The Income Tax Department last month extended the deadline for filing Income Tax Returns (ITR) in non-audit cases for the financial year 2024-25 to 15 September 2025. While this relief may be good news for some people, it does not mean that you wait till the last day. Today, when tax portals and documents have
The luxury hospitality sector seems to be experiencing an unprecedented boom, with EIH, which operates the Oberoi and Trident hotels, reporting its best-ever financial performance in FY25. Riding on a steady rise in demand for premium stays, the company’s income per available room surged 70% in the last two years, touching nearly Rs 21,000 a
Gold’s performance has been rock-solid, so far. The price of gold has risen by more than 40% in the past year. From the lows of $1,630 per ounce in October 2022 to the current level of $3,260, gold has delivered 100% in just about 28 months. Now, that’s what is called – par excellence performance.
The Employees Provident Fund Organisation (EPFO) has started crediting interest for the financial year 2024-25 to the accounts of its members. Although no official email or SMS has been sent by the EPFO so far, many people have received the interest amount in their PF account. The Finance Ministry recently ratified an 8.25% interest rate
The street is readying for the Q1 earnings, and all eyes are on how the new financial year kickstarted for corporate India after the blockbuster Q4. In fact, the earnings performance in Q4 exceeded popular expectations by a wide margin. The fourth quarter earnings growth bordered around the 10% level as opposed to earlier estimates
Indian equity markets closed the session on a higher note for the fourth consecutive session, and this is the second week markets have closed in the green. The Nifty 50 closed the session 88.80 points or 0.35% higher at 25,638, the Sensex jumped 300 points or 0.36% to end above 84,000 for the first time
In the wake of RBI repo rate cuts in the last around 6 months, the affordability of homes for buyers has improved across eight major cities in the country in the first half of this year, according to a report. According to Knight Frank India’s latest Affordability Index for H1 2025, housing affordability has improved
Danish pharma giant Novo Nordisk is preparing for a major push in India with its blockbuster weight-loss drug Wegovy (semaglutide), according to a report by The Economic Times. The company is targeting sales of $1 billion (around Rs 8,600 crore) in the next five -seven years. The Economic Times, citing sources, reports that a pan-India
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under
IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike
