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The Print
6 hours ago
- Business
- The Print
Net direct tax collection dips 1.39 pc to Rs 4.59 lakh cr on lower advance tax mop-up, higher refunds
Advance tax paid by corporates saw a growth of 5.86 per cent to Rs 1.22 lakh crore, while those by non-corporates, including individuals, HUFs and firms, dropped 2.68 per cent to Rs 33,928 crore. Advance tax, which is an indicator of corporate profitability and income of individuals, grew a meagre 3.87 per cent to Rs 1.56 lakh crore between April 1-June 19, 2025. In the comparable period in 2024, advance tax collection had recorded an annual growth of 27 per cent. New Delhi, Jun 21 (PTI) Net direct tax collection so far this fiscal dipped 1.39 per cent to Rs 4.59 lakh crore, on slowdown in advance tax mop-up and higher refunds, government data released on Saturday showed. Advance tax is paid in four instalments — in June, September, December, and March. Refund issuances increased by 58 per cent to Rs 86,385 crore till June 19, this fiscal. Gross direct tax collection stood at Rs 5.45 lakh crore so far this fiscal, logging a growth of 4.86 per cent from the year-ago period. Overall, the net direct tax collection kitty stood at about Rs 4.59 lakh crore in the fiscal till June 19, 2025, registering a 1.39 per cent dip from Rs 4.65 lakh crore collected in the corresponding period in 2024. During April 1-June 19, 2025, net corporate tax collection witnessed a slowdown at about Rs 1.73 lakh crore, a decline of over 5 per cent year on year. Non-corporate tax collections, which include mainly personal income tax, however, recorded a slight increase of 0.7 per cent to Rs 2.73 lakh crore. Securities Transaction Tax (STT) grew 12 per cent to Rs 13,013 crore during the period. In the current fiscal (2025-26), the government has projected its direct tax collections at Rs 25.20 lakh crore, up 12.7 per cent year on year. The government has collected 18.21 per cent of its direct tax target till June 19. The government aims to collect Rs 78,000 crore from STT in FY26. PTI JD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
a day ago
- Time of India
Apple may bring a new colour variant with iPhone 17: Report
iPhone 17 series is likely to make its debut in September later this year. The new iPhone lineup is rumoured to come with multiple upgrades in terms of camera, performance and battery life. According to details shared by leaker Majin Bu, the Cupertino-based company is testing new Purple and Green color options for the upcoming iPhone 17. However, the leakster says that only one of the two colors is likely to make the final cut. 'While both are under consideration, only one color might make the final cut, with expectations leaning toward Purple being the likely choice for release,' the tipster writes in a blog post. To compare, the base iPhone 16 model is currently offered in Ultramarine, Teal, Pink, White, and Black. The iPhone 17, if the leak proves true, could add a fresh color to the mix when it launches later this year. Apple iPhone 17 features (expected) Beyond colors, recent analyst reports suggest that the iPhone 17 base model will see limited hardware changes. According to Jeff Pu of GF Securities, the device is expected to use the A18 chip, the same processor as the iPhone 16. The processor will reportedly continue to be built on TSMC's 3nm N3E process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The iPhone 17 is also likely to have 8GB of RAM, matching the iPhone 16. Other upgrades may include a slightly larger 6.3-inch display (up from the current 6.1-inch) with a 120Hz refresh rate. The smartphone is tipped to come with a 24MP camera at the front, compared to 12MP on the iPhone 16. The handset will likely run on iOS 26 that was unveiled earlier this month at the company's annual developer conference – WWDC 2025. The iPhone 17 series is rumoured to consist of iPhone 17, iPhone 17 Pro and iPhone 17 Pro Max . Apple is said to add a new iPhone model, likely to be called iPhone 17 Air. World Music Day 2025: Tech That Changed How We Listen to Music AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
3 days ago
- Business
- Time of India
Sebi eases delisting norms for PSUs with over 90% government holding
In a significant move aimed at streamlining the exit process for certain Public Sector Undertakings (PSUs), the Securities and Exchange Board of India ( Sebi ) on Wednesday introduced special measures to facilitate their voluntary delisting. The reforms were approved in the 210th Sebi board meeting and apply to PSUs—excluding banks, NBFCs, and insurance firms—where the Government of India or other PSUs hold at least 90% of the total shareholding. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The amended Sebi delisting regulations will allow eligible PSUs to delist through a fixed price mechanism. This route does away with the existing requirement of obtaining a two-thirds majority approval from public shareholders. The new framework aims to address challenges faced by PSUs with a very low public float, where market prices often do not reflect their true financial performance or value. Under the new rules, the delisting price must be at least 15% above the floor price. The floor price, in turn, must be the highest among the volume-weighted average price over the past 52 weeks, the highest acquisition price in the past 26 weeks, or a valuation determined by two independent registered valuers. To protect residual public shareholders, Sebi has also laid out a mechanism for unclaimed payments. If any eligible PSU goes for voluntary strike-off within 13 months of delisting, the money due to non-tendering shareholders will be transferred to a designated account for seven years, after which it will move to the Investor Education and Protection Fund (IEPF) or SEBI's Investor Protection and Education Fund (IPEF). Investors can still claim their dues from these funds after the transfer. Live Events Also Read: Sebi board meeting: Regulator approves PSU delisting, IPO reforms, dematerialisation of Securities. 10 key takeaways These proposals were finalised after a public consultation process in May 2025 and inputs from Sebi's Primary Markets Advisory Committee. The move is expected to make delisting easier, faster, and more cost-effective for qualifying PSUs.
Cision Canada
12-06-2025
- Business
- Cision Canada
Ballard Files Base Shelf Prospectus to Replace Existing Shelf Prospectus
VANCOUVER, BC, June 12, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has announced the filing of a final short form base shelf prospectus dated June 11 (the " Prospectus") in each of the provinces and territories of Canada together with a corresponding shelf registration statement on Form F-10 (the " Registration Statement") with the United States Securities and Exchange Commission (the " SEC"). The Prospectus qualifies the issuance of common shares, preferred shares, warrants to purchase common shares, debt securities and units comprised of one or more of any of the foregoing securities (all of the foregoing collectively, the " Securities") from time to time over a 25-month period. Ballard has filed the Prospectus and Registration Statement to maintain financial flexibility but has no present intentions to undertake an offering of Securities. There is no certainty any Securities will be offered or sold under the Prospectus and/or Registration Statement within the 25-month effective period. Should Ballard decide to offer Securities during the 25-month effective period, terms of future offerings, the intended use of the net proceeds resulting from such offerings, and the terms of the Securities to be offered, if any, will be established at the time(s) of any such offerings and will be described in a prospectus supplement filed with applicable Canadian securities regulators and/or the SEC, respectively. The Prospectus replaces Ballard's previous short form base shelf prospectus dated May 9, 2023, which expired on June 9, 2025. Copies of the Registration Statement and the Prospectus contained therein are available at and respectively. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities, in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements that describe the anticipated offering of Securities under Ballard's Prospectus and Registration Statement, the filing of a prospectus supplement and other statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Material factors that could cause actual events to differ materially from those described in such forwarding-looking statements include risks related to Ballard's condition requiring anticipated use of proceeds to change, timing of, and ability to obtain, required regulatory approvals, and general economic and regulatory changes. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements.
Yahoo
12-06-2025
- Business
- Yahoo
Ballard Files Base Shelf Prospectus to Replace Existing Shelf Prospectus
VANCOUVER, BC, June 12, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has announced the filing of a final short form base shelf prospectus dated June 11 (the "Prospectus") in each of the provinces and territories of Canada together with a corresponding shelf registration statement on Form F-10 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC"). The Prospectus qualifies the issuance of common shares, preferred shares, warrants to purchase common shares, debt securities and units comprised of one or more of any of the foregoing securities (all of the foregoing collectively, the "Securities") from time to time over a 25-month period. Ballard has filed the Prospectus and Registration Statement to maintain financial flexibility but has no present intentions to undertake an offering of Securities. There is no certainty any Securities will be offered or sold under the Prospectus and/or Registration Statement within the 25-month effective period. Should Ballard decide to offer Securities during the 25-month effective period, terms of future offerings, the intended use of the net proceeds resulting from such offerings, and the terms of the Securities to be offered, if any, will be established at the time(s) of any such offerings and will be described in a prospectus supplement filed with applicable Canadian securities regulators and/or the SEC, respectively. The Prospectus replaces Ballard's previous short form base shelf prospectus dated May 9, 2023, which expired on June 9, 2025. Copies of the Registration Statement and the Prospectus contained therein are available at and respectively. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities, in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements that describe the anticipated offering of Securities under Ballard's Prospectus and Registration Statement, the filing of a prospectus supplement and other statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Material factors that could cause actual events to differ materially from those described in such forwarding-looking statements include risks related to Ballard's condition requiring anticipated use of proceeds to change, timing of, and ability to obtain, required regulatory approvals, and general economic and regulatory changes. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements. Further InformationSumit Kundu – Investor Relations +1.604.453.3517 or investors@ View original content to download multimedia: SOURCE Ballard Power Systems Inc. View original content to download multimedia: Sign in to access your portfolio
