40,000 Defaulters Under Scrutiny for TDS/TCS Non-Compliance

Brief by Shorts91NewsDesk / 08:21am on 26 Feb 2025,Wednesday Business

The Income Tax Department is set to initiate a nationwide crackdown on 40,000 taxpayers for failing to deposit TDS/TCS. A 16-point strategy, utilizing data analytics, will be employed to identify and investigate defaulters, focusing on recurring offenders and discrepancies between tax deductions and payments. Non-intrusive methods will be used, beginning with notifications to taxpayers who may have missed payments. The effort aims to create a fairer tax system by taking strict action against willful defaulters, while offering compliance relief for honest taxpayers. This initiative follows the simplification of TDS rates in the recent Union Budget.

Read More at The Times Of India

Broken Seats, Poor Service: Tata-Owned Air India Faces Heavy Criticism from BJP Leader Jaiveer Shergill

Brief by Shorts91NewsDesk / 04:54am on 26 Feb 2025,Wednesday Business

BJP leader Jaiveer Shergill criticized Air India, claiming it would win an "Oscar" for "worst airlines" due to broken seats, poor staff, and terrible customer service. His X post sparked responses from other passengers, including Union Minister Shivraj Singh Chouhan, who also reported broken seats on a flight. Chouhan questioned the airline's management under Tata, while the airline apologized and promised to address concerns. Despite criticism, some defended Air India, noting its fleet and service improvements since Tata's takeover in January 2022. Congress also took a jab, pointing out issues in aviation and railway sectors. Air India has made significant investments in fleet upgrades.

Read More at NDTV

TCS Hit Hard in Market Slump, Drops Rs 53,185 Crore in Valuation

Brief by Shorts91NewsDesk / 05:22am on 24 Feb 2025,Monday Business

Tata Consultancy Services (TCS) recently announced its annual salary hikes, with payments starting in April 2025. However, the company faced a significant setback as its market valuation plummeted by Rs 53,185.89 crore to Rs 13.7 lakh crore, marking a massive loss. This decline was part of a broader market dip, with the combined valuation of eight of the top-10 most valued firms dropping by Rs 1,65,784.9 crore. TCS’s stock dropped 2.82% from February 17-21, 2025, contributing to its market cap decline. Despite this, TCS remains one of the top most valued firms, following Reliance Industries.

Read More at India.com

Tesla Cars in India May Cost ₹35-40 Lakh Despite Lower Import Duty

Brief by Shorts91 Newsdesk / 03:39pm on 22 Feb 2025,Saturday Business

Tesla is set to enter India, but its cars may still be expensive. A report by CLSA says even with reduced import duty, Tesla's cheapest Model 3 could cost ₹35-40 lakh on-road. In the US, this model costs around $35,000 (₹30.4 lakh). Extra costs like road tax and insurance will push prices higher. Tesla has started hiring in India and plans to launch in Delhi and Mumbai. Experts say Tesla must set up a factory in India to lower prices. Without local production, its cars may be too costly for most Indian buyers.

Read More at NDTV

Tesla's Renewed Push into India: Strategic Moves Amid Global Sales Slump

Brief by Shorts91NewsDesk / 11:10am on 21 Feb 2025,Friday Business

Tesla is making a renewed effort to enter the Indian market after two previous attempts. Following CEO Elon Musk's recent meeting with Prime Minister Narendra Modi, the company plans to import vehicles produced at its Berlin plant and is exploring potential factory sites in India. This initiative aligns with India's March 2024 policy allowing electric vehicle (EV) manufacturers to import up to 40,000 fully assembled EVs over five years at a reduced customs duty of 15%, contingent upon a $500 million investment in local manufacturing. This move comes as Tesla faces significant sales declines in key markets, including a 59.5% drop in Germany and a 63.3% decrease in France in January 2025. Additionally, U.S. President Donald Trump has criticized Musk's plans to establish a factory in India, adding complexity to Tesla's international strategy.  

Read More at Hindustan Times

Tesla Set to Launch Cars in India by April, Plans $3-5 Billion Investment

Brief by Shorts91 Newsdesk / 04:38pm on 19 Feb 2025,Wednesday Business

Tesla is finally entering India, with its electric cars expected on roads by April. The Elon Musk-led company is also planning a manufacturing hub, investing $3-5 billion. Tesla officials will visit India soon to discuss production plans with the government. Potential locations for the factory include Maharashtra and Gujarat. Reports indicate Tesla’s cars may start at ₹21 lakh. The company will benefit from India's new EV policy, offering import duty cuts for firms investing at least $500 million. This move aligns with Prime Minister Narendra Modi’s recent talks with Musk in the US.

Read More at TV9 Bangla

Tesla Starts Hiring in India After PM Modi-Elon Musk Meeting in US

Brief by Shorts91 Newsdesk / 02:05pm on 18 Feb 2025,Tuesday Business

Tesla is hiring in India, a sign that the company plans to enter the market soon. CEO Elon Musk met Prime Minister Narendra Modi in the US last week. The company has listed 13 job openings, including service technicians and customer engagement roles in Mumbai and Delhi. Tesla had avoided India due to high import duties, but the government recently lowered them. India's electric car market is small but growing. Tesla’s move comes as its global EV sales slow. The company has not announced a launch date yet.

Read More at NDTV

Coal India Stock: A Stable High-Yield Investment Choice with Strong Dividends for Risk-Averse Investors

Brief by Shorts91NewsDesk / 06:45am on 18 Feb 2025,Tuesday Business

Coal India has emerged as a top pick for investors seeking high-yield stocks, offering attractive fixed dividend returns. Despite market fluctuations, the stock has maintained stability, appealing to risk-averse investors. Its robust performance and consistent payouts make it a favored choice for those looking to diversify their portfolios with a reliable stock. Additionally, its strong market position and future growth potential further enhance its appeal.    

Read More at The Indian EXPRESS

Tesla Begins Hiring in India, Eyes EV Market Expansion Following PM Modi’s US Trip and Talks with Elon Musk

Brief by Shorts91NewsDesk / 04:12am on 18 Feb 2025,Tuesday Business

Tesla has started hiring in India, signaling its plans to enter the Indian electric vehicle (EV) market. This move follows a successful trip by Indian Prime Minister Narendra Modi to the United States, where discussions around strengthening business ties took place, including talks with Tesla CEO Elon Musk. The company’s potential expansion into India comes amid growing interest in the EV sector in the country. Tesla’s entry could disrupt the market with its high-tech electric cars.

Read More at India Today

SBI Launches ‘Jan Nivesh SIP’ Scheme to Boost Financial Inclusion with Micro-SIPs Starting at ₹250, Waiving Commission Fees

Brief by Shorts91NewsDesk / 05:21pm on 17 Feb 2025,Monday Business

SBI has launched the ‘Jan Nivesh SIP’ scheme to enhance financial inclusion, offering micro-SIPs starting at ₹250 without commission fees. The initiative aims to make financial services accessible to underserved communities, promoting saving and investing. SEBI Chairperson Madhabi Puri Buch praised the scheme as a historic step in empowering small investors and fostering economic growth. SBI Chairman C.S. Setty emphasized the bank’s commitment to financial inclusion, highlighting the success of initiatives like the Pradhan Mantri Jan Dhan Yojana and expanding insurance coverage.  

Read More at Mint

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