While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
This is essential to promote investment in essential infrastructure such as Power. Any additional burden will only pass on to the end consumer.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
Friendships are not merely severed, but built over scuffles. And just about anything can stir things up -- a long-standing feud, a pointless stare, a disrupted moral stance, a fist that ricochets off a face and smacks another face in the near vicinity, observes Sreehari Nair.
Denmark have rediscovered their hunger and are starting to believe they can secure the trophy they won in spectacular fashion in 1992.
ONGC was the top loser in the Sensex pack, cracking over 16 per cent, followed by Reliance Industries, IndusInd Bank, Tata Steel, TCS, SBI, ICICI Bank and Bajaj Auto.
The earlier resolution allowing these developers to charge higher power tariffs, now stands cancelled.
"In 47 years, Joe did none of the things of which he now speaks. He will never change, just words!" Trump tweeted his first reaction to Biden's acceptance speech on Thursday.
Small- and mid-cap stocks continued facing selling pressure due to stretched valuations.
Organisers hope the anxious buildup will be forgotten when the action begins.
The entry of SoftBank-backed Ola into the electric scooter (e-scooter) segment is set to power up the overall market and perhaps fast-track the adoption of battery-operated vehicles. But for manufacturers of internal combustion engine (ICE)-powered two-wheelers, such as Bajaj Auto, Hero MotoCorp, and TVS Motor, it will be a double whammy. Not only will they have to contend with the aggressive pricing of Ola's scooter and incur a loss at each unit of the e-scooter sold, the volumes of their regular (ICE) models, too, could feel the squeeze, observed analysts. Ola is expected to price its e-scooter in the range of Rs 85,000-1.1 lakh.
Referring to Modi, Adityanath and Union Home Minister Amit Shah as 'outsiders', the farmer leader said he has no objection if they become prime ministers after winning polls from Uttarakhand or Gujarat.
India displayed its military might and vibrant cultural heritage on Rajpath on Wednesday with the grandest flypast with 75 aircraft to mark the 'Azadi ka Amrut Mahotsav' celebrations being the highlight of the 73rd Republic Day Parade, which was drastically scaled down in view of the Covid pandemic.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
Foreign investment cannot enter India through a circuitous route in sectors like multi-brand retail, atomic energy and the lottery business and will need to operate within the sectoral caps, according to new guidelines.
Mertens fell to the court and Sabalenka looked to the sky in disbelief before they embraced.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
Nifty ended flat at 5041. Realty and energy stocks were in the doldrums, while consumer durables and pharma stocks looked up.
New Zealand pace spearhead Trent Boult has recovered from a broken hand to be included in the 13-player squad to face India in the two-Test series, as selectors swung the axe following the dismal tour of Australia. Left-armer Boult broke his right hand in the Boxing Day Test against Australia in December but is fit for the first Test against India starting at the Basin Reserve in Wellington on Friday.
If Irrfan could have been our finest professor of empirical philosophy, and Nawaz is our foremost poet of that space halfway between the gutter and the stars, then Jaideep Ahlawat has to be our greatest artist-scientist, asserts Sreehari Nair.
Images from the English Premier League matches played on Saturday.
The central bank's tough new rules spell major changes in the competitive landscape for financial services audits.
An appreciating rupee, sustained buying by domestic institutional investors, fresh foreign capital inflows and encouraging start to the earnings season contributed to the uptrend
Tikait's tears galvanised people, as on Saturday a large number of farmers and other supporters came to the protest site at the Delhi-UP border from not just his home state of Uttar Pradesh but from Punjab, Rajasthan and Uttarakhand as well to show solidarity with the movement.
FutureBrand, which is a global brand transformation company, said part of Reliance's success could be attributed to Mukesh Ambani's recasting of the firm as a one-stop-shop for Indians.
The Sensex has slid 18.5 per cent from its January 2015 peak.
The combined market valuation of top nine Sensex firms advanced by a whopping Rs 1.39 lakh crore with energy majors ONGC and RIL emerging as the star performers, while TCS saw a marginal dip last week when stock market recorded life-time highs.
At present, around 12 per cent of around 190 million rural households today use LPG to meet their cooking energy needs.
Puerto Rico's Jasmine Camacho-Quinn capped a dazzling performance in the 100 metres hurdles at the Tokyo Olympics with a gold medal while Miltiadis Tentoglou of Greece won the men's long jump title in an action packed Monday morning at the Olympic Stadium
The Koodankulam atomic power project is expected to be commissioned in September, capping months of delays due to non-availability of equipment and anti-nuclear protests.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
Global investment firm Citigroup is bullish on Indian equity markets.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
New Zealand will be looking to get back to winning ways when they take on India in the first T20 International in Visakhapatnam on Saturday. Victory will also boost the morale of the side ahead of the World T20 in Sri Lanka, starting September 18. Skipper Ross Taylor feels the return of senior players Daniel Vettori, Jacob Oram and Kyle Mills will help the Black Caps get into groove.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
At end of trade on Thursday, ONGC commanded a market value of Rs 2,90,587 crore.
Reliance Industries on Tuesday became the country's most valued company, pushing IT major TCS to second spot in the domestic market capitalisation chart.
Infrastructure and real estate prominently feature as wealth destroyers.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
