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NDTV
28-05-2025
- Sport
- NDTV
Pakistan Tennis Player's Abject Behaviour After Loss to India In U16 Davis Cup Sparks Outrage. Video
A viral video from India's recent victory over Pakistan in the U16 Davis Cup has sparked outrage, as it showed a Pakistani player displaying aggressive and unsportsmanlike behaviour towards an Indian opponent. India defeated Pakistan 2-0 in the 11th-place playoff match at the Asia-Oceania Junior Davis Cup (U-16) tournament in Shymkent, Kazakhstan, on Saturday. Prkaash Sarran and Tavish Pahwa secured straight-set wins in their singles matches, sealing India's position in the final standings. However, three days after the encounter, a video surfaced on social media showing a Pakistani player making an aggressive gesture toward his Indian counterpart, repeating the act, and then dismissively shrugging him off — a move widely condemned as disrespectful and against the spirit of the sport. The clip triggered sharp criticism online, with many users on X (formerly Twitter) applauding the Indian player for keeping his composure and upholding the dignity of the game. India - Pakistan Handshake Drama at the Junior Davis Cup in Kazakhstan India beat Pakistan 2-0 — Indian Tennis Daily (ITD) (@IndTennisDaily) May 27, 2025 BREAKING:India defeats Pakistan 2-0 in Junior Davis Cup See how Pakistani player showing attitude in hand shake. They deserve the treatment which we give themtime to time. @DavisCup @toisports #JuniorDavisCup #Sports #India #Pakistan — Bihar Buzz (@buzz_bihar) May 27, 2025 India defeats Pakistan 2-0 in Junior #DavisCup Look at the Pakistan player's attitude on the handshake after losing! — The-Pulse (@ThePulseIndia) May 27, 2025 India's win over Pakistan followed a narrow 1-2 loss to New Zealand in the 9th-12th place playoff, where the Indian duo lost a tense super tie-break (9-11) in the doubles rubber. The untoward incident happened amid heightened tensions between India and Pakistan following the April 22 terrorist attack in Pahalgam, which claimed 26 lives, most of them tourists. In response, India launched Operation Sindoor on May 7, targeting nine terrorist bases deep inside Pakistan. The situation further escalated into a full-fledged conflict between the two neighbours, including drone interceptions by Indian Air Defence forces, widespread blackouts, and red alerts across Jammu and Kashmir. A ceasefire was eventually agreed, restoring a tentative calm. These tensions also briefly disrupted the 2025 season of the Indian Premier League, which resumed following the ceasefire. IPL Chairman Arun Dhumal confirmed to IANS on Tuesday that all three service chiefs of the Indian Armed Forces have been invited to attend the IPL final on June 3 in Ahmedabad, under the theme of honouring the heroes of Operation Sindoor.
Time of India
20-05-2025
- Business
- Time of India
Protean eGov of PAN fame crashes 20% as govt turns down bid.
Protean eGov Technologies witnessed a sharp decline of 20% in its stock price in a single day, falling from INR1,430 on Friday to INR1,015. The stock was downgraded after the Income Tax Department (ITD) turned down the company's bid for the contract of PAN 2.0 – a government initiative to add new features to the existing PAN (Permanent Account Number) card and make it more tech-oriented. The company is known for processing and issuing PAN cards,
India Today
20-05-2025
- Business
- India Today
Explained: Why Protean eGov shares are in free fall
Shares of Protean eGov Technologies plunged for a second straight session on Tuesday, extending their two-day rout to nearly 30%. After crashing 20% on Monday, the stock fell another 13% in early 11:10 am, shares of the company rebounded to trade at Rs 1,069.55, down 6.43%. It may be noted that the company was informed by the Income Tax Department (ITD) that it is no longer in the running for a key government technology revamp The project, part of the PAN 2.0 initiative, includes the design, development, operations and maintenance of the PAN system—a business segment where Protean has long been a major a filing on Sunday, the company said it had participated in the bidding process to be selected as a Managed Service Provider (MSP) for the PAN 2.0 project. However, it received a communication from the ITD that it had 'not been considered favourably for the next round.'Protean tried to reassure investors, stating that the development would have 'limited or minimal impact' on its existing PAN processing and issuance services under its current mandate with the tax department. But the market wasn't the stock now giving up all its gains over the past year, it is down nearly 15% on a 12-month basis. The sharp correction is also notable given that ace investor Ramesh Damani held a 1.05% stake in the company as of the March institutional investors, major state-run banks hold significant stakes, SBI (4.93%), Axis Bank (3.18%), PNB (2.25%), Bank of Baroda (1.54%) and Canara Bank (1.23%).Despite the selloff, analysts aren't unanimously bearish. Trendlyne data shows the stock has two 'buy' ratings and one 'sell', with an average target price of Rs 1,896—a potential upside of 66 percent from current levels.
News18
20-05-2025
- Business
- News18
New ITR-U Rules 2025: Tax Dept Extends Filing Deadline To 48 Months, Check Key Changes
Last Updated: ITR Filing: ITR-U allows you to correct errors and omissions in your previous ITRs. Check key updates in ITR-U. Income Tax FY 2024-25: The Income Tax Department (ITD) has notified the ITR-U (Updated Income Tax Return) form with key updates, including extension of time limit, new additional tax rates for delayed ITR-U filings, changes in section 139 (8A), and many more. CBDT released the notification of ITR-U on May 19. ITR-U allows you to correct errors and omissions in your previous ITRs. In case you miss to file ITR in previous AY, you can use ITR-U to complete your tax responsibilities. 1. Extended Time Limit: The filing deadline has been extended to 48 months (4 years), as per the Finance Act, 2025. 2. Additional Tax Payable: – Filing in the 3rd year will incur an additional income tax of 60%. – Filing in the 4th year will incur an additional income tax of 70%. 3. Amendment to Section 139(8A): No ITR-U can be filed if a notice under Section 148A (show-cause notice) is issued after 36 months from the end of the relevant assessment year. However, if an order under Section 148A(3) later states that it is not a valid case for notice under Section 148, then ITR-U can still be filed within 48 months from the end of the relevant assessment year. 4. Amendment to Section 140B: This section has been updated to prescribe the additional income tax payable for the extended timelines. 5. Amendment to Rule 12AC: This rule has been updated accordingly to reflect these changes. ITR Filing Season 2025 The income tax department has now notified all seven income tax return (ITR) forms for the assessment year 2025-26. Though ITR filing is yet to be enabled, it is necessary to know which tax return form should you choose to file income tax return. Most individual taxpayers will have to file their income tax returns by July 31, 2025, while different categories of assessees, including companies and those requiring audits, have different deadlines. First Published: May 20, 2025, 11:34 IST
Economic Times
20-05-2025
- Business
- Economic Times
Ramesh Damani portfolio stock Protean falls another 13%, now down 30% in 2 days
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After crashing 20% in Monday's trading session, shares of Protean eGov Technologies fell another 13% on Tuesday morning. The stock, which is owned by ace investor Ramesh Damani , is in a freefall after the company was not selected by the Income Tax Department for the project of Technology revamp , which includes Design, Development, Implementation, Operations and Maintenance of PAN systems In the last 2 days, Protean shares have lost over 30% of its value and if the sharp downside continues, the stock may even hit its 52-week low at Rs 930. The stock was trading around Rs 995 in the opening a regulatory filing on Sunday, the company said it was informed by the Income Tax Department (ITD) that they have not been considered favourably for the next round of RFP selection said the project was for a technology revamp which include Design, Development, Implementation, Operations, and Maintenance of PAN systems at the Income Tax department. "It appears to have limited or minimal impact on our ongoing PAN processing and issuance services under the existing mandate with the ITD," the company had participated in a bid for selection of a Managed Service Provider (MSP) for Design, Development, Implementation, Operations, and Maintenance of its PAN 2.0 stock has now given up all its gains made in the last one year and is now down around 15% in the last 12 months. Ace investor Ramesh Damani owned a 1.05% stake in the company at the end of the March investors in the company include Canara Bank (1.23%), Bank of Baroda (1.54%), Punjab National Bank (2.25%), Axis Bank (3.18%), and State Bank of India (4.93%).Trendlyne data shows that the stock now has 2 buy calls and one sell call with the average target price at Rs 1,896, indicating an upside potential of about 66%.
