Taxpayers and businesses are eagerly awaiting the Union budget 2025, with expectations for reforms including increased capex, higher tax exemptions, streamlined tax compliance, and clarified tax guidelines for digital assets. EY India emphasises fiscal consolidation and investment-driven growth as key focuses for sustained economic development.
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Telecom Minister Jyotiraditya Scindia affirmed continued government support for the mobile industry, emphasizing the importance of having at least four to five players. He stated satellite communication services will complement terrestrial networks to achieve complete coverage.
Sebi has launched a certification course focused on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) to enhance understanding among securities market intermediaries. The course covers principles under various legislative acts and promotes awareness of AML and CFT guidelines, aiding compliance. Developed with NISM, this initiative strengthens capital market regulations.
In 2025, HR will be shaped by hybrid work models, mental health focus, DEI advancements, and AI integration. Demand for specialized talent and rising CXO salaries will be notable trends, with green energy and AI-driven sectors leading in compensation. Skill development remains crucial for workforce competitiveness.
Foreign portfolio investors are experiencing their worst annual equity selloff in FY25, with outflows reaching Rs 1.5 lakh crore. Most of the selloff has occurred in the secondary market, while domestic investors have responded with strong investments, achieving a record Rs 4.7 lakh crore in FY25. Despite net selling, FPIs remain buyers in the primary market.
Oil prices declined following President Trump's statement about convincing Saudi Arabia and OPEC to reduce crude costs. WTI futures dropped below $75 and Brent below $79. The OPEC and its allies aim to support prices by limiting output with potential plans to gradually revive production starting in April.
On Tuesday, Unimech Aerospace and Manufacturing Ltd shares debuted on the stock exchange with a notable 90% premium above its Rs 785 issue price, listing at Rs 1,491 on the BSE and Rs 1,460 on the NSE. The company's IPO was significantly oversubscribed, achieving a market capitalisation of Rs 6,956.20 crore.
A rebound in stocks was driven by significant gains in technology giants Tesla and Nvidia, helping the 'Magnificent Seven' megacaps rise over 1%. Despite a weak US consumer confidence report causing a brief dip, experts forecast a likely Santa Claus rally this year. Thin trading marked the holiday-shortened week's start, with volumes down by around 20%.
Apple's iPhone production in India has surged by 60% to $22 billion, now accounting for one in five iPhones globally. This shift, driven by geopolitical tensions and supply chain vulnerabilities, positions India as a key export hub. Foxconn is expanding its manufacturing footprint in Uttar Pradesh, signaling a long-term commitment to India's growing industrial ecosystem.
Wipro is investing $200 million in its venture arm, Wipro Ventures, to boost its portfolio by supporting early to mid-stage startups. The investment aims to foster technological innovation and collaboration globally, driving progress and creating value for all stakeholders in sectors like financial services, healthcare, energy, and manufacturing.
The government proposes increasing the TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh annually as announced by Finance Minister Nirmala Sitharaman in her Budget 2025 speech. This move aims to reduce TDS transactions, offering relief to small taxpayers and simplifying compliance.