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The government has tightened the wastage allowance that exporters of gold, silver, and platinum jewelry can claim at the manufacturing stage to qualify for duty-free import of raw materials. The revised norms, effective from January 1, will reduce permissible wastage across various jewelry categories, distinguishing for the first time between handmade and machine-made pieces. Announced

Broadband satellite services provider Hughes Communications expects to continue a 15-20% year-on-year growth in India. The company, which has a service distributor agreement with Bharti-owned Eutelsat OneWeb, is banking on the launch of satellite internet broadband services, satellite internet of things (IoT) solutions and capacity additions with upcoming GSAT-20 satellite launch by the Indian Space

By Neeraj Agarwala A significant update from the Central Board of Direct Taxes (CBDT) could offer salaried employees a much-needed tax break on high-value purchases. The newly introduced Form 12BAA, in alignment with Union Budget 2024 guidelines, allows employees to offset Tax Collected at Source (TCS) and Tax Deducted at Source (TDS) on non-salary income

Flexi-cap funds offer a dynamic investment strategy by allocating money across large-, mid- and small-cap stocks based on prevailing market conditions. Investing in these funds through systematic investment plans (SIPs) will help balance risk and reward, making them well-suited for volatile markets. With mid- and small-cap valuations expensive, flexi-cap funds offer a balanced approach to

India and Saudi Arabia on Friday signed a series of “actionable agreements” aimed at enhancing trade volumes and facilitating a smooth flow of investments between the two counties, an official statement said on Friday. The agreements emphasise cooperation in energy transition, digital transformation and exchange of expertise to accelerate economic growth. The agreements were signed

Collections from initial public offerings (IPOs) could hit an estimated Rs 1.3 lakh crore in Samvat 2081, topping the record mop-up of Rs 1.13 lakh crore in Samvat 2080. Available information from Prime Database reveals the IPO pipeline is a big one. While 29 companies have already received approval from the Securities and Exchange Board

The consumption story is showing signs of stress due to a decline in credit growth. But A Balasubramanian, MD, Birla Sun Life Mutual Fund, tells FE that the regulatory action by the Reserve Bank of India on non-banking financial companies and micro finance institutions was needed to ensure that the economy does not face any

Equity markets began Samvat 2081 on a positive note on Friday with benchmark indices Nifty and Sensex rising 0.4% each to close the special one-hour Muhurat trading session at 24,304.35 points and 79,724.12 points, respectively. Maintaining the trend seen in the past few years, the broader market outperformed the benchmarks. The BSE Smallcap index ended