Highlights: The six listed firms of the Adani Group had a gross debt of ₹2,30,900 crore as of FY22-end. Net debt after accounting for cash in hand was approximately ₹1,72,900 crore. “In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation […]
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In the biggest demolition case that India has ever witnessed, Noida Supertech Twin Towers (Apex and Ceyane) were destroyed in just 9 seconds. The Supertech Twin Towers were said to be the highest skyscrapers in India that were torn down to pieces after the order issued by the Supreme Court of India. The height of […]
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What is the most difficult situation that a startup company faces? There can be plenty… But the most struggling one is — finding the right venture capitalist or investor who would financially support the business. Undeniably, a venture capitalist acts as a catalyst for the entire startup ecosystem. But who exactly is a venture capitalist? […]
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Indian leaders are making India proud by leading the top companies across the globe. In almost every field Indians are playing an important role and showing the world what Indians are capable of. Gone are the days, when only a few Indians can be seen in the leadership roles, but the dynamics have changed completely. […]
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Indian economy is bouncing back to the growth trajectory. It is likely to become a $5 trillion economy by the financial year 2030. However, as per the Indian Philanthropy Report (IPR) 2022 released by Bain & Company and Dasra, the gap between the top 1st percentile and the bottom 50th percentile has continued to widen, […]
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The Indian stock market is facing a sharp alteration caused by a severe dip in the global markets. There have been signals suggesting that the US Federal Reserve will further consolidate liquidity and hike interest rates. Stock market crashes are characterized by an unprecedented and substantial dip in stock prices across a sizable transversion. These […]
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The Income Tax Act of 1961 mandates Indian taxpayers to pay Income Tax Returns on a timely basis. Filing an ITR is considered as the moral and social responsibility of every responsible citizen of India. Filing an ITR holds pivotal importance for every salaried individual as the tax returns act as proof of income, which […]
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Is it mandatory to file an ITR? Yes, Any individual who generates a taxable income must file an income tax return on time as it helps the government in maintaining records of taxpayers. Any failure in filing an ITR results in penalties and problems later on as it can become a case of tax evasion […]
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The process of Income Tax Filing (ITR) requires some preparation. It’s important to keep the necessary documents ready while filing an Income Tax Return. There are certain documents that are mandatory for every taxpayer. Let’s quickly take a look at the list of documents that are required to file an ITR. DOCUMENTS REQUIRED FOR FILING ITR […]
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ITR filing is indeed a complicated process. Before you set out to file an Income Tax Return, there are a lot of aspects like tax brackets and certain rules to be aware of. Let’s try to understand how to file an ITR for your business one by one. But first, what is Income Tax Return […]
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