Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net
These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment. The income tax (I-T) department has begun reopening hundreds of old
India’s second largest IT company Infosys’ board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh. Photograph: ANI Photo These stock incentives are under various
India’s forex reserves increased by $1.57 billion to $677.83 billion for the week ended April 11, the Reserve Bank said on Friday. Illustration: Dado Ruvic/Reuters This is the sixth consecutive week of a rise in the kitty. The overall reserves
State-owned Life Insurance Corporation of India (LIC) on Thursday (April 18) said the central government has appointed Dr Parshant Kumar Goyal, Joint Secretary at the Department of Financial Services, as the Government Nominee Director on the board, effective immediately. The
Reliance Industries Q4 Result: Billionaire industrialist Mukesh Ambani-led Reliance Industries announced on Friday, April 18, that it will declare its January-March quarter results for fiscal 2024-25 (Q4FY25) on April 25. Reliance Industries Q3 Results Reliance Industries Ltd (RIL), the billionaire
Trump’s tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh’s politically vital aquaculture sector. Kindly note the images in this report have only been published for representational purposes. Photograph: Kind courtesy medoa7164/Pixabay Since
Indian equity benchmarks rose nearly 2 per cent on Thursday, capping a truncated trading week with their strongest weekly performance in over four years. The rally was sparked by renewed risk-on sentiment following progress in trade negotiations and expanded tariff
Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in the national capital on Thursday amid firm global demand, according to the All India Sarafa Association. Photograph:Heinz-Peter Bader/Reuters On Wednesday, the
An Indian official team is likely to visit Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA), an official said. Photograph: Mike Blake/Reuters The visit, which comes
