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Source: Live Mint The combined market valuation of eight of the top-10 most valued firms eroded ₹1,65,784.9 crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points,…
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint Union Minister Finance Minister Nirmala Sitharaman presented the new Income Tax Bill 2025 in the Lok Sabha on Thursday, February 2025. The proposed bill aims to eliminate intricate language in the existing Act, remove redundant and repetitive provisions, and logically reorganise sections, according to the Finance Ministry. FM Nirmala Sitharaman urged Lok…
Source: Live Mint The recently announced budget introduced significant personal finance changes impacting taxpayers and investors. One of the key updates involved Unit Linked Insurance Plans (ULIPs). It has been clarified by the Finance Ministry that if the annual premium exceeds ₹2.5 lakhs the redemption becomes subject to capital gains tax. ULIPs that are held for…
Source: Live Mint The combined market capitalization of six out of the ten most valuable companies surged by ₹1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the top gainers, aligning with the positive trend in equities. During the week, the BSE benchmark rose by 354.23 points (0.45%), while the Nifty gained…
Source: Live Mint Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax…
Source: Live Mint The big boys of the Indian IT sector plan to ramp up hiring in the next financial year (FY26), driven by green shoots in demand and signs of healthy economic growth in key Western markets. In the recently concluded December quarter, the big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced their…
Source: Live Mint I am a resident Indian promoter of an Indian private limited company that manufactures and exports antique furniture. In 2015, my company allotted a small percentage of shares to a non-resident individual who assisted in securing export orders. I am now buying back his shares in my company. Will the payment made…
Source: Live Mint Even though the December quarter (Q3FY25) earnings of domestic IT majors TCS, Infosys, HCL Tech, and Wipro were mixed, they did not bring many disappointments. This has raised hopes that the worst may be behind for the IT sector. While it might be too early to draw definitive conclusions, experts remain largely…
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
