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The Income Tax Department has issued a reminder to taxpayers: link your PAN with Aadhaar by May 31, 2024, in order to avoid tax deductions at a higher rate. Let’s dive into the details: Why Link PAN with Aadhaar? As per income tax rules, if your PAN is not linked with biometric Aadhaar, TDS (Tax Deducted at Source) is required to be deducted at double the…
In a recent development, the Indian government has taken decisive action against two prominent spice-exporting companies: Everest and MDH. The issue at hand revolves around elevated levels of ethylene oxide, a cancer-causing chemical, found in their products exported to Singapore and Hong Kong The Contamination Crisis 1. The Unsettling Discovery Certain batches of Everest and MDH products were flagged for violating rules related to ethylene oxide residue. This…
In the dynamic landscape of corporate performance, Apollo Pipes Limited recently released its Q4 FY24 results, revealing both triumphs and challenges. Let’s delve into the financial journey of this company and understand the implications of its recent performance. Snapshot of Q4 FY24 Results Net Profit Decline: Apollo Pipes witnessed a 56.62% decline in net profit, with the figure dropping to ₹6.52 crore for the quarter ending in March…
In a strategic move that has caught the attention of the Indian business landscape, Flipkart, the homegrown e-commerce giant, has appointed Anuj Rathi as the new Chief Executive Officer (CEO) of Cleartrip, the popular travel platform. This development marks Rathi’s second innings at Flipkart, where he previously worked as a Product Manager between 2010 and 2012. Let’s delve into the fascinating journey of Anuj Rathi and…
Gopi Thotakura, an Indian expatriate entrepreneur and aviator, has etched his name in history as the first Indian space tourist. His remarkable journey took place as part of Blue Origin’s NS-25 mission, a significant milestone in India’s space exploration narrative. Who is Gopi Thotakura? Background: Gopichand Thotakura, known as Gopi Thotakura, is an accomplished entrepreneur and aviator. His passion for flying began early,…
The International Monetary Fund (IMF) has raised concerns about the financial stability of the Maldives, warning of a high risk of debt distress. This alert comes amidst the nation’s escalating fiscal deficits and burgeoning public debt. The Current Economic Landscape The Maldives, known for its picturesque islands and as a luxury tourist destination, has faced economic challenges exacerbated by the…