi protest content

Eternal reported a significant jump in its revenue and profit for the first quarter of FY27. This and more in today’s ETtech Top 5.

The Economic Times · Jul 22

'Resign or we will terminate you': HC advocate shares how to avoid this HR ultimatum and forced resignation trap

Companies often pressure employees into resigning to avoid legal obligations. As per a HC advocate, a forced resignation under threat is not legally valid under Indian contract law. Such tactics can expose managers to criminal intimidation charges under the new Bharatiya Nyaya Sanhita. Employees should request time to review documents…

The Economic Times · Jul 22

AI bigger risk to IT workers than companies, says Marcellus’ Pramod Gubbi

Artificial intelligence may reduce Indian IT sector employment before impacting companies. Valuations are less compelling now after recent market rebounds and ongoing geopolitical risks. Opportunities for investment are currently few and far between for fund managers. Quality stocks have seen their valuation premiums correct to attractive levels. Healthcare and Indian…

The Economic Times · Jul 22

ITR 2026: Common income tax return filing mistakes that cost employees lakhs

A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensuring that all eligible deductions and benefits are correctly claimed. The Income Tax Return (ITR) filing due date for salaried individuals is July 31, 2026 if they are not liable for tax…

The Economic Times · Jul 16

IBM Just Lost $68B in a Day: What Triggered Its Worst Stock Crash Since 1968

The reasons behind IBM's 25% stock plunge, the impact on UK savers, and how AI hardware shifts are reshaping market value. Learn which bank downgraded IBM and what it means for your investments.

International Business Times UK · Jul 15

Home loan interest column for self-occupied house disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027

Home loan interest column for self-occupied house is disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027. The reason for this is under new tax regime, home loan interest tax deduction cannot be claimed but in old tax regime it can be claimed. So check…

The Economic Times · Jul 15

ED sells Hawker 800A jet for Rs 3 cr: Are you buying property or just a legal headache?

The Enforcement Directorate recently auctioned a private jet under money laundering laws. This sale clarified that attachment of property is not ownership by the agency. Ownership of seized assets only passes after a court confirms money laundering has occurred. The agency can sell rapidly depreciating assets like aircraft with court…

The Economic Times · Jul 14

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities fell sharply as escalating West Asia tensions lifted crude oil prices and weakened the rupee, raising inflation concerns. Sensex and Nifty declined up to 0.7%, while analysts said geopolitical risks overshadowed earnings optimism despite technical support remaining intact.

The Economic Times · Jul 14

Market wrap: Top gainers and losers on Nifty and Sensex today

Indian benchmark indices ended sharply lower on Tuesday as escalating Middle East tensions and surging crude oil prices triggered broad-based selling. Sensex fell 561 points and Nifty slipped below 24,100, with auto, IT, PSU banks and realty leading losses, while pharma stocks outperformed amid a flight to defensive sectors.

The Economic Times · Jul 14

Government says social media platforms must follow SOPs on child abuse material

Social media platforms must follow child abuse material reporting standards. Timely reporting and law enforcement coordination are key responsibilities. The government is examining Meta's response to Instagram ad concerns. Officials stated platform compliance with detection and reporting obligations is crucial. Future actions will be decided after assessing Meta's reply.

The Economic Times · Jul 14