Budget 2025: EY has also recommended that the government reduce income tax rates. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should consider raising the basic exemption limit from Rs 3 lakh to Rs 5 lakh under the new tax regime, says EY in its pre-Budget 2025 recommendations.EY, a leading consultancy firm…
The question uppermost in everyone’s mind is will the old tax regime be abolished in the Budget 2025? Well, this remains to be seen…Currently, India’s income tax structure offers two distinct regime: the old regime with various exemptions and deductions, and the new tax regime with simplified, lower tax rates but fewer benefits. The new…
Despite India’s impressive 25% annualised growth in recent years, HSBC considers this rate unsustainable. (AI image) HSBC has revised its stance on India to ‘Neutral’ from ‘overweight’. It has also set a BSE Sensex target of Rs 85,990 for 2025, citing reduced corporate profits and high valuations as primary concerns.Despite India’s impressive 25% annualised growth…
The Indian diaspora is the largest overseas diaspora in the world. As of May 21, 2024, there are 35.4 million non-resident Indians (NRIs) and People of Indian Origins (PIOs) living outside of India, largely in UAE and the US. The Finance Act, 2020 made far reaching changes in determining tax residency for NRIs/PIOs who come…
Breaking above 23,800 could signal an upward movement, with support at 23,496, according to Nagaraj Shetti of HDFC Securities. (AI image) Stock market today: Indian stock indices, BSE Sensex and Nifty50 declined approximately 1 per cent intraday on Thursday as major companies like HDFC Bank, TCS and Reliance faced substantial selling pressure. Investors displayed concerns…
Top stock picks for today (AI image) Stock market recommendations: According to Sagar Doshi, Senior Vice President- Research, Nuvama Professional Clients Group, Minda Corporation, Oberoi Realty, and OIL are the top stock picks for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for January 9, 2025:NiftyNifty saw a bout of…
MUMBAI: Adani Wilmar (AWL) will leverage the strong distribution network of its core edible oils business to expand the growth of its broader consumer goods portfolio, following Adani Group’s exit from the staples business, sources said. “Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant…
NEW DELHI: State-run explorer ONGC has decided to rope in BP as technical partner to boost oil and gas production from Mumbai High India’s crown jewel, which will become the UK major’s second operating project in India and mark the first notable MNC entry in the country’s upstream sector following reforms initiated by the Narendra…
Standard Glass Lining Technology IPO NEW DELHI: Standard Glass Lining Technology Ltd’s initial public offering (IPO) witnessed an extraordinary 182.57-times subscription on final bidding day on Wednesday. The Rs 410.05-crore IPO attracted bids for 3,80,27,59,991 shares against 2,08,29,567 shares offered, as per NSE data.The QIBs segment was oversubscribed by 331.60 time, whilst non-institutional investors’ category…
NEW DELHI: The securities and exchange board of India (SEBI) updated rules for credit rating agencies (CRAs) by introducing “working days” as the standard for compliance deadlines, replacing the previous use of “days.” The changes, announced in a circular on Tuesday, aim to standardise rating processes and publication protocols.These updates followed recommendations from a working…
