India’s economy expected to be ‘little weaker’ in 2025, says IMF chief
Kristalina Georgieva, IMF managing director, predicts India’s economy will be slightly weaker in 2025 due to global uncertainties, including US trade policies. While the US performs better, the EU stalls, … Read More
Bank officer’s confederation threatens two-day nationwide strike
The All India Bank Officers’ Confederation (AIBOC) plans a two-day nationwide strike from 24 to 25 February 2025, demanding a five-day workweek, sufficient recruitment, and resolution of long-pending issues. AIBOC … Read More
NRAI to sue Zomato and Swiggy for attempting to monopolise the food delivery market
The National Restaurant Association of India (NRAI) plans to take legal action against food delivery companies Zomato and Swiggy, alleging unfair market advantages through private labelling and separate ventures like … Read More
Merc’s Rs 3 crore electric G-Glass sold out at launch
Mercedes-Benz launches one of India’s most-expensive electric cars, the G-Class G580 EV priced at Rs 3 crore. All 85 allocated units are sold out. The company leads in luxury car … Read More
Why HSBC has downgraded India to ‘neutral’ from ‘overweight’ – check Sensex target for 2025
HSBC has downgraded India’s outlook to ‘Neutral’ from ‘overweight’, setting a target of Rs 85,990 for 2025 for BSE Sensex. The firm cites lower corporate profits and high valuations as … Read More
Budget 2025 income tax: Hike basic exemption limit to Rs 5 lakh and reduce tax rates, says EY
Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman is urged by EY to raise the basic income tax exemption limit from Rs 3 lakh to Rs 5 lakh and … Read More
Run-up to Budget 2025: Need for some deduction-related relief in new regime
India’s Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, lower tax rates with fewer benefits. Experts emphasize allowing deductions for … Read More
Income Tax Return Filing: Which salaried employees need to submit investment proofs to cut tax outgo?
Salaried employees opting for the old tax regime for FY 2024-25 must submit investment proofs to claim exemptions and deductions. The new tax regime requires no such documentation, allowing only … Read More
‘How long can you stare at your wife?’: L&T Chairman advocates 90-hour work week months after Narayana Murthy’s 70 hour pitch
L&T Chairman SN Subrahmanyan advocates for a 90-hour work week and working on Sundays, expressing that excessive work hours are key to global competitiveness. His remarks, citing China’s intensive work … Read More