As the pre-budget exercise for 2025-26 gathers steam, industry bodies on Thursday urged the government to further streamline tax administration by reducing the peak tax rate on partnerships/LLPs to 25%, lowering the tax on interest income from bank deposits and slashing the number of TDS rates to the bare minimum. In their meeting with Revenue
India is likely to witness a continued momentum of increased cooperation in the energy sector from the US under Donald Trump’s second presidency, industry experts believe. For the global oil market, Trump 2.0 would mean continued oil and gas supply given Trump’s focus on increasing the US oil production which should keep oil prices under
The sugar industry has urged the government to allow around 2 million tonne (MT) of exports of the sweetener in the current season (October-September) so that mills don’t have to incur the carrying cost of surplus due to expectation of better harvest and comfortable opening stocks. According to Deepak Ballani, Director General, Indian Sugar Mills
The Rs 5-lakh-crore domestic fast-moving consumer goods (FMCG) market witnessed a decline in both overall value and volume growth in the September quarter compared with the year-ago period, as a slowdown in urban areas took a toll on business, a report by market researcher NielsenIQ released on Thursday showed. Urban sales contribute to two-third of
Embassy Office Parks REIT on Thursday announced the appointment of Ritwik Bhattacharjee as its interim chief executive officer (CEO) with immediate effect, after its earlier CEO Aravind Maiya made an exit on Tuesday after SEBI’s orders. Bhattacharjee has worked with REIT since its listing and was also a founding member of the team that helped
Online gaming platform Head Digital Works on Thursday said the company has completed its first-ever employee stock option plan (ESOP) buyback programme of $3 million. This comes at a time when the online gaming sector is facing financial burden with regard to the 28% goods and services tax (GST). Among eligible ESOP holders, 97% opted
Steel companies will find it difficult to support significant expansion in the coming quarters if the price of steel does not recover, Tata Steel MD & CEO TV Narendran said on Thursday. He also said that China steel imports will need to come down to nearly half of what they are currently for a price
Trent Ltd on Thursday released its fiscal second quarter earnings with consolidated profit at Rs 335.06 crore, registering a growth of 46.9 per cent in comparison to Rs 228.06 crore during the same period of previous financial year, missing estimates. It posted revenue from operations at Rs 4,156.67 crore, up 39.4 per cent as against
March 31 is the last day of the financial year, which is considered a very important date for taxpayers and investors. If you have not yet made the necessary investments to save tax or some important financial work is pending, then it is very important to settle them this month. Whether it is taking advantage
Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your
Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this
The heatwave may not be good news for you but the AC industry is rejoicing… It is expected to deliver robust volume-led growth in Q4FY25 on the back of early onset of the summer coupled with aggressive channel stocking. The Indian Meteorological Department has predicted above-normal number of heatwave days in most parts of the
Bajaj Finserv’s share price fell 1.8% to an intra-day low of Rs 1,837. The stock was the major loser in the Nifty 50. The fall in share price came after Bajaj Group signed a share purchase agreement with Allianz SE to buy out its stakes in the joint ventures. The company will acquire a 26%
