Tech Mahindra shares plunge 6.67% post Q1 results
The company’s consolidated net profit stood at ₹851 crore growing by 28.8% from ₹661 crore in the previous quarter and by 23% on a year-over-year basis.
business
July 2024
Online streaming overtakes film industry as primary revenue source: Report
Since 2017, online video, excluding sports, has seen a threefold increase in content investments, highlighting a shift in industry preference from television to OTT platforms.
L&T shares up 2.27% after Q1 profit surges 12% to ₹2,786 cr
Boosted by robust order growth in Middle East, L&T received orders worth ₹70,936 cr at group level, registering a year-over-year growth of 8% in the first quarter
Startups breathe sigh of relief as angel tax is abolished
Startup investors and founders are set to benefit from the decision with funding sources opening up further for the startup ecosystem.
Budget 2024: New income tax slabs introduced, standard deduction up; key details
Increased tax slabs, increase in standard deduction, and increased deductions from pensions will bring relief expected to over 4 cr salaried individuals and pensioners.
20% households investing in markets: Economic Survey 2023-24
Retail investments have risen recently in the Indian capital markets, both through direct trading and mutual funds.
Budget 2024: Classify Gurgaon, Bengaluru as metros for higher HRA exemption
Under the old tax regime, a portion of HRA is exempt from tax, with the amount varying based on whether the individual resides in a metro or non-metro area.
Marriage Unites Individuals, Wedding Unites Families: Mukesh Ambani at Anant-Radhika ‘Vivah Sanskaar'
Mukesh Ambani described a traditional Hindu marriage as the most important 'sanskaar' in a person's life, connecting individuals to society, duty, and spirituality.
Netflix sees second highest growth in user additions in India
Netflix shared that its success was helmed by big successful titles, including Heeramandi: The Diamond Bazaar, The Great Indian Kapil Show, and Amar Singh Chamkila.
Budget 2024: Digital infra push to drive innovation: IKEA India CEO
“We aim to deepen the Make in India initiative to help us cater to both domestic and export markets,” says IKEA India’s Chief Sustainability Officer Sussanne Pulverer.
