Central government pensioners turning 80 will receive an additional pension in the form of additional compassionate allowance, the Department of Pension and Pensioners’ Welfare (DoPPW) clarified in an Office Memorandum issued on October 18. The DoPPW, which comes under the Ministry of Personnel, PG & Pensions, has shared new guidelines regarding additional pensions for central
Zomato posted another robust quarter with Q2 revenue of Rs 4799 crore led by growth in Blinkit, Hyperpure and Going Out segments, even as the Food Delivery segment continued on its steady path. Zomato’s food delivery GOV grew at a steady pace of 21 per cent, Blinkit grew at a healthy pace of 122 per
Q2 Earnings Result 2024-25: The Q2 earnings season is underway. Several notable companies will announce their Q2 earnings in the upcoming week from October 28 to November 2. From the earnings announcement of major firms, including Adani Power, Bharti Airtel, and Maruti Suzuki to Tata Technologies and Adani Enterprises, these firms will present their Q2
JSW Energy Limited on Wednesday announced that its step-down subsidiary JSW Renew Energy Eleven Limited has signed Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI), for ISTS connected 700 MW solar capacity awarded under SECI Tranche XIII. In a regulatory filing, the company said that the PPA is signed for supply
Persistent Systems rallied more than 12% to hit a fresh 52-week high of Rs 5,798.70 after it reported its Q2 FY25 results. The company reported a jump of 23.2% on year in net profit standing at Rs 325 crore in Q2 FY25, compared to Rs 236.26 crore posted in the second quarter of the previous
Shares of One97 Communications, the parent company of Paytm, are set to be in focus today following the company’s announcement on Tuesday regarding its approval from the National Payments Corporation of India (NPCI) to resume onboarding new users onto its Unified Payments Interface (UPI) platform. NPCI Approval to Resume Onboarding In its exchange filing, the
Weeks ahead of the upcoming Maharashtra Assembly elections, Pune rural police on Monday seized Rs 5 crore cash from a car amid the model code of conduct in force in the state as the polls are set to take place in a single phase on November 20. The cash was confiscated on Monday evening near
Royal Enfield already has two models in the 450cc category– the Himalayan and the recently launched Guerrilla. The bikemaker will launch at least two more offerings in this platform in the coming months– a scrambler and an off-road-friendly Rally version of the Himayan. The latter recently broke covers at the 2024 Cuenca rally in Spain.
Many taxpayers are confused about Finance Minister Nirmala Sitharaman’s announcement that individuals earning up to Rs 12 lakh per annum will not have to pay any tax under the new tax regime. This confusion arises because, technically, the income between Rs 8 lakh and Rs 12 lakh falls under multiple tax slabs, with the upper
Union Finance Minister Nirmala Sitharaman is delivering her 8th consecutive Budget speech in Parliament, with a sharp focus on economic growth, unemployment and middle-class relief. Among the key announcements, a major reform in the insurance sector was announced by the Finance Minister. Sitharaman declared that the Foreign Direct Investment (FDI) limit in the insurance sector
Finance Minister Nirmala Sitharaman announced during her Budget 2025 speech that the government will table a new Income Tax Bill in Parliament next week. The move is aimed at overhauling the existing tax framework and simplifying compliance for taxpayers. Also ReadBudget 2025: Key tax slab changes likely in new regime! Rs 5 lakh income to
On February 01, the share price of Maruti Suzuki was trading 2% lower before the Union Finance Minister presented the Budget 2025 in the Lok Sabha. However, the stock closed the session almost 5% higher on the National Stock Exchange. But what led to this spark in the auto companies’ stock prices? Well, it was
The Budget may not have any big bang announcements for the markets at large but Finance Minister Nirmala Sitharaman has announced key measures to boost consumption and capex. Schemes supporting the agri sector have been announced. The key highlight was that no income tax will be payable for up to Rs 12 lakh of income.
