The Tamil Nadu government in 2024 took significant steps towards its goal of achieving a $1 trillion economy by 2030. It includes securing major investments and introducing sector-specific policies aimed at boosting growth. Additionally, the government focused on improving the ease of doing business and hosted its first Global Investors Meet (GIM), marking a key
Six of the top 10 most valued Indian companies collectively added Rs 86,847.88 crore to their market capitalisation last week, with Reliance Industries and HDFC Bank leading the gains. The broader market also saw positive momentum as the BSE Sensex climbed 657.48 points (0.84 per cent) and the Nifty rose 225.9 points (0.95 per cent) over
Investment Proof Submission for FY2024-25: During this time of the year, salaried employees are asked by their HR departments to submit their investment proof to prevent excessive tax deductions. Failing to do so may result in the long and difficult process of claiming tax refunds. You need to remember that it is the employee’s sole
– By Abhishek Mundada As we bring down the curtains for 2024, India witnessed several major tax reforms in the year with an aim to stimulate economic growth, create employment opportunities and enhance the ease of doing business. While these reforms underscored the Government’s objective, among other things, to simplify tax structure, reduce compliance burdens
Private telecom operators in India are gearing up for a challenging start to the New Year, grappling with a dual set of challenges in their efforts to recover significant investments. Having committed approximately Rs 70,000 crore to expand 5G infrastructure and acquire radiowave assets in 2024, these telecom giants are now contending with subscriber losses
India has become increasingly aware and fond of skincare and beauty products and according to Honasa Consumer’s Year ender Wrap, consumers shopped for 99.2 million products underscoring the growing demand for beauty and personal care. Honasa Consumer Ltd, the parent company of Mamaearth, served over 18,700 pincodes in 2024. Besides Mamaearth, the company is home
– By Biswajit Biswas Artificial Intelligence (AI) is rapidly transforming society, revolutionizing industries, and redefining human interactions. However, its impact on human rights brings both opportunities and challenges. At this critical juncture, it is imperative to ensure that AI development and deployment adhere to robust ethical principles, respecting human dignity and inclusivity while addressing unintended
Various central government agencies like the Enforcement Directorate (ED), Directorate of Revenue Intelligence (DRI), and the Income Tax Department often seize assets like cash, gold, vehicles and real estate during legal proceedings. A recent question in the Lok Sabha highlighted concerns regarding the unsold seized assets, their depreciation over time, and the challenges of maintaining
Ethnic snacks maker Bikaji Foods International has become the latest entrant into the bakery products market in India and will operate a separate subsidiary to manage it. According to a recent regulatory filing, the Bikaner-based company has incorporated Bikaji Bakes Private Limited, a wholly-owned subsidiary of the company. Also ReadAI & beyond: Telangana CM meets
Bata India on Monday said that it will introduce a voluntary retirement scheme (VRS) at its Hosur unit in Tamil Nadu. “The Company believes that implementation of the VRS will be mutually beneficial to the workmen and the Company,” the company said in a regulatory filing. Also ReadAdani Enterprises to exit FMCG business In a
The ministry of new and renewable energy has released operational guidelines for the implementation of the payment security mechanism and central financial assistance to residential consumers through renewable energy services company (RESCO) model and utility-led aggregation (ULA) model under the newly launched rooftop solar scheme – PM Surya Ghar Muft Bijli Yojana. The implementation period
EaseMyTrip co-founder Nishant Pitti is set to sell his remaining 14% stake in the company for Rs 780 crore through a block deal scheduled for December 31, according to reports. The transaction involves 50 crore shares priced at Rs 15.6 per unit. Several prominent institutional investors are reportedly lined up to participate in the deal
The retail sector’s festive sales growth failed to meet expectations this year, reflecting subdued consumer demand, according to the Retailers Association of India (RAI). The sector recorded a modest 7% growth between October 7 and December 1, compared to the same period last year. This fell short of the anticipated 10% growth, as revealed in