The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments.
'This is the Bengal story, where businesses are nurtured, dreams are realised, and legacies are built.'
Opener Mayank Agarwal stamped his authority on a struggling South African attack with a second successive hundred as India gained the upperhand on the opening day of the second Test.
He congratulated each medal winner and said they had made the country proud with their performances.
'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'
Agarwal, a real estate developer, was arrested under sections 75 and 77 of the Juvenile Justice Act, while the others were booked for allegedly serving alcohol to an underage person.
Agarwal, on Thursday, became the fourth Indian to convert his maiden Test century to a double hundred and his former state-mate Uthappa recalled how the opener has improved by leaps and bounds since Vinay gave him a vocal tonic.
World No. 1 Magnus Carlsen recorded a flawless performance, securing victories against S L Narayanan
Mayank Agarwal finally found some form going his way and Rishabh Pant mixed caution with his customary aggression as India's warm-up fixture against New Zealand XI ended in a draw, in Hamilton, on Sunday.
The BJP cited holidays before and after the election date that could lead to lower voter turnout.
Rinku Singh picked for second round as top stars leave for Test series against Bangladesh. Mayank Agarwal has been named as India A captain in Gill's place.
Openers Mayank Agarwal and Priyank Panchal struck fine half-centuries as India A registered a comfortable seven-wicket victory over the West Indies A in the second unofficial Test, in Port of Spain, on Saturday.
Jharkhand, however, could not make the knockouts from the group as Gujarat topped it with Haryana being the second team to progress. Jharkhand finished third.
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
After several losses in the early years of the new century, a resurgent India notched up two consecutive series wins in Australia to become the Aussies' nemesis.
Karnataka bowlers, led by experienced Abhimanyu Mithun (2-24), put up a spirited show to restrict Maharashtra to 155/4 despite an unbeaten 69 by all-rounder Naushad Shaikh.
The Supreme Court of India reserved its judgment on Tuesday in a case concerning the termination of two female judicial officers by the Madhya Pradesh High Court. The court had previously stated that judges should avoid social media and expressing opinions on judgments, emphasizing a "hermit life" and "work like a horse" approach. The case involves six women civil judges who were terminated for alleged unsatisfactory performance. Four were subsequently reinstated, but two, Aditi Kumar Sharma and Sarita Chaudhary, remained terminated. The court is considering the cases of these two judges, who joined the Madhya Pradesh judicial service in 2018 and 2017, respectively. The court is also considering arguments regarding potential violations of fundamental rights related to the termination process, including claims of unfair work assessment during maternity and child care leave.
Following a stampede at the Maha Kumbh that killed 30 people, the Uttar Pradesh government has stepped up security measures and crowd management efforts. Despite the tragedy, millions of devotees continue to flock to the religious gathering, undeterred by the pre-dawn chill and dense fog. Security forces are being deployed in larger numbers, and new restrictions will be imposed at key locations to prevent further incidents. The authorities are also conducting a thorough review of the arrangements in the Mela area, and several officials are being assigned to oversee operations until February 12.
The Vedanta Group is aiming to invest $20 billion across all its businesses in India over the next four years, its chairman Anil Agarwal said on Wednesday. The group will sell the steel business only at the right price, and is committed to continue running it if it does not get the right price, Agarwal told PTI on the sidelines of a company event. "At the moment, we have a plan to invest $20 billion across sectors in four years time," Agarwal said.
Gross GST collections in August grew 10 per cent to about Rs 1.75 lakh crore, reflecting higher domestic consumption. As per the government data released on Sunday, gross GST revenues from domestic transactions grew 9.2 per cent to about Rs 1.25 lakh crore. Revenues from import of goods were up 12.1 per cent to Rs 49,976 crore.
US prosecutors' case against Gautam Adani and others may stumble on the extraterritorial application of American law.
At the brand new Trishul Shooting Range in Dehradun, Haryana's Asian Games bronze medallist shooter Ramita Jindal turned in a world class performance to top the qualification round in the women's 10m air rifle event.
The para-athletes outnumbered the able-bodied ones in the list this time due to the magnificent Paris Paralympics performance in which they returned with 29 medals, including seven gold and nine silver.
Indian shooter Avani Lekhara said that she felt nice and happy after winning the gold medal at the Paris Paralympics.
A Mumbai court on Sunday remanded one of the two alleged shooters in the Baba Siddique murder case in police custody till October 21 and ordered a bone ossification test on the other after he claimed he was a minor.
All-rounder Shams Mulani starred with the ball to spearhead India A's remarkable recovery against India D on Day 1 of the Duleep Trophy match.
A judicial magistrate (first class) granted bail to the 17-year-old boy's father Vishal Agarwal, a prominent builder, and his grandfather, who were arrested in May-end and are currently in judicial custody.
'An absolute honour to meet you @patcummins30! A big fan! Wishing you and the SRH team all the best!!'
Punjab's Abhishek Sharma hammered a 96-ball 170 against Saurashtra, while Jharkhand's Utkarsh Singh's 91 fired his team to a big win against Odisha
Mayank Agarwal has impressed at the top of the order in the few Tests he has played so far, but former India captain Sourav Ganguly says he will wait and watch before calling him a first-choice opener.
The duo is being probed for their alleged role in tampering with the blood sample of the minor following the car accident on May 19 in Maharashtra's Pune city, which claimed the lives of two IT professionals.
Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.
This is Koneru Humpy's second World Rapid title after she had triumphed in the 2019 edition in Moscow.
The gross GST collection increased 8 per cent to Rs 1.74 lakh crore in June, sources said on Monday. The government, however, has discontinued the official release of monthly GST collection data, they added. Sources said the gross Goods and Services Tax (GST) collection so far this fiscal (April-June) stood at Rs 5.57 lakh crore.
India all-rounder Hardik Pandya will not be available for the league stage matches of the Vijay Hazare Trophy because of personal reasons, but he will join Baroda if they progress to the knockouts.
Who do you think should be part of India's playing XI for the fourth Test?
