NewsBizkoot.com

Tag: business

  • PowerVue Marketing’s Strategic Campaigns Lead to the Sale of Madison RV & Golf Resort

    PowerVue Marketing’s Strategic Campaigns Lead to the Sale of Madison RV & Golf Resort

    Orlando, FL, December 14, 2024 — PowerVue Marketing, an Orlando-based agency recognized for its luxury RV and hospitality marketing expertise, proudly announces its pivotal role in positioning Madison RV & Golf Resort, leading to a successful sale. Located in the heart of Madison, Florida – one of the state’s best-kept secrets and an award-winning small town – Madison RV & Golf Resort has attracted discerning luxury RV enthusiasts from across the country, thanks in part to PowerVue Marketing’s strategic marketing efforts that elevated the RV resort’s national appeal. The RV resort, which was developed by Fruitland Park, FL based Southeastern Resort Development in 2018, achieved unprecedented growth and recognition under the strategic marketing leadership of PowerVue Marketing.

    Earlier this year, Madison RV & Golf Resort renewed its partnership with PowerVue Marketing as its agency of record, entrusting the agency with enhancing its brand image and promoting its unique amenities and location. With a deep understanding of high-end hospitality, luxury RV, and outdoor recreation markets, PowerVue Marketing crafted a robust campaign to showcase the resort’s standout features, including its PGA Regulation golf course, spacious RV sites, and modern RV Resort amenities. PowerVue Marketing’s team leveraged a combination of digital advertising, targeted social media outreach, and advanced SEO techniques to draw the attention of luxury RV owners and golf enthusiasts nationwide not only to the RV park, but also Madison County, Florida as a destination.

    Former owner F. Brian Faircloth shared his appreciation for PowerVue Marketing’s strategic vision in a February 2024 press release, praising the agency’s success in aligning with the resort’s goals and propelling it to new heights. Building on these efforts, PowerVue Marketing’s latest campaign brought even more visibility to Madison RV & Golf Resort, resulting in increased occupancy, revenue and engagement, ultimately positioning it as a highly sought-after property in the region.

    “PowerVue Marketing’s has been instrumental in bringing Madison RV & Golf Resort to the attention of our ideal audience – the luxury RV and golf enthusiast,” said owner F. Brian Faircloth. He shared his gratitude for PowerVue Marketing’s work, noting, “The PowerVue Marketing team’s dedication and insight have transformed our business, helping us reach an audience that truly values what we offer here in Madison, Florida.”

    The sale of Madison RV & Golf Resort reflects the success of this targeted approach, which ultimately positioned the property as a highly desirable asset in the luxury RV resort market. “We’re incredibly proud of the growth we helped foster for Madison RV & Golf Resort,” said Jim George, Managing Director of PowerVue Marketing. “Madison, Florida is a beautiful community, and it was our privilege to share the RV resort’s unique amenities and the region’s charm with travelers. Our mission has always been to help unique destinations like Madison, Florida, achieve their full potential. The transformation of this RV and golf resort and the county’s growth as a vibrant destination have been deeply rewarding for our team. With the recent sale of the resort, we are proud to have concluded our partnership, and while the future holds many possibilities, we remain hopeful that the new ownership will continue fostering growth and promoting tourism in the region,” he said.


    Praveen

  • GoAuto Insurance Implements One Inc’s ClaimsPay and PremiumPay to Modernize Processes

    FOLSOM, Calif.— December 13, 2024 —One Inc, the leading payments network for the insurance industry, announced today that GoAuto Insurance (GoAuto), has selected One Inc’s ClaimsPay® and PremiumPay® products for a fully integrated and digitized policyholder payment experience. This integration enables GoAuto’s workflow by leveraging One Inc’s comprehensive inbound and outbound payment capability, consolidating all activities into a single platform for greater efficiency. GoAuto’s adoption of One Inc’s payment solutions mark a significant step toward providing their policyholders with seamless support throughout the entire insurance payment process.

    The Baton Rouge-based company, known for offering affordable car insurance for drivers in Louisiana, Nevada, Ohio, Texas and Alabama, chose an insurance-focused digital partner with a proven track record in modernizing the payee experience, aiming to expand payment options beyond traditional checks. In addition, the transformation is designed to enhance the overall policyholder experience.

    GoAuto customers will now have access to popular consumer platforms like Apple Pay, Google Pay, PayPal and Venmo, in addition to direct payment options. This implementation will streamline both inbound and outbound claims payments, enabling faster, more efficient premium payments and claims disbursements for GoAuto policyholders.

    “The decision to partner with One Inc was influenced by their capability to provide everything we needed in one place and continue our process of upgrading our operating systems to meet the growing demands of our policyholders,” said Dan Cummings, CEO, GoAuto Insurance. “Their platform seamlessly integrates with our existing systems, enabling us to handle both inbound premium payments and outbound claims disbursements more efficiently. One Inc’s insurance-centric approach and commitment to keeping us ahead of the market make them the ideal partner for our future growth.”

    Brad Scharf, COO, GoAuto Insurance, added: “We wanted a provider that could not only meet our immediate needs but also grow with us over time. One Inc offers the scalability and innovation required to keep us on the cutting edge of the industry without having to worry about constantly chasing modernization trends. Their proactive approach to payments—especially their leadership in virtual card and wallets—really set them apart.”

    “The partnership ensures that GoAuto can offer policyholders a modern, streamlined payment experience while staying ahead of market trends,” said Ian Drysdale, CEO, One Inc. “Digital payments offer a strong customer value proposition while giving insurers a competitive edge. As GoAuto embraces more efficient solutions, they join the tide of carriers looking to their claims technology to build a digital infrastructure that allows them to quickly adapt to evolving policyholder demands and stay ahead of competitors.”

    One Inc’s payments network includes over 780,000 vendors and processes more than $95 billion in annual payments. The company proudly serves over 250 leading carriers, MGAs and TPAs across the insurance industry.


    Rekha Nair

  • Airport Rules: How much cash can you carry while traveling in a flight? Know the rules

    Air Travel Cash Limit: Many times people get into trouble if they do not know the rules of travel in flight. Do you know that there is a limit on carrying cash in flight? Let us tell you that this limit is different for domestic flights and different for international flights.

    Flight Cash Limit Whether it is to go to another country or to travel somewhere in the own country, people often prefer to go there by flight. Because compared to other means, you can reach your destination in less time through flight. During travel, you must be taking special care of the things you carry in luggage so that nothing is left out. Or the weight of the luggage should not exceed the limit, because if the weight is more, you have to pay money. But do you know that there is a limit to how much money you can carry with you.

    – Advertisement –

    You heard it right, if you are traveling by flight and want to carry cash with you, then you can carry only limited cash in your bag. Although withdrawal facility is easily available in India and abroad, but there are many people who like to carry more cash with them for their convenience. Such people should especially know how much cash they can carry with them.

    How much cash can you take on a plane?

    According to the guidelines of the Reserve Bank of India, if you are traveling by domestic flight, you can carry a maximum of Rs 2 lakh in cash. But if you are going abroad by flight, then this rule does not apply.

    How much cash is allowed for travelling abroad?

    If you are going to visit any other country by flight except Nepal and Bhutan, then you can carry foreign currency up to $3000 with you. But if you want to carry more cash than this, then you will need stored value and travel cheques.

    What should be the weight of luggage in flight?

    Just like you can carry cash up to a limit in a flight, there is also a rule for the weight of luggage in a flight. You can carry 7 to 14 kg of weight in your handbag. The check-in baggage that you give at the counter while taking the boarding pass can weigh 20 to 30 kg. The same rule applies to international flights as well. If you want accurate information about the weight, you can check it by visiting the official website of your flight.

    What can’t you carry with you while travelling by flight?

    You cannot carry some things with you while traveling by flight. Let us tell you, carrying some things is prohibited during air travel. For example, you cannot carry chemicals like chlorine, acid, bleach with you.

    Can you carry alcohol on domestic flights?

    If you also want to know the answer to this question, then let us tell you that you can carry alcohol in your check-in bag but its quantity should not exceed 5 litres.

    Related Articles:-

    Advance Tax Deadline: Can you pay advance tax on 16 December without penalty? know here

    PPF scheme calculation: You can get more than 32 lakhs rupees by just investing 10 thousand – Check Details

    Post Office’s great scheme for the Senior Citizen, invest once and get good returns


    – Advertisement –

  • Sensex, Nifty fall more than 1% as global risks weigh on market sentiment

    Sensex and Nifty crash by 1 pc, IndusInd Bank top loser

    IANS

    Indian benchmark indices Sensex and Nifty fell more than 1 per cent on Friday. At around 10.51 a.m., the Sensex fell 1,017.03 points or 1.25 per cent to 80,272.93, while the Nifty fell 306.80 points or 1.25 per cent to 24,241.90.

    The market trend remained negative. On the National Stock Exchange (NSE), 340 stocks were trading in green, while 2,047 stocks were in red.

    The market remained in turmoil due to heavy selling by Foreign Institutional Investors, the rising US bond yields and ongoing conflicts in the Middle East. On the other hand, the decision to be taken by the Federal Reserve on interest rates on December 18 has increased concern in the market.

    Foreign institutional investors (FIIs) sold shares worth Rs 3,560.01 crore in the Indian market on December 12, while domestic institutional investors bought shares worth Rs 2,646.65 crore on the same day.

    Sensex trades lower

    IANS

    According to market experts, “In the near term, the market has a headwind and a tailwind. The headwind is the resumption of selling by the FIIs who sold stocks for Rs 3,560 crore yesterday. Given the high valuations in India FIIs are likely to sell more at every market rise.”

    “Selling has been profitable for FIIs since the dollar has been appreciating after the US election. The tailwind which can support the market is the declining inflation,” they added.

    In the Sensex pack, Tata Steel, JSW Steel, IndusInd Bank, Axis Bank, Bajaj Finserv, SBI, M&M and Bajaj Finance were the top losers.

    In the broader market, Nifty Bank was down 839.65 points or 1.58 per cent at 52,376.80, Nifty Midcap 100 index was trading at 58,082.85 after dropping 938.85 points or 1.59 per cent. Nifty Smallcap 100 index was at 19,074.70 after dropping 391.85 points or 2.01 per cent.

    On the sectoral front, heavy selling was seen in Nifty PSU Bank, metal, realty, auto, IT, pharma and FMCG sectors.

    (With inputs from IANS)

  • Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

    Zomato

    IANS

    Zomato has been hit with a tax demand notice of Rs 803 crore by the Goods and Services Tax (GST) department. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, includes GST demand and interest and penalty. The tax demand notice is primarily for not paying GST on delivery charges. The total amount of Rs 803 crore includes GST demand of Rs 401.7 crore and an equal amount in interest and penalty.

    This is not the first time Zomato has faced such a situation. Earlier this year, in January and June, the company received GST demand notices of Rs 4.2 crore and Rs 9.45 crore, respectively. In 2023, Zomato was served a GST demand notice of Rs 400 crore on delivery charges. Delivery charges are a common feature in the business models of companies like Zomato, Swiggy, and other food and quick commerce companies. These companies maintain that gig workers function as delivery partners and are paid on an order basis. The delivery charge collected from the users is given directly to the gig worker.

    However, under GST laws, the delivery charge is considered a service, as the platforms are collecting it. This has led to the possibility of levying an 18 per cent GST on delivery. Despite the tax demand, Zomato remains confident about its position. The company has stated, We believe that we have a strong case on merits, supported by the opinion of our external legal and tax advisors. The company will file an appeal against the order before the appropriate authority.

    zomato

    IANS

    In the midst of this tax controversy, Zomato has been making strides in other areas. The company recently raised over $1 billion through qualified institutions placement (QIP) of equity shares. In the second quarter of the financial year 2025, Zomato’s total income grew 68.5 per cent year-on-year to Rs 4,799 crore, from Rs 2,848 crore in the same period of the previous financial year. The company’s net profit increased 4.8 times to Rs 176 crore in the September quarter.

    Zomato is also preparing to integrate generative artificial intelligence (AI) into its range of services. The company has initiated trials with AI technology to enhance the overall customer experience. Zomato, along with its quick commerce platform Blinkit, plans to recruit engineers specializing in machine learning, data science, and natural language processing to build AI-driven products. The company has also appointed a dedicated head of AI product development to lead these endeavors. The aim is to improve the overall customer experience across both Zomato and Blinkit platforms.

    The tax demand notice has put a spotlight on the regulatory scrutiny faced by food delivery platforms regarding tax compliance. Analysts are closely watching the situation to evaluate its potential long-term impact on the company’s financial stability. Resolving this GST issue will be critical for maintaining investor confidence and ensuring smooth operations going forward.

  • Income Tax Refund increased by 46% between April and November, record more than 1.62 crore ITR processed in a day

    Income Tax Refund

    Income Tax Refund in India has increased by 46.31 percent to Rs 3.08 lakh crore between April 1, 2024 and November 27, 2024 as compared to the same period last year. This information was given by the Finance Ministry on Thursday.

    Last year, from April 1, 2023 to November 30, 2023, the Income Tax Department had issued a tax refund (ITR Refund) of Rs 2.03 lakh crore.

    – Advertisement –

    In a statement issued by the Finance Ministry, it was said that the acceleration in the refund process this year reflects the concrete efforts of the Ministry and the Central Board of Direct Taxes (CBDT) has played an important role in achieving this feat.

    The Finance Ministry in its year-end review said that 26.35 per cent of IITRs for FY 2024-25 have been settled within just one week of processing, as against 22.56 per cent during FY 2023-24. This year-on-year jump not only reflects the capacity of the system but also the active participation of taxpayers in adhering to the deadlines.
    According to data, at its peak this year, the Income Tax Return portal handled over 900 filings a second and around 70 lakh ITRs (Income Tax Returns) in a day.

    Record 1.62 crore ITRs processed in a day

    The statement further said that a record 1.62 crore ITRs have been processed in a day for the assessment year 2024-25. The highest number of 69.93 lakh ITRs were issued on 31 July 2024. As of November 22, about 8.50 crore ITRs have been submitted. This is 7.32 percent more than the ITRs submitted last year.

    “The Central Board of Direct Taxes strives for greater transparency by timely release of data and assists taxpayers through timely awareness campaigns,” the statement said.

    Related Articles:-

    Post Office’s great scheme for the Senior Citizen, invest once and get good returns

    PPF scheme calculation: You can get more than 32 lakhs rupees by just investing 10 thousand – Check Details

    Swiggy launches ‘One BLCK’ premium service, customers will get more facilities for Rs 299


    – Advertisement –

  • India’s GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26

    India's GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26

    IANS

    India’s economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.

    CareEdge Ratings said that it expects Indian government to continue on the path of fiscal consolidation and projects India’s GDP growth to remain healthy at 6.5 per cent in FY25 and 6.7 per cent in FY26.

    “We expect to see improvement in private investment in 2025, supported by anticipated monetary policy easing,” said Sachin Gupta, Chief Rating Officer and ED, CareEdge Ratings.

    The report said that CPI inflation is expected to moderate in the coming quarters. It expects food inflation to moderate, driven by a strong kharif harvest and favourable conditions for rabi sowing.

    The CPI inflation, excluding vegetable inflation, has been below 4 per cent in the last few months. The average CPI inflation is projected at 4.8 per cent in FY25 and 4.5 per cent in FY26.

    India GDP

    Reuters

    Core inflation is expected to remain benign, averaging 3.5 per cent in FY25 and 4.3 per cent in FY26. And WPI inflation is anticipated to average 2.5 per cent in FY25 and 3 per cent in FY26.

    “We can expect the economic growth in H2 FY25 to rebound, supported by the recovery in consumption and a pick-up in government capex. Healthy agriculture production and robust services sector performance will be supportive of a rebound in GDP,” said Rajani Sinha, Chief Economist, CareEdge Ratings.

    As far as government finances are concerned, net revenue collection will be aligned with the budgeted target.

    The report expects RBI to cut policy interest rate by 50-75 bps in 2025, as food inflation moderates.

    Overall, the report expected India’s current account deficit (CAD) to remain manageable at 0.9 per cent of GDP in FY25.

    On the external front, it projected merchandise exports to rise by 2.5 per cent, while, services exports projected to record a strong growth of 13 per cent in FY25.

    (With inputs from IANS)

  • Invested over Rs 6,000 crore for revival of inland waterways in 10 years: Minister

    Invested over Rs 6,000 crore for revival of inland waterways in 10 years: MinisterIANS

    The government has invested more than Rs 6,000 crore in the past decade for the revival of inland waterways as a viable alternative of cargo movement as well as improving passenger connectivity, it was informed on Friday.

    Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said during a Parliament session that the sector saw a mere investment of Rs 1,620 crore in the previous 28 years, since the inception of the Inland Waterways Authority of India (IWAI) in the year 1986.

    “Under the dynamic leadership of PM Modi, the rich interweb of waterways are being rejuvenated since 2014. Until then, our country had only 5 National Waterways. The number of National Waterways has increased to 111 now. More than Rs 6,000 crores have been invested to rejuvenate the inland waterways of the country in the last decade,” the minister informed.

    The total volume of cargo transported via these waterways increased from 18.07 million metric tonnes (MT) in 2013-14 to 132.89 million MT in 2023-24, with a compounded annual growth rate of 22.1 per cent.

    “We have set a target of 200 million MT of cargo movement via waterways by 2030. For 2047, keeping in faith in the growth of inland waterways as a viable alternative for cargo movement, we have set a target of 500 million MT, contributing meaningfully towards realising the vision of PM Modi’s Atmanirbhar Bharat,” said Sonowal.

    India has an extensive network of inland waterways comprising rivers, canals, backwaters, and creeks. Of the total navigable length of 20,236 km, 17,980 km consists of rivers, and 2,256 km is made up of canals, both suitable for mechanised craft.

    India has an extensive network of inland waterways comprising rivers, canals, backwaters, and creeksREUTERS/Shailesh Andrade

    However, freight transportation via waterways remains significantly under-utilised compared to countries like the United States, China, and those in the European Union.

    With focused development, India’s national waterways are poised to become the nation’s lifeline, facilitating efficient transportation while also evolving into vibrant hubs for recreational activities.

    “This is a remarkable step towards realising and revitalising our waterways, considered as the most economical, most environment friendly and efficient mode of transportation,” said the minister.

    The Authority is presently working towards capacity augmentation of NW 1, NW 2, NW 3 and NW 16 among other waterways by developing IWT terminals, developing fairways including end-to-end dredging contracts, night navigation facility and navigational locks, etc.

    (With inputs from IANS)

    Related

    • Rape-murder case: Bengal court convicts two; hands death penalty to one

    • Mahakumbh a divine festival of our faith, says PM Modi after launching projects worth Rs 5,500cr

    • Renukaswamy murder case: K’taka HC grants bail to actor Darshan, Pavithra Gowda

  • Income tax relief in Budget 2025: Low income taxpayers can get big relief in the upcoming budget. know details

    Tax Rule

    Budget 2025: There is not much time left for the next budget to be presented. Like every year, the next budget is likely to be presented on 1 February 2025. Therefore, preparations for the new budget have started in full swing.

    Finance Minister Nirmala Sitharaman has started discussions with stakeholders regarding this. It is expected that senior citizens and low-income taxpayers may get good news in the next budget.

    – Advertisement –

    Taxpayers with low income can get big relief

    Let us tell you that in the first budget of the third term of the Modi government, which was presented in July this year, some relief was given to the taxpayers. It is believed that in the next budget to be presented on February 1, 2025, low-income taxpayers may get a big relief.

    Under the new tax regime, taxpayers falling in the tax slab of Rs 3 lakh to Rs 7 lakh can get the benefit of tax reduction. According to a report by ET Now, the government can increase the exemption limit to more than Rs 3 lakh under the new tax regime.

    No significant change is expected for those in higher tax slabs

    The common man’s main focus in the budget is that his income should come under the tax exemption limit or he should have to pay less tax on his income. That means the next budget can bring a big relief for the lower income group. However, no special change is expected for those in the higher tax slab.

    Let us tell you that in the budget presented in July, Finance Minister Nirmala Sitharaman had given relief to the taxpayers under the new tax regime for the financial year 2024-25. She had made the annual income of Rs 7 lakh tax free by changing the tax slab. This means that if your annual income is up to Rs 7 lakh, then you will not have to pay any tax on it. In the budget presented in July, the Standard Deduction Limit was also increased from Rs 50,000 to Rs 75,000.

    Know what CII suggested

    Industry body CII (Confederation of Indian Industry) says that the government should stick to the fiscal deficit targets of 4.9% of GDP for the year 2024-25 and 4.5% for 2025-26. Let us tell you that CII works to promote India’s industry growth. He says that more aggressive targets can have a bad effect on India’s economic growth. CII Director General Chandrajit Banerjee said that India is moving ahead rapidly amid a slow global economy. Fiscal management is very important to continue moving forward in this way and for macroeconomic stability.

    Related Articles:-

    Swiggy launches ‘One BLCK’ premium service, customers will get more facilities for Rs 299

    Post Office’s great scheme for the Senior Citizen, invest once and get good returns

    PPF scheme calculation: You can get more than 32 lakhs rupees by just investing 10 thousand – Check Details


    – Advertisement –

  • Reliance Industries marching towards negative return for 1st time in last 10 years

    Reliance Industries marching towards negative return for 1st time in last 10 years

    Reliance Industries marching towards negative return for 1st time in last 10 yearsIANS

    The share of Reliance Industries Limited (RIL) has underperformed in the last three months, and India’s largest private firm stock is heading towards negative return for the first time in the last 10 years.

    RIL, which holds an 8 per cent weight in Nifty, has corrected 15 per cent in the last three months. During this period, Nifty was down by 4.9 per cent.

    RIL’s stock has declined by 2.3 per cent since the start of 2024. This is the first time since 2014 that this stock is giving negative returns on an annual basis.

    RIL’s stock has been seeing a decline since the company’s Annual General Meeting (AGM) held in August. In the AGM meeting, no timeline was given for the monetisation of Reliance Retail and Reliance Jio , due to which investors were very disappointed.

    RIL’s stock has posted a return of -2.2 percent in September, -9.8 percent in October, -3 percent in November, and -3.9 percent in December.

    Apart from this, Reliance Industries is facing heat from multiple levels. The margins of the company’s oil-gas and petrochemical business are under pressure. The operationalisation of the New Energy Business, where a large part of the capital expenditure (Capex) is invested, is running behind schedule.

    Reliance Retail

    RIL’s stock has been seeing a decline since the company’s Annual General MeetingIANS

    Meanwhile, the average revenue per user (ARPU) of the telecom business is growing at a slower pace than expected due to competition and SIM consolidation. However, the full impact of the tariff hike is yet to come.

    RIL is restructuring and consolidating the retail business and that has delayed value unlocking for shareholders.

    Apart from this, significant cash flow was expected from the capital expenditure made in the last few years, but due to global headwinds and margins pressure impact, it is below than expected and the company may need debt to fund future capital expenditure.

    (With inputs from IANS)