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Fintech Startup Navi Plans FY27 IPO to Raise Rs 3,000 Crore
Navi, co-founded by Sachin Bansal, is preparing to file draft IPO papers in the March quarter of FY27 to raise approximately Rs 3,000 crore, appointing Kotak Investment Banking. This follows a deferred 2022 IPO attempt and ongoing external funding discussions with Prosus to establish a valuation benchmark.
FSSAI Issues Notices to Brands for Misleading Claims
The Food Safety and Standards Authority of India (FSSAI) has issued notices to several food brands, including Heritage Fresh Paneer and La Casa vegan hazelnut chocolate spread, for making misleading claims on their packaging regarding freshness, organic content, and vegan status. The regulator is cracking down on deceptive labeling practices across the food sector.
Income Tax Act 2025: New Cash Transaction Limits to Curb Tax Evasion
The Income Tax Act 2025 introduces new limits on cash transactions to combat tax evasion. Key changes include a Rs 2 lakh daily cash receipt limit from one person, cashless transactions for loans/deposits over Rs 20,000, and limits on business expenses and donations.
New 'Other Income' Column in ITR for AY 2026-27: Voluntary Disclosure of Exempt Income
The ITR filing for AY 2026-27 introduces an 'Other Income' column under the Exempt Income Schedule, allowing taxpayers to voluntarily disclose non-taxable receipts like rural agricultural land sales or gifts. Experts advise this proactive reporting to prevent tax notices and record mismatches.
EPFO 2026 Scheme: Key Changes and Continuity in EPF and VPF Contribution Rules
The new EPFO 2026 scheme largely maintains existing EPF contribution rules, with employees and employers contributing 12% of wages up to the statutory ceiling. It also preserves the VPF framework, allowing employees higher voluntary contributions without employer matching and the flexibility to discontinue them.
Senior Citizens' Savings Scheme Offers 8.2% Interest, Rs 24.40 Lakh Investment for Rs 50,000 Quarterly Income
The Senior Citizens' Savings Scheme (SCSS) offers an 8.2% interest rate for the July-September 2026 quarter. To achieve a quarterly income of approximately Rs 50,000, a senior citizen needs to invest around Rs 24.40 lakh.