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Explainer: How ICAI’s new LLP aggregation guidelines can reshape CA firm collaborations

Recently, the ICAI issued the Aggregation of LLPs Guidelines, 2024, effective from January 23, 2025. These guidelines provide a framework for an LLP, Indian CA firm to partner with another LLP, fostering collaboration and strengthening operational capacity. How will these…

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OpenAI’s Altman meets with India IT minister to discuss country’s AI plans

Altman’s India visit, his first since 2023, comes at a time when the company faces legal challenges in the country, its second-largest market by number of users.

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Consumer electronics manufacturers expand horizons, leverage govt incentives

Consumer electronics manufacturers are entering the automotive component sector, spurred by government incentives. Companies like Dixon, Amber, and Epack Durables are tapping into products such as automotive displays and PCBAs, while auto component makers are investing in LED light parts…

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Budget to boost consumption sectors, DeekSeek AI an opportunity for Indian IT firms

The Union Budget will boost consumption sector and long-term policies are favourable for urban housing, insurance and defence-related industries, according to a new report.

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PepsiCo reports mixed global performance, strong growth in India

PepsiCo’s fiscal year ended December 28, 2024, showing mixed regional results. India achieved double-digit growth in food and beverages, boosting the AMESA region despite declines in Nigeria, Pakistan, and the Middle East. The company also saw strong market share gains…

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Legal shift in areas of AI, cybersecurity, and insolvency shake-up will reshape India Inc in 2025

India’s corporate landscape will see significant legal and regulatory changes by 2025, driven by new privacy and AI laws. Companies must prioritize strategic risk management and board adaptability to balance immediate and long-term objectives. Family businesses and distressed asset acquisitions…

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  • 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 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 favor.

  • 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.

  • 8th pay commission: HRA revision, minimum monthly transport allowance, salary increase — Check top demands by AINPSEF

    8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.

  • Top 5 business cycle mutual funds compared: AUM, returns and portfolio strategy

    Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of ₹15,798 crore and has delivered an 18.77% return over the last three years.

  • DA hike: Kerala mulls 2% increase in Dearness Allowance by August for extra salary during Onam festivities

    DA hike: Kerala is considering a 2% increase in Dearness Allowance for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.

  • Form 68 explained: Who should file the new exempt income statement, how it works, can it be revised — all FAQs answered

    The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.

  • What is the active share of a mutual fund

    Active share measures how different a fund's portfolio is from its benchmark index, expressed as a percentage between 0% and 100%.

  • Is a ₹35,000 monthly pension enough in Lucknow? Expert breaks down housing, healthcare, food and daily costs

    Stretching a ₹35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.

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