Income tax relief for the middle class to boost consumption, a rethink of the mandatory 45-day payment deadline for micro and small enterprises, restructuring of GST rates, measures to promote exports and simplify IT imports, were some of the ideas presented by industry leaders to Finance Minister Nirmala Sitharaman in pre-Budget consultations held on Thursday….
Quick commerce platforms Bigbasket, Blinkit, SwiggyInstamart, and Zeptoare offering to deliver gold and silver coins in 10 minutes on the occasion of Akshaya Tritiya. Unicorn startup Zepto has partnered with Nek Jewellery, while Swiggy Instamart has partnered with Malabar Gold & Diamonds and Muthoot Exim (Muthoot Pappachan Group) to allow customers to purchase gold and…
Shares of Allied Blenders and Distillers made a decent listing on Tuesday by gaining a little over 13 per cent. As against the IPO price of ₹281, the stock listed at ₹318.10 on the BSE and hit a high of ₹324.40 and a low of ₹306.70, before settling at ₹317.85, up 13.11 per cent over the…
New Delhi: Inclusive development and the National Democratic Alliance’s (NDA) growth agenda for the future have emerged as the central theme of finance minister Nirmala Sitharaman’s interim budget for FY25. Social justice and inclusive growth will be an effective and necessary governance model for the NDA government, Sitharaman said in her speech, calling it secularism…
Bajaj Allianz Life introduced the Bajaj Allianz Life Nifty Alpha 50 Index Fund, which will be accessible to customers who currently own or plan to purchase unit-linked insurance products (ULIPs). For those unfamiliar, this is a market-linked index fund designed to replicate the performance of the Nifty Alpha 50 index. This index comprises 50 large-cap…
The rupee plunged 17 paise to settle at over two-month low level of 83.61 (provisional) against the U.S. dollar on Thursday amid surging crude oil prices. | Photo Credit: REUTERS The rupee plunged 17 paise to settle at over two-month low level of 83.61 (provisional) against the U.S. dollar on Thursday amid surging crude oil…
The coal stock held by coal companies witnessed a surge by June 30, reaching 95.02 MT. File | Photo Credit: G.N. Rao The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last fiscal, according to provisional figures of the government. In…
Notwithstanding the rising gold price, the demand for the yellow metal was up for Akshaya Tritiya, according to jewellers. Kumar Jain from Indian Bullion and Jewellers Association (IBJA) said, “Despite the high prices, people are buying gold right now because they think it will be of good use to them. The next auspicious beginning that…
Kotak Mutual Fund lifted the restriction on investment in its small-cap fund after four months as the fund house saw earnings growth in this sector. “We are resuming the subscription of units in Kotak Small Cap Fund, effective July 2. Political uncertainties around India’s elections are behind us. This has reduced market volatility, making the…
The government intends to bolster agriculture and allied sectors, including food processing, through enhanced private and public investment in post-harvest activities such as aggregation, modern storage, efficient supply chains, and marketing, finance minister Nirmala Sitharaman said while presenting the interim budget for FY25 on Thursday. The minister also said the government will formulate a comprehensive…
