Jyotivardhan Jaipuria

With the economy likely to grow at a nominal growth of between 15-16 per cent, the tax revenue increase of 16.7 per cent appears fairly achievable

Budget is a bold gambit with focus on growth without any increase in taxes

Business Standard

Jaitley

Beyond a point, investors will get used to paying 10% as LTCG. Logically, the finance minister should have made Securities Transaction tax (STT) as a cost

With Budget 2018 over,  markets will now consolidate and remain range-bound

Many brokerages have raised their Sensex target to 30,000 by the financial year end

What should investors do in this market?

We believe the markets will continue to go higher through the year and should give another 11% return by the year end, with the Sensex touching 27,000 levels

Equity outlook: Indian equities to be re-rated

Mumbai (Maharashtra) [India], December 23: Dun  &amp;  Bradstreet India, a global leader in business decisioning data and analytics, has announced today that it has partnered with the Northeastern Regional Agricultural Marketing Corporation (NERAMAC) to issue D-U-N-S® Numbers to Farmer Production Organizations (FPOs) in the North Eastern region of India. 

Dun  &amp;  Bradstreet India and NERAMAC sign MOU to foster MSME exporters\' growth in India

New Delhi [India], December 23: In the world of modern healthcare, where expertise and empathy are as important as technology, Dr. Alka stands tall as a symbol of competence, compassion and innovation in fertility treatment. As the visionary behind Alka IVF Shree Kanak Hospital, her journey is a testament to relentless perseverance, cutting-edge medical solutions and a deep-rooted commitment to helping couples experience the joy of parenthood.

Alka IVF Shree Kanak Hospital: A Beacon of Hope for Infertility Patients in India

Nagpur (Maharashtra)/ New Delhi [India], December 23: Following the United Nations Assembly's declaration, supported by India, to celebrate the 1st World Meditation Day on December 21, 2024, Nagpur-based startup Habuild made history with a groundbreaking achievement. Known for promoting consistency in wellness habits, The habit-building wellness platform, Habuild set a new World Record by hosting the largest virtual meditation session. An impressive 2,87,711 people joined Habuild in this remarkable event, meditating together and honoring the spirit of this historic day.

Habuild Sets a World Record by Doing Meditation with 2,87,711 People on First World Meditation Day

Nissan Motor India declined to comment on the matter. Honda Cars India too did not comment

Honda logo

ReNew Energy Global Plc (ReNew) on Monday said it has signed an agreement with Anzen to sell entire stake in its wholly owned subsidiary RSWPL at an enterprise value of USD 176 million.
Under the agreement, ReNew Private will sell 100 per cent shareholding and economic interest in ReNew Sun Waves Pvt Ltd (RSWPL), which houses a 300 MW operating solar asset to Anzen India Energy Yield Plus Trust (Anzen).
In a regulatory filing, ReNew said it "announces the signing of definitive agreement to sell RSWPL to Anzen. The transaction is expected to close post completion of contractual obligations and conditions precedent including receipt of lender approval".
The enterprise value determined under the agreement is USD 176 million, subject to net current assets and other such adjustments as provided in the definitive documents.
Additionally, USD 17 million is expected to be received as an earn-out on account of change in law proceeds pertaining to increase in basic customs duty (BCD), safegu

Energy, Solar energy, Wind Energy

Markets Today LIVE: Indian benchmark equity indices were likely headed for a strong start, after lower-than-expected core inflation reading in the US boosted Wall Street shares there

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

Latest news updates: Catch the latest news developments here

Shyam Benegal, Indian director and screenwriter at International Film Festival of Kerala 2016

The telecom department has ordered operators to play cyber crime awareness caller tune 8-10 times per day to telephone subscribers for three months.
According to the order copy sent to the telecom operators, the caller tunes will be provided by the Indian Cybercrime Coordination Centre (I4C) -- a cyber crime wing under the Home Ministry.
"In order to make the public aware about cybercrime through the caller tune campaign, it has been decided to play caller tune audios through pre-call announcement/ring back tone arrangement, which will be provided to TSPs by nodal officers of I4C. Caller tunes to a subscriber may be played about 8-10 times a day," the order dated December 18 said.
The order asked telecom service providers (TSPs) to immediately take action on the order.
"Different caller tunes related to cybercrime will be provided on a weekly basis for a period of three months," the order said.
There has been a rise in the incidence of financial fraud through new scams like digita

Almost half of all organisations in India say they have experienced cyber fraud during and after the pandemic. Technology, media and communication, financial services, and manufacturing are the most affected sectors, according to the ‘Financial and C

Markets regulator Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier.
This is aimed at streamlining the process, reducing timelines, and enhancing investor protection while simplifying compliance for AMCs.
Earlier, AMCs had to upload draft Scheme Information Documents (SIDs) on Sebi's website for 21 working days to receive public comments.
Over time, the regulator has standardised and updated the format and content of SIDs to improve investor communication.
In its circular, Sebi said the requirement to upload draft SIDs on the regulator's website has been reduced to 8 working days.
AMCs can file final offer documents (SID and KIM) after this period.
These changes are effective immediately, the Securities and Exchange Board of India (Sebi) said.

Sebi likely to tighten norms for SME listing, widen UPSI definition

The committee will have 27 members from the Lok Sabha and 12 from the Rajya Sabha

(From Left) Congress MP Priyanka Gandhi Vadra, DMK MP Kanimozhi, Samajwadi Party MPs Dimple Yadav, Jaya Bachchan and others during protest against Home Minister Amit Shah over his remarks on B R Ambedkar in New Delhi on Friday. 	(Photo: PTI)

Emphasising the need for more central funding, Kerala on Friday demanded a special package of Rs 24,000 crore to tide over the state's liquidity stress as well as Rs 2,000 crore for relief works at Wayanad, which was devastated by landslides earlier this year.
In a pre-Budget meeting here, Kerala Finance Minister K N Balagopal also sought continuation of the GST (goods and services tax) compensation scheme to states until systemic issues are fully corrected and the original promise of GST revenue is attained.
Union Finance Minister Nirmala Sitharaman, finance ministers from other states and senior officials, among others, were present in the meeting.
"We reiterate our demand for a special package of Rs 24,000 crore to tide over the current liquidity stress by scheduling it over a period of two years from 2025-26," Balagopal said.
Citing that substantial resources are required for relief works in Wayanad, he urged the government to provide a special package of Rs 2,000 crore in the

Concerned that aggressive fiscal consolidation could hinder growth momentum while private capital expenditure remains sluggish, the government is expected to set the fiscal deficit target at 4.4 per cent of gross domestic product (GDP) for FY26 in th

Against the rate of Rs 3,100 per sq meter, the CM announced that the rate would be Rs 4,300 per sq meter

A view of the Jewar airport’s passenger terminal that is under construction

A view of the Jewar airport's passenger terminal that is under construction

Delhiites continued to breathe toxic air as the air quality on Friday remained in the severe category, with the 24-hour average Air Quality Index (AQI) of 429.
The predominant pollutant was PM2.5, the fine particulate matter that poses serious health risks, as they can penetrate deep into the lungs and enter the bloodstream.
Of the 36 monitoring stations across the city, 14 reported air quality in the 'Severe Plus' category, with AQI readings above 450.
The remaining stations recorded AQI levels in the 'Severe' range, between 401 and 450.
These levels signify a significant deterioration in air quality, which is considered life-threatening for vulnerable populations such as children, the elderly, and those with respiratory or heart conditions.
The maximum temperature on Friday was 23 degrees Celsius, slightly warmer than the usual for this time of year.
The day started with a cool, misty morning and high humidity, which fluctuated between 95 per cent and 71 per cent throughout the

Flagging delay in implementation of stricter measures for checking the alarming rise in pollution, the Supreme Court on Monday asked states adjoining the Delhi-National Capital Region (NCR) to immediately set up teams to enforce graded response actio

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

The incident occurred on December 18, when the Indian Navy lost control while undertaking engine trials in Mumbai Harbour due to an engine malfunction

Mumbai ferry collision

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime of popcorn.
"Ready-to-eat popcorn", which is mixed with salt and spices, and has the essential character of namkeens currently attracts a 5 per cent GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12 per cent GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.

Just before the clock strikes midnight, a world of cinema opens at TIFF

Mr Powell brought to Wednesday's press conference details from 2018 Fed research that suggested looking past tariff-induced inflation