For Dharmil Mehta, a 31-year-old actuary based in Mumbai, preparing independently still called for some expenses. Mehta spent ₹10,000 on registration, ₹15,000 on specialized nutrition like gels, electrolytes and protein, ₹7,000 on training guidance, ₹25,000 on footwear and equipment and ₹5,000 on massages, viewing the expenses as an essential health investment.
Last month, the Labour Ministry issued two notifications on bonus eligibility and calculation. Employees earning up to ₹21,000 per month may qualify for bonuses, subject to conditions. For employees earning above this limit, bonus payments are not mandatory under these statutory provisions. The Code on Wages, 2019, explains eligibility, payment deadlines and remedies for unpaid…
Oil prices fell in early trade on Thursday, extending the previous day’s losses, as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $104.59 a barrel by 0049 GMT, while U.S. West Texas Intermediate futures were down…
The Moneyview IPO ended its three-day bidding process with a stellar investor response, getting subscribed nearly 100 times. Investors placed bids for 2,290 crore shares against 23.25 crore shares on offer. The IPO’s grey-market premium (GMP) climbed to 38%, up from around 32% earlier, over the upper price band of Rs 34. If the current…
Mumbai: Carnelian Capital is entering the private equity business with plans to launch a ₹1,500-2,000 crore fund, betting that a shortage of growth capital for mid-sized Indian companies has created an attractive investment opportunity that larger buyout firms are increasingly overlooking. The investment manager, which oversees about ₹18,300 crore across portfolio management services and alternative…
Shares of Jubilant Pharmova dropped nearly 6% to the day’s low of Rs 908 on BSE after the company reported a decline of 45% year-on-year (YoY) in consolidated profit to Rs 56 crore in the first quarter ended June. According to a filing with the exchange, the reported profit decreased YoY due to lower operating…
As the ITR filing deadline of 31 August for AY 2026-27 approaches for individuals with business or professional income whose accounts are not subject to audit, GST-registered taxpayers need to ensure they choose the correct ITR form. They should also accurately report their turnover and income and reconcile the figures with their GST records before…