परिवार को किराया देना? वित्तीय वर्ष 2025-26 में आयकर विभाग के रडार से बाहर रहने का तरीका

अपने माता-पिता या अन्य रिश्तेदारों को किराया देना और हाउस रेंट अलाउंस (एचआरए) का दावा करना सरल लगता है लेकिन यह आयकर विभाग के लिए एक गर्म विषय बन गया है। हाल ही में कई करदाताओं को नोटिस मिलने के साथ, यह स्पष्ट है कि आई-टी विभाग किराए के दावों पर जांच कड़ी कर रहा है, खासकर जब करीबी रिश्तेदार शामिल हों। 

तो आप अनुपालन जाल में फंसे बिना इस साल अपने वैध एचआरए दावों की रक्षा कैसे कर सकते हैं? यहां एक पूर्ण स्पष्टीकरण दिया गया है, जिसमें नकद किराया भुगतान पर एक प्रमुख अपडेट और 1 अप्रैल, 2025 से क्या बदला है। 

आपको टैक्स नोटिस क्यों मिल रहे हैं? 

हाल के महीनों में, कर अधिकारियों ने एचआरए दावों को चिह्नित किया है जहां: 

  • कोई किराया समझौता मौजूद नहीं है 
  • बिना रसीद के नकद में किराया दिया गया 
  • आवश्यक होने पर कोई टीडीएस नहीं काटा गया (किराया > ₹50,000/महीना) 

यहां तक कि अगर आपका दावा वैध है, तो दस्तावेजी प्रमाण प्रदान करने में विफल रहने से अस्वीकृति या स्पष्टीकरण की मांग हो सकती है। 

अपने एचआरए दावे को बुलेटप्रूफ कैसे बनाएं 

1. हमेशा किराया समझौता प्राप्त करें (यदि संभव हो) 

यहां तक कि अगर मकान मालिक आपके माता-पिता या रिश्तेदार हैं, तो किराए की राशि और शर्तों के साथ एक सरल, हस्ताक्षरित किराया समझौता प्राप्त करें। 

2. डिजिटल हस्तांतरण पसंद करें 

बैंक या यूपीआई हस्तांतरण एक स्पष्ट ऑडिट ट्रेल छोड़ते हैं। यदि आप नकद में भुगतान कर रहे हैं, तो सुनिश्चित करें कि आपके पास हस्ताक्षरित रसीदें हैं। 

3. 2% टीडीएस काटें 

यदि आप प्रति माह ₹50,000 से अधिक किराया दे रहे हैं, तो आपको फॉर्म 26QC का उपयोग करके 2% पर टीडीएस काटना और सरकार के पास जमा करना होगा। 

क्या मैं नकद में किराया चुकाने पर एचआरए का दावा कर सकता हूं? 

हां, आप अभी भी नकद में चुकाए गए किराए पर एचआरए का दावा कर सकते हैं, लेकिन केवल कुछ शर्तों के तहत: 

  • आपके पास हस्ताक्षरित किराया रसीदें हैं, और 
  • आपका मकान मालिक अपनी आईटीआर में किराए को आय के रूप में घोषित करता है। 

वित्तीय वर्ष 2025-26 में क्या बदला? आपको जो प्रमुख कर अपडेट जानने चाहिए 

1. नई कर व्यवस्था अब डिफ़ॉल्ट है 

करदाताओं को नई व्यवस्था में स्वतः नामांकित किया जाएगा जब तक कि वे बाहर नहीं निकलते। लेकिन याद रखें-एचआरए छूट केवल पुरानी व्यवस्था के तहत ही अनुमत हैं। 

2. नई आयकर स्लैब (वित्तीय वर्ष 2025-26) 

अद्यतन नई आयकर व्यवस्था महत्वपूर्ण बदलाव लाती है, जिसमें 24 लाख से अधिक आय के लिए उच्च कर दर शामिल है, जिस पर अब 30% कर लगेगा, जो 15 लाख की पिछली सीमा की तुलना में है। नीचे नई आयकर स्लैब की जांच करें। 

आय सीमा (₹)  कर दर 
0-4,00,000  शून्य (0%) 
4,00,001-8,00,000  5% 
8,00,001-12,00,000  10% 
12,00,001-₹16,00,000  15% 
16,00,001-20,00,000  20% 
20,00,001-24,00,000  25% 
24,00,000 से ऊपर  30% 

3. ₹12.75 लाख तक कमाने वाले वेतनभोगी व्यक्तियों के लिए कोई कर नहीं 

वेतनभोगी व्यक्तियों के लिए एक महत्वपूर्ण अपडेट में, ₹12 लाख (कुछ व्यक्तियों के लिए ₹12.75 लाख) तक की कर योग्य आय अर्जित करने वालों को नई व्यवस्था के तहत कोई कर नहीं देना होगा, बशर्ते वे वित्तीय वर्ष 2025-26 में इस कर संरचना का विकल्प चुनें। ₹12.75 लाख तक कमाने वाले वेतनभोगी व्यक्तियों के लिए, ₹75,000 की मानक कटौती के साथ कोई कर नहीं होगा। 

निष्कर्ष 

परिवार के सदस्यों को किराया देना और एचआरए का दावा करना एक सीधा-सादा प्रक्रिया हो सकती है, लेकिन आयकर विभाग द्वारा बढ़ती जांच के लिए करदाताओं को अतिरिक्त सतर्क रहने की आवश्यकता है। 

अनावश्यक कर नोटिस से बचने और यह सुनिश्चित करने के लिए कि आपका एचआरए दावा वैध है, हमेशा उचित दस्तावेज बनाए रखें, जैसे कि हस्ताक्षरित किराया समझौते, रसीदें, और, जहां लागू हो, टीडीएस कटौती। डिजिटल भुगतान विधियों को प्राथमिकता दी जाती है, क्योंकि वे एक आसान-से-पता लगाने वाला ऑडिट ट्रेल प्रदान करते हैं। 

 

अस्वीकरण: यह ब्लॉग विशेष रूप से शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियां केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णयों के बारे में एक स्वतंत्र राय बनाने के लिए अपना शोध और मूल्यांकन करना चाहिए। 

क्या आपको हाउसिंग सोसाइटी के रखरखाव शुल्क पर 18% जीएसटी का भुगतान करने की आवश्यकता है यदि बिल्डर हाउसिंग सोसाइटी का प्रबंधन कर रहा है?

यदि आपकी हाउसिंग सोसाइटी का प्रबंधन अभी भी बिल्डर द्वारा किया जाता है और एक औपचारिक निवासी कल्याण संघ (आरडब्ल्यूए) द्वारा नहीं, तो आप सोच रहे होंगे कि क्या आपके मासिक रखरखाव शुल्क पर वस्तु एवं सेवा कर (जीएसटी) लागू होता है। यह एक वैध चिंता है, खासकर इस क्षेत्र में कर जांच बढ़ने के साथ। 

यहां एक ब्रेकडाउन दिया गया है कि जीएसटी कब लागू होता है, इसे किसे भुगतान करने की आवश्यकता है, और किसके प्रबंधन के आधार पर क्या परिवर्तन होते हैं। 

रखरखाव शुल्क पर जीएसटी कब लागू होता है? 

18% पर जीएसटी लगाया जाता है यदि निम्नलिखित दोनों शर्तें पूरी होती हैं: 

  • आपका मासिक रखरखाव शुल्क ₹7,500 प्रति फ्लैट से अधिक है, और 
  • आरडब्ल्यूए का वार्षिक कारोबार ₹20 लाख (या विशेष श्रेणी के राज्यों में 10 लाख) से अधिक है। 

यदि इनमें से कोई भी शर्त पूरी नहीं होती है, तो अधिसूचना संख्या 12/2017 – केंद्रीय कर (दर) के तहत रखरखाव को जीएसटी से छूट दी गई है। यदि जीएसटी लागू है, तो यह पूरी राशि पर लगाया जाता है, न कि केवल ₹7,500 से अधिक राशि पर। 

उदाहरण के लिए, यदि आप मासिक ₹9,000 का भुगतान करते हैं, तो जीएसटी पूरे ₹9,000 पर लागू होता है, न कि केवल ₹1,500 पर। 

इस पर अधिक पढ़ें: सरकार ने 8वें केंद्रीय वेतन आयोग पैनल के लिए प्रतिनियुक्ति पर भर्ती शुरू की

परिदृश्य 1: आरडब्ल्यूए मौजूद है, बिल्डर इसकी ओर से एकत्र करता है 

कई सोसाइटियों में, आरडब्ल्यूए के गठन के बाद भी बिल्डर रखरखाव का प्रबंधन करना जारी रखता है। ऐसे मामलों में: 

  • बिल्डर आरडब्ल्यूए की ओर से पैसा इकट्ठा करने वाले एक सुविधाकर्ता के रूप में कार्य करता है। 
  • आरडब्ल्यूए सेवा प्रदाता है, और यदि छूट मानदंड पूरे होते हैं (₹7,500 प्रति माह और ₹20 लाख का कारोबार), तो निवासियों से कोई जीएसटी नहीं लिया जाता है। 
  • यदि जीएसटी लागू है, तो यह आरडब्ल्यूए द्वारा बिल किया जाता है, न कि बिल्डर द्वारा, भले ही बिल्डर के माध्यम से एकत्र किया गया हो। 

परिदृश्य 2: कोई आरडब्ल्यूए नहीं बना, बिल्डर सीधे रखरखाव का प्रबंधन करता है 

यदि अभी तक कोई आरडब्ल्यूए या पंजीकृत सोसाइटी स्थापित नहीं हुई है, और बिल्डर सभी रखरखाव सेवाओं का प्रबंधन करता है: 

  • बिल्डर सेवाओं का आपूर्तिकर्ता बन जाता है। 
  • इस मामले में, ₹7,500 की सीमा की परवाह किए बिना, पूरे रखरखाव राशि पर 18% पर जीएसटी लागू होता है। 
  • बिल्डर आरडब्ल्यूए या सहकारी समितियों के लिए अभिप्रेत छूट के लिए योग्य नहीं हैं। 

यहां तक कि अगर बिल्डर सिर्फ ₹1,000 चार्ज करता है, तो भी जीएसटी लागू हो सकता है क्योंकि बिल्डर को जीएसटी कानून के तहत एक कर योग्य इकाई माना जाता है। 

परिदृश्य 3: बिल्डर, आरडब्ल्यूए और निवासियों के बीच संविदात्मक स्पष्टता 

यदि एक अनुबंध है जिसमें कहा गया है कि बिल्डर केवल आरडब्ल्यूए के लिए धन एकत्र कर रहा है, और वास्तव में रखरखाव सेवाएं प्रदान नहीं कर रहा है, तो आरडब्ल्यूए को वास्तविक सेवा प्रदाता माना जाता है। यह जीएसटी छूट के लिए अर्हता प्राप्त करने में मदद कर सकता है, यदि दोनों छूट शर्तें पूरी होती हैं। 

कानूनी विशेषज्ञ इस बात पर जोर देते हैं कि संविदात्मक व्यवस्था में स्पष्टता यह निर्धारित करने के लिए महत्वपूर्ण है कि जीएसटी के लिए कौन जिम्मेदार है। 

बिल्डरों के लिए जीएसटी कोड आवश्यकता 

यदि बिल्डर रखरखाव शुल्क एकत्र करता है, तो उसे: 

  • एसएसी कोड 995419 के साथ अपने जीएसटी पंजीकरण को अपडेट करें, जो “इमारतों की मरम्मत, परिवर्तन, परिवर्धन, प्रतिस्थापन, नवीकरण, रखरखाव या रीमॉडेलिंग से जुड़ी सेवाओं” के लिए है। 

इस अपडेट के बिना, बिल्डर कानूनी रूप से ऐसी सेवाओं के लिए जीएसटी चार्ज करने में सक्षम नहीं हो सकते हैं। 

सोसाइटी का प्रबंधन कौन करता है, इस पर जीएसटी का भुगतान कौन करता है 

आपके रखरखाव शुल्क पर जीएसटी लागू होता है या नहीं, यह इस पर निर्भर करता है: 

  • रखरखाव सेवा कौन प्रदान कर रहा है (बिल्डर या आरडब्ल्यूए)। 
  • आप मासिक कितना भुगतान करते हैं। 
  • प्रबंधन निकाय का वार्षिक कारोबार। 

यदि आपका बिल्डर अभी भी संपत्ति का प्रबंधन कर रहा है और कोई औपचारिक आरडब्ल्यूए नहीं है, तो नियामक अपडेट अन्यथा न कहने तक, पूरी रखरखाव राशि पर 18% जीएसटी का भुगतान करने की अपेक्षा करें। 

जटिलताओं से बचने के लिए, निवासियों को लिखित रूप में व्यवस्था को स्पष्ट करना चाहिए, और यह सुनिश्चित करना चाहिए कि उनकी सोसाइटी जल्द से जल्द आरडब्ल्यूए सेटअप में परिवर्तित हो जाए। 

और पढ़ें: यूपीआई पर 2,000 से अधिक का जीएसटी? यहां आपको क्या जानने की जरूरत है। 

निष्कर्ष 

आपके हाउसिंग रखरखाव शुल्क पर 18% जीएसटी का भुगतान करने के लिए आप उत्तरदायी हैं या नहीं, यह पूरी तरह से इस बात पर निर्भर करता है कि आपकी सोसाइटी का प्रबंधन कौन करता है और सेवा कैसे संरचित है। अभी सक्रिय होने से आप बाद में जीएसटी जटिलताओं से बच सकते हैं। 

अस्वीकरण: यह ब्लॉग विशेष रूप से शैक्षिक उद्देश्यों के लिए लिखा गया है। उल्लिखित प्रतिभूतियाँ केवल उदाहरण हैं और सिफारिशें नहीं हैं। यह व्यक्तिगत सिफारिश/निवेश सलाह नहीं है। इसका उद्देश्य किसी व्यक्ति या संस्था को निवेश निर्णय लेने के लिए प्रभावित करना नहीं है। प्राप्तकर्ताओं को निवेश निर्णय लेने के बारे में स्वतंत्र राय बनाने के लिए अपना स्वयं का शोध और मूल्यांकन करना चाहिए। 

250% Jump in a Year: Kretto Syscon Share Price Gains Ahead of Q4FY25 Result

As of 2:37 PM on April 24, 2025, Kretto Syscon Limited witnessed a 2.5% rise in its share price, just ahead of the announcement of its audited financial results for the fourth quarter and full fiscal year 2024–25.

A Remarkable Price Rally

The shares of Kretto Syscon have delivered remarkable returns in recent times. Over the last three months alone, it has surged nearly 50%. On a year-to-date (YTD) basis, the stock has climbed more than 75%, while its one-year performance stands at an impressive 256% gain. This rally highlights growing market confidence and anticipation surrounding the company’s upcoming results. 

Read More: BSE Share Price Hits All-Time High: Surges 78% in Just 27 Sessions.

Dual-Sector Presence: Real Estate and IT

Kretto Syscon, established in 1994 and based in Ahmedabad, operates across 2 dynamic sectors—real estate and information technology. With a stronghold in both residential and commercial real estate development, the company has also expanded its footprint into software solutions and IT services. This diversified strategy has allowed it to tap into two of India’s rapidly evolving markets.

Financial Performance: A Mixed Quarter-on-Quarter Trend

In the second quarter of FY25, Kretto Syscon posted a revenue of ₹5.83 crore, with profits soaring to ₹4.01 crore. However, the third quarter saw a dip in revenue to ₹1.82 crore and a decline in profit to ₹0.98 crore. These figures set the stage for close scrutiny as the company prepares to release its Q4 and full-year results.

Conclusion 

With its earnings announcement scheduled for later today, all eyes remain on how Kretto Syscon will navigate through shifting economic conditions and sectoral challenges.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India Shuts Wagah-Attari Route and Cancels SAARC Visas for Pakistan: How Trade and Regional Ties May Shift

In the wake of the recent Pahalgam terror attack, India has implemented sweeping measures aimed at curbing cross-border movement. Central to these actions are 2 major decisions: the closure of the Attari-Wagah Integrated Check Post and the cancellation of SAARC Visa Exemption Scheme (SVES) privileges for Pakistani nationals. These steps underscore New Delhi’s resolve to adopt diplomatic and logistical responses to perceived national security threats.

Foreign Secretary Vikram Misri announced the measures, emphasising that those who have already crossed over into India via the Attari route with valid endorsements may return before May 1, 2025.

Closure of Attari-Wagah Border: A Trade Lifeline Severed

The Wagah-Attari crossing, located near Amritsar in India and Wagah in Pakistan, has long served as the only land-based trade corridor between the two nations. Despite a steady deterioration in bilateral relations over the years, the route remained open for trade in selected goods and facilitated limited passenger movement.

Exports from India via this corridor have included items such as soybeans, red chillies, chicken feed, plastic granules, and yarn. Pakistan, in turn, has exported commodities like rock salt, gypsum, dry fruits, cement, and herbal products. The route has also functioned as a key logistical channel for trade between India and Afghanistan.

In 2023–24 alone, the Attari Land Port, spread over 120 acres and connected to National Highway I, facilitated trade worth ₹3,886.53 crore, saw 6,871 cargo movements, and managed 71,563 passenger crossings. Its sudden closure is expected to disrupt not only bilateral trade but also regional supply chains.

According to the news reports, Pakistan imported $26.8 million worth of goods from India in February 2025—a 28% increase from the $20.94 million recorded in February 2024.

Cancellation of SAARC Visa Privileges for Pakistan

In a parallel move, India has revoked access for Pakistani citizens under the SAARC Visa Exemption Scheme. The SVES was designed to promote ease of travel among member states by exempting certain categories of individuals, such as parliamentarians, diplomats, and senior officials, from requiring visas for inter-country movement.

This revocation effectively dismantles one of the last remaining formal frameworks that enabled cross-border interaction, further straining regional cooperation under the SAARC umbrella.

Strategic Significance of the Moves

The decisions were announced following an emergency Cabinet Committee on Security (CCS) meeting. Alongside the border and visa restrictions, India has expelled Pakistani military advisors and pulled back its defence personnel stationed in Islamabad.

These developments signal a broader recalibration of India’s strategic stance towards Pakistan, moving away from people-to-people diplomacy and confidence-building measures to a policy shaped by hardline national security concerns.

Read More: Good News for Harley-Davidson Lovers: India May Drop Import Tariffs on Luxury Bikes in US Trade Talks

Conclusion 

While the primary objective of these measures is to address immediate security concerns, their ripple effects may be felt across sectors. Disruption in trade could hurt regional exporters and traders, and the breakdown of SAARC mechanisms may further isolate Pakistan from regional platforms.

Moreover, with the closure of the only active land route for bilateral commerce, the future of trade, even at reduced levels, remains uncertain unless alternative diplomatic channels are explored.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

FPI Outflows from Indian Debt Market Surge to 4-Year High in April 2025

Foreign Portfolio Investors (FPIs) have reversed their stance on Indian debt, exiting to the tune of $2.27 billion in April 2025. This sharp withdrawal follows four straight months of consistent inflows and marks the most significant monthly outflow since May 2020. It is also the first net outflow from Indian debt since November 2024. This pivot underscores a change in global risk appetite, particularly toward emerging market debt instruments.

The Yield Spread Squeeze: India vs the US

One of the primary drivers behind the FPI selloff is the narrowing yield spread between Indian and US bonds. India’s ten-year government bond yield has fallen from 6.6% at the start of April to 6.33%, while its US counterpart has risen from 3.99% to 4.35% over the same period. This has brought the yield differential down to roughly 200 basis points — its lowest since September 2004. With shrinking returns on Indian debt relative to US bonds, foreign investors appear to be reallocating their capital.

Read More: Massive FII Sell-Off: $15.5 Billion Pulled Out in 2025, Market Cap Shrinks by $1.3 Trillion

Global Headwinds and Investor Risk Aversion

Global market conditions have been less than favourable in recent weeks. Persistent inflation in the US, fears of new trade tariffs, and a delay in anticipated rate cuts by the Federal Reserve have all contributed to heightened market volatility. These developments have pushed US bond yields higher, making them more attractive to investors compared to emerging markets, where returns are becoming relatively less competitive.

Regional Pressures and Profit-Booking

Apart from global forces, regional dynamics have also contributed to the outflows. Several Asian markets, including India, have witnessed profit-booking as investors reassess their exposure amid the changing macroeconomic environment. A deteriorating risk-reward profile has prompted FPIs to exit debt positions that were once favoured for their yield advantage.

Domestic Fundamentals Remain Supportive

Despite the FPI retreat, the underlying fundamentals of the Indian debt market remain resilient. Factors such as easing domestic inflation, a dovish outlook from the Reserve Bank of India (RBI), robust liquidity in the banking system, and active open market operations continue to support the market. Borrowing conditions for both government and corporate issuers remain favourable, suggesting that local demand for bonds may absorb some of the foreign selling pressure.

Conclusion

The recent FPI outflows from Indian debt illustrate the complex interplay between global and domestic factors. While India’s macroeconomic environment remains relatively stable, external pressures — particularly in terms of shifting global interest rates — are reshaping capital flows. Going forward, market participants will likely keep a close eye on US monetary policy developments, yield differentials, and geopolitical risks that could influence further investor behaviour in emerging markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Earnings Comparison of IT Stocks: TCS, Infosys, Wipro and HCL Tech’s Performance

The Q4FY25 unfolded against a backdrop of macroeconomic headwinds, geopolitical uncertainties, and cautious enterprise spending, especially across Europe and the US. Despite these hurdles, Indian IT majors managed to hold steady, with some like TCS and Infosys standing at the top for total deal wins in FY25. 

Performance Comparison of – TCS, Infosys, Wipro and HCL Tech

 

Metrics TCS Infosys Wipro HCLTech
Market Cap in ₹ in Crore ₹12,31,343 ₹6,11,443 ₹2,54,375 ₹4,30,740
Q4 Net Profit ₹12,224 Cr (↓1.69% YoY) ₹7,033 Cr (↓11.75% YoY) ₹3,570 Cr (↑25.93% YoY) ₹4,307 Cr (↑8.05% YoY)
Q4 Revenue ₹64,479 Cr (↑5.29% YoY) ₹40,925 Cr (↑7.92% YoY) ₹22,504 Cr (↑1.33% YoY) ₹30,246 Cr (↑6.13% YoY)
FY26 Revenue Guidance Not yet provided 0–3% (constant currency) (-)3.5% to (-)1.5% 2%–5% (constant currency)
FY25 Total Deal Wins $39.4 Bn $11.6 Bn $3.95 Bn $9.27 Bn
Attrition (LTM) 13.3% 14.1% 15% 13%
Headcount (Q4FY25) 6,07,979 ~3,24,000 2,33,346 2,23,420
Stock Price in ₹ ₹3,403.70 ₹1,471.20 ₹242.80 ₹1,586.80

Note: Market cap and stock price as of 3:20 PM on April 24, 2025. 

 

Read More: TCS vs Infosys vs Wipro: Which IT Giant Delivered Highest Profits in Q4FY25?

FY26 Guidance From TCS, Infosys, Wipro and TCS

  • TCS has not provided numeric revenue growth guidance but reiterated its focus on maintaining industry-leading margins and building a resilient order book across verticals and geographies.

  • Infosys, for FY26, expects revenue growth between 0% and 3% in constant currency terms

  • Wipro guided for a (-3.5%) to (-1.5%) decline in constant currency, signalling caution.

  • HCLTech offered a more confident outlook, guiding FY26 revenue growth between 2%–5% in constant currency for both the overall company and services segment. It also expects EBIT margins to remain within 18%-19 %.

These forward-looking statements indicate that the IT sector is approaching FY26 with cautious optimism, keeping operational levers tight while watching closely for signs of demand recovery in key markets like the US and Europe.

Conclusion

As the global tech demand recalibrates, companies such as TCS, Infosys, Wipro and HCLTech are sharpening their value propositions—balancing innovation, cost discipline, and client-centricity. The stage is set for a dynamic FY26.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Samhi Hotels Share Price Gains About 10% After GIC’s Strategic Tie-Up

Samhi Hotels’ shares rose by approximately 10% on April 24, 2025, after announcing a strategic partnership with GIC, a leading global institutional investor. The deal involves a ₹752 crore investment from GIC for a 35% stake in Samhi’s key luxury hotel subsidiaries.

Details of the GIC Investment and Asset Valuation

The deal includes Courtyard & Fairfield by Marriott in Bengaluru ORR, Hyatt Regency in Pune, and Trinity Hotel in Bengaluru Whitefield — to be rebranded as Westin and Tribute Portfolio. These assets, valued at ₹2,200 crore collectively, are housed within three subsidiaries where GIC will acquire a significant minority stake.

Use of Funds and Debt Reduction Strategy

Of the total ₹752 crore investment, ₹603 crore will be used to repay existing debt and cover transaction-related costs. The remaining funds will support capital expenditures, including the development of the dual-branded Westin and Tribute Portfolio project in Whitefield, Bengaluru.

Financial Impact on Samhi Hotels

The transaction is expected to reduce Samhi’s debt by over ₹580 crore. As a result, the company projects a 15–20% boost in profitability and anticipates its net debt-to-EBITDA ratio improving from 4.9x to 3.5x, and further to 3x within a year.

Transaction Structure Breakdown

The investment includes ₹376 crore in SAMHI JV Hotels Pvt. Ltd. (Courtyard & Fairfield), ₹227 crore in Ascent Hotels Pvt. Ltd. (Hyatt Regency, Pune), and ₹149 crore in Innmar Tourism & Hotels Pvt. Ltd. (Trinity, Bengaluru). Post-transaction, Samhi will retain a 65% controlling stake in each of the three entities.

Future Outlook and CEO’s Statement

 

CEO Ashish Jakhanwala said, “We are pleased to announce this transformational partnership with GIC. We have a strong track record in the hotel sector in India, and GIC brings unparalleled institutional capabilities for us to benefit from. In addition to helping us strengthen our balance sheet, this partnership gives us tremendous firepower to grow our portfolio.” 

 

Read More: SAMHI Hotels To Sell 100% Stake in Duet India Hotels

Share Price Performance

As of 12:34 PM, the share price of Samhi Hotels was trading higher by 10% at ₹191.70 per share on NSE. So far in the month of April, the share price of Samhi Hotels has gained about 28%. 

Conclusion

This strategic alliance marks a significant milestone for Samhi Hotels, paving the way for reduced leverage and higher profitability. With the ₹752 crore infusion, the company not only enhances its financial health but also continues investing in premium hospitality projects. Supported by a strong institutional partner like GIC, Samhi is well-positioned for long-term, sustainable growth in India’s expanding hotel sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Google to Shift Production to India from Vietnam; Here’s Why

According to the news reports, Alphabet Inc., the parent company of Google, is realigning its manufacturing operations to navigate shifting global trade dynamics. Central to this shift is the decision to relocate a significant portion of Google Pixel smartphone production from Vietnam to India. This move is driven by ongoing tariff pressures, especially from the United States, and a broader ambition to diversify supply chains beyond China and Vietnam.

Vietnam’s Growing Trade Risk Sparks Urgency

Vietnam, which has been a cornerstone of Google’s Pixel assembly, is facing the threat of steep US tariffs, potentially as high as 46%. By contrast, Indian exports to the US could attract a relatively lower tariff of 26%. While these proposed tariffs are currently on a 90-day hold, companies are pre-emptively adapting to avoid disruptions.

This has made Vietnam less viable for export-oriented production in the short term, propelling Google to explore safer and more cost-efficient alternatives.

India Gains Ground in Google’s Pixel Plans

India is fast emerging as a strategic production hub for Google. In 2023, the company began assembling Pixel devices locally with help from Foxconn and Compal. This momentum has continued into 2024, with Dixon Technologies and Foxconn now producing around 43,000 to 45,000 units monthly at their Tamil Nadu and Noida facilities.

While the current output primarily caters to the domestic market, discussions are underway to scale production for exports, particularly to the US.

Read More: Dixon Hits 3-Month High, Rebounds 36% from April Low

Local Sourcing and Component Independence

As part of this transition, Google is exploring the localisation of several key components — including chargers, batteries, enclosures, and fingerprint sensors — which are still being imported. This shift towards domestic sourcing would not only lower production costs but also align with the Indian government’s ‘Make in India’ initiative.

Drawing Parallels with Apple’s India Strategy

Google’s approach mirrors Apple’s roadmap in India, which involves incrementally shifting high-end device assembly to local units. By doing so, tech giants reduce their exposure to geopolitical risks while also gaining from government incentives and a rapidly improving electronics manufacturing ecosystem.

In August 2024, the Pixel 8 began rolling out from Wowtek Technology India, a subsidiary of Bharat FIH (Foxconn), from a Tamil Nadu-based plant, signalling Google’s deeper manufacturing commitment to the region.

Conclusion

Looking forward, Google appears set to make India a major node in its global Pixel supply chain. Industry reports indicate Alphabet is preparing to expand export-oriented production from India and is also considering shipments to new international markets.

The strategy positions India as a key beneficiary of trade realignments, while giving Google a more agile and cost-effective manufacturing base amid global uncertainties.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

US Considers Scaling Back Auto Tariffs Amid Industry Concerns: Reports

According to recent insights from Bloomberg and the Financial Times, the Trump administration is contemplating changes to its tariff policy targeting the auto sector. This comes in response to growing pressure from automakers who have flagged the potential for serious disruptions, including reduced profits, production delays, and job losses.

The auto industry, especially in North America, depends heavily on complex and interlinked supply chains. The current tariffs, particularly those involving steel and aluminium, have created overlapping layers of costs — a phenomenon known as “stacking” — which manufacturers argue puts them at a competitive disadvantage.

Potential Relief Measures Under Consideration

One of the proposals involves eliminating the stacking of levies. This would mean that automobiles and parts already hit by specific tariffs would not be subject to further duties stemming from broader steel and aluminium levies. Such a move could help manufacturers avoid double taxation on the same components.

Another option being explored is a full exemption for auto parts that comply with the US-Mexico-Canada Agreement (USMCA). While these parts currently face no tariffs, the administration had previously intended to tax the non-US share of their content. Dropping that plan could spare automakers from a complex and potentially costly administrative burden.

In a further possible shift, officials are reportedly evaluating whether to exempt auto parts imported from China from a separate 20% tariff. This tariff was part of a broader trade response to disputes surrounding fentanyl.

Industry and Political Implications

Although President Trump has not yet approved any of the proposals, the discussions suggest a willingness to recalibrate trade measures in light of economic consequences. The unpredictability of the administration’s past trade policies, however, means that these deliberations could still shift direction.

If implemented, these changes would be a welcome development for auto manufacturers across North America. With integrated supply chains and cross-border manufacturing being key to the region’s auto ecosystem, the removal or reduction of tariffs could help stabilise operations and safeguard employment.

Read More: Trump’s Tariffs and Their Impact on Consumer Prices: What to Expect

Conclusion

While no final decision has been made, the current policy discussions point to a possible softening of the US stance on auto industry tariffs. Should these measures be adopted, they could mark a turning point in the administration’s approach to trade, potentially alleviating pressure on an industry vital to both economic output and job creation across the continent.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Vascon Engineers Share Price Jumps Over 6%; Here’s Why!

According to Vascon Engineers Limited, Royal Rides Pvt Ltd, Goa, has sent a  Letter of Intent for ₹225.46 crores(not including GST and labour cess). As part of the contract, 2 terminal buildings will be constructed at Panaji and Reis Magos, Goa, together with the foundation for a ropeway tower and related site development work.

Project Details and Scope

After being awarded on a ‘Design and Build’ basis, the project is expected to be finished in 36 months from the date of the Letter of Intent. This is a domestic contract, and no related parties are involved. The awarding company is not of interest to the promoters or the Vascon Engineers promoter group.

Share Price Performance

As of 12:13 PM, the share price of Vascon Engineers was trading higher by 6% at ₹44.06 per share on NSE. So far in the month of April, the share price of Vasco Engineers has gained 19%. 

 

Read More: CCI Clears Bharat Forge’s Acquisition of AAM India Manufacturing

About Vascon Engineers 

Vascon Engineers has more than 37 + of experience, conceiving, developing, constructing and managing varied projects. It is active in multiple sectors including residential, industrial, IT parks, malls and multiplexes, hospitality and community welfare centre, schools and hospitals.

 

Right from its inception in 1986, Vascon has remained committed to applying the art of value-based aesthetics into the science of construction through efficient engineering. The Vascon team is mainly made up of engineers who are backed up by highly qualified specialists from various fields of management. Right from planning and procurement to testing and execution, every Vascon professional follows well-documented systems and procedures.

 

Conclusion

Vascon Engineers’ standing in the engineering and construction industry is strengthened by this order, which is a noteworthy addition to the company’s expanding portfolio of important infrastructure and design-build projects throughout India.

As seen by the strong expansion of its project pipeline, this significant order enhances Vascon Engineers’ standing in the infrastructure industry.  With a contract worth ₹225.46 crore, the company demonstrates growing investor trust and solidifies its market position while ensuring consistent advancements in its design-and-build capabilities throughout India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.