Finance

If the deemed LTC Fare is Rs 80,000 (Rs 20,000 x 4), then the amount to be spent under the scheme is Rs 2,40,000. Thus, if an employee spends Rs 2,40,000 or above on specified expenditure, he shall be entitled for full deemed LTC fare and the related income-tax exemption. However, if the employee spends Rs 1,80,000 only, then he shall be entitled for 75 per cent (i.e. Rs. 60,000) of deemed LTC fare and the related income-tax exemption. In case the employee already received Rs 80,000 from employer in advance, he has to refund Rs 20,000 to the…

Realty major DLF’s rental arm DCCDL has started the process of structuring its rent-yielding commercial assets in Real Estate Investment Trust (REIT) form but the timing to launch the public issue will be decided by the promoters. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s sovereign wealth fund. DLF holds 66.67 per cent stake while GIC has 33.33 per cent stake in the DCCDL, which owns around 33 million sq ft of commercial assets with rental income of over Rs 3,000 crore. GIC had picked…

For the first time since 2012, the fast-food chain will release its famed BBQ rib sandwich nationally.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 30, 2020 3 min read Mark your calendars. On December 2, McDonald’s will be rolling out McRibs across the US.  What’s the big McDeal, you ask? The McRib (which consists of a boneless pork patty shaped like a miniature rack of ribs, barbecue sauce, onions, and pickles) is a cult classic among McDonald’s fans, a cultural phenomenon, and the…

“Congratulations, we work for an underperforming business in a crappy industry and it’s going to be hell for the next 12 months,” chief executive John Pluthero wrote in a memo to the employees of Cable & Wireless in 2006. “If you are worried that it all sounds very hard, it’s time for you to step off the bus. This is no longer a place for the timid.” In 2011, CEO Stephen Elop posted a similar missive to Nokia’s 130,000 employees: “I have learned that we are standing on a burning platform. And, we have more than one explosion — we…

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 lakh on an employee of Titan Company, Theekevedu B. Alexander, for violating insider trading norms in 2018. The investigation by the capital markets regulator found that the designated employee of the company and his spouse had traded in the scrip of Titan when the trading window was closed, in violation of SEBI (PIT) Regulations, 2015. Alexander had traded on two trading days during the period from September 23 to November 12, 2018 — a period during…

President Donald Trump has recently said he’s for the approval of a stand-alone bill that’d give authorization to another round of $1.200 checks. To gain better insight into the topic and find the best ACH business loans for your company’s growth, follow the lines below. Trump Reverses Stance on Stimulus President Trump noted the importance of 25 billion dollars for Airline Payroll Support, and 135 billion dollars for the Paycheck Protection Program for small businesses on Oct. 6. The president wanted the House and Senate to give their approval right off the bat. President Trump is for stand-alone legislation aimed…

Join Julia Stead, the CMO of Allocadia, as she presents tips for marketing a business during these uncertain times.Free Book Preview Ultimate Guide to Social Media Marketing This book takes readers through a 360-degree perspective of social media marketing in businesses. October 29, 2020 2 min readOpinions expressed by Entrepreneur contributors are their own. When the world turned upside down six months ago, business owners were presented with new challenges—a big one being how to market their businesses to yield successful results. Entrepreneurs are resilient though and full of fresh ideas, so they have found ways to adapt…

In this podcast, Business Standard’s Sanjay Kumar Singh answers all your questions and try to explain in detail about the reimbursement plan TopicsRBI | Finance Ministry | Moratorium Are you still confused with govt’s loan moratorium interest waiver scheme and whether you are eligible for it or not? In this podcast, Business Standard’s Sanjay Kumar Singh answers all your questions and explains in detail about the reimbursement plan Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political…