Prime Minister Narendra Modi, while addressing the nation from the Red Fort on the occasion of the 79th Independence Day on Friday, promised next-generation GST (Goods and Services Tax) reforms ahead of Diwali, calling it a major gift to the people during the festive season. The government has proposed to change the slabs of the
The government has prepared a Rs 47,000 crore capital expenditure (capex) plan to bolster BSNL’s nationwide network, the Department of Telecommunications (DoT) said on Thursday. The investment will focus on expanding and upgrading 4G and 5G capabilities, modernising switching centers and transmission systems, improving last-mile connectivity and enhancing service quality for both urban and rural
A question that investors on Dalal Street are increasingly asking – has the red-hot sales growth for leading retail chains showing signs of cooling off? The above development comes at a time with consumers increasingly turning cautious — several sectors including the IT, diamond and textiles have been facing a rather difficult operating environment amidst the
In the world of investing, you will probably find only a handful of people who have managed to achieve ‘legend’ status. Warren Buffett is one of them. 94-year-old Buffett, who now has a personal fortune of over $140 billion, transformed investing into an art and discipline. His ideas – which he has shared over the
IKEA has opened its first store in the national capital, a 15,000 sq ft space in west Delhi’s Pacific Mall, as the Swedish home-furnishings giant accelerates its push into high-footfall urban locations. ALSO READFrom Taj to Ginger: Inside Indian Hotels’ Rs 204 crore mid-scale play Part of a wider omnichannel push The move follows the
Capital markets regulator SEBI has banned Dewan Housing Finance Corporation Ltd’s former Chairman and Managing Director, Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the stock markets for up to five years and slapped a penalty of Rs 120 crore on them for diverting funds and fabricating books. They have also been barred from
The Reserve Bank of India has announced Sovereign Gold Bonds (SGB) 2019-20 Series-IX and 2020-21 Series-V premature redemption date. The investors can opt for premature redemption on August 11, at Rs 10,070 per unit. The maturity period of SGBs is 8 years. The early redemption is allowed only after the fifth year from the date
The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
Indian equity benchmarks closed Monday’s session on a positive note. However, the benchmarks gave up the intra-day gains during closing. The Nifty 50 closed the session 32 points or 0.13% higher at 24,773, and the Sensex surged 75 points or 0.09% to end at 80,787. Similarly, the Nifty Bank was in line with the overall
Individuals should consider investing in flexi-cap funds as they are more resilient in volatile markets. The flexibility of fund managers to allocate money across market capitalisation helps them to generate alpha consistently in these funds. The appeal of flexi-cap funds is growing. In the first half of this year, about Rs 31,500 crore has flowed
India Inc’s revenue growth is expected to improve by 100-200 basis points in FY26 compared with FY25 as the government’s GST rationalisation feeds into consumption, according to analysts and brokerages. Revenue growth for FY25 was around 5%. With GST cuts taking effect from September 22, brokerages including Motilal Oswal, JM Financial and Kotak now peg
