House Bill Takes Aim at Tax Break for Sports Owners
The legislation cuts in half a tax write-off potentially worth hundreds of millions to some professional sports team owners. Source link
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Reliance Infra turns profitable; posts Rs 4,387 crore PAT in Q4
Reliance Infrastructure Ltd (RInfra) on Monday reported a net profit of Rs 4,387 crore for the March quarter, primarily driven by a reduction in expenses. In comparison, the company had posted a net loss of Rs 220.58 crore in the January-March period of 2023-24, according to an exchange filing.The company’s total income for the quarter…
House Bill Takes Aim at Tax Break for Sports Owners
The legislation cuts in half a tax write-off potentially worth hundreds of millions to some professional sports team owners. Source link
Gold rate today: Gold rises by Rs 550 to Rs 99,300; silver rallies by Rs 1,170
Gold rate today: Gold prices surged by Rs 550 to Rs 99,300 per 10 grams in the national capital on Monday, driven by persistent buying from jewellers and retailers, according to the All India Sarafa Association. The precious metal, with 99.9 per cent purity, had closed at Rs 98,750 per 10 grams on Friday. Since…
Sebi fines MCX Rs 25 lakh over lapses in disclosing payments
NEW DELHI: The Securities and Exchange Board of India (SEBI) on Monday imposed a Rs 25 lakh penalty on the Multi Commodity Exchange of India (MCX) for failing to adequately disclose substantial payments made to 63 Moons Technologies (formerly known as Financial Technologies India Ltd).The penalty, which must be paid within 45 days, stems from…
Drools turns unicorn after Nestle picks up minority stake
MUMBAI: Swiss consumer goods giant Nestle S.A has picked up a minority stake in Indian pet food startup Drools. The Bengaluru-based company did not disclose the specifics of the deal but said that it has been valued at $1 billion post the investment, joining the ranks of unicorn startups. “This is a financial investment by…
Rakesh Gangwal, family trust likely to offload 3.4% stake in IndiGo for Rs 6,831 crore amid ongoing divestment
InterGlobe Aviation promoter Rakesh Gangwal and his family trust are expected to offload up to 3.4 per cent of their stake in IndiGo, valued at approximately Rs 6,831 crore, on Tuesday, according to sources. Gangwal, the co-founder of the airline, has been gradually reducing his holdings following a public fallout with co-founder Rahul Bhatia.In addition…
Four Former VW Managers Found Guilty in Emissions Trial
The men were accused of conspiring to conceal excess diesel emissions from regulators, helping to provoke a costly scandal. Source link
ITR filing FY 2024-25: What’s new this year? Top things every taxpayer should know before income tax return filing
ITR filing FY 2024-25: Even if you don’t have taxable income, you may still be required to file a return under certain conditions. (AI image) By Kuldip KumarThe Government recently notified the income tax return (ITR) forms for the financial year 2024–25. While there aren’t many changes, most of them are aimed to facilitate the…
Tata Motors’ EV arm turns Ebitda positive despite dip in sales and market share
Tata Motors’ electric vehicle (EV) business achieved a positive operating margin before depreciation and amortisation (Ebitda) in the fiscal year 2024-25, placing it among a small group of EV manufacturers globally to reach this milestone, the company said in its latest annual report.The turnaround in margins came even as EV sales dipped and its market…