The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The Supreme Court of India has ordered the burial of a pastor whose body has been lying in a mortuary since January 7th, after a dispute arose regarding the location of his burial. The court issued a split verdict, with one judge ruling for burial on the family's private land and the other for a designated place away from the village. The decision was made due to the prolonged delay in the burial and the potential for unrest. The court ordered the state government to provide security to prevent any further incidents.
The Delhi High Court has reserved its order on a plea by jailed MP Rashid Engineer, facing trial in a terror funding case, seeking custody parole to attend the ongoing Parliament session. Engineer, a Baramulla MP, was opposed by the National Investigation Agency (NIA) who argued that he has no vested right to attend Parliament and there were security concerns. The court said though there might not be a vested right to attend the session, it could exercise its discretion. The NIA also argued that Rashid misused the telephone facility in Tihar jail and that allowing him to attend the session would be a security risk.
Sexual intercourse, including unnatural act, by a man with his adult wife, even without her consent, can not be treated as an offence, the Chhattisgarh high court held while acquitting a Jagdalpur resident who was convicted of rape and other charges.
The blast killed the officer and injured a soldier who was evacuated to hospital.
rediffGURU T S Khurana answers readers' personal income tax queries.
The injured persons were rushed to a private hospital, the officer said, adding that the blast site has been cordoned off.
Punit Goenka, the former director of Zee Entertainment Enterprises, is not the only one who lost his board seat due to shareholders' activism last fortnight. In recent past, institutional shareholders of several companies, including Nestle and Wipro, have pushed back against board proposals by taking an aggressive stance while voting.
The JeM terrorists also carried 'armoured piercing steel core ammunition' which can go through Level 3 protection bulletproof vehicles that police and other security forces use, they said. The ammunition was in large quantity and could have posed a grave threat, top police officials said.
Chandigarh Commission for Protection of Child Rights (CCPCR) has advised singer-actor Diljit Dosanjh, set to perform in Chandigarh on Saturday, to refrain from singing alcohol-themed songs during his live show, citing their adverse impact on children of impressionable age.
It said two of the key accused were Islamic State of Iraq and Syria radicals, who used fraudulently obtained "Indian SIM cards and Indian bank accounts" besides "various Indian and Bangladeshi Identity documents downloaded from the dark web (which is accessible only through specialised browsers) in carrying out their nefarious activities.
The Central Reserve Police Force recovered an Improvised Explosive Device, weighing around four to five kilogram, on the HMT-Narbal Route near Beacon Huts in Lawapora Area in the outskirts of Srinagar on Saturday morning.
The Maoist blast took place around 3 pm near Timmapuram village between Silger and Tekalgudem camps of security forces, over 400 km from the state capital Raipur.
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP respectively, points out Abhishek Upadhyay.
The army on Tuesday averted a major tragedy by detecting and defusing a powerful pre-planted Improvised Explosive Device on the strategic Srinagar-Muzaffarabad highway near Parimpora in Srinagar.
Goa assembly speaker Ramesh Tawadkar on Friday dismissed the disqualification petition filed by the Congress against eight of its MLAs who defected to the ruling Bharatiya Janata Party in 2022.
The IED blast damaged the front portion of the bus, which was carrying a squad of at least 30 jawans.
With just four trading sessions to go for the ITC-ITC Hotels demerger record date shares of ITC continue to consolidate in a thin range of Rs 460 - Rs 480 in an otherwise volatile equity market. On Tuesday thus far despite a near 1 per cent fall in the Sensex and Nifty; ITC traded on a flat note. ITC had set the demerger ratio at 1:10 - meaning 1 share of ITC Hotels for every 10 shares of ITC as of the record date January 6, 2025.
The suspension means that Bajrang Punia will not be able to return to competitive wrestling and apply for a coaching job abroad
The early morning crackdown against the terror group in Ballari and Bengaluru in Karnataka, Amaravati, Mumbai and Pune in Maharashtra, Jamshedpur and Bokaro in Jharkhand and Delhi, led to the foiling of a plan by the accused to carry out terror acts, especially improvised explosive device blasts.
The PM appealed to people to come out in large numbers to exercise their franchise.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Yashasvi Jaiswal's intense and innovative pre-tour training against short-pitched balls at the Thane Stadium contributed to his unbeaten 90 in Perth
India's services sector activity fell to a 10-month low in September as new businesses, international sales and output growth moderated, a monthly survey said on Friday. The seasonally adjusted HSBC India Services Business Activity Index fell from 60.9 in August to 57.7 in September, indicating that though the output registered an increase, the pace of growth was the slowest since November 2023. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The two jawans received splinter injuries in the blast and later succumbed.
The NIA had arrested Mussavir Hussain Shazib and Adbul Matheen Ahmed Taahaa from Kolkata for their alleged role in March 1 blast at Rameshwaram Cafe here, which left 10 people injured.
This is the fourth IED blast triggered by Naxals in Chhattisgarh in the last 15 days.
The policemen were patrolling the area in view of a separatist-sponsored strike.
The police also mentioned that the accused had done recce of Baba Siddiqui's house and office premises and were in Mumbai for one and a half to two months and were keeping an eye on him.
Bangladesh defeated Pakistan 2-0 in their first win over the latter in a Test series but Rohit did not read too much into it. The Mumbaikar was also not worried about pacer Rana
Waiz-ul-Islam, 19, of Srinagar's Bagh-e-Mehtab locality and Mohammad Abbass Rather, 32, of Hakripora village in Pulwama district were arrested by the NIA, the official said.
The golden rule is to change your toothbrush when it starts to 'flower', says rediffGURU Shyam Jamalabad.
Indian English is the only language that uses the expression 'non-veg' for meat, fish, and those who consume them. A fascinating extract from Shashi Tharoor's A Wonderland of Words: Around the Word in 101 Essays.
Whether nominal or real, India's investment rate needs to increase by 3 to 4 percentage points of GDP to support 8 per cent real growth, recommends Nikhil Gupta.
A blast took place outside the Israeli Embassy in the heart of Lutyens' Delhi on Friday evening, a fire service official said.
Bilbao condemn fans behaviour in Europa League match at Roma
The anti-terror operation was part of Indian security forces' counter-offensive Operation Asan, launched after terrorists attacked an Army convoy in the Battal area on October 28.
The army cordoned off the area and fired in air to maintain area domination, an official said, adding reinforcements have been rushed.
