Overall market reaction to the Budget was neutral. Investors absorbed the changes to the tax rates (positive for salaried class) and capital gains taxes (CGTs, negative due to the removal of indexation and increases. Other proposals largely pertain to supporting rural development, buybacks taxed as dividends, Custom duty changes that impact multiple sectors, higher outlays for clean energy, etc. There's some moderation in the growth of capex outlay across defence, fer
The Indian Premier League governing council revealed changes ahead of the IPL mega auction, which is likely to be scheduled for November.
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.
The move by the insurance regulatory body aims to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings.
IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.
'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
A strong demand for revocation of reservation and other benefits to tribals who convert to other religions was made in the Lok Sabha on Monday.
Indian Oil Corporation (IOC) on Tuesday reported halving of its March quarter net profit largely because of losses in the petrochemical business and shrinking margin after it announced a pre-election fuel price cut despite rising input costs. The net profit of Rs 4,837.69 crore in January-March compared to Rs 10,058.69 crore a year back and Rs 8,063.39 crore in the preceding October-December quarter, according to a stock exchange filing by the company.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
Farmers should decide how much compensation is enough for them, say Parikshit Ghosh and Maitreesh Ghatak.
The ministry of labour & employment has now been mandated to seek the 12-digit unique identification number Aadhaar from people like employees and unorganised sector workers seeking registration, benefits, availing services or receiving any payment under various schemes under the Social Security Code 2020. Aadhaar would not be made mandatory for delivery of services under various social security schemes under the purview of the ministry because Social Security Code 2020 has not been fully implemented so far. The rules under the Code are finalised by the ministry but those rules are yet to be notified.
'The policy focus of the government should have been on creating more good quality jobs but that was not their focus.'
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
States are planning to pass resolutions in their legislative assemblies; however, such tactics will be used as the last resort if the Centre continues to stall allocations.
The accident occurred around 9 pm on Friday outside a tunnel near Barkhada village and people in the buses were returning from the 'Kol Mahakumbh' in Satna city, they said.
'The lack of a majority isn't the issue. He has enough in 240, especially as none of his allies can pull down his coalition.' 'That's why he's started as if this were just another, normal term. That pretence is vital for him.' 'The change for Modi 3.0 comes not from numbers, but from the new environment of contestation,' points out Shekhar Gupta.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
There are reports that the government will soon cut income taxes by about Rs 50,000 crore to boost consumption.
Prime Minister Modi, I suggest that, instead, you distribute about one lakh crore rupees per year to the 80 crore poor, which will boost both consumption and economic growth, suggests Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.
Union Agriculture Minister Arjun Munda on Tuesday said a law guaranteeing minimum support price (MSP) on crops cannot be brought in a hurry without consulting all stakeholders and urged the protesting farmer groups to have a structured discussion with the government on the issue.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Cooperative societies get more tax benefits as compared to individual house owners.
AstraZeneca has stressed that patient safety is its "highest priority" and pointed out that regulators around the world "consistently state that the benefits of vaccination outweigh the risks of extremely rare potential side effects".
Former Spanish tennis star Arantxa Sanchez Vicario has been given a suspended jail term for fraud, a court in Barcelona said on Wednesday.
The poll panel has asked state Congress chief Govind Singh Dotasra to respond to the notices by 3 pm on Thursday and 7 pm on Friday, respectively.
Air India chief Campbell Wilson on Friday said that a majority of pilots have accepted the new compensation package offered last week, amid protests by Air India pilots' unions against the revised salary structure and service conditions. The loss-making airline, which was taken over from the government by the Tata Group in January 2022, has announced a new compensation package for pilots and cabin crew. In his weekly message to Air India staff on Friday, Campbell said the airline is making investments in workplace technology and training as well as in new and improved employee benefits.
People affected by the Navi Mumbai international airport insist they be allotted developed land as compensation, not cash as the land acquisition Bill, recently cleared by Parliament
In a significant step which will enable it to engage in international nuclear commerce, India signed the Convention on Supplementary Compensation (CSC) on Wednesday, which sets parameters on a nuclear operator's financial liability, at the International Atomic Energy Agency in Vienna.
'Modi must see how we live, what we have to do to educate our children.'
InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago.
The Confederation of Indian Industry in its budget wish list has urged to government to scrap the fringe benefit tax.
The ATRs have been sought on a range of matters within four weeks, the officials said.
Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
2019 was the Bharatiya Janata Party's breakout year, when it stretched the boundaries of what was thought possible and ended up with 303 seats on its own steam. Now it is forced to play defence, on a pitch queered by too many variables, asserts Prem Panicker.
In a fresh twist to the alleged "forgery" saga, US-based Mirach has asked Sahara to make a "formal apology" for tarnishing its image.
Janardan Choudhary, a key advisor to Adani Green Energy Limited (AGEL), was named as one of the seven non-institutional members by the Union Environment Ministry when it reconstituted the Expert Appraisal Committee for hydroelectricity and river valley projects in September.
Once a quality stock has been bought, the next challenge is to hold on to it -- no mean feat in this age of information overload and incessant noise.
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