Berenberg turns cautious on GBG as U.S. attrition hits growth outlook

Pune ITAT has ruled that a ₹65.21 lakh payout received by a Pfizer employee under a voluntary retirement scheme was a capital receipt and not taxable. The tribunal said Section 56(2)(xi) did not apply because the employee had voluntarily resigned under the scheme, rather than being terminated.

After 18 years at the helm, K N Radhakrishnan’s exit marks the end of an era at TVS Motor, which he helped transform into a global two-wheeler powerhouse

SBI Funds Management’s IPO saw strong subscription interest on its second day. The Qualified Institutional Buyer portion was subscribed 1.5 times, while retail investors showed good engagement. Non-Institutional Investors showed significant interest, subscribing 6.58 times to their allocated portion. Shareholders of its parent company, State Bank of India, subscribed 3.98 times. This significant IPO, the…