Torrent Power reported a 24.7 per cent YoY profit decline in the first quarter of FY26. The company posted a profit (attributed to owners of the company) of Rs 731.44 crore in Q1FY26. In the same quarter of FY25, the power company’s profit stood at Rs 972.24 crore.Furthermore, Torrent Power’s revenue also slipped by 12.48
Indian equity markets closed the session on a negative note. The Nifty 50 closed the session over 70 points lower, ending at 24,650, and the Sensex closed the day more than 300 points or 0.38% lower at 80,700. The Nifty Bank settled 260 points or 0.47% lower at 55,360. In line with the overall bearish
ITR Filing news: With ITR filing date extended to September 15, you now have more time to decide between old and new tax regimes. Salaried employees or pensioners without business income can change tax regime every year before filing ITR by simply selecting the option in ITR-1 or ITR-2. ALSO READTired of high rents and
Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore
Equity markets this week will turn their focus on the RBI‘s interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors’ sentiment. “At the domestic level, all eyes will be on the
The Modi government launched the Unified Pension Scheme (UPS) under the National Pension System (NPS) on April 1 this year. The UPS was conceived as a new pension plan for central government employees, giving them an option to subscribe to a new scheme that combines some of the unique features from the existing NPS and
US President Donald Trump’s decision to impose a 25 per cent additional import duty along with a penalty on Indian goods, effective August 1, is expected to significantly impact India’s textile and apparel industry. The penalty has been linked to India’s purchase of crude oil and military equipment from Russia, adding another layer of uncertainty
The Indian stock market ended Thursday’s trading session on a muted note, recovering from early losses triggered by US President Donald Trump’s shock announcement of a 25% tariff on Indian exports and an additional penalty over India’s energy ties with Russia. The Sensex closed the session at 81,185.58, down by 0.36%, while the Nifty 50
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
