The GST Council’s decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward. The council recently clarified that vouchers will not attract GST, as they are neither a supply of goods nor services. This resolves a long-standing
Bengaluru-based IndiQube, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise Rs 850 crore. The offer consists of Rs 750 crore of fresh issue of shares while the offer-of-sale component is up to Rs 100 crore. Bengaluru-based IndiQube, a provider of co-working
In anticipation of the US going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market. As part of the strategy, the apex body of export promotion councils has identified five sectors where emerging opportunities can be captured within
By Surender Negi food delivery major Swiggy plans to have at least 100,000 female delivery partners by 2030, according to company MD and group CEO Sriharsha Majety. Majety, while speaking at an event at the NSE headquarters on Tuesday, added that more women delivery partners on the road is a positive signal. Swiggy has joined
India’s mining industry took a long stride this year supported by government policies in the critical minerals mining as it intends to boost domestic production, reducing dependency on imports and helping in realising the renewable energy targets. The government also has been encouraging companies for overseas exploration and production of critical minerals and rare earth
A Parliamentary Committee has highlighted the poor response to the government’s contributory pension scheme for unorganised workers — Pradhan Mantri Shram Yogi Maandhan Yojana (PM-SMY). Banasree Purkayastha looks at the reasons behind it & how it can be made more popular Also ReadGet more interest money on EPF claim; interest will be paid up to
Crores of depositors who invested their hard-earned money with Sahara India are eagerly waiting for a refund, even after more than a year has passed since the launch of the CRCS-Sahara refund portal on July 18, 2023. This was done following a Supreme Court order to facilitate the repayment of money to Sahara depositors who
Shares of Tata group companies rose on Tuesday after reports suggested that the salt-to-software conglomerate has begun the groundwork to list its financial services arm, Tata Capital, through an initial public offering (IPO) of $2 billion or around Rs 17,000 crore. The IPO is expected to happen before September 2025 ― the deadline for meeting
Do you want a mutual fund scheme that gives you regular income along with investment? If yes, then dividend yield mutual funds can be the right choice for you. These funds invest in companies that give a part of their profits to investors in the form of dividends. That is, you get not only capital
The brokerage firm, Nuvama Institutional Equities, slashed the target price on BSE by almost 30% to Rs 5,160 from Rs 7,250. The cut in target price came after NSE shifted its index option expiry day to Monday from Thursday, a day ahead of Sensex’s index option expiry. It also cut the net profit estimates by
Zee Entertainment Enterprises (ZEEL) is back in the spotlight after its promoters increased their stake in the company. According to the brokerage, Nuvama, the company’s subscription revenue continues to rise steadily, while advertisement revenue is expected to recover in the coming quarters. The brokerage has maintained a ‘Buy’ rating for the stock. Let’s break it
The markets ended on a negative note with the the Nifty closing below 22,500 but that it’s not all doom and gloom, While the pain continues in the mid and small caps continue, there are select stocks with attractive valuations at the moment. Nuvama Institutional Equities has listed out three stocks that offer significant upside
India’s real estate landscape is constantly evolving, and this transformation has accelerated in recent years. With growing interest in luxury living and shifting priorities post-pandemic, homebuyers are increasingly drawn to sustainable lifestyles, spacious designs, and premium amenities under one roof. Trust in new projects is rising significantly, thanks to stricter regulatory oversight by state RERA
