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Finance Act 2025 provides substantial relief under new tax regime: Minister
The Finance Act, 2025, has increased the income threshold for...
Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report
"Investors (in India) are concerned about the cost of living and...
Investors richer by Rs 6.88 lakh cr in 4 days; mcap of BSE-listed cos at new peak of Rs 373 lakh cr
"Noteworthy is the fact that this upward surge remained resilient amid mixed global cues on account of higher-than-expected US inflation and positive job data, which tempered expectations for an imminent rate cut by the US Fed," said Vinod Nair, Head of Research,...
Asia’s richest person re-joins $100 billion club as stock surges
Mukesh Ambani, chairman, Reliance Industries Ambani, Reliance’s chairman, owns 42% of the company, which has businesses in the energy, telecommunications and retail sectors, among others. Its shares have climbed 22% from a low in October after the firm reported a jump...
US SEC approves bitcoin ETFs in watershed for crypto market
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years WASHINGTON/NEW YORK: The U.S. securities regulator on Wednesday approved the...
‘What is good for another market need not be good for us’, says RBI Guv Das on crypto regulations
Shaktikanta Das,Governor,Reserve Bank of India His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US Mumbai: Reserve Bank Governor Shaktikanta Das on...
Medi Assist sets Rs 397-418 price band for its Rs 1,172 crore IPO, to open on Jan 15
Those selling shares in the offer for sale include Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer India Capital Holdings II Ltd, Bessemer Health Capital LLC, and Investcorp Private Equity Fund Mumbai: Medi Assist Healthcare Services, the Bessemer...
MFs’ AUM at Rs 50 lakh cr, add Rs 10 lakh cr in 2023
The industry saw net inflows of Rs 2.7 trillion in 2023 as compared to an inflow of over Rs 71,000 crore in the preceding year. The huge inflow could be on the back of sustained investor interest in equity funds, arbitrage funds, and index funds & ETFs Mumbai: The...
Indian tax payers migrating to higher range of total gross income: SBI Research report
The number of ITRs filed by people earning between Rs 10 lakh and Rs 25 lakh has increased by 291 per cent, the report said. Total number of persons filing Income tax increased to 74 million in the assessment year 2022-23 from 70 million in 2021-22 Mumbai: The income...
Delhi’s per capita income rises over 14 pc to Rs 4,44,768
Delhi has the highest minimum wages in the country -- Rs 17,494 for unskilled, Rs 19,279 for semi-skilled, and Rs 21,215 for skilled workers -- and the government increases these wages every six months, the statement said. Delhi's per capita income increased from Rs...
FPIs infuse Rs 4,800 crore in equities In 1st week of Jan on strong economic confidence
This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November. Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven...
World Bank raises GBP 1.5 billion in 5-year sustainable development bond
According to the World Bank, this Sustainable Development Bond aims to generate GBP 1.5 billion from investors, contributing to the financing of the World Bank's initiatives for sustainable development solutions in its member countries London: The World Bank,...