New Delhi: The new income tax bill, to be introduced in Parliament next week, will not have long sentences, provisos and explanations, Finance Secretary Tuhin Kanta Pandey said on Thursday.

The new bill, which will replace the six-decade-old Income Tax Act, is likely to be discussed at the Cabinet meeting on Friday, sources said.

The new bill, which was announced by Finance Minister Nirmala Sitharaman in her Budget speech, will also incorporate the changes made in income tax rates, slabs and in TDS provisions made in the Budget for 2025-26.

“When you see next week a new income tax Bill, you will see a very different Bill. The way we write laws is undergoing a change. You will see very less of those long sentences you will not see probably the proviso, explanations..,” Pandey said at a PHD Chambers event here.

Pandey said the new bill will not put any new taxes, or any new burden.

“We are also not changing policy in a big way. We do not want to create any unstable situation,” Pandey added.

The new law would be simple. “Laws are not supposed to be meant for only legal professionals. It is for citizens to understand,” Pandey added.

The new income tax bill, which will replace the Income Tax Act, 1961, has been drafted within 6 months and efforts have been made to simplify the language to help taxpayers understand. Also, the new law has been made concise, removing old provisions thereby making it less bulky.

New Delhi, Feb 6: Food-tech giant Zomato on Thursday officially changed the company’s name to Eternal, following an approval from its board.

In a stock exchange filing, the online food aggregator said that when we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app.

“We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there,” said Deependra Goyal, Co-founder of Zomato.

The group CEO added that “we would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd”.

Despite the name change, the Zomato app will continue to operate under its existing name. However, the company’s stock ticker will now be updated from Zomato to Eternal.

Eternal will serve as the umbrella brand for four major businesses — Zomato, Blinkit, District and Hyperpure.

These divisions represent the company’s growing presence in food delivery, quick commerce, dining services, and supply chain solutions.

Meanwhile, the online food delivery giant clocked a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in Q3 from Rs 176 crore in the same period last fiscal.

However, the company’s revenue from operations increased by 64 per cent to Rs 5,404 crore in the latest quarter earnings announced on January 20.

The expenses of the Gurugram-based food giant rose to Rs 5,533 crore.

In a letter to shareholders on January 20, the company shared updates on its progress and expansion plans, stating that it aims to open 1,000 new Blinkit stores by December this year.

This announcement was made along with the financial results for Q3 ended on December 31, 2024.

JSW MG Motor India has launched the 2025 editions of the MG Astor, now enhanced with a range of new features across its Shine and Select variants. The Shine variant now comes equipped with a panoramic sunroof and six speakers, making it the only SUV in its segment to offer a panoramic sunroof under Rs 12.5 lakh.

Additionally, the Select variant steps up the comfort and safety with six airbags and premium ivory leatherette seats. The 2025 MG Astor, touted as India’s first AI-enabled SUV, will be available in multiple variants – Sprint, Shine, Select, Sharp Pro, and Savvy Pro – starting at a competitive price of Rs 9.99 lakh ex-showroom.

The base Sprint variant with the 5MT option is priced at Rs 9.99 lakh, while the Shine variant is available for Rs 12.47 lakh. The Select variant, offering a higher level of features, is priced at Rs 13.81 lakh, and the Sharp Pro is priced at Rs 15.20 lakh. For those preferring an automatic transmission, the VTi-TECH 8CVT variants are available, with the Select variant priced at Rs 14.84 lakh, the Sharp Pro at Rs 16.48 lakh, and the top-tier Savvy Pro available for Rs 17.45 lakh in Ivory and Rs 17.55 lakh in Sangria Red. This expanded powertrain range provides more options for customers, further elevating the Astor’s appeal as a versatile and feature-packed SUV.

2025 MG Astor is also equipped with 14 Autonomous Level 2 features, powered by mid-range radars and a multi-purpose camera, enabling a range of advanced driver-assistance systems (ADAS). Safety is a top priority with over 50 features built into the vehicle, while the premium interiors and panoramic sunroof ensure maximum comfort on every drive. The 2025 edition of the Astor is available with three powertrain options: a 1.5 L MT, 1.5 L CVT, and a 1.3 Turbo AT, giving customers more flexibility in choosing the perfect setup for their needs.

MG Astor 2025 is packed with a range of innovative features designed to enhance convenience and security. The SUV comes with ventilated seats in the front row, a wireless charger, and seamless connectivity through wireless Android Auto and Apple CarPlay. An auto-dimming IRVM adds to the safety, while the upgraded i-SMART 2.0 system, with its Advanced User Interface, provides a smarter and more intuitive driving experience. The Astor is equipped with over 80 connected features, including the JIO Voice Recognition system, which allows users to access real-time information such as weather, cricket updates, news, and more using voice commands. For added security, the vehicle offers Anti-Theft protection and Digital Key functionality, ensuring peace of mind even in areas with no network connection.