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By Author
Published on July 31, 2023
ClearTax, the leading SaaS platform for Chartered Accountants and Tax Experts in India, has recently announced strategic partnerships for the upcoming Income Tax Return (ITR) season with OYO and several other players across various industries. The objective behind these collaborations is to provide Human Resource departments with a comprehensive range of employee benefit programs and resources, assisting employees in resolving their compliance and tax-related concerns effectively.
These partnerships extend to some of the biggest employers in diverse sectors, including travel and hospitality, IT, healthcare, pharma, retail, e-commerce, and consulting firms. Approximately 70 lakh employees have already reaped the benefits of this collaboration, representing a notable 25% increase from the previous year.
ClearTax offers exclusive discounts and customized ITR filing services tailored to each company's requirements, ensuring cost-effective and efficient solutions for their employees' tax filing needs. To facilitate seamless communication and awareness, informative sessions are conducted through help desks, webinars, engaging content, and dedicated live chat support.
A team of dedicated Relationship Managers is available round the clock to address any employee queries or concerns, ensuring a smooth and hassle-free tax filing experience for everyone involved.
In addition to the primary services, ClearTax has introduced innovative features such as RSUs (Restricted Stock Units) and ESOP (Employee Stock Ownership Plan) tax management, catering to employees' needs during the exercise of stock options. This streamlines the process and ensures accurate tax calculations.
Recognizing the significance of personalized assistance, ClearTax now offers a CA (Chartered Accountant) assisted plan, garnering significant interest from HR departments. This plan provides comprehensive tax filing, savings, and advisory services to senior employees, offering them expert guidance and support throughout the tax filing process.
Archit Gupta, Founder and CEO of ClearTax, stated, "ClearTax's extensive network of partnerships covers a large number of corporate organizations. We are now catering to diverse needs of employees working in multinational and global organizations and provide specialized services for various types of incomes and tax returns including NRI (Non-Resident Indian) filing. We want to empower employees and organizations so they can navigate tax complexities with ease and confidence. These strategic partnerships have established ClearTax as the go-to solution for corporate HRs seeking comprehensive tax-related services for their employees."
ClearTax's ITR filing product offers several convenient features, including data pre-fill, autofetch of transactions, auto computation for capital gains, cryptocurrency-related reporting, and tax filing. It simplifies complex tax terms and provides tax tips for users to optimize their taxes effectively. Users can complete their entire income tax filing process on ClearTax, including filing, verification, return status check, refund status check, and more.
With ClearTax's user-friendly platform and commitment to providing top-notch services, it has become a trusted partner for employees and corporate HRs alike, simplifying the tax filing process and empowering individuals to handle their taxes efficiently.
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By Manu Vardhan Kannan
Published on August 18, 2025
Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.
ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.
Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.
Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,
"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."
ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.
Published on August 10, 2025
Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.
Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.
Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.
Published on August 4, 2025
In what was intended to be a smooth digital transformation, postal services across the Chennai Circle continue to remain disrupted even days after a scheduled upgrade to India Post's new IT 2.0 system. The software transition—part of a broader effort to modernize the nation’s postal network—was implemented on August 2nd and 4th across Chennai North and South divisions. However, officials have now confirmed that technical issues still persist, leaving customers and businesses grappling with delayed or inaccessible services.
Key services such as Speed Post, registered mail, parcel bookings, and money orders have either been significantly slowed or paused altogether in many branches. Despite expectations that systems would normalize post-upgrade, the rollout of the Advanced Postal Technology (APT) system has proven more complex than anticipated.
“We are still working on stabilizing the system. There have been unforeseen glitches post-upgrade, and our teams are actively resolving them,” said a senior postal official who requested anonymity.
The disruption has raised concerns across industries—including the hospitality sector—where timely document dispatch, license renewals, vendor payments, and customer correspondence are crucial to daily operations.
Experts and industry stakeholders are now calling on India Post to introduce alternative operational strategies or backup mechanisms during such large-scale transitions.
“In a digital age where seamless service is non-negotiable, a complete blackout due to a software update is avoidable. A fallback process, whether manual or cloud-based, should be in place to ensure continuity,” said a Chennai-based hospitality consultant.
The hospitality industry relies heavily on postal services for legal documentation, international communication, and procurement logistics. The ongoing delays have caused bottlenecks not just in operations but also in customer experience delivery.
As authorities continue to work toward a resolution, the broader question remains: Should India’s essential public infrastructure be this vulnerable to a single system upgrade? The answer may lie in future-proofing core services with hybrid digital models that include disaster recovery plans and parallel systems.
Hospitalitynews.in will continue to track updates as the situation evolves.
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