India’s top nine cities, where a majority of Indians migrate for jobs, are staring at a housing crisis as real estate developers have turned to the luxury housing segment and are not focusing on housing requirements for the affordable and mid-income category, according to a report. The supply of homes in the affordable and mid-income
Ahead of Budget 2025, the SBI research report has suggested a slew of measures to push tax reforms, including bringing all under the New Tax Regime. In its report, ‘Prelude to Union Budget 2025-26’, SBI said the government can ensure better tax compliance and bolster consumption by enhancing disposable income by moving all and one
Weathtech platform Elever has launched innovative Portfolio Management Services (PMS), introducing four new products each tailored to meet diverse investment needs and risk profiles. These unique schemes are: FactorAlpha PMS, FactorAlpha SmallCap PMS, FactorShields PMS, and FactorIncome PMS. With these schemes, which are aimed at generating consistent and long-term returns through a quant-based investment approach
With Budget 2025 around the corner and Finance Minister Nirmala Sitharaman set to present her 8th Budget overall and the 2nd under the Modi 3.0 regime, tax experts and taxpayers alike have high expectations regarding direct taxes. There is growing anticipation that the Modi government will ease the tax burden on the middle class, provide
8th Pay Commission: With the Modi government announcing the 8th Pay Commission, all eyes are on how the next salary and pension revision for around 1.2 crore central government employees and pensioners will be done. The Centre is very soon expected to announce the composition of the 8th Pay Commission, which will have two members
By Shuddhasattwa Ghosh The Hon’ble Finance Minister is to present the budget on 01 February 2025. Among all the class of taxpayers, the individual taxpayers await the budget with a hope that the government would introduce tax reliefs which will leave more income in the hands of the individual for consumption spends. One of the
By Rajnish Gupta What has changed since the last budget was presented? Firstly, India’s FY 25 growth estimates have been revised downward by many agencies, including the RBI, from ~7% to ~6.5%. This came on the back of slower growth in Q2 of FY 25. While India’s growth drivers such as macroeconomic stability and service
Fixed Deposit Rates 2025: Major banks like State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and IDBI Bank have recently launched new fixed deposit (FD) schemes in January 2025. These new product offerings come with higher interest rates, more flexibility, and special options catering to specific customer groups. Here’s a
The budget carrier SpiceJet on Tuesday (February 25) announced their results for the quarter ending December 31, 2024 (Q3FY25), the company announced through an exchange filing. SpiceJet has reported a profit after tax (PAT) of Rs 26 crore in Q3FY25, marking a turnaround from a loss of Rs 300 crore in the same period last
The Managing Director and CEO of Cipla, Umang Vohra is confident that tariffs and regulations in the US will not impact the competitiveness of Indian generics and are a long-term positive for the Indian pharma sector. He reiterated that, “Indian generics industry will remain intact even if US imposes tariffs.” This was during a conversation
Trading and investing are filled with thousands of strategies, each one offering a distinct approach to making profits. Many traders gravitate toward capitalising on trending sectors or stocks, riding the wave of positive momentum. However, there is a less conventional strategy that remains underutilised yet holds significant potential – accumulating assets during a sector’s downturn
Wall Street‘s main indexes fell to touch a more than one-month low on Tuesday after fresh economic data indicated consumer mood was deteriorating and investors braced for a possible fallout from tighter U.S. trade controls on Beijing. The Conference Board said consumer confidence deteriorated in February at its fastest pace in three-and-a-half years, with estimates
Traditionally, the last three months of the financial year, are considered as the tax planning season, wherein individuals focus on making certain tax-saving investments. However, ever since the New Tax Regime was introduced in the Union Budget 2020-21, the income tax slab structure under it was made attractive over the years to encourage many individual
