TDS now applicable at 2% for pay out above 1 Lac and above

For everybody who has taken a life insurance, please note:

As per Finance Act 2014, TDS at 2% will apply on life insurance policies, if the total payouts received across all your policies in FY 2014-15 is Rs.1 lakh and above. If the PAN details are not updated on the policy, TDS at 20% will be deducted.

This will apply if you receive payouts of Rs. 1 lakh and above across all the policies in a financial year.

TVS Motors launches new scooty Zest 110. No impact on stock

TVS Motors has launched a new scooty called "Zest 110" priced in 40-43K range.

The stock likely to react sentimentally on the news but should not help the company grow its sales as this range already has ample variety by all two-wheeler manufacturers.

Don't trade, riding Zest 110 else you may fall.