If you did not disclose your foreign assets in the original Income Tax Return (ITR) filed for AY 2024-25, you must file a revised return as failure to do so could result in a penalty of up to Rs 10 lakh. The revised ITR can be filed up to December 31, 2024. In an advisory
– By Sarbojit Mallick The present digitally-driven world is moving at an unprecedented pace. Forward-moving organizations are constantly seeking innovative ways to optimize their recruitment strategy. Considering the burgeoning need for a highly efficient and effective recruitment process, the use of Artificial Intelligence (AI) is taking the industry by storm. It brings a tectonic shift
Larsen and Toubro (L&T) on Wednesday announced that its Energy CarbonLite Solutions vertical has secured Limited Notice to Proceed (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders, it added, pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh
The India Volatility Index (VIX) spiked by over 7% on Monday, reaching an intra-day high of 16.58, indicating heightened market uncertainty as investors take stock of various economic and geopolitical risks. This surge aligns with global volatility trends and reflects growing concerns in the Indian equities market. In the domestic market too, the investors are
Shares of Honasa Consumer, the parent company of Mamaearth, fell as much as 20% during Monday’s trading session, dropping below their IPO price of Rs 324. This significant decline followed the company’s announcement of its first quarterly loss in five quarters. Net Loss and Revenue Decline The company reported a consolidated net loss of Rs
Zinka Logistics IPO closes on November 18. The IPO opened on November 13 and aims to raise Rs 1,1142.72 crore. The issue is a combination of fresh shares and an offer for sale. The company’s IPO price band ranges between Rs 259 to Rs 273 per equity share and has seen steady retail participation. Zinka
Insurance Regulatory and Development Authority (IRDAI) Chairman Debasish Panda recently spoke of how India needs more global players to grow the insurance sector. Panda believes it is time to allow them to set up shop on their own without a local partner. A 100% foreign direct investment (FDI) policy, he says could bring in more
Indian markets have recently experienced significant fluctuations. Factors such as global developments, inflation worries, and varying interest rates have introduced volatility into the stock market. This has created a sense of uncertainty among numerous investors regarding the potential need to adjust their SIP (Systematic Investment Plan) contributions and whether it is an opportune time to
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
