Taxpayers and chartered accountants reported glitches on the Income Tax Department's e-filing portal ahead of the July 31 ITR deadline. Users said they were unable to file returns, make tax payments or even log in. Some taxpayers urged authorities to extend the filing deadline if the portal issues are not resolved soon. "Upgrade infrastructure," an X user wrote.

Indian banks and insurers will launch a common customer identification system, Central Know-Your-Customer 2.0 (CKYC 2.0), in August, with mutual funds joining later, Reuters reported. Customers can access financial products without repeatedly submitting KYC documents. The upgraded platform will assign confidence scores and indicate whether customer information has been verified.

InterGlobe Aviation, which operates IndiGo, has proposed a series of commitments to the CCI, including a formal crisis management framework, temporary surrender of unused airport slots, automatic refunds, and fare protection. It aims to settle an antitrust probe. CCI had ordered an investigation after finding evidence that IndiGo abused its dominant position during the December 2025 disruptions.

US President Donald Trump ordered a Section 301 investigation into the EU's practice of "robbing American companies" after the bloc imposed a ₹9,800-crore fine on Google for abusing its market dominance. "US isn't a 'piggybank' for Europe...EU will pay a very big price for this illegal and highly unethical conduct," Trump said. He also threatened EU with a "substantial tariff".

The Enforcement Directorate (ED) has attached assets worth ₹1,906 crore in a money laundering case linked to online gaming firm Gameskraft, taking the total assets attached to ₹2,401 crore. The agency alleged that the company encouraged repeated betting through its gaming apps and created an "addictive" environment. The attached assets include bank deposits, shares, mutual funds and properties.

Motorists using national highways with bridges, tunnels, flyovers and elevated stretches will pay less tolls under new formula. Toll will be calculated by adding 10 times length of such structures to length of remaining highway section, or five times total length of highway section, whichever is lower. Structures measuring 60 metres or less won't be treated separately for this purpose.

Taxpayers missing the July 31 ITR filing deadline may face multiple penalties. These include a late-filing fee of up to ₹5,000 (₹1,000 if total income doesn't exceed ₹5 lakh), a revised return penalty of up to ₹5,000, and a penalty of 50%-200% for under-reporting income. Violating cash transaction rules can also attract a penalty equal to the amount received.

Skyroot Aerospace CEO Pawan Kumar Chandana shared how the company solved a glitch before the launch of India's first privately built orbital launch vehicle, Vikram-1. "Like in India, if something doesn't work, what we do is switch off, switch on. We just did that," he said. He added the issue got resolved after the system was restarted.

SEBI has barred former Axis Mutual Fund chief dealer Viresh Joshi from the securities market for seven years over a ₹30.56 crore front-running scheme. The regulator found that Joshi leaked confidential details of the fund's upcoming trades to an external trader, who placed trades ahead of the fund and made profits. SEBI also imposed a ₹3 crore penalty on Joshi.

Tata Consumer Products reported a solid performance for the first quarter, with a 28% year-on-year rise in consolidated net profit, supported by improved margins and easing tea costs in its domestic business. The company posted a net profit of ₹427 crore, up from ₹334 crore in the same period last year. Revenue from operations rose 11.9% YoY to ₹5,349 crore.