Coal India (CIL) plans to supply 4500 MW of carbon-free energy in a phased manner to the upcoming green ammonia facilities of AM Green. It will be through a combination of solar and wind, whose capacities CIL aims to set up on a pan-India basis, AM Green said in a statement. A formal non-binding memorandum
The stock market feels a little shaky due to the India-Pakistan tension. As geopolitical tension simmer and market volatility keeps large corporations cautious, the mainboard IPO segment has gone silent. This week again, there is no new mainboard IPO opening. But the SME market is not hitting pause. Two new SME IPOs are opening for
As the July 31 deadline for filing Income Tax Returns (ITR) for the financial year 2024-25 approaches, experts are warning taxpayers to tread carefully and avoid common pitfalls that can lead to penalties, delayed refunds, or even scrutiny by the Income Tax Department. ALSO READIncome Tax Department notifies ITR forms 1, 2, 3, 4 and
As tensions between India and Pakistan escalate, major Indian IT and global consulting firms have issued advisories urging employees in sensitive regions to work from home (WFH) and avoid non-essential travel. According to a report by Moneycontrol, several companies including HCLTech, Deloitte, EY, Tech Mahindra, and KPMG have taken precautionary measures to safeguard employees amid
Have you ever walked into shop, and seen more employees than customers? This is not uncommon. Chances are, many of these retail establishments would just be fine with half as many workers. Many of those workers would love the opportunity to earn a bit more. And perhaps some of them will soon find opportunities making
Is the charm of equity markets declining? Well, as per the recent AMFI data, the net inflows to equity mutual funds have dropped to 12-month lows, and this is the fourth consecutive month of lower inflows. The April inflows are at Rs 24,269.26 crore, down over 3% from March inflow of Rs 25,082.01 crore. Himanshu
The deal pipeline of technology stocks has been in focus. After a mixed Q4 show, April seems to be rather disappointing for the IT services players. As per the latest report by BNP Paribas, deal-wins have seen a significant slowdown in April compared to March. They further stated that most deal wins were related to
The overall markets are under pressure but there are some pockets with steady rally. While fighter jets and missiles have long dominated the narrative of border clashes, it is India’s drone fleet that is now garnering attention of both the battlefield and the stock market. As military tensions with Pakistan escalated this week, shares of
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
