The Employees’ Provident Fund Organisation (EPFO) has announced some major changes in guidelines and policies for its crores of members. Most of these changes are likely to be effective in the new year. The retirement fund body is set to introduce many new facilities for its subscribers. The primary objective of these new rules is
India once again proved that it’s a country that finds ‘happiness in food’ and according to food-delivery company Swiggy’s year-end report for 2024, Biryani remained the hot favourite for consumers this year as well. The food-delivery major released the 9th edition of ‘How India Swiggy’d’ and per the findings, Biryani remained the most-ordered dish, with
The allotment of Senores Pharmaceuticals shares is set to be finalised today (December 26). An Ahmedabad-based pharma company’s Rs 582.11-crore public issue opened for subscription from December 20 to December 24. On the final day of its bidding window, Senores Pharmaceuticals IPO received a subscription of 93.41 times. The IPO was priced in a band
Unimech Aerospace, a company that specialises in the manufacturing of tools and components for the aerospace industry, opened its public issue on December 23, aiming to raise Rs 500 crore. The issue on its final day of bidding of the three-day window is set to close today (December 26). The allotment of the shares is
Question: I am a salaried employee with the Leave Travel Allowance (LTA) as part of my salary structure. I am planning a trip to Kerala during the Christmas and New Year holidays. Can I claim tax benefits under LTA for my flight and stay expenses? If yes, could you please let me know the necessary
Branded hotels are expected to post double-digit revenue growth of 13-14 per cent this fiscal and 11-12 per cent in the next, stated a report by CRISIL Ratings. This, it added, will be fuelled by demand outpacing supply. While domestic leisure and business travel will continue to be the primary demand drivers, growing traction in
Mamata Machinery IPO Listing Status: Mamata Machinery IPO is set to debut on the stock exchanges tomorrow (December 27). The IPO, opened for subscription from December 19 to December 24, received a whopping subscription rate of nearly 195 times. The allotment of the shares was finalised on Tuesday (December 24) and the company is scheduled
NTPC Green Energy, an arm of NTPC, on Thursday (December 26) saw its shares drop by over 4 per cent during the early trading hours. This decline in the stock prices of the company follows the expiry of a one-month lock-in period for anchor investors, which allowed 1.83 crore shares, representing 2 per cent of
The Delhi High Court has granted interim relief to Reliance Power’s subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner. On November 26, the HC had granted
EatSure, the D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order. With this, the firm has become the first food delivery app in India to do so. Swiggy and Zomato, which corner the lion’s share of India’s
The central government has recently informed Parliament about unemployment benefits being provided under various central schemes to unemployed youth in the country. In the Parliament’s winter session, which concluded last week, parliamentarian GC Chandrashekhar asked the government about plans to introduce a scheme offering unemployment allowances to unemployed youth in the country to help them
ACME Renewtech Private Limited, a subsidiary of Acme Solar Holdings Limited, on Thursday announced that it has successfully secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project. The project, it added, will be located in high-resource
Tax planning helps you analyse your financial position and find ways to lower net taxable income and overall tax outgo using various provisions available under the Income Tax Act, 1961. It become even more important to review tax planning periodically as the government frequently brings changes to income tax rules either during the Union Budget
