Banking And Finance
Can the tax department deny TDS credit if your employer defaults? ITAT answers
For most salaried employees, the deduction of tax at source (TDS) from their monthly salary marks the end of their tax obligation on that income. But what happens if an…
PFRDA launches Pension Sahayak portal: File NPS grievances via mobile number, OTP in 22 languages
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the ‘Pension Sahayak’ portal. This is an artificial intelligence (AI) powered portal. It serves as a grievance redressal forum, aimed…
NPS update: PFRDA allows govt entities to use PoP services for ₹500 annually
Government-owned companies and other entities classified as “Government Entities” under the can continue using Point of Presence (PoP) service providers by paying a flat annual charge of ₹500 per subscriber,…
From HRA to NPS: 6 reasons old tax regime still helps you save more tax
The new tax regime has been gaining popularity thanks to its simpler tax slabs and lower rates. For many taxpayers, it appears to be the easier option. But does simpler…
Market
Ruchit Jain of Motilal Oswal suggests AXIS Bank, Genus Power shares to buy for the short term
Stock market today: Indian equity benchmarks traded sharply higher in noon deals on Wednesday, buoyed by easing crude oil prices, encouraging remarks from the RBI Governor on the interest rate…
Crude oil prices drop near four-month low as Strait of Hormuz flows normalize; Can oil sink below $50 a barrel?
Crude oil prices extended their decline on Wednesday, hovering near four-month lows, as oil shipments through the Strait of Hormuz — a crucial route for global energy trade — normalized…
Bajaj Auto buyback record date today; shares decline 3% intraday. Details here
Bajaj Auto share price fell as much as 2.88% on NSE in Wednesday’s trading session on the share buyback record date. The fall in the share price also came after…
Waterways Leisure Tourism IPO Day 2: GMP, subscription status, price band, review, other key details. Apply or not?
Waterways Leisure Tourism IPO: The initial public offering (IPO) of ocean cruise operator Waterways Leisure Tourism Ltd has entered its second day of bidding process today, and has been receiving…
Market
MUFG consolidates Ganesha Fund with Dragon, eyes $600 million second fund
MUMBAI: Mitsubishi UFJ Financial Group and its subsidiary MUFG Bank will integrate the operating functions of the Ganesha Fund, an entity that invests in startups in India, with Dragon Funds…
Indigo Paints presses the accelerator, puts growth ahead of margins
Indigo Paints is looking to shed its conservative approach and prioritise growth over profitability, marking a significant shift for a company known for protecting its industry-leading margins. The paintmaker is…
Infosys sees $300-400 bn AI services opportunity by 2030: Nilekani
Artificial Intelligence will not replace IT services companies but will instead create a $300-400 billion AI-first services market by 2030, according to Infosys Chairman Nandan Nilekani. Addressing shareholder concerns over the impact of AI…
JAMCO Interiors plans $150-million investment in India, to expand engineering and supply chain operations in India
JAMCO Interiors plans to invest $150 million over the next three-four years in India. The company is set to open a new engineering facility in Bengaluru’s Bannerghatta, while expanding its…
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