The Indian stock market ended Monday on a positive note, with both the Sensex and Nifty closing higher. The Sensex finished at 80,604.08, rising by 0.93%, while the Nifty wrapped up at 24,585.05, also up 0.91%. Banking stocks joined the rally as the Nifty Bank gained 0.78%, closing at 55,432.65. Let’s dive into the key
The government is going to introduce a new revised Income Tax Bill in the Lok Sabha on August 11, which will include many important changes compared to the old bill. The original bill introduced in February this year was sent to the Select Committee of Parliament for review. Now the government will introduce a revised
Tata Motors is hoping for the completion demerger of its commercial vehicles business by October 1. In an exchange filing, containing Q1 results, Tata Motors said that the final hearing for the scheme of demerger was concluded by the National Company Law Tribunal on August 8, and an order is reserved. PB Balaji, Group Chief
The initial public offer of JSW Cement Ltd got subscribed 56 per cent on the second day of bidding on Friday. The initial share sale received bids for 10,19,35,638 shares against 18,12,94,964 shares on offer, according to NSE data. Categorywise subscription Retail Individual Investors (RIIs) part fetched 72 per cent subscription, while the category for
India’s leading IT company Tata Consultancy Services (TCS) has recently announced plans to reduce its workforce by 2%. This figure indicates the loss of more than 12,000 jobs. The IT bellwether’s move has created a wave of concern not only in the Indian IT sector but in the corporate world as a whole. The company
US-based data analytics firm Cloudera has partnered with India’s Krutrim, an AI venture founded by Ola’s co-founder Bhavish Aggarwal, to provide large-scale AI and data analytics solutions to Krutrim’s clients. The deal, announced at Cloudera’s EVOLVE25 conference in Singapore, will see the company’s data and AI stack powering critical workloads on Krutrim Cloud, starting with
Indian equity markets closed the session on a positive note, recovering sharply from the day’s low in the last hour of the trade after the US President Donald Trump imposed additional 25% tariffs on Indian imports. The Nifty 50 closed the session over 22 points higher, ending just below 24,600, and the Sensex closed the
Realty major Nimbus Group has announced an investment of Rs 1,100 crore to develop Arista Luxe Phase II, a premium residential project located in Sector 168, Noida. The development, formerly stalled, is being revived under the Legacy Stalled Projects Scheme with formal approval from the New Okhla Industrial Development Authority (NOIDA), the Noida-based real estate
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
