The revised new tax regime slab rates for the financial year 2025-26 have been announced and it has a special benefit for salaried-class individuals. For income up to Rs 12,00,000, there will be no income tax, while for salaried individuals it increases to Rs 12,75,000 due to a standard deduction of Rs 75,000. But what happens if their income is much higher, say Rs 16,00,000? This summary explains how the liability can be reduced to zero if they take advantage of deductions available in the new tax regime.
Thousands of Airtel network users in Delhi-NCR reported disruptions in their service on Monday, with complaints including call drops, loss of signal, and slow internet connectivity. The issue was also reported in Mumbai and Bengaluru. After numerous users took to social media to voice their concerns, Airtel addressed the problem on X, stating that it is actively working to resolve the issue.
Ford has debuted its latest model, the all-new Fiesta saloon, with both petrol and diesel engine options. With a scaled-down 1.5-litre petrol engine and an enlarged diesel motor, the Fiesta boasts impressive power and torque. It also offers competitive fuel efficiency and features first-in-class technology, making it an attractive and affordable option for car buyers.
Reliance Industries' latest AGM report has disclosed that Anant, Isha, and Akash Ambani, along with other key executives, received equal salaries for the financial year 2024-25. However, the company's Chairman and Managing Director, Mukesh Ambani, continued to take no salary for the fifth consecutive year. After a recent board meeting, Anant Ambani, the youngest son of Mukesh Ambani, was appointed as a full-time director and will now earn between ₹10-20 crore per annum. This decision has also been reflected in the salary figures provided in the report.
India's leading business mogul, Mukesh Ambani, has received his second major good news in just 15 days with the regulatory approval of his joint venture Jio BlackRock Investment Advisers. With this license, the firm is set to launch a digital-first product designed to meet the evolving needs of investors in India. Along with this announcement, Marc Pilgrem has been appointed as the Managing Director and CEO of Jio BlackRock. This joint venture is expected to democratize access to world-class advisory services and redefine the future of wealth creation in India.
As the business world shifts towards a focus on continuous feedback and employee growth, performance management software has become essential. This article outlines key steps for successfully implementing performance management software, including identifying needs and setting clear objectives, choosing the right software, planning for a smooth rollout, integrating it with existing HR systems, and communicating expectations and regularly gathering feedback. With the right approach, performance management software can greatly benefit your business and enhance your company culture.
The Minerals Council of South Africa has submitted proposed changes to a draft bill for the mining sector, expressing concern about the impact of additional regulation yet to be published. This comes after the government partially backtracked on minimum Black-ownership rules for exploration activities. As the deadline approaches, the council, which represents major mining companies, has provided detailed feedback to the Department of Mineral and Petroleum Resources. The country, a top exporter of mineral products, has been working to distribute the benefits of mining more widely among citizens since 2004.
Fortune India releases its special issue featuring India's top 100 billionaires, reflecting the nation's growing economy with a slight decrease in the number of dollar billionaires. With an increased entry threshold for the Top 100, this year's list showcases the resilience, ambition, and strategic foresight of India's wealthiest individuals, including Mukesh Ambani, Gautam Adani, and Sunil Mittal. Grab a copy of Fortune India's latest issue to read their compelling stories and explore the nation's wealth creators.
The Indian equity market started on a subdued note, with the Sensex and Nifty opening lower due to mixed global cues. However, in early trade, the Nifty saw a surge, with most stocks trading in the green. In the Sensex pack, Maruti, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra, and Trent were among the major gainers, while Larsen Toubro, HCL Tech, ITC, Sun Pharma, and Infosys traded in the red. Meanwhile, foreign institutional investors continued to sell, while domestic institutional investors remained buyers. On the global front, Asian markets traded with mixed results. Gift Nifty, an indicator for the Nifty 50, also opened positively.
Delhi-based Ivy Entertainment has taken legal action against People Media Factory Pvt Ltd, co-producers of the highly-anticipated film, The Raja Saab. The petition alleges that PMF failed to meet contract agreements and demands a refund of the Rs. 218 crores invested in the project, along with 18% interest. Ivy acquired worldwide rights to the film through two agreements with PMF, including guarantees for returns. The petition also names other parties involved with the film, seeking a restraining order against them.