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Source: Live Mint Foreign portfolio investors (FPIs) gave a thumbs-down to the budget at Saturday’s special session, selling a provisional ₹1327.09 crore worth of shares, even as domestic institutional investors net purchased equities worth ₹824.38 crore. The Nifty ended down 0.11% at 23482.15 while the Sensex ended up a mere 0.01% higher at 77505.96. The…
Source: Live Mint The Union Budget provided a major relief to middle-class taxpayers as Finance Minister Nirmala Sitharaman raised the income tax exemption limit to ₹12 lakh. According to stock market analysts, this move could increase the disposable income in the hands of the middle class, which could flow into the stock markets, providing further…
Source: Live Mint The Union Budget 2025-26 did not introduce any significant relief for cryptocurrency investors, maintaining the 30 per cent tax on crypto gains and the 1 per cent TDS on transactions. However, Finance Minister Nirmala Sitharaman proposed an amendment to the Income Tax Act, mandating that a designated reporting entity disclose transaction details…
Source: Live Mint This means that AIF income, previously treated as business income, will now be considered capital gains. While capital gains are taxed at 12.5%, the highest business income tax slab is 30%. The amendment is significant given that, according to data from the Securities and Exchange Board of India (Sebi), more than 1,400…
Source: Live Mint Budget 2025-26 has placed emphasis on the backward integration of India’s electronic goods value chain and other capital-goods industries with a reduction in basic customs duty on components. Among the proposals are a reduction in the duty on open cells for television panels from 10%-15% to 5% and parts of open cells…
Source: Live Mint Upcoming IPO: Ken Enterprises Ltd IPO will open for subscription on Wednesday, February 5, and close on Friday, February 7. Ken Enterprises IPO price band has been fixed at ₹94 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,200 equity shares and in…
Source: Live Mint Budget 2025: Pharma stocks experienced a mixed trading session on Saturday following Finance Minister Nirmala Sitharaman’s declaration of exemptions from basic customs duty (BCD) for 36 essential medications. Additionally, six life-saving drugs will only incur a reduced duty rate. “I propose to add 36 lifesaving drugs and medicines to the list of…
Source: Live Mint Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government…
Source: Live Mint Budget 2025: Shares of fisheries stocks surged despite the overall weakness in the broader market on Saturday, February 1 . This positive momentum came after Finance Minister Nirmala Sitharaman made significant announcements aimed at boosting the fisheries sector in the Union Budget. Stocks Mukka Proteins saw a remarkable intra-day surge of over…
Source: Live Mint Shares of ITDC, ITC Hotels, and Lemon Tree rose by up to 8% on February 1, following the Finance Minister’s announcement of measures to enhance the tourism sector in the Budget speech. Read Full Article
