Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the…
Market sentiment is expected to focus on current earnings reports and the forthcoming union budget. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 76,700, Nifty50 was near 23,200. At 9:16 AM, BSE Sensex was trading at 76,753.68, up 254 points…
NEW DELHI: The Reserve Bank has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday. The key monetary policy department under Michael Debabrata Patra has gone to senior most Deputy Governor M Rajeshwar Rao, the RBI said in a statement. The government, last year, extended…
BENGALURU: Ingram Micro Holding has elevated Sanjib Sahoo to President of Ingram Micro’s Global Platform Group. Sahoo will continue with the development of its digital twin, Xvantage, a patent-pending B2B technology platform used by channel partners to connect and collaborate, and learn about technology products and services.Previously, Sahoo served as the company’s executive vice president,…
NEW DELHI: With transformative reforms of the past decade propelling India to global stage, it is India’s moment in history, ITC Chairman Sanjiv Puri said, exuding confidence that the country will become a developed nation by 2047 on the back of strong macro fundamentals and purposeful policy interventions. India has risen from being the 10th…
NEW DELHI: EET Fuels, the trading name of Essar Oil (UK, has secured fresh round of funding of $350 million through a combination of a new bank financing and upsizing of existing trade credit, the company said on Tuesday. The new facilities secured consists of a $150 million facility with African Export-Import Bank (Afreximbank), the…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) has issued a “warning letter” to Akasa over lapses in carriage of dangerous goods. During the annual surveillance inspection of Akasa at Ahmedabad on Dec 12, 2024, the regulator found “significant non-compliances”. According to the warning letter, these include: “Electronic devices containing lithium batteries were being…
BENGALURU: Diageo India has appointed Praveen Someshwar as CEO on Monday. He succeeds Hina Nagarajan, who served as MDand CEO for four years. Nagarajan will join Diageo’s global executive committee.Someshwar will join on March 1. He was previously MD and CEO of HT Media. Earlier, he spent 24 years with PepsiCo. Source link
NEW DELHI: The net direct tax collection grew 15.88 per cent to about Rs 16.90 lakh crore so far this fiscal, according to government data released on Monday. As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs…
