Major Tax And GST Related Deadlines For You In May 2025: Check List Of Financial Deadlines
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TDS certificates for deductions made in March 2025 that cover transactions under Sections 194-IA, 194M, and 194S must be issued by organizations by May 15, 2025. Government offices that processed TDS/TCS without a challan in April must submit Form 24G by May 15, 2025. Entities are required to provide their quarterly TCS statement for the quarter ending March 31, 2025.
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Hans India
34 minutes ago
- Hans India
Indore Metro begins commercial operation
Indore Metro commenced commercial operations on Sunday, marking a transformative step in the city's urban transportation landscape. While the initial hours saw a relatively low passenger turnout, riders steadily increased by noon, Metro officials reported and said despite the introduction of fares, public enthusiasm remained strong, with expectations of further growth in commuter numbers by evening. Currently, Indore Metro lacks an automated ticketing system, requiring manual compilation of ticket sales and passenger data. Authorities are working toward implementing a streamlined digital system, but for now, ticketing operations continue to be handled manually. Prime Minister Narendra Modi had inaugurated the first phase of the Indore Metro project on May 31, 2025, via video link from Bhopal. The launch coincided with the 300th birth anniversary celebrations of Devi Ahilya Bai Holkar – the revered ruler of Malwa, where the Prime Minister addressed the 'Women Empowerment Mega Conference". During his speech, PM Modi highlighted Indore's global reputation for cleanliness and expressed confidence that the city would now also be recognized for its metro connectivity. The metro's initial operational plan included 50 trips per day, metro authorities said. However, due to the overwhelming response to free travel during the launch phase, the number of daily trips exceeded 100. Starting Monday, the metro service will revert to its original schedule of 50 trips per day. The fare structure has been set at concessional rates, with passengers paying a minimum of five rupees for short distances and eight rupees for a seven-kilometer journey. Promotional discounts will be in effect for the first three months, with fares gradually increasing to standard rates. Officials are now focusing on the upcoming 17-km trial run, which will extend the metro service from Gandhi Nagar to Radisson Hotel Square. This expansion is expected to significantly boost regular ridership, particularly among employees and students from major institutions such as TCS and Infosys, whose campuses are located along the route. Currently, the Metro operates within a seven-km stretch, primarily covering commercial zones. However, as the network expands, its impact on urban mobility and connectivity will become more pronounced, offering residents a modern and efficient transit system. The broader metro network, once fully operational, is expected to cover 31.32 km with 28 stations, further enhancing Indore's public transportation infrastructure.
India.com
3 hours ago
- India.com
Mukesh Ambani hits JACKPOT, earns Rs 307863800000 in just 5 days due to..., net worth surges to Rs...
Mukesh Ambani (File) In a major boost for billionaire Mukesh Ambani, Asia's richest man, his Reliance Industries emerged as the biggest gainer in the stock market last week, adding a staggering Rs 30,786.38 crore to its market cap, which now stands at Rs 19,53,480.09 crore. As per market data, nine of India's top-10 most valued firms added a combined Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank emerging as show-stealers with maximum gain, in line with an optimistic trend in equities. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers, while Tata Group's Tata Consultancy Services (TCS) — India's largest IT services exporter– was the only laggard among the top-10 firms. 9 of top-10 firms witness mcap surge, TCS only laggard The market capitalisation (mcap) of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, while HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore, Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore, while the valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore, and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore. Narayana Murthy-led Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore, and the market cap of State Bank of India (SBI) went up Rs 401.61 crore to Rs 7,25,437.74 crore. However, TCS emerged as the only laggard among the top-10 firms, losing Rs 28,510.53 crore of its valuation, which currently stands at Rs 12,24,975.89 crore. Mukesh Ambani-led Reliance Industries retained the coveted title of India's the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. Mukesh Ambani net worth Meanwhile, owing to the stellar performance of Reliance Industries at the stock market, the net worth of Mukesh Ambani, who leads the oil-to-telecom conglomerate as its Chairman, surged to $109.2 billion as of June 8, 2025, according to Forbes Real Time Billionaires List. Mukesh Ambani is the richest man in India and all of Asia, and 16th wealthiest globally, as per Forbes. (With PTI inputs)
Hans India
6 hours ago
- Hans India
9 of top 10 most valued firms add Rs 1 lakh crore in market cap this week
The Indian stock market witnessed strong positive momentum this week, helping nine of the country's ten most valued companies collectively add Rs 1,00,850.96 crore to their market capitalisation. This rally came as the benchmark Sensex rose by 737.98 points, or 0.90 per cent, reflecting overall optimism in equities. Among the top gainers, HDFC Bank recorded a sharp rise in market valuation, adding Rs 26,668.23 crore. With this, the private sector lender's total market capitalisation reached Rs 15,15,853.85 crore. Bajaj Finance also posted a strong performance, gaining Rs 12,322.96 crore in valuation during the week. Its market cap now stands at Rs 5,82,469.45 crore. ICICI Bank's market valuation increased by Rs 9,790.87 crore to Rs 10,41,053.07 crore, while Hindustan Unilever added Rs 9,280.89 crore, taking its mcap to Rs 5,61,282.11 crore. Bharti Airtel saw its market valuation rise by Rs 7,127.63 crore, reaching Rs 10,65,894.55 crore. Meanwhile, Life Insurance Corporation of India (LIC) gained Rs 3,953.12 crore, pushing its valuation to Rs 6,07,073.28 crore. Infosys recorded a smaller increase, with a gain of Rs 519.27 crore, bringing its total market capitalisation to Rs 6,49,739.73 crore. State Bank of India (SBI) also edged up, with a rise of Rs 401.61 crore, taking its mcap to Rs 7,25,437.74 crore. Among the top 10, Tata Consultancy Services (TCS) was the only company to see a drop in its market value. The IT giant's mcap declined by Rs 28,510.53 crore during the week, settling at Rs 12,24,975.89 crore. Despite TCS's slip, the overall market sentiment remained upbeat, with investors showing confidence across sectors. In terms of overall ranking by market capitalisation, the top five companies at the end of the week were HDFC Bank, TCS, Bharti Airtel, ICICI Bank, and SBI. Market experts believe the positive momentum was supported by expectations of steady economic growth and improved investor sentiment ahead of key economic data and global cues.
