The recent changes to the real estate tax rules have stirred significant discussion among homeowners and investors. The Union Budget 2024 introduced modifications that have left many wondering whether they will benefit or face a heavier tax burden. Here, we delve into the details and analyze the impact of these new rules on different property…
Advanced Stage of RBI’s Vetting Process for IDBI Bank Sale The Reserve Bank of India’s (RBI) review of potential bidders for IDBI Bank’s stake sale is progressing well, as reported by Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM). This development marks a significant step in the strategic disinvestment…
Raamdeo Agrawal, the Chairman and Co-Founder of Motilal Oswal Financial Services, provided the following key insights on the pre-budget market conditions: The market is an “approximate machine” that goes up and down in an unpredictable manner. It may go up 5 steps, then down 4 steps, then up 7 steps, and then down 4 steps….
The Indian equity market experienced one of its most remarkable weeks of 2024, with the Nifty and Sensex indices hitting unprecedented highs of 24,592.20 and 80,893.51, respectively. They closed the week at 24,502.15 and 80,519.34, reflecting gains of 0.73% for the Nifty and 0.65% for the Sensex. This marked the sixth consecutive week of gains…
In a free trade agreement (FTA), two or more trading partners either significantly reduce or eliminate customs duties on the maximum number of goods traded between them. Additionally, they ease norms to promote and facilitate trade in services and investments. India and UK’s Commitment to FTA Commerce and Industry Minister Piyush Goyal announced on Wednesday…
The Finance Ministry has wrapped up its pre-budget consultations, engaging with ten crucial stakeholder groups, including agriculture, education, health, MSME, energy, and infrastructure sectors. These discussions, involving over 120 invitees, began on June 19 and concluded on July 5, highlighting concerns around jobs and growth for the upcoming budget. The first full budget of the…
European stocks are poised for a strong start on Friday as attention centers on the U.K.’s general election. Futures for major indices, including the DAX, CAC, and FTSE, are trading higher, reflecting investor optimism. Specifically, the DAX futures are up by 0.24%, CAC by 0.53%, and FTSE by 0.33%. Market Update: Benchmark Indices Decline As…
Raymond Ltd announced on July 4 that its board has approved the demerger of its real estate business, Raymond Realty Limited, aiming to unlock the full value of this segment. Unlocking Growth Potential in Real Estate The primary objective of this demerger is to capitalize on the growth opportunities within the real estate sector and…
Airtel Joins Jio in Raising Mobile Tariffs Bharti Airtel announced a significant increase in mobile tariffs by up to 20% effective July 3. This announcement came just a day after Reliance Jio, the market leader, implemented a similar hike. The new pricing details reveal that unlimited calling plans will now cost 11-20% more across both…
The Securities and Exchange Board of India (SEBI) recently announced several regulatory updates, including changes to the delisting framework, adjustments to futures and options (F&O) inclusion criteria, and new restrictions on financial influencers (finfluencers). These changes aim to create a more equitable and secure market environment. Revised Delisting Framework: Easier Path for Promoters SEBI has…
