By kicking off his third term with Kisan Nidhi scheme and Pradhan Mantri Awas Yojana (PMAY), Prime Minister Narendra Modi has left stock market investors debating over whether the much sought-after winners of Modi 2.0 will continue to dominate Dalal Street. All Union Ministries have been asked to finalise their 100-day plans. The first 100 … Read more
A “surprisingly bad outcome” in national elections, and any changes in capital gains tax in upcoming July budget could act as triggers for a near-term correction in Indian markets, Christopher Wood, global head of equity strategy at Jefferies said. While a shock BJP defeat in 2024 elections is “extremely unlikely”, markets could correct even more … Read more
B Thiagarajan, MD, Blue Star, says the AC industry, as well as Blue Star, had a great FY24 though the summer of FY23 was not a good one for the AC industry. March saw an unexpected growth in the last week. The industry for the month of March alone would have grown by over 40%. … Read more
Nifty ended with weekly gains of 2.3% with leadership taken by IT stocks. In terms of gains, PSU Banks trumped all other sectors. When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them. “Benchmark indices snapped a two week losing streak … Read more
Companies with branches in multiple cities will now need to register for input service distribution (ISD) to claim input tax credit for services provided by the head office to the branch office, a move expected to reduce disputes significantly.The interim budget proposed to make this rule mandatory, besides the requirement of a separate registration that … Read more
The Indian government has allocated an estimated amount of Rs 5,667.56 crore as grants and loans to foreign governments for the fiscal year 2024-25. According to the Union Budget documents released after the presentation of the interim budget by Finance Minister Nirmala Sitharaman, Bhutan has emerged as the primary recipient of Indian government grants and … Read more
Be it an interim one or the actual Union Budget, equity markets witness their share of volatility in the run-up as well as post the big event. A look at the domestic market performance atleast a week prior to the Budget presentation over the last 5-6 years showed that caution and a certain level of … Read more
Union Budget 2024: India could announce a social security fund for the labourforce in the unorganised sector as well as gig and platform workers in the interim budget to be presented by finance minister Nirmala Sitharaman on February 1. The fund, proposed in the Social Security Code, 2020, would be a step toward universal social … Read more
To incentivise the manufacturing sector and generate employment, the government may extend the scope of PLI scheme to include sectors like garments, jewellery and handicrafts in the forthcoming interim Budget, Deloitte said. Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors. Read our full Budget 2024 coverage here Deloitte India Partner Rajat Wahi said … Read more
Despite various challenges arising out of geopolitical tension and tight financial conditions in major advanced economies, India’s engineering goods exports recorded a year-on-year growth of 10.20 per cent to USD 10.04 billion in December 2023. While this represents a strong rebound, the sector still faces uncertainties due to the prevailing global economic conditions, an EEPC … Read more
