The Income Tax Department has begun sending text message alerts to taxpayers suspected of claiming deductions for bogus donations, signaling a sharper compliance drive ahead of the assessment cycle. The outreach is part of a data-driven enforcement strategy aimed at curbing misuse of tax exemptions under charitable contribution provisions. By nudging individuals to verify and, if necessary, revise their returns, the department is seeking voluntary compliance before initiating formal scrutiny.

Shivganga Drillers has initiated its journey toward a stock market listing by filing draft red herring prospectus documents with the Securities and Exchange Board of India. The proposed initial public offering signals the company’s intent to access long-term capital to strengthen its balance sheet and support future expansion. Operating in a niche segment of the infrastructure and drilling services space, Shivganga Drillers is seeking to leverage favorable demand trends driven by water management, construction and energy-related projects.

Logistics technology platform Shiprocket has taken a decisive step toward the public markets by filing draft papers for an initial public offering aimed at raising Rs. 2,342 crore. The proposed issue underscores the company’s ambition to scale its digital logistics ecosystem amid India’s rapidly expanding e-commerce and direct-to-consumer landscape. The IPO is expected to comprise a mix of fresh equity issuance and an offer for sale by existing shareholders.

State-owned Steel Authority of India Ltd. (SAIL) recorded a 14% increase in sales during the April–November period of the current financial year, underscoring resilient demand for steel even as the sector grappled with sustained price pressures. The growth reflects steady domestic consumption, infrastructure-led demand and improved operational efficiencies, offsetting the impact of volatile global steel prices and rising input costs. While realizations remained under strain, higher volumes and disciplined cost management supported overall performance.

In an address that blended motivation with pragmatic business wisdom, industrialist Sudhir Mehta called on graduating students to cultivate self-reliance, resilience, and the courage to think beyond conventional boundaries. Emphasizing India’s evolving economic landscape, Mehta encouraged young professionals to develop skills that align with global standards while contributing meaningfully to the nation’s growth trajectory. He highlighted the importance of innovation, integrity, and long-term vision as essential attributes for future leaders.

The Institute of Chartered Accountants of India (ICAI) has approved a fresh set of norms governing global networking, multidisciplinary partnerships, and advertising for audit and accounting firms. The revised framework aims to modernize professional practices, align Indian firms with international standards, and expand opportunities for domestic accountants in a rapidly globalizing market. The guidelines seek to provide greater operational clarity, enhance transparency, and encourage ethical promotion of services without compromising professional integrity.

The World Bank has sanctioned a USD 600 million financing program dedicated to improving air quality in Haryana and Uttar Pradesh—two of India’s most pollution-affected states. The initiative aims to support long-term emission reduction, accelerate clean-energy adoption, and promote sustainable urban planning. By targeting multiple sectors, including industry, transport, and agriculture, the program seeks to deliver measurable improvements in ambient air quality.

A recent study by smartphone maker Vivo highlights a growing concern among Indian households: the increasing intrusion of mobile phones into family time. The findings reveal that prolonged device usage is weakening interpersonal communication, reducing shared activities, and contributing to emotional disconnect within families. As digital dependence rises across age groups, the report underscores a widening gap between physical presence and meaningful engagement at home.

Samsung has reaffirmed India’s rising importance in its global strategy, positioning the country as a future hub for technological innovation, advanced research, and strategic product development. The company’s leadership has underscored India’s expanding talent base, robust digital ecosystem, and accelerating consumer market as key drivers of this shift. With growing investments in R&D, manufacturing, and cutting-edge technologies, Samsung aims to leverage India not just as a production center but as a cornerstone for shaping next-generation solutions.

The Securities and Exchange Board of India (SEBI) has decided to defer the implementation of its revised nomination framework for demat and trading accounts, offering investors and intermediaries additional time to comply with the mandatory requirements. The decision follows industry feedback citing operational challenges and the need for a smoother transition before enforcing new standards. The deferral aims to prevent disruption in market participation and ensure that retail and institutional investors do not face account restrictions.