News for 'tax'

Algo Trading Begins With Stronger Risk Rules

Algo Trading Begins With Stronger Risk Rules

Rediff.com18 Nov 2025

Algo trading should be segregated in a separate account with only risk capital deployed.

Parth firm will need to pay Rs 42 cr to scrap land deal

Parth firm will need to pay Rs 42 cr to scrap land deal

Rediff.com8 Nov 2025

After Maharashtra Deputy Chief Minister Ajit Pawar announced that the sale deed executed by his son Parth's firm for a prime land in Pune has been scrapped, officials said the company will have to cough up double the stamp duty, which comes to Rs 42 crore, to get the transaction cancelled.

Buoyant demand has failed to push steel prices

Buoyant demand has failed to push steel prices

Rediff.com21 Nov 2025

The Indian steel industry is faced with a paradox: Rising demand and falling prices. Demand continues to surge as user industries gather pace, with the World Steel Association projecting around 9 per cent annual growth for India over 2025 and 2026, the year domestic demand is projected to be almost 75 million tonnes (mt) higher than in 2020.

Local body polls soon? Maha cabinet takes 21 decisions in single day

Local body polls soon? Maha cabinet takes 21 decisions in single day

Rediff.com4 Nov 2025

A series of decisions were taken under the Public Health Department, including an approval to increase honoraria for field-level workers engaged under the Ayushman BharatPradhan Mantri Jan Arogya Yojana and Mahatma Jyotirao Phule Jan Arogya Yojana.

India's service sector growth falls to 5-month low in Oct

India's service sector growth falls to 5-month low in Oct

Rediff.com6 Nov 2025

India's services sector growth witnessed the slowest pace of expansion in five months in October, as competitive pressures and heavy rains in parts of the country led to a slower increase in output, according to a monthly survey released on Thursday.

US Senate moves toward deal to end longest govt shutdown

US Senate moves toward deal to end longest govt shutdown

Rediff.com10 Nov 2025

On the 40th day of the most extended government shutdown in US history, senators returned from recess Sunday for a rare weekend session, preparing to vote on whether to advance a House-passed spending bill aimed at reopening the government.

Fresh launches and upscale offerings to fuel M&M's growth

Fresh launches and upscale offerings to fuel M&M's growth

Rediff.com13 Nov 2025

Brokerages expect the company to continue outperforming in the auto segment, driven by launches and the strong trajectory of healthy bookings.

'Can't be blaming weather, you continue to execute'

'Can't be blaming weather, you continue to execute'

Rediff.com13 Nov 2025

'The DNA of Tata Consumer Products is all food and beverage.'

Time To Raise Health Insurance Cover

Time To Raise Health Insurance Cover

Rediff.com17 Nov 2025

'Buy early and review the sum insured regularly.'
'Combining individual or family policies with corporate cover, along with top-ups and wellness programmes, can help maintain strong health protection throughout life.'

'For FY26, We Expect Corporate Loan Book Upto Rs 4 Tn'

'For FY26, We Expect Corporate Loan Book Upto Rs 4 Tn'

Rediff.com15 Nov 2025

'We currently have new proposals worth Rs 1.48 trillion in the pipeline.'

Joint Property? Keep Funding Proof Ready

Joint Property? Keep Funding Proof Ready

Rediff.com30 Sep 2025

'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'

Adani Energy Q2 net profit dips 28% to Rs 557 cr

Adani Energy Q2 net profit dips 28% to Rs 557 cr

Rediff.com27 Oct 2025

Adani Energy Solutions on Monday posted a 28 per cent decline in consolidated net profit to Rs 557.10 crore for the September quarter, mainly due to one-time adjustment of deferred tax of Rs 314 crore in the year-ago period. Adani Energy Solutions Ltd (AESL) had reported a net profit of Rs 773 crore in the July-September quarter of the last fiscal.

FMCG cos indicate mid single-digit revenue growth in Q2

FMCG cos indicate mid single-digit revenue growth in Q2

Rediff.com16 Oct 2025

Fast-moving consumer goods (FMCG) companies are expected to report mid-single-digit revenue growth in the July-September 2025-26 quarter, according to their quarterly updates. Most companies also noted that supply chains were focused on liquidating existing stock ahead of the implementation of new goods and services tax (GST) rates in categories where the tax was lowered.

3 key factors that helped India's manufacturing sector grow in Oct

3 key factors that helped India's manufacturing sector grow in Oct

Rediff.com3 Nov 2025

India's manufacturing sector activity strengthened in October, buoyed by Goods and Services Tax relief, productivity gains and tech investment, even as international sales rose at a weaker pace, a monthly survey said on Monday.

Leverage moderating across Adani firms: BofA

Leverage moderating across Adani firms: BofA

Rediff.com12 Nov 2025

The Adani group, which operates across multiple infrastructure sectors, with 12 listed entities in India and a combined market capitalisation of about $200 billion, remains "anchored by strong assets and robust cash flows", according to a Bank of America (BofA) report.

What Are Narrow Sectoral Funds?

What Are Narrow Sectoral Funds?

Rediff.com13 Nov 2025

'First-time or conservative investors should avoid narrow sectoral funds.'

India among UBS' preferred bets amid positive EM outlook

India among UBS' preferred bets amid positive EM outlook

Rediff.com29 Oct 2025

UBS has turned bullish on emerging markets (EM), including India, as it finds benign macro trends, positive momentum in earnings revisions, and resilient EM currencies helping these economies sustain higher valuations and attracting flows. Among regions, it has upgraded Mainland China to 'attractive' and China Tech to 'most attractive', while downgrading Philippines to 'neutral'.

Jawahar Lal Nehru Stadium to be revamped as Sports City

Jawahar Lal Nehru Stadium to be revamped as Sports City

Rediff.com10 Nov 2025

The iconic Jawahar Lal Nehru Stadium in New Delhi will be "dismantled" to create a Sports City that will cater to all major disciplines and include lodging facility for athletes.

Vedanta net profit plunges 59% on exceptional losses

Vedanta net profit plunges 59% on exceptional losses

Rediff.com1 Nov 2025

Mining major Vedanta's consolidated net profit plunged 58.69 per cent year-on-year (Y-o-Y) to Rs 1,798 crore in the second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported a net exceptional gain of Rs 1,160 crore in Q2FY25.

Maruti Suzuki, Hyundai grip wheel in a turning market

Maruti Suzuki, Hyundai grip wheel in a turning market

Rediff.com10 Nov 2025

The operating performance of the country's largest passenger carmakers, Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL), in the July-September quarter (Q2) of 2025-26 (FY26) outpaced brokerage expectations.

Won't save anyone: Fadnavis on land deal linked to Pawar

Won't save anyone: Fadnavis on land deal linked to Pawar

Rediff.com8 Nov 2025

Maharashtra CM Devendra Fadnavis assures impartial action in the Pune land deal case involving a company linked to Deputy CM Ajit Pawar's son, Parth Pawar.

Jane Street Now Under CBDT Scanner

Jane Street Now Under CBDT Scanner

Rediff.com24 Sep 2025

The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.

Godrej Properties' profit up 21% to Rs 405 cr

Godrej Properties' profit up 21% to Rs 405 cr

Rediff.com7 Nov 2025

Real estate firm Godrej Properties' profit (attributable to the equity holders of the parent) for the second quarter of FY26 grew 21 per cent year-on-year (YoY) to Rs 405.1 crore, beating analysts' estimates. The Bloomberg analysts' poll had pegged the profit at around Rs 349.4 crore.

'India must learn from NZ spin collapse'

'India must learn from NZ spin collapse'

Rediff.com12 Nov 2025

Armed with a potent spin attack, taking on South Africa seems like competing against a "subcontinent team", Ten Doeschate said, admitting that they need to get better at negotiating the challenge posed by tweakers.

Apollo Hospitals Q2 net up 26%

Apollo Hospitals Q2 net up 26%

Rediff.com7 Nov 2025

Leading hospital chain Apollo Hospitals Enterprises Ltd (Ahel) has posted a consolidated net profit of Rs 477 crore during the second quarter this financial year, up 26 per cent from Rs 379 crore during the same period last financial year.

Check Margins To Choose Right Tax Regime

Check Margins To Choose Right Tax Regime

Rediff.com29 May 2025

Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.

Nykaa net profit more than triples to Rs 34 crore

Nykaa net profit more than triples to Rs 34 crore

Rediff.com8 Nov 2025

FSN E-Commerce Ventures Ltd, the parent company of beauty retailer Nykaa, recorded a 3.4x growth in net profit at ~34.43 crore in the second quarter of FY26, up from ~10.04 crore in the corresponding period last year.

RSS is a recognised organisation: Bhagwat slams critics

RSS is a recognised organisation: Bhagwat slams critics

Rediff.com9 Nov 2025

RSS chief Mohan Bhagwat defended the organization's recognition and addressed concerns about respecting the Indian tricolour, responding to criticism from Congress leaders.

Economists torn between rate cut and pause in next MPC

Economists torn between rate cut and pause in next MPC

Rediff.com31 Oct 2025

While participants in the domestic financial market are expecting a 25 basis-point policy repo rate cut in the December meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), economists remain torn between a reduction in rate cut and a pause.

'Not hatchbacks, not sedans, SUVs still king post-GST cut'

'Not hatchbacks, not sedans, SUVs still king post-GST cut'

Rediff.com12 Nov 2025

'In the January-August period, the share of hatchback in the overall PV industry sales was about 22.4 per cent. In the September-October period, the share of hatchbacks has come down to 20.4 per cent. In just October, their share was just 20 per cent. This is simple wholesale data from industry body SIAM.'

Will GST cut bring back hatchbacks to top of the line?

Will GST cut bring back hatchbacks to top of the line?

Rediff.com12 Nov 2025

Since the Indian government reduced GST on small cars on September 22, the small car segment's share in Maruti's overall sales has risen to more than 25 per cent, up from 16.6 per cent earlier in FY26.

EC directs crackdown on illicit cash, liquor, drugs in Bihar polls

EC directs crackdown on illicit cash, liquor, drugs in Bihar polls

Rediff.com17 Oct 2025

The Election Commission has directed enforcement agencies and security forces to take proactive measures during the Bihar elections to prevent the use of drugs, liquor, and cash to influence voters.

Wrong ITR Form Can Delay Tax Returns

Wrong ITR Form Can Delay Tax Returns

Rediff.com27 May 2025

The return filed could be treated as defective, invalid, or even be considered as not filed at all.

Why Is I-T Department Cracking Down On...

Why Is I-T Department Cracking Down On...

Rediff.com1 Oct 2025

Do not panic on receiving a notice. Verify if your work falls under professions notified in Section 44AA(1).

'New York Is Not For Sale', Zohran Mamdani Tells Trump

'New York Is Not For Sale', Zohran Mamdani Tells Trump

Rediff.com27 Oct 2025

On Sunday, October 26, 2025, New York mayoral hopeful Zohran Mamdani and two of his most prominent backers, United States Senator Bernie Sanders and US Congresswoman Alexandria Ocasio-Cortez, framed his election as a one-on-one battle versus President Donald Trump and his administration at a raucous rally at the Forest Hills stadium in New York City's Queens borough.

Hotel Industry Faces Crores in GST Demands

Hotel Industry Faces Crores in GST Demands

Rediff.com29 Sep 2025

'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'

Tax officer who arrested Kejriwal, Soren resigns

Tax officer who arrested Kejriwal, Soren resigns

Rediff.com19 Jul 2025

Kapil Raj, a former Enforcement Directorate (ED) officer who supervised the arrests of two chief ministers under the anti-money laundering law, has resigned from government service after serving for about 16 years, citing personal reasons.

Old Vs New Tax Regime: Make The Right Choice

Old Vs New Tax Regime: Make The Right Choice

Rediff.com28 May 2025

Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.

LIC Q2 net profit surges 32% to Rs 10,053 crore

LIC Q2 net profit surges 32% to Rs 10,053 crore

Rediff.com6 Nov 2025

State-owned insurer LIC on Thursday reported a 32 per cent jump in net profit to Rs 10,053 crore for the second quarter ended September 30, aided by a lower commission outgo. The country's biggest insurer had reported a net profit of Rs 7,621 crore in the year-ago period.

Nitish Kumar Has The Opportunity Of A Lifetime To Change Bihar

Nitish Kumar Has The Opportunity Of A Lifetime To Change Bihar

Rediff.com18 Nov 2025

If he cannot do it this term by using his bureaucracy and experts from different fields, it will be a tragedy, asserts Ramesh Menon.