Question: How is the perquisite for hotel accommodation provided to employees valued according to the Income-Tax Act, 1961? Response given by CA (Dr.) Suresh Surana: When an employer provides accommodation to an employee in a hotel, except when the employee’s stay is for a period not exceeding 15 days due to a transfer, the value
Aditya Birla Fashion and Retail Ltd (ABFRL) released its fiscal second quarter earnings with a loss of Rs 214.70 crore in comparison to a loss of Rs 200.34 crore recorded during the corresponding quarter of previous year. It posted revenue from operations at Rs 3,643.86 crore, registering a growth of 12.9 per cent as against
ACME Solar Holdings and Sagility India launched their IPOs in the first week of November. Sagility India has raised Rs 2,106.60 crore while ACME Solar Holdings has aimed to raise Rs 2,900 crore. The former is purely an OFS while the latter is a combination of fresh issue and OFS. Are you confused about which
Shares of state-run Rail Vikas Nigam Ltd (RVNL) fell over 6% to intra-day lows of Rs 443.30 on the NSE after the company announced its financial results for the September quarter, revealing a significant decline in profit and a modest dip in revenue. Profit & Revenue Decline RVNL reported a 27% year-on-year (YoY) drop in
Go to Live UpdatesLupin Share Price Today Live Updates, 08 Nov, 2024: Lupin shares are in the news. The stock surged 0.5% to Rs 2,123.15 after the company reported a strong performance for its Q2 on a year-on-year basis, with consolidated profit surging by 74.1% to Rs 852.6 crore compared to Rs 489.7 crore in
Kandomani Bhumij, an Independent candidate from the ST-reserved Potka constituency in East Singhbhum, is the richest candidate in the first phase of the Jharkhand Assembly elections, with declared assets over Rs 80 crore. He is followed by Congress candidate Krishna Nand Tripathi (Daltonganj, Palamu) and independent Ayush Ranjan (Ranchi), both of whom have declared assets
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While major companies across sectors have already released their Q2 numbers for FY25, market participants and investors are keenly waiting for many others to announce their earnings report. Firms including Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel
Reliance Industries has shed nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since its peak in July, as weak earnings and economic challenges weigh on the conglomerate led by billionaire Mukesh Ambani. The refining-to-retail giant’s shares have remained stagnant this year, underperforming the NSE Nifty 50 Index by the widest margin in a
Tiger Global-backed B2B seafood chain Captain Fresh reduced its net loss by 22% to 229 crore in FY24, while growing its topline by almost 70% to1,395 crore. The company has plans to end the current fiscal with a profitable bottom line and revenue growth in the range of $500-550 million. The company’s expenses rose 44%
FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5. The notice, served late last week, pertains to Dabur’s use of the name “Schezwan Chutney” for one of its products, according to a report by Bar and Bench. The case was filed by
– By Chandan Singh Ghugtyal Over the past five years, the Indian e-commerce landscape has witnessed a revolutionary transformation. Especially with D2C brands setting their foot and gaining dominance, conventional marketplaces have been facing significant challenges. Moreover, with the emergence of new-age technologies D2C industry has gained amplified reach and prominence, cementing their position in
The Indian equity market ended the session on a positive note today, supported by gains in banking, and metal stocks despite losses in IT stocks. The BSE Sensex closed at 76,670.02, up by 0.45%, while the NSE Nifty 50 settled at 23,160.20, marking a gain of 0.32%. The weakness in the currency continues. Rupee slipped
What’s hot and what’s not in the current market? If you are looking at stocks that you could consider, Bernstein, a global brokerage firm, updated its 2025 model portfolio for India? There are 5 new additions and 4 exclusions. As per the new updated list, Bernstein has added Adani Ports and Bharti Airtel while Reliance
