New Delhi — A growing backlog in processing income tax returns (ITRs) for the current assessment year is resulting in widespread delays in issuing refunds to taxpayers, according to official data and industry reporting. While refund timelines historically ranged from a few weeks to a couple of months after filing and verification, many filers are now waiting several months or longer for refunds to be credited to their accounts.  Large-Scale Backlog in Return Processing As of early January 2026, the Income Tax Department’s Centralised Processing Centre (CPC) data shows that millions of ITRs remain unprocessed,…

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Adamuz, Córdoba — Monday, 19 January 2026 — A catastrophic collision between two high-speed passenger trains in southern Spain has left at least 39 people dead and dozens more injured, authorities confirmed as rescue operations wind down and recovery efforts continue in difficult conditions.  The accident occurred on Sunday evening, 18 January 2026, near the town of Adamuz in the province of Córdoba, on a section of the Madrid–Seville high-speed rail line.  What Happened Shortly before 7:45 p.m. local time, an Iryo high-speed train traveling from Málaga to Madrid derailed. Within moments, a Renfe-operated train traveling in the opposite direction from Madrid to Huelva collided with the derailed…

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Sharp Drop in Wipro Share Price After Q3 FY26 Earnings In a pronounced market reaction, shares of Wipro Ltd experienced a sharp decline following the company’s third‑quarter financial results for the fiscal year 2025‑26 (Q3 FY26). The Bengaluru‑based IT services firm’s stock fell by nearly 10 % at the start of the trading week, marking one of its steepest drops in recent times. This movement occurred after the company reported mixed earnings and offered a cautious outlook for the upcoming quarter.  Financial Results: Profit Decline and Revenue Growth For the quarter ended December 31, 2025, Wipro reported…

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IndiGo’s December Flight Disruptions: A Detailed Look at the Operational Crisis and Its Aftermath In early December 2025, India’s largest airline, IndiGo, experienced one of the most severe operational disruptions in the country’s civil aviation history. Tens of thousands of passengers were affected as widespread flight cancellations and delays unfolded, prompting regulatory action, deep industry scrutiny, and broad public debate. Between 3 and 5 December 2025, IndiGo canceled 2,507 scheduled flights and delayed 1,852 others. The disruptions left more than 300,000 passengers stranded across airports nationwide, causing significant inconvenience during a peak travel period that coincided with…

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Historic Surge in Silver Prices: Precious Metal Breaks All Records January 19, 2026 | Financial Markets DeskSilver prices have reached unprecedented levels across global and Indian markets, marking a historic milestone for the white metal and underscoring strong interest from investors and traders. On January 19, 2026, silver futures on India’s Multi Commodity Exchange (MCX) surpassed ₹3,00,000 per kilogram for the first time in history, a milestone that reflects significant upward momentum in the commodity markets. This marks an extraordinary ascent in value that has drawn widespread attention from both retail and institutional…

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The state-level finale of Lokmat MahaGames, Maharashtra’s largest inter-school multi-sport tournament, concluded with a prestigious awards ceremony at The Ritz-Carlton, Pune. Padma Bhushan awardee and Olympic medalist Saina Nehwal, Brand Ambassador of Lokmat MahaGames, felicitated young champions from across the state, honouring their commitment, discipline and sporting excellence. Organised by Lokmat Campus Club and presented by the Abhay Bhutada Foundation, Lokmat MahaGames serves as a key platform to identify and encourage young athletes at the school level. The tournament spanned 12 regions across Maharashtra before culminating in a state championship,…

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54th ODI Century — Historic Landmark In the third and deciding ODI against New Zealand at the Holkar Stadium in Indore, Kohli scored a record-extending 54th ODI century, a milestone that places him second on the all-time ODI hundreds list behind Sachin Tendulkar. This century came in a high-pressure chase, where the Indian team was set a challenging target by the visitors.  Kohli’s innings — crafted with characteristic balance between aggression and composure — underlined his continued relevance in the 50-over format, even as India fell short of victory in the match.…

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Exit Polls and Seat Predictions: Mahayuti Alliance Poised for a Clear Lead in BMC Elections Mumbai, January 16, 2026: As the Brihanmumbai Municipal Corporation (BMC) elections enter the crucial counting phase, exit polls released after voting on January 15 provide the first comprehensive indicators of how the political landscape in India’s richest civic body may be reshaped. The BMC, with 227 seats and a majority mark of 114, has drawn intense focus from political analysts, parties, and electorate alike.  Exit Polls Consistently Predict Mahayuti Majority A range of exit polls—conducted independently by established survey…

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Iran Currency Plunges to Historic Lows Against the U.S. Dollar — Latest Developments TEHRAN — Iran’s national currency, the rial (IRR), has collapsed to unprecedented lows against the U.S. dollar (USD), deepening an already profound economic crisis and fuelling widespread social unrest across the country. According to multiple market sources, the rial is now trading at around 1.45 million to 1.47 million rials per U.S. dollarin unofficial or free-market exchanges — record levels that underscore the severity of the currency’s depreciation.  Historic Depreciation and Economic Context The dramatic slide in…

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