Market Update

ITR filing: Switching between old, new tax regimes possible, with some hassles

Employees can choose between old and new tax regimes once a year. However, you will need to recalculate your tax credits and deductibles. Imagine this. You filed your tax return and realized that you would pay less tax if you chose the old tax system instead of the new one, or vice versa. If you …

ITR filing: Switching between old, new tax regimes possible, with some hassles Read More »

Patanjali Foods promoter cancels green-shoe option for its ongoing OFS

Patanjali Ayurveda had earlier said it would sell a 7% stake in the company through a sale offer. In case of oversubscription, he also has to sell 2%. Patanjali Foods promoter Patanjali Ayurvede said on July 13 that he would not take the 2% oversubscription option (also known as the greenshoe option). The reason for …

Patanjali Foods promoter cancels green-shoe option for its ongoing OFS Read More »

Byju’s ropes in TV Mohandas Pai, Rajnish Kumar to join newly-constituted advisory panel

Byju’s move to form a new advisory board and sign Pai and Kumar comes just weeks after three key directors and auditors resigned. Byju’s, one of the world’s most respected education technology companies, has appointed Rajnish Kumar, one of his early backers through Aarin Capital and former National Bank of India, and current Chairman of …

Byju’s ropes in TV Mohandas Pai, Rajnish Kumar to join newly-constituted advisory panel Read More »

Bank of India plans stake sale to meet SEBI minimum public ownership standards

Bank of India plans stake sale to meet SEBI minimum public ownership standards Post share-sale, depending on the quantum, the holding of Government of India would come down below 75 percent. Public sector banks have time till August 2024 for meeting the SEBI requirement, Karnatak said. The state-owned Bank of India is exploring the possibility …

Bank of India plans stake sale to meet SEBI minimum public ownership standards Read More »