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Bumble to lay off 30% of global workforce as online dating industry struggles

Bumble is set to reduce its workforce by nearly a third, impacting 240 roles, amidst industry-wide challenges in maintaining user engagement and economic uncertainties. This restructuring aims to revamp the platform, aligning with similar moves by competitors like Match. Despite…

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Panasonic pulls plug on washing machines, refrigerators in India

Panasonic Holdings is reducing its consumer electronics operations in India. The company is discontinuing refrigerators and washing machines. Production will cease at the Jhajjar, Haryana factory. Some job losses are expected, with support for affected employees. The company will now…

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PLI schemes attract Rs 1.76 lakh cr investment, create 12 lakh jobs: Govt

India’s PLI schemes show strong results. Investments reach Rs 1.76 lakh crore. Production exceeds Rs 16.5 lakh crore. Over 12 lakh jobs are created by March 2025. Incentives of Rs 21,534 crore are disbursed across sectors. Focus is now on…

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Adani Total Gas, Reliance’s Jio-bp partner to offer each other’s fuels in select outlets

Adani Total Gas Ltd. and Jio-bp have partnered to enhance the auto fuel retail experience in India. Select ATGL outlets will offer Jio-bp’s high-performance fuels, while Jio-bp outlets will integrate ATGL’s CNG dispensing units. This collaboration leverages the strengths of…

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Tata Play FY25 loss widens to Rs 529 cr; revenue slides to Rs 4,082 cr

Tata Play, formerly Tata Sky, faced a wider consolidated loss of Rs 529.43 crore in FY25, amidst stiff competition from other DTH operators. Revenue dipped by 5.15 per cent, even as the company reduced its advertising expenses and net debt.…

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Tata Steel acquires 179 crore shares in Singapore subsidiary T Steel Holdings for Rs 1,562.54 cr

Tata Steel Limited has acquired 179.10 crore equity shares in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd (TSHP), for approximately Rs 1,562.54 crore. This acquisition, with shares valued at USD 0.1005 each, is part of Tata Steel’s…

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ITR filing AY 2026-27: 5 key tax rules that intraday and F&O traders must know before filing returns
ITR filing for AY 2026-27 requires intraday and F&O traders to report business income correctly using ITR-3. Check the latest disclosure rules, business codes, turnover reporting requirements, tax audit thresholds, filing deadline and common mistakes to avoid for smooth tax compliance.
8th Pay Commission: Can salaries rise by over 60%? Here's how HRA, TA & DA proposals may boost pay for level 1 payments
The 8th Pay Commission could significantly increase central government salaries if proposals on fitment factor, HRA, TA and DA merger are accepted. While estimates suggest a 60% rise in some cases, the government is yet to take a final decision.
ITR filings move at a slow pace as deadline nears: Expert explains why an extension beyond 31 July is unlikely this year
With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.
Income-Tax Returns: What is authorised representative? Check full list of circumstances, services, eligibility here
Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.
ITR 2026: Senior citizens can claim ₹50,000 deduction even without health insurance —Here's how
The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to ₹50,000 for medical expenses, available only under the old tax regime.
Bought US startup shares using overseas savings? Here's how India will tax it
A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.
EPFO: Taxation rule on Voluntary Provident Fund — the ₹2.5 lakh VPF threshold, explained
VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over ₹2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.
₹17L tax refund denied after taxpayer missed ITR e-verification while caring for ill father: Here's what ITAT ruled
A Delhi taxpayer was denied a ₹17 lakh tax refund due to the late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favour.
Tamil Nadu: 25% salary hike for TASMAC liquor outlet employees to curb overcharging — See how pay increases
The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms — curb corruption and overcharging at these stores. Here's all we know…
HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI
HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.