Thinking of splurging on a luxury watch, designer bag, or a rare painting? Starting April 22, 2025, you’ll pay more than just the sticker price. The Income Tax Department has implemented a 1% Tax Collected at Source (TCS) on luxury goods valued above ₹10 lakh. While this isn’t a new tax, it’s a compliance mechanism …
According to the news reports, assets worth over ₹1,500 crore have been seized in a money-laundering investigation involving the Sahara Group. This includes 1,023 acres of land in 16 cities, purchased through illegal transactions using funds diverted from Sahara’s entities. Land Locations and Value The seized land spans across multiple states, including Gujarat, Odisha, Maharashtra, …
India’s Production-Linked Incentive (PLI) scheme for IT hardware is rapidly reshaping the global supply chain landscape. As geopolitical tensions escalate between China and the US, global laptop manufacturers such as Asus, HP, and MSI are actively shifting parts of their production lines from China to India. The move is not only a strategic hedge against …
Accenture has completed the acquisition of TalentSprint, a deep tech education company previously owned by NSE Academy Ltd., a subsidiary of the National Stock Exchange of India. The announcement was made on April 23. Following the transaction, approximately 210 employees from TalentSprint will move to Accenture LearnVantage. TalentSprint’s Background TalentSprint was founded in 2009. It …
BankBazaar.com has partnered with Muthoot FinCorp to offer a digital gold loan product. This marks BankBazaar’s entry into the secured lending segment. Muthoot FinCorp, which operates in the gold loan space, will manage the operational aspects of the product. Investment and Funding Round As part of the collaboration, Muthoot FinCorp has invested ₹15 crore in …
The World Bank has cut India’s GDP growth forecast for the financial year 2025-26 to 6.3%, down from 6.7% projected earlier. The update was released as part of the Bank’s latest South Asia Development Update. The revision follows concerns over global economic uncertainty and its likely impact on investment and trade. Comparison with Other Estimates …
According to the NDTV Profit Reports, the Secondary Market Advisory Committee (SMAC) of the Securities and Exchange Board of India (SEBI) is scheduled to meet on May 7. One of the items on the agenda is a review of the impact of recent Futures and Options (F&O) regulations. Review of Existing Curbs The panel is …
The Dibang Valley district administration has successfully completed the first phase of compensation distribution to families affected by the 3,097 MW Etalin Hydroelectric Project (HEP), marking a critical milestone in the implementation of one of India’s largest hydroelectric initiatives. Compensation Disbursement and Project Scale In a landmark move to support infrastructure growth in the Northeast, …
The Competition Commission of India (CCI) has approved two significant transactions involving Bharti AXA Life Insurance Company Limited (BALIC). The approval covers: (i) the acquisition of certain equity shares of BALIC by 360 ONE Private Equity Fund (360 Fund) through its schemes or affiliates, and (ii) the subscription of additional equity shares in BALIC by …
On April 24, 2025, as of 12:20 PM, the BSE Sensex was down 0.30% at 79,877.91, while the Nifty 50 was down 0.24% at 24,269.35. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng INDUSINDBK 795 837.5 793.3 835.1 5.15 GRASIM 2,690.00 2,736.30 2,673.00 2,733.00 1.76 ULTRACEMCO 11,877.00 12,166.00 …
