Finance Minister Nirmala Sitharaman's Union Budget 2025-26 increases funds for women and child development by over Rs 3,700 crore. Major allocations include Rs 21,960 crore for POSHAN 2.0 and significant rises for Mission Vatsalya and Mission Shakti. Withdrawals from old National Savings Scheme accounts are exempt from tax starting August 2024.
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Raamdeo Agrawal advises investing in 'bruised blue chips' — top companies experiencing temporary declines. He believes the current market, with declining valuations and earnings, presents opportunities.
Retail inflation in India dropped to a seven-month low in February, helped by falling food prices. This decline offers the RBI a chance to cut interest rates in April. Additionally, industrial output growth improved in January, driven by the manufacturing sector's expansion. Both urban and rural inflation rates have also decreased.
Exporters in India are preparing to seize potential opportunities in the US market across sectors like textiles, leather, chemicals, and toys, as the US looks to reduce dependence on China. Enhanced promotion, financial support, and partnerships with American trade bodies are seen as pivotal for success.
IL&FS Group has declared a Rs 5,000 crore payout to its creditors as part of its debt resolution efforts. The distribution includes Rs 3,500 crore in InvIT units linked to six road assets and Rs 1,500 crore in cash, primarily benefiting large creditors and public funds. This payout aims to significantly reduce the group's outstanding debt.
The 2020 tax deferment policy for ESOPs aims to address immediate tax liabilities and financial strain on startups. Despite its potential, applicability is limited to only 3,605 IMB-certified startups. NASSCOM recommends expanding eligibility to all DPIIT-recognized startups to attract talent and reduce employee attrition.
X Shore, a Swedish electric boat manufacturer, is eyeing India as a market due to rising global sustainability demand. Founder Konrad Bergstrom emphasizes focusing on building a better future, not just financial gain. Currently scaling up production, X Shore aims for purpose-driven innovation and sustainability, leveraging Bergstrom's early success with Marshall audio products.
Reliance Industries Ltd has achieved the second-best brand ranking globally in the FutureBrand Index 2024, rising 11 places from its previous position. The Index evaluates companies on brand perception and ability to align with evolving market and consumer dynamics, with Samsung taking the top spot.
Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a 30% flat deduction on gross income.
Defence PSU Hindustan Aeronautics Limited (HAL) recorded provisional revenue of Rs 30,400 crore in 2024-25, despite delivery shortfalls of Light Combat Aircraft and Advanced Light Helicopter. An improved order book allowed HAL to expand production capacities and secure significant contracts, including a landmark deal worth Rs 62,777 crore for 156 Light Combat Helicopters.
Sanjib Sahoo has been promoted to President of Ingram Micro’s Global Platform Group, continuing to develop the B2B technology platform, Xvantage. Previously the executive vice president and chief digital officer, Sahoo's new role focuses on enhancing real-time interactions and reducing transaction friction, supporting Ingram Micro's goal of becoming a platform company.