House rent allowance (HRA) is a part of the salary that the employer provides to his employees to cover the rent expenses. It can be helpful in saving tax for those who live on rent. If you are looking for ways to save tax through HRA deduction, understand the important aspects of HRA and know
The Elan Group has secured an investment of Rs 1,200 crore from Kotak Real Estate Fund. The investment will be utilized as growth capital, enabling the Elan Group to further strengthen its presence in Gurugram’s prime real estate market. This investment marks a notable financial boost for the Gurugram-headquartered developer as it continues to expand
Physical gold or gold ETF? Which is better in terms of return on investments? Before comparing the returns given by both these investment instruments, it’s important to understand their fundamental differences. Physical gold refers to gold that is purchased in the form of coins, bars or jewelry. Physical gold is owned directly by an individual
97% of Indians are planning to travel this festive and holiday season, with 33% having already booked their travel, according to the Amex Trendex India findings released by American Express today. Leisure tops the list of travel motivations (63%), followed by the desire to explore new places (54%) and reconnect with family and friends (27%).
A new Single Pension Application Form 6-A has been introduced for retiring employees to submit their pension claims, effective from November 16, 2024. This form will be available for online submission through the Bhavishya and e-HRMS platforms starting October 15, 2024. Retiring central government employees are now required to fill out the new Form 6-A
NPS Calculator: The National Pension System (NPS) has gained recognition as a prominent retirement planning instrument for employees in both the public and private sectors across the nation. It is specifically designed to promote long-term savings for retirement, offering an effective means to accumulate a pension corpus. For individuals seeking to secure a pension through
The Goods and Services Tax (GST) Council is expected to consider a proposal to remove GST (goods and services tax) on premiums for term life and health insurance. The proposal, if approved, will offer a significant relief to policyholders and support the insurance sector by lowering costs. The Group of Ministers (GoM) on GST recently
Emaar India — the Indian business entity of the Dubai-based realty major Emaar, famous for developing Burj Khalifa — is now entering the Mumbai market with an offering in Alibag. It will soon be launching its first ultra-luxury villa project — The Casa Venero — in Alibag, Maharashtra. The company has set up their sales
Amid a global supply glut, difficult weather and falling demand worldwide, which has hit a 27-year low (as per a World Spirits Alliance report), Indian wines continue to show signs of resilience and adaptability, with insiders anticipating the market to grow by as much as 10-15% in the next 3-5 years. At the forefront of
Berkshire Hathaway chairman and CEO Warren E Buffett, in a letter to shareholders, said that the company has paid more in corporate income tax than the US government had ever received from any company or even the American tech titans that commanded market values in the trillions. Warren Buffett highlighted that the company paid $26.8
In his letter to the shareholders of Berkshire Hathaway, Warren Buffett listed the key contributors to Berkshire’s performance in 2024. This was largely due to the improvement in Treasury Bill yields, increase in earnings of insurance companies, higher share of equity investments, bargain buys in equity markets and investment in fundamentally good businesses. “Berkshire will
In a surprising move, Warren Buffett, Chairman and CEO of Berkshire Hathaway, announced a shift in the company’s longstanding facial hair and grooming policy in a statement released over the weekend. Following conversations with numerous shareholders—both former and current—Buffett revealed that the company would now allow shareholders to maintain well-groomed beards, a change that marks
One of the most interesting aspects of Warren Buffett’s letter to the Berkshire Hathaway shareholders is the stance on their investment in Japan. Berkshire will continue increasing its investments in Japan. As Buffett writes, “A small but important exception to our U.S.-based focus is our growing investment in Japan.” Outlining their long-term commitment in these