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Source: Live Mint The Narendra Modi government announced tax cuts for the middle class in today’s Union Budget, putting about $12 billion more in their pockets, to spur consumption spending. Indians with an annual income of up to ₹12 lakh will effectively be exempt from paying income tax now as Finance Minister (FM) Nirmala Sitharaman…
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 The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the…
Source: Live Mint Shares of Jindal Steel & Power Ltd (JSPL) have surged about 15% from their recent low of ₹855 apiece seen on 13 November, outpacing the sub-4% gain in the benchmark Nifty 50 index. The outperformance is attributed to the company’s relative advantage, thanks to its greater presence in the long steel production….
Source: Live Mint Indian stock markets have delivered an impressive 13 percent year-to-date (YTD) gain in 2024, with nearly all sectoral indices recording positive performance. The realty and pharma sectors stood out, posting gains of 39 percent and 32 percent, respectively. Meanwhile, indices like Nifty IT, Nifty PSU Bank, and Nifty Auto climbed over 20…
Source: Live Mint Subsidiaries have become a significant source of growth for Indian companies, helping them de-risk a bit from their core business. According to a Mint analysis of 1,135 companies for which the past 15 years of data is available, India Inc now generates 30% of its consolidated revenue through subsidiaries, up from 20%…
Source: Business Standard Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE(Photo: Shutterstock) 2 min read Last Updated : Sep 26 2024 | 1:21 PM IST Shares of Marsons hit a new high of Rs 267.55, as they locked in 5 per cent upper circuit on the BSE on Thursday’s…
Source: Business Standard Photo Credit: Ruby Sharma 1 min read Last Updated : Sep 13 2024 | 10:34 PM IST State-run Indian Bank has raised Rs 5,000 crore through the issuance of long-term infrastructure bonds. The bank received a total of 88 bids amounting to Rs 13,680 crore against the total issue size…
