Business News

VRS offer in hand? Check these tax rules before you accept the package

Employees considering a Voluntary Retirement Scheme should carefully check tax rules before accepting any package. Sudhir Kaushik, CEO of TaxSpanner, said, "The exemption is limited to Rs 5 lakh and applies only to eligible VRS compensation." Many workers get confused, so understand that other settlement components often face full taxation.

FSSAI's Food Crackdown: Labels, Restaurants & Quick Commerce Under Scrutiny

FSSAI is stepping up enforcement across supermarkets, restaurants, and cloud kitchens to ensure food safety. CEO Rajit Punhani said, "Big food companies should lead on compliance." The regulator is now targeting misleading labels and ORS branding. These inspections aim to provide clearer choices and safer food for many Indian consumers.

No economic settlement reached in TVS family asset split: Mallika Srinivasan, Lakshmi Venu

Mallika Srinivasan and Lakshmi Venu said on Monday that no economic settlement was reached in the TVS family asset split. They countered claims of a fair arrangement, noting that "management responsibilities must not be confused with economic ownership." The two asserted that their rightful ownership interests still remain unresolved today.

How the AI Boom Is Fueling Global Financial Risks

Loudoun County, Virginia, is seeing a massive wave of money fueling data center campuses. Investors now worry if the artificial intelligence boom is being financed in an unstable way. They fear a repeat of the 2007-08 subprime crisis if promised profits from these power-hungry projects are slow to arrive.

Applied Materials Will Double Sales, Not Headcount, Thanks to AI

Applied Materials Inc. expects to double revenue over the next few years without a similar rise in hiring. CEO Gary Dickerson said, “As we double the size of the company over the next few years, we’re not going to be doubling headcount.” The firm now uses artificial intelligence for product development.

BlackRock Turns Bullish on Short-Term Bonds, Downgrades Stocks

BlackRock Inc. turned bullish on US Treasuries, ending a six-year underweight stance as yields hit two-decade highs. The firm upgraded short-term bonds to overweight, citing higher yields and excessive Federal Reserve tightening expectations. This shift shows how investors now seek safety in debt as market conditions change for global portfolios.