The Reserve Bank of India has announced Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V premature redemption date. The investors can opt for premature redemption on August 11, at Rs 10,070 per unit. The maturity period of SGBs is 8 years. The early redemption is allowed only after the fifth year from the date
Most of us make a mistake when planning for retirement – underestimating the impact of inflation. We think that the amount we are saving today will be enough to meet our needs after retirement. But the reality is that inflation reduces the purchasing power of money year after year. Today, we will understand this through
The government is going to introduce a new revised Income Tax Bill in the Lok Sabha on August 11, which will include many important changes compared to the old bill. The original bill introduced in February this year was sent to the Select Committee of Parliament for review. Now the government will introduce a revised
India’s leading IT company Tata Consultancy Services (TCS) has recently announced plans to reduce its workforce by 2%. This figure indicates the loss of more than 12,000 jobs. The IT bellwether’s move has created a wave of concern not only in the Indian IT sector but in the corporate world as a whole. The company
“Large cap is the new debt. Private markets are the new equity,” Edelweiss Mutual Fund MD & CEO Radhika Gupta remarked, referring to a quote she came across. The statement has struck a chord with many, as it captures the evolving risk appetite of investors. “An interesting quote I heard today that summarises how risk
Realty major Nimbus Group has announced an investment of Rs 1,100 crore to develop Arista Luxe Phase II, a premium residential project located in Sector 168, Noida. The development, formerly stalled, is being revived under the Legacy Stalled Projects Scheme with formal approval from the New Okhla Industrial Development Authority (NOIDA), the Noida-based real estate
ITR Filing AY 2025-26: As many as 2.47 crore income tax returns (ITRs) have been filed for the financial year 2024-25. Of these, nearly 1.14 crore returns have been processed by the Income Tax Department. Going by what we saw in the previous year, around 75% taxpayers are yet to file their returns. Every year
ITR Filing news: With ITR filing date extended to September 15, you now have more time to decide between old and new tax regimes. Salaried employees or pensioners without business income can change tax regime every year before filing ITR by simply selecting the option in ITR-1 or ITR-2. ALSO READTired of high rents and
WHENEVER A NON-RESIDENT Indian (NRI) sells a property, the buyer has to deduct tax on the gross sale consideration rather than on the actual taxable gains. However, there’s a way out to ensure that tax is withheld only on the real capital gains arising from the sale and not on the entire transaction value. For this
After being formally separated from gambling-based segments, esports are now eyeing towards becoming a far more attractive proposition for mainstream corporate sponsors and institutional investors. Esports’ Rise vs. RMG’s Decline Esports, which traditionally depends on sponsorships and media rights, is now expected to grow fan-led monetisation through event ticketing, merchandise and digital engagement. Big brands
Shares worth Rs 1.75 lakh crore are set to be unlocked in the next three months (August 28-November 27), as the pre-listing lock-in period of promoters, anchor investors, and other shareholders in 57 companies is set to expire, according to a report by Nuvama Institutional Equities. While this unlocking will increase the supply of shares
Paving the way for an overhaul of the eight-year-old goods and services tax (GST) regime, a group of ministers on rate rationalisation has given its nod to the Centre’s proposal for a reduction in tax slabs and rates, even as some opposition-ruled state sought compensation for revenue losses. This is a shot in the arm
After the government unveiled a sweeping ban that could wipe out their businesses overnight, a shell-shocked online gaming industry has requested the government to reconsider and take a more calibrated stance on banning real money gaming (RMG). Some are also weighing the option of taking legal recourse. The Esports Players Welfare Association (EPWA) on Wednesday
