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August 31 is the ITR filing deadline for non-audit taxpayers for AY 2026-27. If you miss this date, you can still file a belated return. However, you may have to pay a late fee of up to ₹5,000 and interest. Also, you might lose the chance to carry forward losses.
Amritsar-H.S. Nanded Special trains will run from August 31, 2026, to manage passenger rush. These trains will stop at many stations, including Delhi Safdarjung and Bhopal. Meanwhile, South Central Railway caught 15,153 irregularities during a recent drive. General Manager Sanjay Kumar Srivastava said, "Ticket checking plays a vital role in the Railways."
A Delhi entrepreneur paid ₹271 crore for a penthouse at DLF’s Dahlias complex this month. DLF now targets wealthy buyers across India, including Kolkata, for its luxury Gurgaon homes. Akash Ohri said, "We have got a good amount of luxury and super luxury customers coming out of the east."
August 31 is the deadline for many taxpayers to file income tax returns for assessment year 2026-27. The Income Tax Department said more than 7 crore ITRs got filed already. People with business or professional income who do not need audits must use today to finish their tax filings now.
Crude oil futures traded higher on Monday morning after US forces attacked an Iranian island in the Strait of Hormuz. Brent oil futures rose to $90.18, while WTI crude reached $85.09. Experts said, "This reinforces concerns about a prolonged stalemate between both sides and disruptions to energy flows."
The Reserve Bank of India will conduct a ₹6 lakh crore reverse repo auction on August 31 to drain excess cash. As foreign inflows swell, the bank uses this tool to absorb liquidity. Gaura Sen Gupta said, “The liquidity management strategy will influence both money market rates and the yield curve.”
Cosmo First and CCL Secure submitted bids for the Reserve Bank of India’s polymer banknote project by the August 18 deadline. The RBI mandated that these notes must not contain animal tallow. Furthermore, companies must firewall their Indian operations from any business they conduct in China and Pakistan today.
Jio Platforms got the nod from SEBI for its ₹37,700 crore IPO on 28 August. This mega issue could be India’s largest ever when it hits the market by the end of 2026. Reliance said the company will use the money to pay off debts and for general corporate purposes.
Megha Engineering managing director PV Krishna Reddy is raising $700 million from global private credit investors to buy his uncle’s 43% stake. Lenders like Davidson Kempner started work on the deal structure. This move shows the growing role of private credit in India as the company expands its global infrastructure projects.
Advertisers are looking beyond Google and Meta as concerns over dependence on these platforms grow, Snap’s Ajit Mohan said. Snapchat crossed 250 million users in India, while domestic advertisers grew 10x in two years. "We're getting the feedback that marketers fear concentration," Mohan said, as Snap expands its revenue streams.
Jamnagar and Thane face high water stress as the AI boom drives up data centre cooling needs. Rystad said, "Data centres consumed 222 billion liters of water directly for cooling in 2025, but that figure could nearly triple to just under 644 billion liters by 2030 in our risked central case."
Senior executives are enrolling in artificial intelligence programs to lead business transformations. Demand from experienced professionals is outpacing freshers as leaders take charge of AI strategy. "AI has become a board-level agenda rather than an IT one," said Anuj Vishwakarma. Many learners now come from banking, healthcare, and energy sectors.