Lok Sabha approves Finance Bill, tax rules eased
The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill also allows retrospective tax case reopening and revalidation of past orders. Finance Minister Nirmala Sitharaman stated the aim is to reduce litigation and compliance burdens for small taxpayers and businesses.
India gathers data to counter US claims of excess capacity
India is compiling detailed industry data following a US Section 301 probe into alleged excess capacity in sectors like petrochemicals and steel. The commerce ministry is gathering information on production, employment, and policy support to address US concerns about practices potentially burdening American commerce.
Inflation target held at 4% for next five years
India has maintained its retail inflation target at 4 percent for the Reserve Bank of India. This decision ensures continuity and price stability amidst global economic uncertainties. The framework, set for another five years until March 2031, obligates the RBI to manage monetary policy for price control. This move influences government fiscal measures, aiming for […]
Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution
A new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code. The proposed changes focus on creditor-led, out-of-court settlements. This aims to reduce delays and improve the process for resolving insolvent companies. The bill also addresses cross-border and corporate group insolvency cases.
Bulk deals: Mukul Agrawal sells stake in microcap laggard; Societe General buys Rs 76 crore stake in Sammaan Capital
French bank Societe Generale has acquired shares worth Rs 76 crore in Sammaan Capital. This comes as Abu Dhabi’s International Holding Company plans a controlling stake acquisition. In a separate transaction, investor Mukul Agrawal sold shares valued at Rs 8 crore in Siyaram Recycling Industries. Sammaan Capital’s stock has shown strong performance over the past […]
Dividend alert! TVS Holdings announces Rs 86 interim dividend; check record date
TVS Holdings has declared an interim dividend of Rs 86 per equity share, amounting to a 1,720% payout on its 2.02 crore shares. The record date for this dividend is April 2, with payments expected within 30 days. The company also raised Rs 650 crore through non-convertible debentures.
Attractive valuations emerging, but oil prices hold the key: Aman Chowhan
Indian equities are experiencing a sharp correction due to geopolitical tensions, with valuations becoming attractive. However, elevated oil prices and conflict duration pose significant risks, potentially impacting trade deficits and currencies. Investors are advised to focus on reasonably valued stocks, with engineering, EPC, and IT midcaps showing promise.
RPSG shares rocket 20% after RCB’s Rs 16,600 crore deal lifts valuation benchmark for IPL teams
Shares of RPSG Ventures rose sharply after United Spirits sold the Royal Challengers Bengaluru franchise for Rs 16,600 crore, setting a new benchmark for IPL valuations. The record deal has lifted sentiment for listed franchise owners, including RPSG’s Lucknow SuperGiants stake.
“Bottom likely in place”: Rohit Srivastava bets on near-term market upside
Indian markets are experiencing a strong rally, sparking optimism. Technical indicators suggest a possible shift in momentum. Experts believe a short-term bottom may have formed, creating favorable risk-reward for buyers. Banking stocks are also showing strength. While real estate has seen gains, its long-term outlook remains uncertain. The market appears poised for further upside in […]
Vivid Electromech IPO: Check price band, GMP, other details
Vivid Electromech’s IPO, aiming to raise Rs 130.54 crore, opened for subscription on Wednesday. The company plans to utilize funds for a new manufacturing unit, debt repayment, and working capital. The issue includes both fresh equity and an offer for sale by promoters. Grey market indicators suggest a flat listing.