Business news

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.

Feb 1, 2023

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

While this will dampen the interest of individuals to buy high value traditional insurances, it will increase the focus on term plans and pure risk covers which is good.

Feb 1, 2023

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than textiles and agriculture from 21 per cent to 13 per cent.

Feb 1, 2023

Market enthusiasm fades after a brief post-budget rally; Sensex down at 59,900, Nifty hovers around 17,700

As of 2:10 PM, Sensex is trading up nearly 300 points or 0.5% to 59,841 points, while Nifty is trading at 17,701 points, up 40 points or 0.22%, while Nifty Bank is trading up more than 500 points or 1.34% to 41,200 points

Feb 1, 2023

Budget 2023-24: No tax on personal Income up to Rs 7 lakh [Details]

A tax of 5 per cent would be levied on total income between Rs 3 lakh and Rs 6 lakh, 10 per cent tax would be imposed on income between Rs 6 lakh to Rs 9 lakh, it would be 15 per cent on income between the range of Rs 9 lakh to Rs 12 lakh.

Feb 1, 2023

Union Budget 2023: Did FM Nirmala Sitharaman meet the expectations? [key points]

In her fifth budget in the Parliament, FM Nirmala Sitharaman put the fiscal deficit 2023-24 estimate at 5.9 % of the GDP.

Feb 1, 2023

Sensex, Nifty turn flat; investors brace for Union Budget and fed's policy outcome

As of 1:15 PM, Sensex is trading down merely 16 points or 0.02% to 59,484 points, while Nifty is trading flat at 17,647 points and Nifty Bank is trading up 300 points or 0.75% to 40,688 points

Jan 31, 2023

COO Interview: William Kok, the Future of Global Infrastructure Analysis

William Kok said For carriers, cloud, and CDN companies, it's important to measure user experiences since there can be network jitter or latencies

Jan 31, 2023

10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget

Indian startup founders on Monday said that to explore a comprehensive digital India, the Union Budget for FY24 must leverage the full inherent potential of the homegrown technology industry to become champions of digitisation

Jan 30, 2023

Stock market falls sharply as Hindenburg report intensifies selling pressure on D-Street; Sensex below 59,000, Nifty around 17,500

As of 1:15 PM, Sensex is trading more than 400 points or 0.7% lower to 58,914 points, while Nifty is trading at 17,465 points, down 140 points or 0.8% and Nifty Bank is trading nearly 600 points or 1.45% lower to 39,761 points

Jan 30, 2023

Will LIC sustain net gains of Rs 27,300 crore from investments in Adani Group shares?

LIC's total investment in Adani shares has been at Rs 28,400 crore and they reached the value before the crash of last week was Rs 72,200 crore.

Jan 30, 2023

What if Adani's FPO fails? No plans to reduce price, may postpone expansion plan, says CFO

Of the total that the company is raising through the FPO, nearly ₹11,000 crore will be invested in businesses such as green hydrogen, airports and roads

Jan 30, 2023

Adani counters Hindenburg's 219-page accusations with scathing 413-page rebuttal [details]

On Sunday, Adani Group responded to unsubstantiated allegations and misleading narratives peddled by Hindenburg Research at length in an over 400-page response backed by relevant documents.

Jan 30, 2023

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, 'Make in India' high-speed trains and the completion of incomplete railway projects.

Jan 29, 2023

Bank unions defer Jan 30-31 strike

The United Forum of Bank Unions (UFBU) has deferred the two-day nationwide bank strike on January 30-31 following an understanding at the conciliation meeting held in Mumbai, said C.H.Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA).

Jan 28, 2023

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Business news

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

Market enthusiasm fades after a brief post-budget rally; Sensex down at 59,900, Nifty hovers around 17,700

Budget 2023-24: No tax on personal Income up to Rs 7 lakh [Details]

Union Budget 2023: Did FM Nirmala Sitharaman meet the expectations? [key points]

Sensex, Nifty turn flat; investors brace for Union Budget and fed's policy outcome

COO Interview: William Kok, the Future of Global Infrastructure Analysis

10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget

Stock market falls sharply as Hindenburg report intensifies selling pressure on D-Street; Sensex below 59,000, Nifty around 17,500

Will LIC sustain net gains of Rs 27,300 crore from investments in Adani Group shares?

What if Adani's FPO fails? No plans to reduce price, may postpone expansion plan, says CFO

Adani counters Hindenburg's 219-page accusations with scathing 413-page rebuttal [details]

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

Bank unions defer Jan 30-31 strike

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]