FOR IMMEDIATE RELEASE Delhi, India – July 5, 2024 – Raymond Ltd. (hereafter “Raymond”), a leading Indian conglomerate, today announced its board of directors has approved the demerger of its real estate business, Raymond Realty. This strategic move follows a period of significant growth for Raymond Realty, positioning it for independent success in the dynamic…
India’s economic ascent is undeniable, with projections placing it as the fastest-growing major economy in 2024. However, this impressive trajectory faces a significant challenge – a growing water crisis. Declining water resources threaten to disrupt key sectors and impede the nation’s economic progress. For years, India has navigated water scarcity, but the situation is reaching…
Life insurance serves a critical purpose, providing beneficiaries with financial security in the event of your passing. However, some permanent life insurance policies offer an additional benefit: policy loans. This feature allows you to access a portion of the policy’s cash value as a loan. Understanding Cash Value and Eligibility Not all life insurance policies…
The Income Tax Department has enabled online filing of Income Tax Return (ITRs) for the Assessment Year (AY) 2024-25. This article guides you through the process of registering online to e-file your ITR. Who needs to register? If you haven’t already registered on the Income Tax e-filing portal (https://www.incometax.gov.in/iec/foportal/), you’ll need to do so before…
In the realm of family joint businesses, where shared history intertwines with financial interests, disputes can cast a long shadow. When disagreements over ownership, management, or profit sharing threaten the success and stability of the enterprise, a family settlement emerges as a strategic solution. The Power of Agreements A family Joint Businesses settlement, also known…
As of July 4, 2024, all major Indian telecoms operators – Jio, Airtel, and Vodafone Idea (Vi) – have implemented revised pricing structures for their prepaid and postpaid plans. This guide provides a high-level overview to help you make informed decisions when choosing a plan that aligns with your budget and data requirements. Understanding Your…
The Adani-Hindenburg saga has taken a new turn, with Kotak Bank being dragged into the controversy. Here’s a breakdown of the accusations and how they relate to Kotak Bank and its founder, Uday Kotak. Hindenburg’s Allegations: What it Means: Kotak Bank’s Response: The Unfolding Story: Impact: What to Watch Out For: This is a fast-moving…
In a significant shift within the world’s wealthiest individuals, Steve Ballmer, the former CEO of Microsoft Corporation (MSFT), has surpassed his longtime colleague Bill Gates to become the sixth richest person globally. This marks the first time Ballmer’s net worth has outpaced Gates’, a noteworthy development for the Microsoft co-founders. The primary drivers behind this…
Hindenburg Research, the short-selling firm that published a critical report on the Adani Group in January 2023, has formally responded to a show cause notice issued by the Securities and Exchange Board of India (SEBI). The SEBI notice alleges that Hindenburg’s report contained misrepresentations and inaccurate information that could mislead investors. In a statement released…
While there have been improvements since the peak of the global food crisis in 2022 and 2023, many countries around the world are still facing food shortages due to a variety of factors, including: Here are some of the countries that have been experiencing food shortages in 2024: It is important to note that this…