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1 min read
Govt may relax 45-day payment rule for MSMEs in Budget 2024
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
2 mins read
Waaree's stock tumbles over 5%, hours after listing at a premium of 66.33% on the bourses
Waaree's offer worth Rs 4,321.44 crore saw a thumping reception from investors across all categor…
3 mins read
Waaree Energies Limited opens for subscription today. Should you invest?
The company, which operates 4 manufacturing facilities in Gujarat, India, commenced operations in 2…
4 mins read
India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses
According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…
2 mins read
Trump's tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says
Each percentage point cut to the corporate tax rate could boost S&P 500 earnings by slightly less t…
Jennifer Sor
3 mins read
KRN Heat Exchanger & Refrigeration's IPO opened for subscription today. Should you invest?
From the funds raised, the company intends to invest Rs 242.5 crore in its wholly owned subsidiary…
2 mins read
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
2 mins read
India economic momentum remains intact, set to achieve 6.5-7% growth, says Finmin Report
Tax collections, especially indirect taxes, which reflect transactions, are growing healthily, and …
PTI
4 mins read
Union Budget 2024-25 key highlights: Angel tax to be scraped
You can watch the presentation live on the official Youtube channels of the government. After her s…
3 mins read
Economic Survey shows India's energy needs to grow 2.5x, healthy growth in formal employment
Over the last decade, the manufacturing sector managed to mark an average annual growth rate of 5.2…
1 min read
India signs customs mutual recognition agreements with seven nations; Actively pursuing more, says CBIC chief
India has signed mutual recognition agreements (MRAs) with customs authorities of seven nations and…
PTI
1 min read
Govt cuts windfall tax on domestic crude, export of diesel, ATF
The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/…
PTI
2 mins read
Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports
The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…
PTI
2 mins read
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…
ANI
1 min read
Bajaj Auto Q1FY25 results: Net profit, EBITDA, exports see a major jump, leadership change imminent
The company's sales also saw a 7% YoY jump from 11,02,056 units in the June quarter, compared to 10…
4 mins read
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
2 mins read
Windfall tax on diesel export hiked to ₹1 per litre
The government has hiked the windfall profit tax on export of diesel to ₹1 per litre while the levy…
PTI
2 mins read
Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn
The Treasury secretary, Janet Yellen, and her predecessor Larry Summers called out Trump's plan to …
Filip De Mott
2 mins read
Apple exported 'India-made' iPhones worth Rs 65,000 crore in 2023
As India doubles down on local manufacturing, Apple assembled iPhones worth more than Rs 1 lakh cro…
2 mins read
Blackstone to invest $2 bn every year in India; wants quicker M&A clearances
Global private equity major Blackstone Group is confident of investing USD 2 billion annually in In…