India Financial News

Tata Projects has picked up over 120,000 sq ft office space in Mumbai's Powai suburb through a long-term lease to set up its headquarters that can accommodate around 1,000 employees, said people with direct knowledge of the development. The company has leased the space in commercial tower Cignus Powai, which is a project of K Raheja Corp's hospitality business Chalet Hotels, for five years. The Tata Sons subsidiary will be paying rentals of nearly '86 crore through the tenure of the lease. «While the company has leased office space spread across two floors under this deal, it may consider picking up one more floor for further growth and expansion. As per the agreement, the lease has a lock-in period of three years and standard clause of rental escalation,» said one of the persons cited above.

recruitment efforts, especially for mid-level and senior talent, propelled by the government's push on tourism and a significant boost in the interim budget presented last month. Recruitment firms told ET they are seeing a 30-50% rise in mandates from travel companies, looking to tap continued rise in consumer spending on tourism post the revenge travel boom. Companies are scouting for talent in not just product, engineering, revenue, and supply chain, but also those with specialised skills in AI and automation. Hospitality and consumer tech companies are emerging as hunting grounds for such talent, which can command compensation packages ranging from ₹70-80 lakhs, reaching up to ₹1-2 crore for CXO appointments. The travel market in India, estimated at $75 billion in FY20, is projected to reach $125 billion by FY27, according to data from industry body FICCI.

WTO) that they have reached a mutually agreed solution on the outstanding dispute on poultry imports from Washington, thereby resolving all of their seven disputes at the global trade watchdog. In 2015, India lost a long-pending dispute over poultry imports from the US at the WTO. India had prohibited the import of various agricultural products from the US because of concerns related to Avian Influenza.

suicide on Thursday in South Kolkata's Netaji Nagar over the alleged fear of the Citizenship Amendment Act (CAA), his family members claimed. Debasis Sengupta, a 31-year-old resident of Netaji Nagar, allegedly died by suicide and was brought dead at the Sonarpur Rural Hospital. He was found hanging at his uncle's residence. The family members claimed Debasish was too panic stricken over the CAA. «His grandfather had come from Bangladesh and Debasish was born here. But the deceased was always scared fearing he would be sent back to Bangladesh,» his aunt Sobha Roy said.

Indian Premier league (IPL) 2024 will be played this year from March 22 when Chennai Super Kings play the Faf Du Plessis-led Royal Challengers Bengaluru at the iconic MA Chidambaram Stadium, Chennai. This is one of the biggest sports leagues in the world, coming in sixth overall in terms of viewership, according to a report. Cricket is keenly followed by countries across the world, mostly in Commonwealth countries. IPL is typically followed in many regions including Canada.

NSCN-IM President Q.Tuccu said that our flag tells everything about our nation, our identity that nobody can take it away. It is this flag that brings us all together as a nation. Tuccu while speaking at the 45th Republic Day celebration in the NSCN-IM’s headquarter in Hebron said, “ Our flag tells everything about our nation, our identity that nobody can take it away.

Rationing and containment of water until sources fill up are temporary measures. Given how water and climate issues are linked, we need to plan strategically and well into the future — not just how to augment supply of fresh water but also how to use it wisely and sparingly. Decades back, agriculture was termed a 'gamble on the monsoon'. Earlier, with surface water being tapped through canal irrigation systems, parts of India were somewhat insulated from this. However, groundwater, which was supposed to be a reserve for challenging times, became a primary resource.

IPL starting today, the tournament has come a long way as a multinational sporting franchise despite its tender age of 16 years. The T20 league has managed to draw the biggest names in cricket and has raised the level of the game. This, in turn, has helped cricket grow deeper roots in a country obsessed with the sport, and made a difference to lesser franchises such as the Women's League, which concluded its second edition with much success last week.

Cryptocurrency exchange OKX has emailed its users in India to inform them that it will discontinue its services there, urging them to withdraw their funds by the end of April.

Akasa Air doesn’t see any curtailment of flights due to the new pilot rest rules even though it has planned an exponential growth and international foray this summer, CEO Vinay Dube. Dube is a co-founder of the airline which started in 2022 and is backed by the family of late stock market investor Rakesh Jhunjhunwala. “We should rather applaud the regulator for their continuous focus on safety rather than talking if there will be two or three pilots short. We have 24 aircraft and around 700 pilots now which is plenty not just for the current fleet but also for the aircraft that will be delivered later. We will maintain a reliable schedule and there will be no flight cancellations,” Dube said.

The Employees’ Provident Fund (EPF) stands as an excellent avenue for retirement savings in India. It promotes consistent savings by involving contributions from both employees and employers. The automatic deduction from your salary for EPF renders it an exceedingly convenient method for retirement savings. Below is an outline of the contribution framework:

Digital banking has brought a paradigm shift to the way we carry out financial transactions. The collateral damage, however, is the spate of frauds that accompany it. To minimise these frauds, the banking regulator has taken a number of steps so that banking remains safe and secure.

For decades, the real estate sector in India has been predominantly male-dominated, with men typically assuming the role of primary decision-makers in property transactions. Societal norms and cultural expectations often relegated women to secondary positions in matters related to home buying, reinforcing traditional gender roles and limiting their agency in real estate matters.

The Indian HNIs are getting drawn towards branded residences. Lured by their aspiration to own a premium asset and access to superlative services, Indian HNIs are showing newfound interest in branded residences. As per the latest research by SKYE, a hospitality development and consultancy company, India has around 2300 branded residences, a modest share in a global supply that amounts to 26,000 units. However, the segment will soon change gears, as demand is picking up quickly.

Indian airlines are gearing up for an increased flight frequency as they prepare to operate 24,275 weekly domestic flights during the upcoming summer schedule, starting from March 31. This marks a nearly 6 percent surge compared to the corresponding period last year.

With a demographic shift, rising disposable incomes, and a government actively pushing financial inclusion, the Indian insurance sector stands on the cusp of another promising year in 2024. Life, health and motor will witness more growth with evolving consumer needs. Statistics reveal a burgeoning middle class, which with its increasing purchasing power, is expected to comprise 47% of the population by 2030. Rising income will invariably lead to more awareness and affordability towards insurance in the times to come.

Fixderma, a dermaceutical brand, has announced its partnership with Delhi Capitals as associate sponsor for the upcoming season of the Indian Premier League (IPL), commencing March 22, 2024.

Question: What is an updated return of income? When shall a taxpayer be eligible to furnish the same?

Investors’ wealth jumped Rs 5.72 lakh crore on Thursday as markets soared nearly 1 per cent in tandem with a rally in global equities after the US Fed projected three rate cuts this year. The 30-share BSE Sensex jumped 539.50 points or 0.75 per cent to settle at 72,641.19. During the day, it zoomed 780.77 points or 1.08 per cent to 72,882.46. The market capitalisation of BSE-listed firms went up by Rs 5,72,752.79 crore to Rs 3,79,85,669.12 crore (USD 4.57 trillion).

Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6% in premarket trading. Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%.

Shyam Metalics & Energy announced its ambitious foray into a greenfield expansion project focused on aluminium flat-rolled products. The Group intends to invest Rs 450 crore in the project. The investment is aimed at capacity expansion of the group while also generate the employment of 1000 direct and in-direct jobs. It will also increase manufacturing of Aluminium flat rolled products to bridge the demand & supply gap making Shyam Metalics group self reliant for the raw materials of aluminium foil business. The plant is to be setup in Odisha. With an annual capacity of 60,000 metric tons per year (KTPA) of flat-rolled products, this expansion marks a significant stride towards sustainable manufacturing and supporting the ever-increasing electric vehicle (EV) sector in India.