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Income tax return errors do not automatically attract a 200% penalty. Under the Income-tax Act, 2025, under-reporting can attract a penalty of 50% of the tax payable on the under-reported income, while misreporting can attract 200%. Here's how the rules, late-filing fees and interest work.

The 8th Pay Commission has 18 months from its constitution in November 2025 to submit its report. With 1 January 2026 emerging as a possible effective date, here's what previous Pay Commissions reveal about salary revisions, implementation timelines and arrears.

Dell briefly became the world's second-richest person, behind Elon Musk, after his net worth surpassed $270 billion.

Netflix has replaced chief content officer Bela Bajaria with Peter Rice amid slowing audience engagement, declining stock and layoffs. Bajaria helped expand the companys global content and live entertainment offerings. 

The 8th CPC is consulting employees, pensioners and other stakeholders before submitting recommendations on pay, allowances, benefits and pensions. Its report is due by May 2027. A year since constitution, here are the key updates 

SEBIs PRIM route lowers the minimum investment for portfolio management services to 25 lakh from 50 lakh under the conventional PMS route. But renewals are treated as fresh investments, raising questions about investors whose portfolios fall below the threshold. 

Reliance Industries said it welcomes competition, including Starlink, and has never feared rivals. The company emphasized that all satellite communication providers must follow Indian laws and policies, noting that Jios own satellite services are awaiting government clearances.

KFCs US restaurants have served PepsiCo drinks ever since PepsiCo bought KFC in 1986. However, some of the chain's international markets serve Coke products.

Investor concerns over debt-funded AI expansion have pressured CoreWeave, other AI cloud firms and chipmakers. Markets are questioning whether companies can generate enough cash flow to support heavy spending

The email, which is anonymous and unsigned and was also sent to Pernod Ricard chairman Alexandre Ricard, questions whether promoting the perfume brands logo could indirectly advertise alcohol, given that the product is not available for sale on any e-commerce platform.

Before a 2024 family agreement on brands and management control, a series of changes separated TVS Motors stake from Sundaram-Clayton, the auto parts company Lakshmi Venu led. Brother Sudarshan Venu now heads the holding company that controls TVS Motor and lending businesses.

Stellantis, Hyundai, and Suzuki are committing billions of dollars in fresh investments in India. The aggressive push comes as foreign brands seek to counter market share gains by domestic rivals Tata Motors and Mahindra & Mahindra

California orders lenders to report on their handling of insurance payouts to LA fire survivors

COREWEAVE-STOCKS-MAIN:CoreWeave's slump spotlights growing burden of debt behind AI boom

Canadas industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at the companys steel operations in Ontario.

The deal includes a $100 million JICA-financed loan to help build a 1.1-million-tonne renewable-powered green ammonia facility in Kakinada, Andhra Pradesh.

Mehli Mistry alleges that failing to reply even after four months was deliberate and intended to delay the proceedings.

The dispute over trustee appointments and the administration of the philanthropic institutions was heard before the Maharashtra Charity Commissioner on Thursday.

The deeptech startup plans to deploy 150 autonomous robots by next year on a subscription model, offering Western contractors up to 20% savings amid severe labour shortages.

The fresh capital will be used to expand Scimplifys research laboratories, deepen its presence in US and Europe, and strengthen its in-house AI platform SciNode.